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)
Lists the methodologies and best practices of change management.
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Level 2 Behaviors
(Light Experience)
Supports auditing and reporting related to change management to help resolve transformations and claims.
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Level 3 Behaviors
(Moderate Experience)
Works with the management team to develop change orders or proposals.
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Level 4 Behaviors
(Extensive Experience)
Reviews accounting activities to comply with change management policies.
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Level 5 Behaviors
(Mastery)
Promotes change management to assure maximum operational effectiveness.
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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)
Cites step-by-step project accounting processes and procedures.
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Level 2 Behaviors
(Light Experience)
Adheres to accounting practices and standards to support long-term accounting projects.
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Level 3 Behaviors
(Moderate Experience)
Analyzes all project billings in the accounting system to support documentation.
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Level 4 Behaviors
(Extensive Experience)
Directs guidelines for project accounting to implement our responsibility in tax compliance.
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Level 5 Behaviors
(Mastery)
Builds financial systems to improve the automation of accounting processes across the team.
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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)
Describes how our business makes money and our key business objectives.
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Level 2 Behaviors
(Light Experience)
Assists in designing business models and operating plans.
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Level 3 Behaviors
(Moderate Experience)
Analyses the business impact of demographic changes; suggests effective responses.
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Level 4 Behaviors
(Extensive Experience)
Consults on the selection and adjustment of the go-to-market strategy.
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Level 5 Behaviors
(Mastery)
Builds a mentoring model to ensure a continuous increase of business sense within our business.
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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)
Describes the basics of predictive model techniques.
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Level 2 Behaviors
(Light Experience)
Applies appropriate statistical tools to test and validate all assumptions.
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Level 3 Behaviors
(Moderate Experience)
Contributes to the development of multiple models to predict future behavioral outcomes.
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Level 4 Behaviors
(Extensive Experience)
Develops data analysis strategy and predictive models for various functions or measurements.
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Level 5 Behaviors
(Mastery)
Adopts advanced techniques for evaluating the quality and relevance of data used in predictive models.
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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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