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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