Compliance Accountant Job Description
Compliance accountant
provides leadership and guidance for compliance with Generally Accepted Accounting Procedures (GAAP), GAS (Government Auditing Standards), Cost Accounting Standards (CAS) and Federal Acquisition Regulations (FAR).
Compliance Accountant Duties & Responsibilities
To write an effective compliance accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included compliance accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Internal Audit / Compliances
SOX Compliances
Responsible to lead monthly compliance audit
Preparation of monthly compliance report
Responsible to prepare & track monthly action plan & to see the proper closer of audit findings
Other control & compliances
Assist in the planning, execution, and conclusion on SOX compliance assessments and special projects in accordance with professional standards
Assist the Manager and Senior Accountants of SEC Reporting, Technical Accounting & SOX Compliance with completion of various projects and due diligence reviews
Coordinate with external audit team to provide support and assistance, as needed
Assist with the preparation of SEC required reports to ensure accuracy of filings
Compliance Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Compliance Accountant
List any licenses or certifications required by the position: CPA, TDS, SOX, CIA
Education for Compliance Accountant
Typically a job would require a certain level of education.
Employers hiring for the compliance accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Education, Economics, Law, MBA, Graduate, Taxation, Business/Administration
Skills for Compliance Accountant
Desired skills for compliance accountant include:
Financial reporting
GAAP and Sarbanes-Oxley
Numerous states is advantageous
Cost and managerial accounting
Federal regulations governing cost principals and research compliance for educational institutions
Financial accounting principles and GAAP rules
Generally accepted accounting principles
Grant and contract accounting
Grant and contract administration processes and procedures
Grants cycle and OMB Uniform Guidance 2 CFR 200 Regular travel throughout Washington metro area
Desired experience for compliance accountant includes:
Adhere to quarterly timelines to ensure SEC reporting deadlines are met
Perform research regarding new accounting standards and policies
Perform research and document proper accounting treatment for technical accounting issues, such as lease accounting, revenue recognition, and share-based compensation
Skilled problem solver with ability to identify tax and accounting risk issues, think strategically, add perspective, and recommend solutions while focusing on tax minimization with integrity
Ability to analyze data and compare multiple variables while making sound business decisions
Ability to learn and integrate tax software systems and solutions quickly
Compliance Accountant Examples
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Compliance Accountant Job Description
Job Description Example
Our growing company is hiring for a compliance accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance accountant
- Maintaining and managing the systems which the firm uses to facilitate adherence to various compliance regulations, including oversight of data within these systems
- Manipulating and analysing data quickly and efficiently, with extensive use of formulae, pivot tables, v-Lookups and other Excel functions to produce reports required by the business and its Regulators
- Producing reports with input from the wider team and ensuring that all reports are prepared in accordance with required quality standards and deadlines
- Working with Audit Quality Risk Management (AQRM) to oversee the transfer and implementation of new processes
- Delegating and overseeing work, assisting with developing the team and dealing with various aspects of people management
- Working with other parts of Quality & Risk Operations on audit related projects where auditing and client facing engagement team experience can add value
- Providing ad-hoc support to the wider Risk Management organisation when required
- Support to our shared service center
- Support shared service center in case of issues, escalations, accounting adjustments
- Support SSC Brno on AR, AP, GL and FA process improvement
Qualifications for compliance accountant
- Work on accounting of newly acquired entities
- Prepare and analyze financial statements and manage compliance reporting
- Ensure that reconciliations, the close process, and monthly close reports are completed fully, on time and of the highest standard
- Manage the delivery of the accounting processes performed by an external Business Process Outsource vendor ensuring that all service levels are met, the internal control environment is robust and a quality service is provided
- Develop in-depth knowledge of tools and applications in support of the accounting function and highlight opportunities for improvement and lead projects that will yield efficiency through automation, standardization and outsourcing
- Represent Accounting and Controls with our key business partners through effective communication with Payroll, AP, AR Financial Planning and US GAAP team
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Compliance Accountant Job Description
Job Description Example
Our innovative and growing company is hiring for a compliance accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for compliance accountant
- Support external auditors with their audit of internal controls over financial reporting and work directly with external auditors to ensure testing standards and deadlines for reliance are met
- Perform quality check (audit) on balance sheet reconciliation
- Ensure correct payroll accounting and compliance
- Prepare the statutory adjustments and annual report
- Prepare the statutory supporting- & movement schedules (specifications)
- Maintain correct USGAAP – LOCAL GAAP mapping
- Support interim and statutory audit
- Prepare the documentation of internal controls
- Prepare tax calculations
- Perform checks on VAT returns and compliance
Qualifications for compliance accountant
- Solid understanding of local and US GAAP
- Experience with VAT and intrastat filing within Europe
- Ability to manage and adapt to regular changes
- Prepare US TAX packages
- Maintain SAP tax depreciation modules (commercial versus tax)
- Assist in projects and provide local support
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Compliance Accountant Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of compliance accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for compliance accountant
- Perform process reviews, as needed, to identify improvements that will reduce manual controls and improve control effectiveness and efficiency while reducing the cost of compliance
- Assist with financial compliance training throughout all levels of the organization – from Management to staff
- Prepares timely and accurate sales and use tax filings for numerous state and local jurisdictions
- Researches sales and use tax laws and rulings
- Reconciles sales tax general ledger accounts and prepares applicable journal entries
- Reviews and responds to governmental notices
- State & Local Occupational Licenses, Annual Reports, & Franchise Tax Reports
- Assist with Property Tax Reports for all states and local jurisdictions
- Counsel accounts payable on Use Tax Accrual Procedures, counsel Billing Department on Sales Tax Procedures
- Counsel Payroll Department on annual W-2 preparation and reporting, and tax law changes affecting these areas
Qualifications for compliance accountant
- Completion of UK statutory accounts under IFRS and completion of UK worldwide group consolidation
- Maintain and provide business support for the Sarbanes Oxley requirements for the UK Group and selected overseas Subsidiaries
- Management/involvement of month end and close process, specifically related to overseas subsidiaries
- Assist the Tax team with work related to the Company’s tax return completion
- Provide cover for Treasury day-to-day cash flow activities
- Maintenance of Accounting Policy documents
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Compliance Accountant Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of compliance accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compliance accountant
- State, local, and federal withholding and unemployment tax payments
- Quarterly and annual federal, state and local employment tax reports
- Supplemental (non-cash) W-2's
- Administer the reporting of hazardous waste tax returns
- Advise and review sales tax returns and general ledger accounts
- Oversight of all international tax compliance
- Compilation of data for all Federal and State Corporate income tax filings
- Coordinate all tax audits and comply with requests from regulatory agencies
- Preparation and filing of annual Form 5500 on 401k and benefit plans
- Department of Defense reporting
Qualifications for compliance accountant
- 4+ years’ experience in public accounting or industry with exposure to SOX/internal controls testing/auditing of mid-size and larger publicly-traded companies
- Demonstrated proficiency with Excel, Access and utilizing Oracle G/L
- Two (2)+ years of experience in accounting, bookkeeping, or related field, preferred
- Knowledge of accounting and bookkeeping principles related to classifying, recording, and summarizing data and making computations to compile and keep financial records
- High attention to detail and ability follow directions and procedures, provide up-to-date records on status of all clients at all times
- Ability to meet our client service expectations by providing superior communication internally and externally
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Compliance Accountant Job Description
Job Description Example
Our innovative and growing company is looking for a compliance accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compliance accountant
- Preparation of reconciliations of tax-related accounts
- Planning for year-end property tax reporting and meetings with local Tax Assessors to mitigate exposure
- Assist in the integration and ongoing administration of financial and compliance control programs, including a major system conversion in 2017
- Assist in the development and documentation of control audit related policies
- Partner with process owners by providing guidance and assistance with updating and improving internal control process documentation
- Execute financial controls testing for SOX 404 (financial and technology) and 17a-5 internal controls over compliance
- Provide written and verbal reporting on the results of testing and assist process owners with remediation of identified deficiencies
- Perform reoccurring quarterly SOX procedures
- Support our external audit firm in other audits and perform special projects as assigned by management
- Assist in the training and development of staff and manage a summer intern
Qualifications for compliance accountant
- Computer skills (Microsoft Windows – Excel
- Knowledge and experience with IT auditing (ITGC, application controls)
- Experience with and solid understanding of the Sarbanes Oxley Act and/or understanding of internal control concepts is required
- 4 year Accounting degree is required
- CPA or CIA designation is considered a strong plus
- Minimum of 4 years of audit and/or public accounting experience is required