Head Of Accounting Job Description Template
As the Head of Accounting, you will lead our accounting team and manage the overall financial health of the organization. This position involves ensuring compliance with accounting standards, implementing efficient procedures, and providing insightful financial analysis to support business decisions.
Responsibilities
- Oversee all accounting operations, including billing, A/R, A/P, GL, and revenue recognition
- Coordinate and direct the preparation of the budget and financial forecasts
- Ensure timely and accurate financial reporting
- Ensure compliance with GAAP and other regulatory requirements
- Develop and monitor policies and procedures to ensure effective financial controls
- Support month-end and year-end close processes
- Manage and mentor the accounting team
- Collaborate with auditors to ensure successful audit results and compliance
- Provide strategic financial input to senior management
- Continuously improve accounting processes and systems
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field (Master’s preferred)
- CPA certification required
- 10+ years of progressive accounting experience
- Proven experience in managing an accounting team
- In-depth knowledge of GAAP and financial reporting standards
- Strong understanding of business principles and practices
- Excellent analytical and problem-solving skills
- Superior leadership and management skills
Skills
- Advanced Microsoft Excel
- ERP systems (e.g., SAP, Oracle)
- Financial analysis
- Budget management
- Regulatory compliance
- Risk management
- Strategic planning
- Team leadership
Frequently Asked Questions
A Head of Accounting oversees the financial operations within a company, ensuring accuracy in financial reporting, compliance with regulations, and effective budgeting. They lead the accounting team, manage financial statements, and provide strategic financial advice. Their role is crucial in shaping financial policies and guiding decision-making processes. Expertise in financial software and systems is also often required to enhance operational efficiencies.
To become a Head of Accounting, one typically needs a combination of advanced education and extensive experience in finance or accounting. A bachelor's degree in accounting, finance, or a related field is essential, followed by a CPA or CMA certification. Many Heads of Accounting have a master's degree, such as an MBA. Around 10+ years of experience in progressive accounting roles, demonstrating leadership and strategic planning abilities, is often required.
The average salary for a Head of Accounting varies based on factors such as industry, location, and company size. Typically, this role commands a high salary due to the level of responsibility and expertise required. Salaries may include a base pay along with bonuses or profit sharing, reflecting the strategic impact that this position has on a company's financial health. Compensation packages may also include benefits like stock options or retirement plans.
Qualifications for a Head of Accounting generally include a bachelor's degree in accounting or finance, and a professional certification like a CPA or CMA is often preferred. Advanced qualifications such as a master's degree in business administration (MBA) can enhance prospects. Practical experience, particularly in leadership roles within finance, is crucial, along with strong analytical, communication, and decision-making skills that support high-level financial strategy and operations.
A successful Head of Accounting needs strong leadership and analytical skills to manage a team and interpret complex financial data. They must ensure compliance with financial regulations and standards, maintain accurate books, and forecast financial trends. Responsibilities include advising on cost control, profitability improvement, and financial risk management. Proficiency in financial software, excellent communication skills, and the ability to work cross-functionally are also essential.