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%
$130,560
TOTAL 50%
$140,941
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)
Identifies the importance and benefits of project accounting.
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Level 2 Behaviors
(Light Experience)
Supports the project of a technology system or software for accounting activities.
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Level 3 Behaviors
(Moderate Experience)
Resolves highly complex project-related accounting issues to reduce project risks.
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Level 4 Behaviors
(Extensive Experience)
Oversees the process initiatives of a project to control accounting processes and systems.
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Level 5 Behaviors
(Mastery)
Promotes the tracking of financial activities to support the accounting needs of a project.
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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)
Names our key stakeholders from a business value chain perspective.
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Level 2 Behaviors
(Light Experience)
Supports the planning, implementation, and management of training programs that foster process improvements.
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Level 3 Behaviors
(Moderate Experience)
Participates in the redesign of organizational structures to reflect business priorities.
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Level 4 Behaviors
(Extensive Experience)
Trains others on various business and operation topics.
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Level 5 Behaviors
(Mastery)
Forecasts the short-term and long-term impact of various business cases on P&L 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)
Lists various kinds of applications that use predictive analytics.
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Level 2 Behaviors
(Light Experience)
Interprets the reasons for statistical errors, misinterpretations, and false positives.
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Level 3 Behaviors
(Moderate Experience)
Works with teams in using different kinds of cross-validation to test results of predictive models.
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Level 4 Behaviors
(Extensive Experience)
Researches and lists the cases that are predicted wrongly and then learns how to improve.
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Level 5 Behaviors
(Mastery)
Stays current with the latest research on predictive analytics.
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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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