In most businesses, the position of an Accounting Manager is an integral one. An Accounting Manager is usually tasked with developing and implementing systems for collecting, verifying, analyzing, and reporting certain types of financial information. An Accounting Manager is required by a business to support its ongoing progression and growth.
Key Takeaways
- The Accounting Manager plays an important role in the organization, manages the accounting team, and achieves objectives
- An accounting manager is also responsible for financial reporting, billing, collections, payroll, and budget preparation
- Another important role of an accounting manager is to manage and oversee the daily operations of the accounting department
- An accounting manager also delivers coaching and leadership to the Accounting team
Accounting Manager Tasks And Responsibilities:
1. Maintaining a system of managing and overseeing the day-to-day accounting functions of the company
2. Monitoring and recording transactions and financial events in compliance with generally accepted accounting principles (GAAP) and company policy
3. Maximizing return on financial assets by forming solid financial projects, procedures, policies, control, and reporting systems
4. Maintaining expertise over accounting operations, such as accounts payable/receivable, general ledger, cash receipts, treasury, revenue and expenditure variance analysis, fixed asset activity
5. Monitoring the activities of the accounting department, including the design suitable for realizing the department’s objectives and goals
6. Delivering coaching and leadership to the Accounting team
7. Ensuring accurate and timely accounting reporting; monthly, quarterly, and year-end close
8. Preparing accounts for various companies on a monthly, quarterly, and yearly basis
9. Achieving budget objectives by shuffling expenditures, initiating corrective measures, analyzing variances
10. Maintaining the accurate and timely processing of general ledger reconciliation and journal entries
11. Performing monthly and quarterly bank compliance activities in an accurate and timely manner
12. Responding to inquiries from internal managers, the CEO, CFO in terms of accounting results and special reporting requests
13. Assisting in the implementation and realization of new procedures and projects to improve the workflow of the department
14. Utilizing business connections and intelligence to produce process enhancement and develop KPI reporting
15. Maintaining consistency over-application of accounting procedures and policies
16. Producing financial statements, filling and tax returns, and completing financial reporting
17. Maintain a solid and effective relationship across all business groups
18. Supporting Head of Finance in maintaining financial activities successfully
19. Collaborating with others in managerial positions to realize overall objectives and goals
20. Providing realistic, thoughtful, and candid insights into relevant business matters
Accounting Manager Job Duties:
1. Achieving accounting human resource objectives, such as recruiting, selecting, training, orienting, scheduling, assigning, coaching, and disciplining employees
2. Accomplishing accounting operational objectives by providing accounting information and recommendations to specific reviews and plans
3. Implementing productivity, production, resolving problems, reconciling, completing audits, identifying trends, and projecting change
4. Enforcing policies and procedures determined by the Senior FP&A Manager
5. Meeting accounting financial objectives by projecting requirements, preparing a budget, analyzing variances, and scheduling expenditures
6. Remaining loyal to the organization and keeping sensitive information confidential
Accounting Manager Job Description Sample (Template)
If you want to hire Accounting Managers for your company; you may want to see a template of the Accounting or Finance Job post so that you can tweak it by yourself. If you are an Accountant, you may be looking for a typical Job template like below so that you can already prepare yourself to cope with the accounting manager duties, the type of accounting software you may need to know more about, and all the accounting activities, then check the template below.
By following this template, you can easily know how to write an accounting manager job description for your company or get ideas from an accountant.
Job Title: Accounting/Office Manager Supervisor Title: CEO
Statement about MGTBlog’ Culture:
MGTBlog is a small, fast-growing nanotechnology company. The founding team has a “whatever it takes” attitude and is seeking a candidate with similar values, commitment, and work ethic. The office manager will be the “central nervous system” of the company. You will be working intimately with the CEO, CTO, and VP of Sales. You will have responsibility for running the back-office in a highly efficient manner. This is not a job for the faint of heart.
Objectives in this Position:
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Manage financial and logistical infrastructure of the company
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Make MGTBlog the most “customer-centric” Financial company on Earth
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Free up time for CEO, CTO, and Sales VP so they can focus on business-critical duties. You should make yourself someone the executives “couldn’t live without”
Job Responsibilities:
1. Bookkeeping
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General Ledger
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Accounts Receivable
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Accounts Payable
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Payroll
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Tax Forms
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Prepare monthly, quarterly, annual balance sheet, income statement, cash flow statement
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Prepare monthly, quarterly, annual sales report by customer type, geography, and product sales. Also, track repeat rate and other sales metrics
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Interface with CPA firm
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Office
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Order lab supplies and raw materials
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Manage supplier relationships
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Manage raw materials inventory
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Manage finished product inventory
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Do various tasks that the CEO, CTO, and Sales VP assign to you
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Customer Service and Marketing/Sales Support
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Process, organize and file customer orders
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Collect, organize, store, and manager customer shipping, billing, and order information
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Prepare outgoing orders for shipment
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Send customers invoice, tracking numbers, packing lists, etc. after shipment
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Desired Characteristics:
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Detail Obsessed: You will manage every detail of the company. T’s crossed. I’s dotted. No spelling mistakes. Every invoice calculated perfectly. Every lab supply in inventory 100% of the time.
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Flexibility: You will be running the logistics and financial infrastructure of a rapidly growing company. Expect your job description and responsibilities to change and grow regularly along with other accounting stuff from your team.
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Smile: You will be emailing and speaking with customers every day. A positive attitude and “people skills” are essential.
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Initiative and Independence: There is always something that can be done better. We need you to identify problems and create and implement solutions on your own.
Working Conditions:
You will work in an office at the MGTBlog and Technology Park (Brooklyn, NYC, USA). Monday-Friday 9 am-5 pm is required. Expect to be in the office between 40-50 hours per week depending on workflow.
Skills Required:
Deep expertise with accounting software (Quickbooks and others) and GAAP accounting rules and Lab Management.
Experience Required:
- 5-20 years of bookkeeping experience at between 3-5 firms. Education Required:
- Bachelors in accounting (Degree in Accounting) or two-year associate degree with experience Compensation:
- Commensurate with experience
Cover Letter Requirements:
Answer the following questions thoughtfully and concisely in Q&A format.
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What, in your opinion, is the role of an Accounting Manager/Office Manager?
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When someone ends up being a poor bookkeeper/office manager, what most likely caused the problem?
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If you have a job, why are you looking for a new one? If you don’t have a job, why did your last job end?
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Based on your experience, if you were hiring for this job, what qualities would you look for that you think most employers don’t?
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Explain what a carbon nanotube is, why our carbon nanotubes are special, and why carbon nanotubes are commercially important.
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Tell us something interesting about yourself.
Application Process:
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Forward resume and cover letter to [email protected] (not exist, made up for this sample) Make the subject line of your application email: “Office/Accounting Manager: Your Name: Sales Headline for Why MGTBlog Should Hire You.” Attach your resume and cover letter answers as PDF files. And also include your answers to the cover letter additionally in the body of the email (as this will be the primary selection criteria for first-round interviews.) Applications that don’t answer the cover letter questions and don’t follow these instructions will not be considered.
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The company will select 8-10 candidates to interview in the first round. We will be interviewing candidates from January 6-14th and expect to make a full-time hire before February 1st.
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3. The final three candidates will go through extended final round interviews, software competence tests (Excel, Word, Powerpoint, Quickbooks, and other accounting software products.)
Role Summary
The Accounting Manager will establish financial status by incorporating financial information derived from gathering, analyzing, verifying, and forecasting. The Accounting Manager will play an important role in the organization, manage the accounting team and achieve objectives.
References:
1. https://www.betterteam.com/accounting-manager-job-description
2. https://www.glassdoor.com/Job-Descriptions/Accounting-Manager.htm
Last Updated on October 22, 2022 by Magalie D.
Magalie D. is a Diploma holder in Public Administration & Management from McGill University of Canada. She shares management tips here in MGTBlog when she has nothing to do and gets some free time after working in a multinational company at Toronto.
