Management Accountant Job Description

Introduction:

The management accountant protects the company’s account and they suggest the manager’s financial inference of business decision to promote growth and profit. They take part in managerial planning and commercial decision-making duties by providing apt financial data and undertaking account-related duties. They support budgeting and funding. Their main aim is to contribute to the decision-making process of management which should ensure business growth and long term success.

Management Accountant Job Titles:

  • Management Accountant
  • Management Accountant (Part-Time)
  • Accountant
  • Book Keeper
  • Account Payable Specialist
  • Payroll and Collection Accountant
  • Senior Staff Accountant

Management Accountant Job Summary:

We are looking to hire experienced and skilled management accountants to our organization; He will be responsible for managing current and future expenditure for creating maximum ROI and project performance. The candidate needs to be strong in GAAP methodologies, able to create cost-effective budgets for future projects. The duties and responsibilities of a management accountant include providing accounting and analytical support of the business, performing monthly close activities preparing journal entries, variance analysis, and reporting, maintain fixed asset records, prepare journal entries and run monthly depreciation. This is a great role for an entry-level accountant to gain invaluable experience in multiple aspects of finance process addition to interacting with various areas of business daily. Few other duties he should perform include supporting the treasury department, assisting internal and external auditors, communicating with peer business liaison, and third party vendors to gain information and ensure compliances with company policies and GAAP. The candidate must know SAAP including report packaging and should have knowledge as well as experience of SOX compliances.

Management Accountant Responsibilities and Duties:

  • Developing financial analysis for new ventures, partnership, and inventory
  • Produce cost-benefit analyze data to interpret financial data
  • Oversee accounting procedures and process
  • Comply GAAP for financial statements
  • Conduct research about financial risks information analysis
  • Find out cost-effective alternatives for current and future projects
  • Provide suggestion to senior management based on financial data
  • Prepare a budget based on financial research
  • Analyze company project performance and ROI
  • Decide to cut cost and oversee the financial management of an existing project
  • Advise and reduce financial risk, compile and produce financial forecasts
  • Develop business strategies to generate shareholder value
  • Control and forecast income and expenditure
  • Negotiate and gather finance for major projects
  • Develop financial system and policies
  • Supervise a team of technicians
  • Handle financial administration and internal audits
  • Liaising with managerial staff and colleagues

Management Accountant Skills and Qualification:

  • Bachelor degree in accounting, finance or similar field
  • Must possess a minimum of 3 years of experience in relevant field
  • Punctual, reliable and must have strong communication skill
  • Proven experience as a management accountant or accounting supervisor
  • Knowledge about advance accounting, financial principles, and practices
  • Understanding of cost accounting, reporting, risk analysis, budgeting, and forecasting
  • Working knowledge of financial software
  • Excellent communication and presentation skill
  • Analytical mind, strong aptitude in maths, a problem solver with attention to detail
  • Organization and leadership skills
  • Possessing certified programs like CMA or CGMA will be preferred
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