Staff Accountant Job Description, Roles/Responsibilities, Qualifications

Staff Accountant job description – Staff accountants are experts that keep a general ledger and evaluate financial data for correctness before creating reports to help senior management make educated decisions regarding planned projects or budgets for the coming year. They are also in charge of keeping track of and recording all company transactions.

A Staff Accountant manages a company’s accounting systems and keeps a healthy financial profile while adhering to state, federal, and municipal laws. When employing accounting employees for your company, ensure that they are well-versed in all financial laws and regulations that apply in your location and are industry-specific.

Staff accountants work in a company’s or accounting firm’s accounting department and undertake a number of tasks such as managing the general ledger, evaluating financial statements, generating financial reports, aiding with audits and budgeting procedures, and reconciling accounts. Staff Accountant Job Description

In many large companies, a Staff Accountant is a position that is considered to be very important. On behalf of the organization, a Staff Accountant provides assistance in the preparation of financial forms and statements. In addition to this, a Staff Accountant is responsible for performing financial data analysis and communicating with management regarding the most effective procedures within the realm of accounting. As a result of their formal education and training in the appropriate application of accounting concepts, they are excellent additions to the accounting and finance department. Information Guide Nigeria

Read Also: Receptionist Job Description, Roles/Responsibilities, and Qualifications

Responsibilities of A Staff Accountant 

• Keep accounting records and files up to date.
• Budget analysis and cost reporting Good Morning My Love Message
• Examine tax policies and procedures, as well as tax payments and returns.
• Meet with clients to discuss sensitive accounting matters.
• In the general ledger, post transactions and categorize records (e.g. by assets, liabilities, and expenses)
• Bank statements must be reconciled.
• Examine transactions involving internal and external stakeholders.
• Close out the month and the year.
• Prepare audit documents
• Provide financial advice to clients via email or phone.
• Implement new accounting policies while adhering to norms and regulations.
• Work with the Accounting Manager to optimize financial processes.
• Keeping financial records, reports, and general ledger accounts up to date.
• Assisting with monthly close processes including preparing journal entries, analyses, and account reconciliations. 10 Best Companies to Work in Canada as a Foreigner
• Contributing to the creation and evaluation of annual operating budgets and performance estimates.
• Keeping records for accounts payable, buying, and treasury, as well as conducting internal audits
• Monthly balance sheet reconciliations are carried out.
• Meeting deadlines for processing and reporting.
• Responding to information requests, examining financial statements, and cooperating with audits are all responsibilities.
• Ensuring GAAP compliance. NYSC Portal
• As needed, assist the accounting manager.
• Gathers and analyzes information to prepare consolidated internal and external financial statements.
• Inputs data to maintain and balance an automated consolidation system.
• Develops spreadsheet reports to analyze information and possibilities. JAMB Portal
• Maintains records and files while preparing general ledger entries and reconciling accounts.
• Payments are prepared by accruing expenditures.
• Analyzes present procedures to develop and execute accounting procedures.
• Researches and interprets data to provide accounting and financial answers.
• Accounting support for mergers and acquisitions is provided by evaluating financial information.
• Keeps information discreet to protect the organization’s worth.
• Participates in educational programs to keep job knowledge up to date.
• Accounting and organizational mission are met by completing associated results as needed.

Read Also: Starbucks Barista Job Description, Roles/Responsibilities, and Qualifications

Roles of A Staff Accountant 

1. Creating and amending journal entries while reviewing general ledger accounts
2. Analyzing and reconciling accounts, particularly those in bank statements and intercompany general ledger accounts Top 40 latest lace styles for ladies to rock in 2023 (photos)
3. Maintaining the accounts on the general ledger
4. Helping with initial evaluations of internal controls
5. Accruals posted on a weekly, quarterly, and annual basis
6. Examine financial records, spending, and prior tax returns to determine the appropriate organizational and monitoring method.
7. Management should be given quarterly and annual financial reports.
8. General bookkeeping includes the organization of financial forms, papers, and receipts
9. Ensure that all financial transactions within the organization are recorded and that all legal requirements are met.
10. Analyze annual budget recording transactions that require additional documentation.
11. Make personal and company invoices and ask for payment for services done.
12. Collect necessary materials such as yearly tax tables, instructions, and forms to effectively calculate taxes for clients.
13. Collaborate with clients and businesses to acquire personal information about prospective tax breaks, educational grants, or allowances.
14. General cost accounting and other associated responsibilities are performed for the organization.
15. Monthly balance sheets, income statements, and profit and loss statements are prepared.
16. Keeps track of the general ledger.
17. Invoices are coded, new accounts are created, accounts are reconciled, and the monthly books are closed.
18. Reconciles bank accounts at least monthly verify deposits and responds to bank questions.
19. Cash disbursement accounts, payroll, customer accounts, and other financial accounts are reconciled; accounts receivable collections are managed.
20. Verifies and/or completes payment of accounts payable invoices and ensures payments are charged to the correct accounts.
21. Assists outside auditors by gathering relevant account information and documents for the annual audit.
22. Filing tax returns with federal, state, and local governments.
23. Coordination with the software vendor for accounting software system maintenance; proposes updates to improve accounting software.
24. Controls the purchasing and billing system.
25. Keeps abreast with approved accounting standards and procedures.
26. Other related duties may be assigned.

Read Also: Account Executive Job Description, Roles/Responsibilities, and Qualifications

Staff Accountant job qualifications/skills

• A bachelor’s degree in finance or accounting is required.
• 2+ years of accounting experience is required.
• Excellent written and verbal communication abilities.
• GAAP knowledge is required.  Romantic Love Message
• Strong numerical and analytical abilities.
• Excellent problem-solving and time-management abilities.
• Detail-oriented and well-organized.
• Similar experience as a Staff Accountant or a relevant accounting function
• Excellent command of Microsoft Office Word and Excel; excels at spreadsheets.
• An understanding of an accounting information system is advantageous.
• Excellent math skills
• Paying close attention to detail
• Excellent organizational and communication abilities
• Integrity and confidentiality
• MSc in Accounting is preferred.

Read Also: Sales Representative Job Description, Roles/Responsibilities, and Qualifications

Staff Accountant Salary Structure in the USA

What kind of salary can one expect to receive working as a Staff Accountant in the United States? the compensation range for a staff accountant in the United States normally lies somewhere between $54,125 and $65,477, with the average salary coming in at $59,429 each year. A person’s education level, certifications, supplementary talents, and length of time spent working in their field are just some of the crucial aspects that can have a significant impact on the salary ranges they can expect.

Read Also: Assistant Manager Job Description, Roles/Responsibilities, and Qualifications

Conclusion

We hope that you will find this article useful. You can also use this as a guide to know the job description of a staff accountant if you are hoping to work as one.

Check JAMB RESULT

Check and Confirm: How much is Dollar to Naira

📢 We are hiring writers!