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Financial Accountant

Financial Accountant job description

A Financial Accountant is responsible for running the accounting and financial activities of an organisation. They analyse the economic stability of the company and provide financial information to other departments, enabling these departments to make budgeting and investment decisions. A Financial Accountant reports on costs, productivity, margins and company expenditures.

Financial Accountant duties and responsibilities of the job

A Financial Accountant job description should highlight the following duties and responsibilities: Preparing the monthly profit and loss, and balance sheet reports Tax reporting and inventory processing Collecting and analysing data, which is then used in the preparation of weekly and monthly estimates Advising on estimates for project funding Creating KPI reports Preparing weekly cash flow statements, and controlling expenditure and cash flow Assisting with the preparation of year-end accounts and statutory accounts Responding to financial inquiries by gathering and interpreting data Conducting internal audits such as wage reviews Examining financial records to check f or accuracy Managing and training staff when necessary

Financial Accountant job qualifications and requirements

A degree and experience in the financial field are required to gain a Financial Accountant role. Degrees in the following subjects should be highlighted as particularly advantageous: Accountancy or Finance Economics Mathematics Business Studies Management A Chartered Accountant or Certified Practising Accountant qualification is likely to give a competitive edge to a Financial Account job description. Both CPA Australia and Chartered Accountants Australia and New Zealand offer accredited courses in these areas.As well as formal qualifications, a Financial Accountant job description should detail the following qualities: An analytical mind Negotiation skills and the ability to develop strong working relationships Commercial and business awareness Good communication skills – both written and verbal A keen eye for detail and desire to probe further into data Deadline-orientated and an ability to stick to time constraints There are a number of international accounting bodies that are recognised too.

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Salary for Financial Accountant
93500 - 112500
25th Percentile
93500
The applicant has limited or no experience in the position and is still developing their skills. Demand: Low
50th Percentile
103000
The applicant has an average level of experience and has most of the necessary skills. Demand: Moderate
75th Percentile
112500
The applicant has above-average experience, has (nearly) all necessary skills, and may also have specialised qualifications. Demand: High
Projected salaries for related positions Position title 25th Percentile 50th Percentile 75th Percentile Assistant Accountant 70500 78500 86500 Accountant 95500 108000 114500 Senior Accountant 107500 119000 132500 Group Accountant 112000 127500 145000 Accounts / Finance Officer 65500 72000 82000 Accounts Payable Officer 63500 72000 82000 Accounts Payable Manager 88000 100500 116500 Accounts Receivable Officer 69500 76000 87500 Accounts Receivable Manager 88500 100500 114000 Bookkeeper 73500 83500 93500 Corporate Accountant 112000 127500 145000 Cost Accountant 110000 118000 135000 Senior Financial Accountant 116500 130000 145500 Management Accountant 100000 111000 120000 Senior Management Accountant 120000 135000 145000 Project Accountant 102500 118000 137000

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