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The differences between senior project accountants 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 senior project accountant and a project accountant. Additionally, a senior project accountant has an average salary of $64,388, which is higher than the $60,467 average annual salary of a project accountant.
The top three skills for a senior project accountant include reconciliations, project management and GAAP. The most important skills for a project accountant are reconciliations, project management, and contract terms.
| Senior Project Accountant | Project Accountant | |
| Yearly salary | $64,388 | $60,467 |
| Hourly rate | $30.96 | $29.07 |
| Growth rate | 6% | 6% |
| Number of jobs | 45,277 | 43,672 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
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.
Senior project accountants and project accountants have different pay scales, as shown below.
| Senior Project Accountant | Project Accountant | |
| Average salary | $64,388 | $60,467 |
| Salary range | Between $48,000 And $85,000 | Between $46,000 And $79,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | Dahl Consulting | Perficient |
| Best paying industry | Technology | Professional |
There are a few differences between a senior project accountant and a project accountant in terms of educational background:
| Senior Project Accountant | Project Accountant | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 72% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior project accountants' and project accountants' demographics:
| Senior Project Accountant | Project Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 37.3% Female, 62.7% | Male, 36.8% Female, 63.2% |
| 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, 8.7% 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% |