Accounts & Finance (US GAAP) Job Description Template
This role involves managing financial records, ensuring compliance with US GAAP, preparing and analyzing financial statements, and providing strategic advice to support informed decision-making. The candidate will work closely with senior management and various departments.
Responsibilities
- Prepare and analyze financial statements in compliance with US GAAP.
- Oversee day-to-day financial operations and ensure accurate bookkeeping.
- Conduct quarterly and annual financial audits.
- Develop and implement financial policies and procedures.
- Monitor and manage cash flow and financial planning.
- Coordinate with external auditors and regulatory bodies.
- Provide strategic financial advice to senior management.
- Ensure compliance with tax regulations and financial reporting standards.
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field.
- Certified Public Accountant (CPA) designation is preferred.
- Minimum of 5 years experience in finance or accounting roles.
- Strong understanding of US GAAP and financial reporting.
- Proven experience in financial analysis and strategic planning.
- Excellent attention to detail and analytical skills.
Skills
- Financial Reporting
- US GAAP
- CPA
- Financial Analysis
- Excel
- SAP
- QuickBooks
- Tax Compliance
- Strategic Financial Planning
- Audit Management
Frequently Asked Questions
An Accounts & Finance professional focusing on US GAAP ensures that financial records and statements are prepared according to the Generally Accepted Accounting Principles. Their duties include conducting financial audits, managing taxation, preparing balance sheets, and analyzing financial data to advise corporate management. These professionals play a critical role in maintaining transparency and compliance in financial reporting.
To become an Accounts & Finance expert in US GAAP, individuals typically need a bachelor's degree in accounting or finance, followed by certifications such as CPA or CMA. Gaining experience in accounting roles and familiarizing oneself with US GAAP standards through specialized courses can enhance expertise. Continuous learning and keeping up-to-date with changes in regulations are also essential.
The average salary for an Accounts & Finance professional with US GAAP expertise varies based on factors such as location, experience, and company size. Generally, these professionals can expect competitive compensation, with entry-level positions offering substantial growth potential. Senior roles often command higher salaries as they involve greater responsibility and specialized knowledge.
A career in Accounts & Finance with a US GAAP focus typically requires a bachelor's degree in accounting, finance, or a related field. Professional certifications like Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) are highly beneficial. Employers often seek candidates with strong analytical skills, attention to detail, and a thorough understanding of accounting principles and regulations.
Accounts & Finance professionals specializing in US GAAP need strong analytical skills, proficiency in financial software, and an understanding of financial regulations. Responsibilities include preparing financial statements, managing audits, ensuring compliance with US GAAP standards, and advising management on financial performance. Effective communication and problem-solving skills are also crucial in this role.