Senior project accountant vs accountant

The differences between senior project accountants and 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 senior project accountant and an accountant. Additionally, a senior project accountant has an average salary of $64,388, which is higher than the $54,890 average annual salary of an accountant.

The top three skills for a senior project accountant include reconciliations, project management and GAAP. The most important skills for an accountant are reconciliations, general ledger accounts, and account reconciliations.

Senior project accountant vs accountant overview

	Senior Project Accountant	Accountant
Yearly salary	$64,388	$54,890
Hourly rate	$30.96	$26.39
Growth rate	6%	6%
Number of jobs	45,277	60,073
Job satisfaction	-	3
Most common degree	Bachelor's Degree, 76%	Bachelor's Degree, 71%
Average age	44	44
Years of experience	4	4

What does a senior project accountant do?

Senior Project Accountants are responsible for providing support in financial management for a project. Their duties include creating financial appraisals, producing project forecasts, and developing project financial reports. They are responsible for facilitating financial planning, identifying budget deviances, performing impact analysis, and assisting in risk management planning. Senior Project Accountants also establish financial governance for a project, improve financial tools, test data, and prepare a business case analysis for senior management. They participate in project meetings, assist in internal audits, and ensure operations adhere to corporate financial legislations.

What does an accountant do?

An accountant is an individual whose primary task is to prepare, keep, examine, and interpret financial records. Most accountants are in charge of a wide scope of finance-related tasks, either for private individuals or for large-scale businesses and organizations they are employed with. They make sure that financial statements and records are accurate and comply with laws and regulations. They also compute for taxes, prepare tax returns, and ensure being paid properly and on time. As they keep track and record the flow of money, they can offer guidance on how to reduce costs, enhance revenue, and help in profit maximization.

Senior project accountant vs accountant salary

Senior project accountants and accountants have different pay scales, as shown below.

	Senior Project Accountant	Accountant
Average salary	$64,388	$54,890
Salary range	Between $48,000 And $85,000	Between $41,000 And $72,000
Highest paying City	Washington, DC	Washington, DC
Highest paying state	Massachusetts	New York
Best paying company	Dahl Consulting	Meta
Best paying industry	Technology	Technology

Differences between senior project accountant and accountant education

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

	Senior Project Accountant	Accountant
Most common degree	Bachelor's Degree, 76%	Bachelor's Degree, 71%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Senior project accountant vs accountant demographics

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

	Senior Project Accountant	Accountant
Average age	44	44
Gender ratio	Male, 37.3% Female, 62.7%	Male, 38.2% Female, 61.8%
Race ratio	Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.7% American Indian and Alaska Native, 0.5%	Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 10.9% Asian, 15.0% White, 61.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	7%

Differences between senior project accountant and accountant duties and responsibilities

Senior project accountant example responsibilities.

Manage daily operations of the accounting department to include contract billing, accounts receivable, and monthly backlog/accrual reconciliations.
Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
Produce financial reports on a timely basis for building construction decision making using various job cost methods in conformity to GAAP.
Provide recommendations and assist with development, documentation, and implementation of agree process improvement procedures according to GAAP and SOX.
Audit and approve the supporting documents of all invoices of the company in accordance with the requirements regulations by SOX.
Prepare schedules for recurring accruals and deferrals and amortize monthly.

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Accountant example responsibilities.

Manage preparation of the statutory financial statements and financial aggregates in compliance with IFRS and local applicable norms.
Manage personnel financial matters including salaries, taxation procedures and other relate issues.
Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
Reconstruct and improve many balance sheet account reconciliations for easier reading and interpretation by senior level management.
Perform complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations.
Maintain general ledgers and preparation of monthly and other periodic financial reports in accordance with GAAP and international accounting standards.

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Senior project accountant vs accountant skills

Common senior project accountant skills

Reconciliations, 7%
Project Management, 6%
GAAP, 5%
Financial Reports, 4%
Payroll, 4%
Accruals, 4%

Common accountant skills

Reconciliations, 14%
General Ledger Accounts, 6%
Account Reconciliations, 6%
GAAP, 5%
Payroll Tax Returns, 5%
Customer Service, 5%

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Updated January 8, 2025

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