Financial Accounting Job Description
Financial Accounting Duties & Responsibilities
To write an effective financial accounting job description, begin by listing detailed duties, responsibilities and expectations. We have included financial accounting job description templates that you can modify and use.
Sample responsibilities for this position include:
Financial Accounting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Accounting
List any licenses or certifications required by the position: CPA, CMA, MBA, CIA, SOX, MCS, PEZA, DATG, IA, CFE
Education for Financial Accounting
Typically a job would require a certain level of education.
Employers hiring for the financial accounting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Education, Business/Administration, MBA, Associates, Management, Finance/Accounting
Skills for Financial Accounting
Desired skills for financial accounting include:
Desired experience for financial accounting includes:
Financial Accounting Examples
Financial Accounting Job Description
- Responsibility for the reporting of on balance sheet loan volumes
- Prepare Balance sheet and expense account reconciliations for internal audit purposes
- To use financial metrics to review and assess profitability goals
- Manage the relationship with external services providers accounting, audit and tax including the measurement of performance and review of future services provision
- Assist with the review and approval of coding for all invoices/expense reports processed through Accounts Payable and Databasics
- Assist with the review and approval of coding for all O&O related invoices
- Provide analysis of direct expenses O&O costs as requested by immediate supervisor
- Assist with monitoring net capital position on an ongoing basis to insure compliance with FINRA rules
- Assist with the preparation of any information or analysis requested by any other company personnel on all O&O and company accounting matters
- Prepare bi-weekly commission payment calculations for sales team and provide to the payroll department for processing
- Must be able to communicate effectively and tactfully with all levels or personnel, both internationally and domestically
- Must be able to work independently in a team setting
- Experience with business enterprise resource system required
- Excellent technical and systems skills (including development of reporting templates )
- BS/BA degree in Accounting or equivalent years of experience and CPA required
- Requires minimum 6-8 years of previous or current public accounting (Big 4 preferred)
Financial Accounting Job Description
- Establish and deliver on project plans with respect to requirements analysis, impact assessment, implementation and documentation efforts for new accounting and financial reporting projects throughout the organization
- Assist in setting the disclosure and presentation principles of the bank and supporting the Financial Reporting team
- Expand network to provide wider market practice and industry trends
- Manage corporate monthly, quarterly, and annual financial reporting processes and requirements
- Assists in the budget process for the department and provide recommendations
- Ensure compliance with internal financial accounting policies and procedures
- Test upgrades to local and national applications
- Supervise and review the production of monthly consolidated financial information for senior management and shareholders
- Supervise and review the production of quarterly and annual consolidated financial statements
- Help prepare the annual consolidated financial statement audit file
- Four year degree in Accounting and CPA required
- Desirable Key Requirements
- 5 years minimum experience in public accounting and/or industry
- Client Service and interpersonal skills
- Relevant lecturing or teaching experience
- Relevant Hons Degree
Financial Accounting Job Description
- Supervise the production of monthly consolidated financial forecasts and consolidated annual budget
- Develop and prepare various value-added consolidated monthly analyses
- Work with teams of accounting standards and taxation experts to record restructuring and reflect the adoption of new accounting standards
- Participate in various special projects to reduce the production cycle time of financial information
- Establish and apply rigorous internal controls
- Supervise a team of four (4) people
- Supervises the work of accounting assistants and/or technicians assigned to a financial unit in a school, administrative or auxiliary department, or within financial services
- Trains staff in unit operating procedures
- Collects and formats data for special projects and management studies and/or, or reviews data gathered by others for accuracy
- Coordinate accounting matters with other NSSC departments, SSC (offshore) and company locations
- Excellent knowledge of financial reporting standard (IFRS)
- Past working experience in a relevant role, working experience in or engaging change management and also having been instrumental in the implementation of a new accounting/ledger system
- 3-5 years of business experience in public accounting, or corporate accounting, strongly preferred
- Bachelor’s degree in Accounting and at least 2-4 years of experience with some exposure to general accounting, budgeting, planning, and financial analysis
- MUST have a CPA this is a hard requirement - applicants without a CPA will not be eligible
- Bachelor’s degree in administration, with a major in accounting
Financial Accounting Job Description
- Undertake any other Ad Hoc tasks as directed by the Team Leader and/or Hub Finance
- Preparation of annual standalone and consolidated statutory accounts in compliance with IFRS and applicable policies completion of audit processes, working closely with external and internal auditors
- Contributing to fast paced challenging client projects including financial/accounting support, financial information prep, performing financial analysis and development of client recommendations
- Contributing to technical accounting application
- Business development within a team and exposure to business development learning
- Direct communication and interaction with client leadership and financial management personnel, including CFO’s, controllers and private equity firm professionals
- Exposure/learning in multiple industries and business segments including mergers and acquisition
- Teaming with professionals and other consultants for other disciplines in the firm to deliver world class expertise and client service
- Manages the day-to-day accounting activities associated with their direct reports (and indirect reports) for various areas of the business
- Identifies processes that need improvement and/or automation, designs new data workflows and procedures, and provides guidance to team members regarding the change
- Recognized accounting certification (CPA)
- At least ten (10) years of relevant experience
- Experience producing external financial information in a public corporation
- Excellent knowledge of consolidation
- At least five (5) years of staff supervision experience
- Analytical approach, thoroughness, judgment and self-reliance
Financial Accounting Job Description
- Provide divisional reporting/manual guidance to the stakeholders of the Diagnostics Finance Organization
- Manage the quarterly footnote process and review the quarterly footnotes to ensure all information is received and that disclosures are in accordance with GAAP
- Prepare the GAAP checklist
- Prepare client financial statements
- Provide advice to clients on improved processes & procedures
- Pursue advancement in technical back office service capabilities advancement in “soft skill” competencies
- Monitor actual budget performance vs
- Perform routine accounting activities including journal entries, account reconciliations, and other month-end close activities
- Provide oversight for the outsourced accounting firm in Delhi, India, providing the information necessary to ensure their accurate and timely completion of required accounting activities and by providing feedback on their performance
- Contribute to continuous improvement initiatives by identifying opportunities to improve efficiency, adjust to changing conditions or improve internal control
- Focus on results and solutions
- Approach of continuous improvement to identify opportunities and implement efficient processes
- Knowledge of Navision would be an advantage
- A professional accounting designation (CPA, CA, CMA, CGA)
- Proven ability to work on cross-functional teams in a matrix organizational structure
- Previous experience in a Big 4 or large regional accounting firm