What does an Accounting Manager do?
Accounting Managers are an essential part of a financial management team, overseeing organizational systems for gathering data, analyzing information, confirming the accuracy of their staff’s reports and provide recommendations for improving accounting methods. An important part of an Accounting Manager’s role is understanding all types of financial operations at a company and how they work together including debts, assets, cash forecasting, payroll, capital assets and revenue analysis. They guide the implementation of new financial initiatives and generate reports to share progress with their team. Accounting Managers can make suggestions on overall company strategies to meet goals about their financial transactions.
Accounting Manager skills and qualifications
A successful Accounting Manager candidate will have various prerequisite skills and qualifications needed for the job duties. Here are some of them.
Examples of Accounting Manager skills include:
Great interpersonal and verbal communication skills
Sound knowledge of accounting principles, standards and regulations
Experience in working with accounting software and databases
Superior data management and data analysis skills
Strong time management and organizational skills
Detail-oriented with a passion for accuracy
Two or more years of work experience as Accounting Manager or Finance Manager
Bachelor’s degree or higher in Accounting, Finance or related field
Accounting Manager salary expectations
An Accounting Manager earns an average salary of $80,354 per year and has a typical work tenure of two to four years. Indeed has based salary estimates on 6,986 salaries gathered in the last 36 months from current and past Indeed job advertisements as well as from anonymous input from site users and people working as Accounting Managers.
Accounting Manager education and training requirements
A bachelor’s degree in accounting, finance or related field is a minimum requirement for entry-level Accounting Manager jobs. For more advanced positions, employers typically require candidates to have a master’s degree or higher and at least two to five years of work experience in a managerial or supervisory capacity. Accounting Managers may get continuing education certifications from accredited institutions to update their skills and advance their careers. Many employers show a preference for candidates with such voluntary certifications as they are likely to have up-to-date accounting knowledge as well as a strong work ethic.
Accounting Manager experience requirements
In entry-level positions, Accounting Managers will work under the direction of senior accounting managers, accounting directors or a company’s financial team. They may move on to handle more challenging managerial duties within the same company or with another one after they have gained two to five years of professional accounting experience.
More advanced Accounting Manager candidates will have staff supervisory experience as well as experience in preparing general ledgers, financial reports, budgetary reports and financial forecasting. They will work with the company’s executive director, finance director, chief financial officer and other senior management executives to improve the financial reporting and develop more efficient workflow processes.
Job description samples for similar positions
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