Introduction:
A financial accountant’s primary task is to monitor financial data and prepare statements like balance sheets and income statements. A financial accountant would be responsible for handling the budget, managing tax payment, and performing internal audits. They need to act as a consultant for senior managers and conduct cost and revenue analyses. The financial accountant needs to ensure all accounting transactions comply with law and support company investment.
Financial Accountant Job Titles:
- Financial Accountant (Part-Time)
- Financial Accountant
- Accountant
- Entry-Level Accountant
- Account Payable Specialists
- Payroll and Collections Accountant
- Senior Staff Accountant
Financial Accountant Job Summary:
We are looking to hire a skilled and experienced financial accountant to join our team and he will be responsible to handle the company’s financial activities ensuring everything is by the books. You need to have an analytical mind, capable to handle a knack of numbers and full-proof talent for communicating complex concepts. Your job duties involve handling month-end closing including all reporting to the CFO, performing quarterly and year-end reporting, assist external and internal auditors, ensure accurate financial statements, approve the processing of invoices along with the investigation of past due to invoices, approve weekly payment run, administrate the process of new vendors, identify cost reduction opportunities, oversee the management for the acquisition of the asset, responsible for the approval of daily cash manual check, cash transfer between account and cash forecasting. Few other tasks include performing ADHOC reporting and managing risk management systems.
Financial Accountant Responsibilities and Duties:
- Manage financial accounting activities for all business operations
- Evaluate the accuracy and completeness of financial statement
- Maintaining a chart of accountant
- Analyzing financial data and researching financial variances
- Creating a financial statement for payroll processing accounts receivable and payable, revenue and expenditure
- Maintain precise accounting records for future references
- Assist other departments in performing accounting task and assisting in account payable activities
- Acknowledging to account-related questions and inquiries from employees
- Oversee direct work activities of accounting and bookkeeping personnel
- Providing suggestions to the management regarding budget forecast, resource utilization, and tax strategy
- Analyzing business operations, cost revenue, financial commitments, and trends to develop a projection for future expense
- Conduct an internal audit of organizations financial record
- Develop a budget, tax returns and tax owed
- Comply with tax requirement regarding payment and reporting
- Performing internal audit such as wage reviews
- Responding to financial inquiries by gathering data
- Creating KPI reports
Financial Accountant Skills and Qualification:
- Bachelor degree in accounting, business economics or finance for a reputed institution
- Must possess a minimum of 3 years of experience in the financial accounting field
- Punctual, reliable and must have strong communication skill
- Strong understanding
- of GAAP principles
- Competent in using accounting software, database query software, tax preparation software, and enterprise resource planning software
- Able to use logic, critical thinking, and deductive reasoning skills
- Know to complete intricate tasks with a high degree of accuracy
- Strong communicator in both written and spoken language
- Possess negotiation skill and ability to develop a strong working relationship
- Analytical mind, commercial and business awareness
