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Senior tax analyst vs project accountant

The differences between senior tax 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 senior tax analyst and a project accountant. Additionally, a senior tax analyst has an average salary of $79,029, which is higher than the $60,467 average annual salary of a project accountant.

The top three skills for a senior tax analyst include ASC, state income and onesource. The most important skills for a project accountant are reconciliations, project management, and contract terms.

Senior tax analyst vs project accountant overview

Senior Tax AnalystProject Accountant
Yearly salary$79,029$60,467
Hourly rate$37.99$29.07
Growth rate6%6%
Number of jobs56,99643,672
Job satisfaction-5
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 72%
Average age4444
Years of experience44

What does a senior tax analyst do?

A senior tax analyst is responsible for reconciling tax accounts, preparing tax payment estimates for the state and federal income tax jurisdictions. Other tasks that you will perform include discussing inter-company accounting, conducting tax research using different tax databases, and preparing state and federal income tax returns. In addition, you will be responsible for maintaining client accounts, write-ups, and ledgers, reconciling bank statements, and researching, developing, and executing tax-efficient structure. As a senior tax analyst, you are also responsible for reviewing and analyzing tax withholdings.

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.

Senior tax analyst vs project accountant salary

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

Senior Tax AnalystProject Accountant
Average salary$79,029$60,467
Salary rangeBetween $58,000 And $106,000Between $46,000 And $79,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateRhode IslandNew Jersey
Best paying companyGooglePerficient
Best paying industryFinanceProfessional

Differences between senior tax analyst and project accountant education

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

Senior Tax AnalystProject Accountant
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 72%
Most common majorAccountingAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Pennsylvania

Senior tax analyst vs project accountant demographics

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

Senior Tax AnalystProject Accountant
Average age4444
Gender ratioMale, 48.3% Female, 51.7%Male, 36.8% Female, 63.2%
Race ratioBlack or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 15.5% White, 60.8% 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 Percentage7%7%

Differences between senior tax analyst and project accountant duties and responsibilities

Senior tax analyst example responsibilities.

  • Manage the production of retirement benefit checks, and ACH invoices.
  • Review various tax liability and reserve account reconciliations to ensure proper accounting treatment of tax collections and remittances.
  • Prepare sales/use tax reclassification journal entries for monthly closing and perform quarterly and annual sales/use tax accounts reconciliation for SOX control.
  • Used OneSource s/w for filing the tax returns.
  • Develop and generate ERP system reports, meeting standard reporting needs.
  • Improve: labor reporting, sales cycle, departments communication, A/R & A/P processing.
  • Show more

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 tax analyst vs project accountant skills

Common senior tax analyst skills
  • ASC, 6%
  • State Income, 5%
  • OneSource, 5%
  • Tax Compliance, 5%
  • Tax Research, 4%
  • Indirect Tax, 4%
Common project accountant skills
  • Reconciliations, 8%
  • Project Management, 6%
  • Contract Terms, 5%
  • Purchase Orders, 4%
  • Deltek, 4%
  • Revenue Recognition, 4%

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