In this article, we will show you detailed and updated Finance Accountant Job descriptions. Here you will also find the duties of a Finance Accountant, responsibilities, qualifications, skills, and estimated annual salary. Finance Accountant Job Description
This Finance Accountant Job Description template provides critical duties and responsibilities for a Finance Accountant job description. It’s ready to post on various job sites to assist you to recruit and hire people who assist in the preparation of monthly bank deposits and coordinate with internal and external auditors.
As a job seeker, you can use this information to make a very rich resume and as well get yourself prepared for an interview. Finance Accountant Job Description
Finance Accountant Job Description
Budgeting, tax payment management, and internal audits are all tasks that fall under the purview of a financial accountant. As a finance Account, You’ll be consulting with upper management on revenue and expenditures.
A Financial Accountant is responsible for running the accounting and financial activities of an organization. They analyze the economic stability of the company and provide financial information to other departments, enabling these departments to make budgeting and investment decisions. A Financial Accountant reports on costs, productivity, margins and company expenditures.
Duties of a Finance Accountant
- Preparing monthly and quarterly financial statements
- Ensuring accuracy of all financial statements
- Assisting in the preparation of the annual budget
- Assisting in the preparation of monthly bank deposits
- Coordinating with internal and external auditors
Responsibilities of a Finance Accountant
- Collect and keep an eye on financial records (e.g. sales revenues and liabilities)
- Make financial reports on a monthly, quarterly, and annual basis (balance sheets and income statements)
- Make a revenue and expense forecast
- Deal with Tax Payments
- Set up in-house inspections
- Arrange financial plans (for the entire company and by department)
- Fraud in the books must be tracked and reported.
- Evaluate investment opportunities by conducting in-depth risk analyses.
- Examine the current economic climate
- Manage the close of each month and the fiscal year.
- Preparing the monthly profit and loss, and balance sheet reports
- Tax reporting and inventory processing
- Collecting and analyzing data, which is then used in the preparation of weekly and monthly estimates
- Advising on estimates for project funding
- Creating KPI reports
- Preparing weekly cash flow statements, and controlling expenditure and cash flow
- Assisting with the preparation of year-end accounts and statutory accounts
- Responding to financial inquiries by gathering and interpreting data
- Conducting internal audits such as wage reviews
- Examining financial records to check for accuracy
- Managing and training staff when necessary
- Preparing monthly audit reports
- Preparing monthly, quarterly and annual tax filings
- Collect and keep an eye on financial records (e.g. sales revenues and liabilities)
- Generate financial reports on a regular basis (balance sheets and income statements)
- Predicting Future Expenses and Income
- Controlling Tax Payments
- Start conducting internal audits
- Budgets need to be made (for the entire company and by department)
- Keep an eye out for fraud in the books and let the proper authorities know about it.
- Evaluate investment opportunities by doing in-depth risk analysis.
- Examine the market changes and their impact on your company
- Manage the close of each month and the fiscal year.
Qualifications of a Finance Accountant
- Proven work experience as a Financial Accountant or similar role
- Advanced knowledge of MS Excel and accounting software
- In-depth understanding of business bookkeeping procedures
- Solid knowledge of accounting regulations
- Excellent math skills with an attention to detail
- Time-management abilities
- Confidentiality
- BSc degree in Accounting, Finance or relevant field
- Additional certification (e.g. CPA) is a plus
Skills of a Finance Accountant
- An analytical mind.
- Negotiation skills and the ability to develop strong working relationships.
- Commercial and business awareness.
- Good communication skills – both written and verbal.
- A keen eye for detail and desire to probe further into data.
- Deadline-orientated and an ability to stick to time constraints.
Salary of a Finance Accountant
The average Financial Accountant I salary in the United States is $60,010, but the range typically falls between $54,630 and $66,130. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Conclusion
Ultimately, as a finance accountant, you will ensure all our accounting transactions comply with the law and support company’s investments.
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