Manager - Finance and Accounts Job Description Template
The Manager - Finance and Accounts is responsible for overseeing the financial health of the organization by managing accounting and finance operations, preparing financial reports, and ensuring compliance with financial regulations and standards. This role demands a strategic mindset and a keen eye for detail.
Responsibilities
- Oversee and manage the general accounting functions, including accounts payable, accounts receivable, general ledger, and taxes.
- Prepare, review, and analyze financial statements and reports.
- Ensure compliance with accounting policies, regulations, and guidelines.
- Develop and implement financial strategies and plans.
- Manage month-end and year-end closings.
- Monitor and analyze accounting data and produce financial reports and statements.
- Coordinate and complete annual audits.
- Provide leadership to finance and accounts staff and manage their performance.
- Develop and maintain internal control systems to ensure accuracy and integrity of financial records.
Qualifications
- Bachelor's degree in Finance, Accounting, or related field.
- Professional certification such as CPA or CMA is preferred.
- Minimum of 5 years of experience in accounting or finance, with at least 2 years in a supervisory role.
- Strong knowledge of accounting principles, financial regulations, and reporting standards.
- Excellent analytical and problem-solving skills.
- Strong leadership and communication skills.
Skills
- Advanced proficiency in accounting software packages (e.g., QuickBooks, SAP).
- Strong competency in Microsoft Excel and financial modeling.
- Experience with ERP systems.
- Knowledge of GAAP and IFRS standards.
- Strong organizational and project management skills.
- Attention to detail and accuracy.
Frequently Asked Questions
A Manager in Finance and Accounts oversees financial operations, including budget management, financial reporting, and audits. They ensure fiscal responsibility by analyzing financial data, forecasting future financial trends, and ensuring compliance with financial regulations. Their role is critical for supporting strategic planning and decision-making within a company.
To become a Manager in Finance and Accounts, one typically needs a bachelor's degree in finance, accounting, or a related field. Many companies prefer candidates with a master's degree or CPA certification. Experience in financial management roles is vital, along with strong analytical, leadership, and communication skills to effectively manage teams and interact with stakeholders.
The average salary for a Manager in Finance and Accounts varies based on location, experience, and industry. Typically, it falls within a competitive range, reflecting the significant responsibilities. Benefits often include bonuses and healthcare packages. Salary surveys and industry reports provide more precise figures for specific regions and sectors.
Essential qualifications for a Manager in Finance and Accounts include a bachelor's degree in finance, accounting, or economics. Advanced credentials such as an MBA or CPA certification are highly regarded. Employers often look for several years of experience in financial roles, showcasing skills in financial analysis, budgeting, and strategic financial planning.
The role requires strong analytical skills, proficiency in financial software, and excellent leadership abilities. Responsibilities include financial planning, budgeting, and ensuring compliance with financial laws. Managers must effectively communicate complex financial data to stakeholders and manage a team of finance professionals to achieve organizational financial objectives.