What Is a Staff Accountant and How to Become One
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What Does a Staff Accountant Do?
A staff accountant manages financial statements to keep their company in good financial standing with creditors, clients, and the IRS. A staff accountant creates an accounting system that adheres to federal regulations and keeps order for all financial procedures. Staff accountants gather and analyze data to answer questions and guide financial decision making. It is crucial that a staff accountant maintain strict confidentiality about the company’s revenue and expenditures.
How Do You Become a Staff Accountant?
You can become a staff accountant by earning a bachelor’s degree in finance, accounting, or business. Seek a part-time or full-time position in accounting, tax preparation, financial administration, or budget management to gain relevant experience. You may find that an accounting internship is a good way to get work experience. A Certified Public Accountant (CPA) credential is not a requirement for a staff accountant job at many companies. You should cultivate your attention to detail, communication, time management, and math skills for a staff accountant job.
What Are Different Types of Staff Accountant Jobs?
There are several different types of staff accountant jobs that you can pursue. General accountants focus on basic accounting duties; cost accountants focus on containing costs; tax accountants prepare and file taxes. Other types of specialized staff accountant jobs include auditor, financial officer, controller, financial manager, and management accountant. Government accountants oversee the financial planning for government organizations.
What Is the Job Duty of a Staff Accountant?
As a staff accountant, you manage a company’s financial statements, prepare and file tax returns, and generate fiscal reports. Staff accountants also maintain a general ledger, establish and monitor accounts on behalf of the company, analyze budgets, prepare billing reports and invoices, and perform audits. Staff accountants coordinate with co-workers to reconcile financial statements and coordinate fiscal planning, so communication and interpersonal skills are helpful.
What Are the Benefits of a Staff Accountant Job?
Some of the benefits of being a staff accountant are job security, opportunities for advancement, good earning potential, and diverse job options that include part-time, full-time, and temporary work. Also, staff accountants get to play an important role. Employers rely on them to help keep the company in good financial standing.
Staff Accountant Job Description Sample
With this Staff Accountant job description sample, you can get a good idea of what employers are looking for when hiring for this position. Remember though, every employer is different and each will have unique qualifications when they hire for their Staff Accountant position.
We are currently seeing an experienced staff accountant to join our growing team. You will be responsible for performing general bookkeeping, maintaining financial reports, and preparing and analyzing budgets. A strong work ethic, attention to detail, and demonstrated knowledge of technical and operational accounting and finance functions are a must.
Duties and Responsibilities
- Prepare consolidated internal and external financial statements by analyzing information from the general ledger system and department heads
- Maintain and balance an automated consolidation system
- Analyze and verify information by creating spreadsheet reports
- Prepare general ledger entries by maintaining and recording and files
- Prepare payments by accruing expenses and assigning account numbers when needed
- Request disbursements and reconcile accounts
- Analyze current procedures and recommend changes to develop and implement best practice accounting procedures
- Provide accounting support for mergers and acquisitions by reviewing financial information; convert data to general ledger system; obtain supplementary information for preparing financial statements
- Update job knowledge by participating in educational opportunities, continued education, participating in professional organizations, etc.
Requirements and Qualifications
- Bachelor’s degree in accounting preferred
- 5-7 years of accounting experience
- Experience with Quickbooks and Microsoft Excel
- Vendor and customer reconciliations experience
- Strict attention to detail, highly organized and efficient
- Strong written and verbal communication skills