A project accountant handles financial concerns related to specific projects within a company or organization. This accountant will handle billings and payment collections, maintain contracts, and pursue unpaid billings. Throughout the completion of the project, this professional will review and approve invoices, time sheets, applicable overhead charges, assets, and expenses. Upon completion of a project, the accountant will prepare reports for management that detail profitability, outstanding billings, and excess funding available after completion.
A project accountant's responsibilities may also include preparing tax documents, government reports, and documentation for auditors both internal and external. The project accountant is an important point of contact for customers, project managers, and other accounting professionals within the company.
Project Accountant Job Education Requirements
The required education for project accountants typically includes secondary school and a college degree. The Certified General Accountants Association of Canada, Canadian Bookkeepers Association, and Canadian Securities Institute certify a number of important courses that will help you prepare for a career in accounting. Some companies require accounting clerks to be bondable.
Project Accountant Job Market
Job growth for accounting and related clerks has been slower than average. The job outlook is weak in Alberta and the Northwest Territories, fair in Ontario, and moderate in British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Prince Edward Island, Quebec, and Saskatchewan. Job opportunities for accountants are expected to decline in Nova Scotia. However, strong employment growth is expected in Nunavut and the Yukon for accountants and auditors.
Project Accountant Job Salary Information
In Canada, the median hourly wage for financial auditors and accountants is C$29, ranging from C$17 on the low end to a high of C$51.44. Wages are highest in the Northwest Territories, where these professionals enjoy median earnings of C$42.29 on average. The lowest median earnings for auditors and accountants are found in New Brunswick with a median hourly wage of C$24.79.