Project Accountant Guide - Hire or get hired
Your complete guide to the Project Accountant Role: Duties, salary & hiring tips
Purpose of the Project Accountant
The Project Accountant tracks financial performance of major projects, ensuring cost control, budget alignment, and accurate reporting to support project delivery.
Project Accountant's duties and responsibilities
• Budgeting & Forecasting:
Develop and manage project budgets and forecasts.
• Cost Tracking:
Monitor expenditures, contracts, and cost-to-complete analysis.
• Reporting:
Prepare project financial reports, variance analysis, and cash flow tracking.
• Compliance:
Ensure financial governance across capital and operational projects.
• Stakeholder Liaison:
Work closely with project managers and finance teams.
Develop and manage project budgets and forecasts.
• Cost Tracking:
Monitor expenditures, contracts, and cost-to-complete analysis.
• Reporting:
Prepare project financial reports, variance analysis, and cash flow tracking.
• Compliance:
Ensure financial governance across capital and operational projects.
• Stakeholder Liaison:
Work closely with project managers and finance teams.
Requirements and qualifications for a Project Accountant
• Degree in Accounting or Finance
• 3+ years’ experience in project or cost accounting
• Strong analytical and reporting skills
• Experience with project accounting tools or ERP systems
• Excellent communication and stakeholder engagement
• 3+ years’ experience in project or cost accounting
• Strong analytical and reporting skills
• Experience with project accounting tools or ERP systems
• Excellent communication and stakeholder engagement
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Accounting and Finance Market Update
2024 was a challenging year for businesses across all sectors, leading to a slowdown in recruitment. As we move into 2025, while the market has slowed, job seekers remain open to new opportunities if salaries and workplace conditions meet expectations. Employers must move quickly and offer compelling value beyond compensation.
Qualified accountants remained the hardest to hire in 2024, with 40% of businesses citing them as the most difficult to fill, followed by transactional finance (17%) and payroll roles (14%). In-demand roles such as finance managers, systems accountants, and specialists in data analytics and sustainability reporting indicate a shift in workforce priorities.
To remain competitive in 2025, 75% of organisations will focus on automation and system improvements, with additional emphasis on upskilling (45%), cash flow management (37%), and compliance (33%). Many businesses are investing in professional development, including certifications, workshops, and AI skill training, to enhance their teams and adapt to new technologies.
86% of businesses preferred maintaining in-house teams for better communication, control, and compliance, and while many employers relied on internal hiring teams, 54% sought external recruitment support within a month, highlighting the ongoing value of recruitment agencies in securing top talent.
Qualified accountants remained the hardest to hire in 2024, with 40% of businesses citing them as the most difficult to fill, followed by transactional finance (17%) and payroll roles (14%). In-demand roles such as finance managers, systems accountants, and specialists in data analytics and sustainability reporting indicate a shift in workforce priorities.
To remain competitive in 2025, 75% of organisations will focus on automation and system improvements, with additional emphasis on upskilling (45%), cash flow management (37%), and compliance (33%). Many businesses are investing in professional development, including certifications, workshops, and AI skill training, to enhance their teams and adapt to new technologies.
86% of businesses preferred maintaining in-house teams for better communication, control, and compliance, and while many employers relied on internal hiring teams, 54% sought external recruitment support within a month, highlighting the ongoing value of recruitment agencies in securing top talent.
