Accounting Manager Job Description

An accounting manager is a professional responsible for overseeing the accounting functions within an organization. Their role is crucial in managing financial records, ensuring compliance with accounting principles and standards, and providing accurate and timely financial information for decision-making.

In this article, we will be discussing the job description (JD) of the Accounting Manager.

Who is an Accounting Manager?

An accounting manager is a qualified accountant who works for a company’s accounting department. An accounting manager’s main duties include supervising the business’s finances, guaranteeing accurate and timely financial reporting, and leading a group of accountants. Accounting managers are responsible for preparing and presenting financial reports, including income statements, balance sheets, and cash flow statements. They ensure accuracy and compliance with accounting regulations. They participate in the budgeting process, helping to develop financial plans and forecasts. Accounting managers work with other departments to set budgetary goals and monitor performance against these goals.

Accounting Manager Job Description Template

About the Company: We are looking for an accounting manager with a great deal of expertise. A strategic thinker with experience leading teams and managing finances is what we’re looking for in an applicant. In addition to ensuring accuracy in financial reporting and contributing to the overall financial success of the organization, the Accounting Manager will assume a critical role in managing our accounting operations.

• Designation: Accounting Manager
• Educational Qualification: Bachelors/Masters in Accounting
• Required Experience: 3+ years of relevant experience
• Salary: Negotiable

Accounting Manager Roles and Responsibilities

• Accounting managers are in charge of the company’s overall financial stability. To give a complete picture of the company’s financial situation, they supervise the creation of budgets, reports, and financial statements.
• Accounting managers oversee and guide a group of financial experts and accountants. They offer direction, encouragement, and mentorship to guarantee the team’s productivity and success in achieving company objectives.
• To guarantee adherence to industry rules and accounting standards, accounting managers create and carry out accounting policies and procedures. To make sure the business’s financial procedures continue to comply with legal requirements, they keep up with any changes to the regulations.
• Professionals in this field are essential to the field of strategic financial planning. They work together with the executive team to deliver financial.
• Accounting managers are responsible for creating and executing accounting policies and procedures that guarantee adherence to industry rules and accounting guidelines. They keep abreast of regulatory changes to make sure the business’s financial procedures continue to comply with the law.
• These experts are essential to the process of strategic financial planning. Together with executive leadership, they offer financial.
• Accounting managers find ways to enhance the accounting function’s processes. They put adjustments into place to improve financial operations’ overall efficacy, accuracy, and efficiency.

Accounting Manager Requirements & Skills

• Accounting, finance, or a similar field as a bachelor’s degree. Professional certifications like CPA (Certified Public Accountant) or CMA (Certified Management Accountant) or a master’s degree may be preferred or required for some positions.
• Years of increasing experience in accounting positions, primarily in management and leadership capacities.
• Prior expertise in budgeting, financial reporting, and operations management.
• Solid knowledge of financial regulations, compliance requirements, and accounting principles.
• Demonstrated leadership skills, including the capacity to manage and grow a group of accounting experts.
• Interpersonal and effective communication abilities to work with senior management and cross-functional teams.
• Analytical Proficiency
• Strong analytical and problem-solving abilities to evaluate financial information and offer strategic recommendations.

Working Hours

• Accountants work 40 hours a day, and accountants frequently work overtime during their busiest times of the year.
• The term “busy season” refers to certain periods of the year when their clientele grows significantly and they have more stringent deadlines for their work.

Benefits

• Competitive Pay: Bonuses for Performance
• Health Benefits
• Retirement Schemes
• Time Off With Pay (PTO)
• Adaptable Work Schedules
• Opportunities for Career Advancement and Professional Development
• Assistance with Relocation
• Business Rebates

Work Location: Noida

What Tools does the Accounting Manager use?

Accounting managers efficiently manage financial data, optimize workflows, and guarantee accurate reporting by utilizing an array of tools and software. The particular tools may differ according to the industry, size, and preferences of the organization. The following are some typical tools that accounting managers use,

1. Software for Accounting: Quickbooks, Xero, SAP, Oracle Financials, and Microsoft Dynamics.

2. ERP Systems, or Enterprise Resource Planning: SAP ERP or Oracle ERP.

3. Sheets: Excel Sheets and Google Sheets

4. Tools for Managing Expenses: Expensify and Concur

5. Software for Payroll: ADP and Paychex

6. Systems for Managing Documents: Docuware and M-Files

7. Financial Reporting Tools: Tableau and Power BI

How much Salary does an Accounting Manager Make?

An Accounting Manager’s salary range in India is ₹2.4 Lakhs to ₹16 Lakhs, with an average of ₹8.6 Lakhs per year. The ₹74.2k most recent salaries that account managers have provided are the basis for salary estimates. The figures mentioned here may not accurately reflect the state of the market at this time due to salary variations by country, region, and industry.

Top Companies Hiring an Accounting Manager

Businesses employing managers of accounting. I can, however, give you a list of a few well-known businesses from a variety of sectors that frequently employ accounting specialists, including accounting managers. Remember that the job market is always changing, so to find the most recent information, it’s best to visit company websites and job listings.

• Deloitte
• PeerwaterhouseCoopers, or PwC
• Ernst and Young (EY)
• KPMG Inc.
• Kindle
• Windows
• Google P&G (Procter & Gamble)
• Johnson & Johnson
• GE, or General Electric
• Xerox
• JPMorgan Bank
• Morgan Stanley
• The Coca-Cola
• Lenovo

Accounting Manager – FAQs

What is the role of an accounting manager?

An accounting manager is in charge of all financial operations, including compliance, financial reporting, and budgeting. They oversee the accounting staff, guarantee proper documentation, and participate in calculated financial choices.

Which credentials are usually necessary for a position as an accounting manager?

Several years of accounting experience, a bachelor’s degree in accounting or finance, and pertinent professional certifications (such as the CPA or CMA) are often prerequisites. Strong leadership and analytical abilities are also crucial.

Which accounting program do accounting managers typically use?

The most popular accounting programs are Sage Intacct, Xero, and QuickBooks. ERP programs, like SAP or Oracle Financials are sometimes used by larger companies.

What is the average salary of an accounting manager?

An Accounting Manager’s salary range in India is ₹2.4 Lakhs to ₹16 Lakhs, with an average of ₹8.6 Lakhs per year.