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The differences between project finance analysts and project accountants 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 finance analyst and a project accountant. Additionally, a project finance analyst has an average salary of $77,005, which is higher than the $60,467 average annual salary of a project accountant.
The top three skills for a project finance analyst include financial analysis, project management and financial data. The most important skills for a project accountant are reconciliations, project management, and contract terms.
| Project Finance Analyst | Project Accountant | |
| Yearly salary | $77,005 | $60,467 |
| Hourly rate | $37.02 | $29.07 |
| Growth rate | 9% | 6% |
| Number of jobs | 106,230 | 43,672 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 72% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
A project finance analyst is responsible for analyzing the financial needs and reports of an organization's project management system. Project finance analysts review project terms and expense forecasting and identify strategies to minimize financial loss. They also resolve account discrepancies and file accurate financial statements upon the assessment of project plans, resources, and timetables. A project finance analyst must have excellent communication and analytical skills to determine potential risks and enhance the company's portfolio for business proposals.
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.
Project finance analysts and project accountants have different pay scales, as shown below.
| Project Finance Analyst | Project Accountant | |
| Average salary | $77,005 | $60,467 |
| Salary range | Between $54,000 And $108,000 | Between $46,000 And $79,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Pennsylvania | New Jersey |
| Best paying company | Perficient | |
| Best paying industry | Manufacturing | Professional |
There are a few differences between a project finance analyst and a project accountant in terms of educational background:
| Project Finance Analyst | Project Accountant | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 72% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between project finance analysts' and project accountants' demographics:
| Project Finance Analyst | Project Accountant | |
| Average age | 40 | 44 |
| Gender ratio | Male, 48.8% Female, 51.2% | Male, 36.8% Female, 63.2% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black 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% |
| LGBT Percentage | 7% | 7% |