Senior Executive - Accounts & Finance Job Description Template
The Senior Executive - Accounts & Finance is responsible for managing the financial health of the organization, overseeing accounting operations, preparing accurate financial statements, and ensuring compliance with regulatory requirements. This role involves strategic planning and analysis to support the company's financial goals.
Responsibilities
- Oversee and manage the general accounting functions, including accounts payable, accounts receivable, general ledger, and taxes.
- Prepare financial statements, reports, and forecasts regularly.
- Ensure compliance with all federal, state, and local laws and regulations.
- Monitor and analyze accounting data and produce financial reports or statements.
- Establish and enforce proper accounting methods, policies, and principles.
- Coordinate and complete annual audits.
- Improve systems and procedures and initiate corrective actions.
- Manage budgeting, forecasting, and financial planning processes.
- Assist in the development of financial strategies and initiatives.
Qualifications
- Bachelor’s degree in Finance, Accounting, or related field.
- Professional qualification such as CFA/CPA or similar.
- Minimum of 5 years of relevant experience in finance and accounting.
- In-depth knowledge of corporate finance and accounting principles, laws, and best practices.
- Experience with financial analysis and forecasting.
- Strong attention to detail and confidentiality.
- Excellent communication and interpersonal skills.
Skills
- Financial Reporting
- Budgeting and Forecasting
- GAAP and IFRS
- Tax Compliance
- Financial Analysis
- Accounting Software (e.g., QuickBooks, SAP)
- MS Excel
- Risk Management
- Audit Coordination
- Problem-solving
Frequently Asked Questions
A Senior Executive in Accounts & Finance oversees financial operations, ensuring compliance with regulations and financial policies. Their responsibilities include financial reporting, managing budgets, forecasting, and analyzing financial data to aid strategic decision-making. They collaborate with team members to optimize financial performance and may lead audits and implement improvements in financial practices.
To become a Senior Executive in Accounts & Finance, candidates usually need a bachelor's degree in finance, accounting, or related fields, along with several years of experience in financial management or accounting roles. Certifications like CPA or CMA can enhance career prospects. Developing skills in financial analysis, leadership, and strategic planning are crucial for advancing to this senior role.
The average salary for a Senior Executive in Accounts & Finance varies based on factors such as industry, location, and individual experience. Typically, this role commands a higher salary range due to its seniority and the level of responsibility involved, making it a lucrative position for experienced finance professionals.
Qualifications for a Senior Executive in Accounts & Finance typically include a bachelor's degree in finance, accounting, or related fields. Advanced certifications such as Chartered Accountant (CA), Certified Public Accountant (CPA), or Certified Management Accountant (CMA) are often preferred. Significant experience in accounting or financial management is also essential.
A Senior Executive in Accounts & Finance should possess skills in financial reporting, budgeting, and strategic planning. They must have strong analytical, leadership, and problem-solving abilities. Key responsibilities include overseeing financial procedures, ensuring regulatory compliance, and providing insights to improve financial performance. Effective communication and team collaboration are also critical in this role.