Financial Accounting Job Description
Financial accounting
provides accounting advice under UK GAAP (FRS 101) to the wider Finance team to ensure accounting standards are applied.
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:
To provide analytical and financial support to the CFO in relation to all finance duties within the main finance function and across all business areas
Oversees daily accounting and finance functions and looks for ways to improve efficiency and eliminate non-value-added activities
Manages the accounting/financial staff and operations of a financial services department, or large financial unit in an administrative or auxiliary division or department
Directly or indirectly supervises all assigned subordinate staff, usually through multiple layers of supervisors
Plans and administers departmental budget
Monitors, reviews and verifies accounting records and transactions for accuracy, timeliness and adequacy of supporting documentation
Oversees account reconciliations and production of regularly scheduled summary reports, income and financial statements for assigned accounting operations
Supervises the collection and formatting of financial data for special management studies and requests
Coordinates the development and maintenance of electronic systems and procedures
Examines and evaluates internal methods and procedures for adequacy of controls
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:
Industry standards and regulations
COSO internal control framework and a solid understanding of the concepts of control design and operational efficiency
US GAAP
Microsoft Office
Finance
Accounting concepts
GAAP
Excel
SAP
Accounting under IFRS
Desired experience for financial accounting includes:
Coordinate with FP&A in the preparation of the monthly forecast for P&L, cash and balance sheet
Develop policies/procedures for new businesses as they arise
Minimum 7 years experience in accounting (public, private or both)
Previous experience with Financial Planning and consolidation strongly preferred
Knowledge of generally accepted accounting principles, preferably in an international environment dealing with currency translation and exchange issues
Must possess quantitative analysis skills
Financial Accounting Examples
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Financial Accounting Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of financial accounting. 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 financial accounting
- 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
Qualifications for financial accounting
- 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)
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Financial Accounting Job Description
Job Description Example
Our growing company is hiring for a financial accounting. 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 financial accounting
- 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
Qualifications for financial accounting
- 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
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Financial Accounting Job Description
Job Description Example
Our company is looking for a financial accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial accounting
- 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
Qualifications for financial accounting
- 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
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Financial Accounting Job Description
Job Description Example
Our innovative and growing company is hiring for a financial accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial accounting
- 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
Qualifications for financial accounting
- 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
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Financial Accounting Job Description
Job Description Example
Our company is hiring for a financial accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial accounting
- 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
Qualifications for financial accounting
- 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