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Project accountant vs senior accountant analyst

The differences between project accountants and senior accountant analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a project accountant and a senior accountant analyst. Additionally, a senior accountant analyst has an average salary of $75,282, which is higher than the $60,467 average annual salary of a project accountant.

The top three skills for a project accountant include reconciliations, project management and contract terms. The most important skills for a senior accountant analyst are reconciliations, external auditors, and account reconciliations.

Project accountant vs senior accountant analyst overview

Project AccountantSenior Accountant Analyst
Yearly salary$60,467$75,282
Hourly rate$29.07$36.19
Growth rate6%6%
Number of jobs43,67282,010
Job satisfaction5-
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 75%
Average age4444
Years of experience44

What does a project accountant do?

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.

What does a senior accountant analyst do?

As a senior accountant analyst, your main role is to provide professional guidance to a company. You need to have excellent preparation skills to create financial reports that clearly state the expenses and forecast the company's financial future. You should always aim for accuracy and compliance. Moreover, as a senior accountant analyst, you are supposed to give general operational assistance to the company's management.

Project accountant vs senior accountant analyst salary

Project accountants and senior accountant analysts have different pay scales, as shown below.

Project AccountantSenior Accountant Analyst
Average salary$60,467$75,282
Salary rangeBetween $46,000 And $79,000Between $58,000 And $97,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateNew JerseyWashington
Best paying companyPerficientBMO Capital Markets
Best paying industryProfessionalFinance

Differences between project accountant and senior accountant analyst education

There are a few differences between a project accountant and a senior accountant analyst in terms of educational background:

Project AccountantSenior Accountant Analyst
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 75%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Project accountant vs senior accountant analyst demographics

Here are the differences between project accountants' and senior accountant analysts' demographics:

Project AccountantSenior Accountant Analyst
Average age4444
Gender ratioMale, 36.8% Female, 63.2%Male, 49.4% Female, 50.6%
Race ratioBlack or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 12.3% White, 63.5% American Indian and Alaska Native, 0.5%Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.1% White, 62.2% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between project accountant and senior accountant analyst duties and responsibilities

Project accountant example responsibilities.

  • Maintain general ledgers, manage cash flow, prepare financial statements and bank reconciliations for multiple development and construction projects.
  • Assure timely accurate filing of all Medicare, Medicaid and commercial insurance claims.
  • Review the collection of Medicare, Medicaid and other receivables to ensure monthly goals are met.
  • Used DelTek to find discrepancies in employee charge hours.
  • Serve as major contributor in system conversion to new web-base ERP system.
  • Identify and rectify accounting errors that have incurred in the past and ensure adherence to IFRS.
  • Show more

Senior accountant analyst example responsibilities.

  • Develop and manage Sarbanes-Oxley compliance procedures.
  • Manage complex pricing structure and maintain SalesForce CRM funnel for forecasting accuracy.
  • Provide high-level financial analysis and accounting, conduct fixed asset analysis, variance analysis, account reconciliations, and month end-closes.
  • Perform relevant SOX controls accurately and timely.
  • Research and make technical recommendations regarding GAAP accounting issues.
  • Document and test control procedures in accordance with Sarbanes-Oxley regulations.
  • Show more

Project accountant vs senior accountant analyst skills

Common project accountant skills
  • Reconciliations, 8%
  • Project Management, 6%
  • Contract Terms, 5%
  • Purchase Orders, 4%
  • Deltek, 4%
  • Revenue Recognition, 4%
Common senior accountant analyst skills
  • Reconciliations, 11%
  • External Auditors, 5%
  • Account Reconciliations, 5%
  • General Ledger Accounts, 5%
  • GAAP, 5%
  • Financial Analysis, 5%

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