Financial Accounting Analyst Job Description

Financial Accounting Analyst Job Description

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Financial accounting analyst provides subject matter expertise on technical accounting and SOX internal control matters to ensure conformity with Company policies and generally accepted accounting principles.

Financial Accounting Analyst Duties & Responsibilities

To write an effective financial accounting analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included financial accounting analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

You will ensure alignment of accounting processes with US GAAP and Sarbanes-Oxley requirements
Preparation of regular and ad hoc inventory reports
Preparation of annual budget for Morton Grove non-operating cost centers
Monthly reporting of expenses for Morton Grove non-operating cost centers
Prepare pension and 401(k) plan financial statements
Monitor (monthly) plan investment statements
Partner with Senior Accounting Policy Analysts to monitor emerging accounting and financial reporting developments
Support insurance renewal submissions
Maintain insurance reporting and presentations
Assess accounting best practices for new and existing activities and transaction flows

Financial Accounting Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Financial Accounting Analyst

List any licenses or certifications required by the position: CPA, CMA, MBA, CIA, SOX, MCS, DATG, GL

Education for Financial Accounting Analyst

Typically a job would require a certain level of education.

Employers hiring for the financial accounting analyst 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, Business/Administration, Education, MBA, Communication, Economics, English, Business/Accounting

Skills for Financial Accounting Analyst

Desired skills for financial accounting analyst include:

SAP and Hyperion
GAAP
Accounting and finance principles
Act as a subject matter expert for any queries relating to financial statements
Foreign-owned parent company
SAP desired
Statutory accounting principles
PowerPoint
Relevant IFRS
U.S. Generally Accepted Accounting Principles

Desired experience for financial accounting analyst includes:

Pursuing full time Bachelor’s degree in accounting
Bachelors degree in Accounting, Finance or a directly related field
1-3 years previous experience in accounting/finance
Proven knowledge and experience with inventory transactions
Basic understanding of accounts payable and experience working directly with vendors
Experience in preparing annual expense budgets

Financial Accounting Analyst Examples

1

Financial Accounting Analyst Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of financial accounting analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial accounting analyst
  • Liaise with the external auditors on certain entities
  • Liaise with the tax preparers to ensure deadlines are met
  • Supply corporate accounting with support for month-end close
  • Analyzing and maintaining control over intercompany and third party transactions
  • Financial disclosures (SFAS 157, 161)
  • Regulatory reporting duties
  • Provide accounting administrative support and training as needed
  • Coordinate the preparation of all Corporate Reporting requirements to meet strict corporate reporting deadlines
  • Your main responsibility will be the accounting and controlling of the Johnson and Johnson European treasury centers
  • You will be responsible for the reporting and controls of treasury accounting for the Johnson and Johnson treasury centers
Qualifications for financial accounting analyst
  • We’re looking for someone who has a Bachelor’s degree in Accounting, along with at least 3 years experience working in a fast-paced accounting environment within a large company
  • Develop financial accounting acumen and expertise associated with assigned areas of responsibility
  • Build leadership skills
  • You will work cross departmental in projects and daily work with all other treasury teams
  • You are co-responsible for identifying and implementing continuous improvements in order to optimize the accounting processes
  • 3-5 years of business experience in public accounting, corporate accounting, or payroll accounting, strongly preferred
2

Financial Accounting Analyst Job Description

Job Description Example
Our growing company is looking to fill the role of financial accounting analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial accounting analyst
  • Ensure accurate and timely legal entity accounting and analysis
  • Complete and / or review assigned balance sheet reconciliations and month end control activities within required timelines
  • Maintain strong internal controls and ensure continued compliance with SOX
  • Actively participating in continuous improvement, standardization and re-engineering of processes and controls and implementation of best practices
  • Utilizing strong technical accounting knowledge in order to arrive to and document accounting conclusions
  • Preparing and reviewing monthly balance sheet account reconciliations, journal entries, accruals
  • Preparing data analysis and supporting schedules required in an audit processes
  • Taking active part in international accounting and cross-functional projects from scoping through to
  • Take part in global process improvement projects
  • Support Treasury in bank reconciliations
Qualifications for financial accounting analyst
  • Perform compliance approval on all marketing spend
  • Assist with new user training and work closely with internal and external system support to resolve system issues
  • Timely budget adjustments for approved incremental funds or budget cuts
  • Ad-hoc analysis and reporting to support business needs
  • BS in Finance, Accounting, or other analytical field
  • CPA or CMA certification preferred and may be required for some positions
3

Financial Accounting Analyst Job Description

Job Description Example
Our growing company is hiring for a financial accounting analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial accounting analyst
  • Support Senior Analysts with data gathering and summaries of product performance overviews
  • Support preparation, review and validation of corporate financial statement on a monthly basis and assist in the monthly, quarterly and yearly close
  • Support the monthly closing of the corporate ledgers, including preparation of monthly closing journal entries, importing of transactions from source systems, and posting of ledgers
  • Prepare and assist the general ledger account reconciliation preparation and review process
  • Prepare necessary reports and analyses to internal and external auditors during the financial audit
  • Provides budget training and guidelines to budget holders for assigned categories
  • Co-administers the Comshare MPC (Management, Planning and Control) System
  • Completes monthly management and budget variance reporting for assigned categories
  • Develops and co-ordinates the budgeting process for assigned categories
  • Provides MPC technical guidance to Budget Team Members
Qualifications for financial accounting analyst
  • Strong and advanced knowledge of Excel (Vlookup
  • Working knowledge of JD Edwards or equivalent Real Estate asset management software is an advantage
  • Required proficiency in PC based word processing and spreadsheet applications, including advanced functions such as graphics
  • Organization, preferably in the financial services industry
  • 3 – 5 years financial accounting and analysis experience or equivalent
  • Designated accountant (CGA, CMA or CA) or in process of attaining a designation
4

Financial Accounting Analyst Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of financial accounting analyst. 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 analyst
  • Based in our Hollywood, CA office, reporting to the Manager, Studio Operations (Content Accounting)
  • Cross functional support for Content Accounting, Content Planning and Analysis, Data Engineering and Analytics and Science & Algorithms
  • Prepare and create models to support amortization policy for owned and licensed content
  • Interpret contractual language and identify proper application of existing accounting policies
  • Assist with the preparation of quarterly reporting packages to senior management
  • Prepare/develop metrics and analysis in support of the content accounting team
  • Migrate from existing to new financial systems
  • Query systems for ad-hoc reports
  • You will prepare account reconciliations after month-end-close
  • You will support Balance Sheet Review process (BSR)
Qualifications for financial accounting analyst
  • Minimum 3 years related work experience (preferably 4+ years)
  • Advanced technical proficiency with Excel
  • Strong written and verbal communication skills, as this role interacts with the BPO, the business unit, and various corporate functions
  • 2-6 years of business experience in public accounting, corporate accounting, financial accounting, Cost Accounting
  • SAP (and its reporting tools) experience preferred
  • Database experience a strong plus
5

Financial Accounting Analyst Job Description

Job Description Example
Our company is searching for experienced candidates for the position of financial accounting analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial accounting analyst
  • Collaborating in the preparation of balance sheet and income statement variance analysis
  • Advanced use of the financial reporting software
  • All aspects of regulatory reporting
  • Working closely with our external auditors
  • Review labor and cost overhead variances
  • Perform inventory adjustments, reserve calculations, and prepare journal entries as required
  • Prepare lower of cost or market, obsolescence and scrap calculations
  • Review site physical inventory count process, procedures and training
  • Assist with the physical inventory counts and prepare site inventory reports
  • Review site inventory reports, analyze variances, and prepare inventory adjustments as necessary
Qualifications for financial accounting analyst
  • They will be a confident and proficient communicator, comfortable with dealing with a variety of staff
  • Process orientated and results driven
  • Experience within the IT services sector and contract accounting would be useful but is not a pre-requisite
  • Experience of working in a Shared Service environment would be useful but is not a pre-requisite
  • Experience with using PeopleSoft and Hyperion Financial Management would be useful but is not a pre-requisite
  • Degree in Accounting or ACCA or equivalent

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