Skills & Competencies for Project Accounting Manager

Project Accounting Manager job profile

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JOB SUMMARY for Project Accounting Manager

Manages a team of project accountants that perform accounting and financial activities to measure and monitor project financial performance.

JOB RESPONSIBILITIES for Project Accounting Manager

Oversees the creation and maintenance of project level accounts. Ensures that all postings, allocations, accruals and payments for the project are completed according to schedule. Reviews monthly project status reports prior to project reviews. Supports project leaders to address changes in project scope or timeline and resolve any financial issues that might impede project timelines. Tracks and analyzes consolidated financial results for all projects.

Project Accounting Manager SALARY RANGE

BASE 50%
$131,927
TOTAL 50%
$142,418
Job Level
M02
Job Code
FA06000989
Education/Degree
Bachelor's Degree
Reports To
Director

Project Accounting Manager Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Project Accounting Manager skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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6 general skills or competencies (Job family competencies) for Project Accounting Manager

1 Job Family Competencies – Change Management
Proficiency Level -2
Skill definition-Implementing change by transforming our organization's goals, processes, or technologies to ensure business growth and success.
Level 1 Behaviors
(General Familiarity)
Explains potential impacts and challenges of different change management processes.
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Level 2 Behaviors
(Light Experience)
Gathers input relating to change in business processes, goals, and methodologies.
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Level 3 Behaviors
(Moderate Experience)
Prepares and updates status reports of process changes to monitor progress.
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Level 4 Behaviors
(Extensive Experience)
Oversees change management projects to prioritize multiple tasks under tight deadlines.
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Level 5 Behaviors
(Mastery)
Leads the implementation of change management to improve performance measures.
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2 Job Family Competencies – Project Accounting
Proficiency Level -4
Skill definition-Managing the financial transactions of a project by tracking costs, economic benefits, and billing.
Level 1 Behaviors
(General Familiarity)
Describes the basic concepts and principles of project accounting.
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Level 2 Behaviors
(Light Experience)
Compiles expenditures and income of each project into the accounting system.
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Level 3 Behaviors
(Moderate Experience)
Identifies current and potential risks in project accounting online systems.
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Level 4 Behaviors
(Extensive Experience)
Monitors overall accounting and financial activities to measure the performance of the project.
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Level 5 Behaviors
(Mastery)
Establishes a cost accounting structure to identify areas where expenses can be reduced.
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3 Project Accounting Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Project Accounting Manager
Proficiency Level - 4
5 Competency for - Project Accounting Manager
Proficiency Level - 5

9 soft skills or competencies (core competencies) for Project Accounting Manager

1 Core Competencies – Business Acumen
Proficiency Level -2
Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.
Level 1 Behaviors
(General Familiarity)
Discusses the strengths and weaknesses of our products and services.
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Level 2 Behaviors
(Light Experience)
Explains advantages and disadvantages of different organizational structures from an efficiency perspective.
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Level 3 Behaviors
(Moderate Experience)
Communicates financial insights that positively influence the business plan development process.
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Level 4 Behaviors
(Extensive Experience)
Evaluates and explains the financial aspects of a business initiative to different teams.
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Level 5 Behaviors
(Mastery)
Champions organizational change and digital transformation to drive higher business performance.
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2 Core Competencies – Predictive Analytics
Proficiency Level -3
Skill definition-Gathering, analyzing, and predicting patterns and structures of historical data and trends to make strategic decisions for better future outcomes.
Level 1 Behaviors
(General Familiarity)
Differentiates between predictive analytics and machine learning.
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Level 2 Behaviors
(Light Experience)
Collects data from specific sources to support data processing in predictive analytics.
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Level 3 Behaviors
(Moderate Experience)
Performs complex calculations and meaningful ratios for accurate analytics.
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Level 4 Behaviors
(Extensive Experience)
Monitors performance to ensure accuracy and relevance of predictions in driving organizational growth.
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Level 5 Behaviors
(Mastery)
Develops predictive models to determine and draw up predictions about future industry trends.
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3 Project Accounting Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Project Accounting Manager
Proficiency Level - 4
5 Competency for - Project Accounting Manager
Proficiency Level - 5

Summary of Project Accounting Manager skills and competencies

There are 0 hard skills for Project Accounting Manager.
6 general skills for Project Accounting Manager, Change Management, Project Accounting, Project Cost Management, etc.
9 soft skills for Project Accounting Manager, Business Acumen, Predictive Analytics, Industry Knowledge, etc.
While the list totals 15 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Project Accounting Manager, he or she needs to be proficient in Business Acumen, be skilled in Predictive Analytics, and be proficient in Industry Knowledge.

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