Accounting Manager Job Description: Top Duties and Qualifications

An Accounting Manager, or Accounting Supervisor oversees and manages accounting teams in specific departments. They work under the heads of finances to ensure the accounts are finalised within set deadlines and according to a company’s accounting regulations. Their duties include analysing and auditing financial reports, maintaining financial records and implementing financial reporting systems.

 

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Accounting Managers duties and responsibilities

An Accounting Manager handles various duties and responsibilities in a company that may require them to work across different departments and take on several tasks within the accounting and finance niche. Their main responsibilities include:

  • Assigning accounting tasks or projects to a company’s finance and accounting staff
  • Developing a company’s financial and accounting policies, workflows and methods after consultations with heads of finance
  • Managing a team of Accountants working on a company’s projects
  • Auditing accounts to ensure they comply with the company’s policy regulations and the nation’s laws
  • Providing all accounting and financial reports and documents needed by the company’s external auditors
  • Evaluating a company’s financial transactions to ensure they comply with generally accepted accounting principles (GAAP)
  • Calculating and filing corporate tax returns for the company to the nation’s revenue authorities
  • Reviewing financial statements to pinpoint possible fraud and errors

 

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What does an Accounting Manager do?

An Accounting Manager supervises the daily activities of a company’s accounts and finance department staff. They also monitor the prepared financial and accounts reports to ensure they are accurate and comply with the company’s accounting policies. Accounting Managers give fiscal advice to department heads on issues like salary payroll preparation, budgeting and expenses so that a company’s finances are well spent. They prepare financial plans with heads or Directors of Finances when a company is implementing new projects.

 

Accounting Managers skills and qualifications

A successful Accounting Manager candidate will have various prerequisite skills and qualifications to be successful, these include:

  • Leadership and people management skills
  • Mathematical and computer skills
  • Organisational and multitasking skills
  • Excellent verbal and written skills
  • Communication and persuasive skills
  • Time management and planning skills
  • Financial analysis and problem-solving skills
  • Adaptability and strategic outlook skills

 

Accounting Manager experience requirements

Accounting Managers should have five to eight years of experience in various accounting and finance roles. This enables them to work across different departments in any company. Employers prefer hiring candidates with varied skills, such as auditing, taxation, public management and cost accounting, corporate budgeting, financial reporting or fund management.

 

Accounting Manager education and training requirements

Accounting Managers need to have at least an accounting bachelor’s degree. They also qualify if they have degrees in either finance, business, business administration or economics, plus a Certified Public Accountants (CPA), Association of Chartered Certified Accountant (ACCA) or Certified Management Accountant (CMA) licence. Candidates with a master’s degree in accounting can also handle management roles in companies as it equips them with leadership and management skills.

 

Accounting Manager salary expectations

According to Indeed Salaries, an Accounting Manager in the UK earns an average salary of £49,929 per year. The salary may depend on several factors, such as a candidate’s experience, education and geographical location.

 

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Accounting Manager job description FAQs

 

What is the difference between an Accounting Manager and Controller?

An Accounting Manager and Accounting Controller have different roles in a company. The Controller heads a company’s entire accounting department, while an Accounting Manager oversees specific accounting departments. The Controller is senior in job rank compared to the Accounting Manager in a company.

 

What makes a good Accounting Manager?

A good Accounting Manager advises companies’ executives soundly when financial decisions are being made. They also advise companies on how to adjust strategic goals in order to adapt to prevailing financial trends and suggest solutions to financial problems that may arise. They set job targets for the accounting departments they oversee. Accounting Managers also help a company to recruit qualified accounting staff by sitting in on job interviews to determine the professional suitability of potential employees.

 

What are the roles of an Accounting Manager?

Accounting Managers assist in budget planning and allocation for each of a company’s departments and ongoing projects. They supervise accounting and financial records like payroll and utilities, cash receipts and forecasting, revenue, accounts receivables and payables, expenditure and general ledger. Accounting Managers also prepare and present accounting key performance indicators that help a company or organisation’s stakeholders to set strategic goals. They also train new employees.

Who does an Accounting Manager report to?

In a company or organisation, an Accounting Manager reports to either the Chief Financial Officer or Financial Controller.

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