What does a Junior Accountant do?
Junior Accountants are financial professionals just starting out in the accounting field. They typically work under the Accountant within a company and assist in managing the day-to-day financial operations to keep a business financially stable. They’ll work closely with the management teams and other team leads to prepare budgets that work best for each department and the overall company.
A Junior Accountant reviews the organizational financial guidelines and procedures to ensure the business is following the proper state and federal regulations. If any accounts payable and receivable questions or issues appear, the Junior Accountant addresses them and works to resolve the problem. They also develop monthly financial statements regarding the company’s profits, loss statements and balance sheets.
Junior Accountant skills and qualifications
The skills and qualifications of the Junior Accountant include the following:
- Attention to detail: The Junior Accountant will have to reconcile accounts, noticing any discrepancies and miscalculations. This requires strong observation skills and keen attention to detail. Incorrect information can throw a budget off track and cause incorrect reporting.
- Problem-solving skills: Junior Accountants work closely with the accounting team and upper management. The ability to identify a problem and resolve it appropriately is critical to resolving potential mistakes. Reconciling accounts requires a comparison between reports, accounts and line items. Locating a discrepancy and resolving the error is easiest when you can identify the problem and take the steps to resolve it without excessive time spent.
- Skill with technology: Junior Accountants will benefit most from being adept with technology. Accounting software, spreadsheet programs and standard email are all key elements in this type of work. Being comfortable with these programs will enable the candidate to succeed as a Junior Accountant.
- Communication: Because Junior Accountants interact with multiple staff members, the ability to communicate clearly and effectively is beneficial to a productive individual. Phone conversations, written communication via email and formal letters, as well as in-person meetings all require the Junior Accountant to have the ability to convey their ideas, concerns and solutions.
Junior Accountant Salary Expectations
A Junior Accountant makes an average of $48,477 per year. Pay rate may depend on level of experience, education and the geographical location.
Junior Accountant education and training requirements
Junior Accountants typically have a bachelor’s degree or specific certification in their field of expertise. A bachelor’s degree in accounting or finance is sufficient for most employers, but additional certifications would be needed in order to eventually promote to CPA or CFO.
Junior Accountant experience requirements
While a Junior Accountant starts as an entry-level position with a bachelor’s degree requirement, previous experience is helpful for faster promotion potential and a better grasp of work responsibilities. This does depend on the company posting the position as some may prefer a number of years of experience, while others may opt to train in-house.
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