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Project accountant hiring summary. Here are some key points about hiring project accountants in the United States:
Here's a step-by-step project accountant hiring guide:
A project accountant is primarily in charge of overseeing the budget and expenditures allocated for various projects within a company. Their responsibilities revolve around reviewing financial data and work plans, managing billing and financial reports, monitoring the flow of revenue, filing purchase orders and invoices, and processing payments to subcontractors, suppliers, and more. It is also vital to coordinate with all managing personnel to prepare necessary reports such as costs and taxes. Furthermore, it is essential to maintain data and records of all transactions, all while implementing the company's policies and regulations.
Before you start hiring a project accountant, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
A project accountant's background is also an important factor in determining whether they'll be a good fit for the position. For example, project accountants from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of project accountant salaries for various roles:
| Type of Project Accountant | Description | Hourly rate |
|---|---|---|
| Project Accountant | Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time... Show more | $22-37 |
| Accounting Analyst | An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables... Show more | $20-37 |
| Accountant/Consultant | Accountants/consultants perform accounting tasks for organizations or companies. The accountants improve accounting practices and prepare financial statements at the end of every year... Show more | $22-41 |
Including a salary range in the project accountant job description is a good way to get more applicants. A project accountant salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a project accountant in Maine may be lower than in New Jersey, and an entry-level engineer typically earns less than a senior-level project accountant. Additionally, a project accountant with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $73,941 | $36 |
| 2 | California | $69,773 | $34 |
| 3 | New York | $67,573 | $32 |
| 4 | North Carolina | $65,820 | $32 |
| 5 | Virginia | $64,516 | $31 |
| 6 | Louisiana | $61,658 | $30 |
| 7 | Oregon | $60,779 | $29 |
| 8 | Georgia | $60,685 | $29 |
| 9 | Pennsylvania | $60,556 | $29 |
| 10 | Massachusetts | $60,307 | $29 |
| 11 | Washington | $59,920 | $29 |
| 12 | Illinois | $59,708 | $29 |
| 13 | Colorado | $59,564 | $29 |
| 14 | Texas | $59,322 | $29 |
| 15 | Florida | $56,565 | $27 |
| 16 | Nevada | $56,463 | $27 |
| 17 | Wisconsin | $56,420 | $27 |
| 18 | Michigan | $56,050 | $27 |
| 19 | Arizona | $55,398 | $27 |
| 20 | Missouri | $54,461 | $26 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Perficient | $70,010 | $33.66 | 2 |
| 2 | CDM Smith | $68,963 | $33.16 | 84 |
| 3 | TechnipFMC | $68,957 | $33.15 | |
| 4 | Donohue & Associates | $68,878 | $33.11 | |
| 5 | Cp&y, Inc. | $68,609 | $32.99 | |
| 6 | Sherpa | $68,087 | $32.73 | 10 |
| 7 | TranSystems | $67,971 | $32.68 | |
| 8 | West Yost Associates | $67,758 | $32.58 | |
| 9 | Merrick & Co | $67,611 | $32.51 | |
| 10 | Clear Channel Airport | $67,079 | $32.25 | 2 |
| 11 | Powers & Sons Construction Company, Inc. | $66,973 | $32.20 | |
| 12 | POWER Engineers | $66,951 | $32.19 | 2 |
| 13 | Trc Engineering | $66,862 | $32.15 | |
| 14 | Farnsworth Group | $66,575 | $32.01 | |
| 15 | Moss & Associates | $66,479 | $31.96 | |
| 16 | Fugro | $66,362 | $31.90 | |
| 17 | Huitt-Zollars | $66,070 | $31.76 | |
| 18 | Jacobs Engineering Group | $66,019 | $31.74 | |
| 19 | Wsp USA Buildings Inc. | $65,832 | $31.65 | 30 |
| 20 | HDR | $65,688 | $31.58 | 12 |
A job description for a project accountant role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a project accountant job description:
To find the right project accountant for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit project accountants, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect project accountant candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
Once that's done, you can draft an onboarding schedule for the new project accountant. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Before you start to hire project accountants, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire project accountants pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Project accountants earn a median yearly salary is $60,467 a year in the US. However, if you're looking to find project accountants for hire on a contract or per-project basis, hourly rates typically range between $22 and $37.