What does an accounting manager do?
An accounting manager prepares operating budgets and financial forecasts, making it easier for other department heads to make data-driven decisions. They develop and implement internal controls, which reduces the risk of fraud and may help improve compliance.
Accounting managers also track expenses and create cash-flow forecasts, which helps other employees control costs, negotiate favorable terms with vendors and allocate resources effectively. This is a managerial role, so an accounting manager also uses leadership skills to mentor team members and help them achieve their goals.
Accounting manager skills and qualifications
Strong candidates often demonstrate communication skills, attention to detail and strong leadership qualities, which may be important for success in this role. Critical thinking and ethical judgment are also valuable competencies that set top candidates apart.
Skills commonly listed in accounting manager job description templates include:
- Ability to prepare detailed financial statements and reports
- Proficiency with accounting software and enterprise resource planning (ERP) systems
- Competence in analyzing costs and managing cash flow
- Knowledge of state and federal compliance requirements
- Excellent time-management and organizational skills
- Skill in coaching and mentoring employees
- Ability to identify and resolve complex financial issues
Accounting manager experience requirements
If your company follows a skills-first hiring strategy, consider searching for candidates who demonstrate analytical skills, attention to detail and adaptability. Candidates can gain these and other soft skills in related roles.
You may want to emphasize transferable skills in your accounting manager job descriptions. For example, candidates may have well-developed analytical skills from previous accounting experience, such as a bookkeeper or accounts payable specialist role.
Accounting manager education and training requirements
An accounting manager typically has a bachelor’s degree in accounting, finance, business administration or a related discipline. However, it’s possible to become an accounting manager by demonstrating progressive responsibility in the accounting field. Therefore, you may want to prioritize practical skills, such as the ability to create budgets, rather than formal degrees.
Candidates can also learn how to use the required software on the job or by enrolling in free online courses. For example, Microsoft Learn offers self-paced courses in Microsoft Excel, business intelligence and other relevant topics.
Accounting manager salary expectations
According to Indeed Salaries, the average salary for an accounting manager is $95,460 per year. The salary may vary according to location, candidate experience, employer size and other factors.
Job description samples for similar positions
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