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Financial Reporting Specialist Jobs (NOW HIRING)

Valley Bank

Financial Reporting Specialist

Wayne, NJ · On-site

Perform general ledger reconciliations, data validation, and financial reporting support by researching discrepancies, completing certifications, and ensuring the accuracy and integrity of loan and ...

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$28K

$83.3K

$129.5K

How much do financial reporting specialist jobs pay per year?

As of Aug 15, 2026, the average yearly pay for financial reporting specialist in the United States is $83,350.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,000.00 and $99,000.00 per year, depending on experience, location, and employer.

What are some common challenges a financial reporting specialist might face when preparing reports for multiple stakeholders?

Financial Reporting Specialists often juggle the demands of various stakeholders, such as management, auditors, and regulatory bodies, each with different reporting requirements and deadlines. Ensuring data accuracy and consistency while adhering to strict timelines can be challenging, especially during peak periods like quarter-end or year-end closes. Additionally, interpreting and applying ever-evolving accounting standards requires ongoing professional development. Strong organizational and communication skills are essential to effectively manage these complexities and deliver clear, compliant financial reports.

What is a financial reporting specialist?

Financial Reporting Specialists are professionals responsible for preparing, analyzing, and ensuring the accuracy of financial statements and reports for an organization. They play a critical role in maintaining compliance with regulatory standards and internal policies. Their work typically involves reviewing financial data, coordinating with auditors, and supporting management in making informed business decisions. Strong analytical skills, attention to detail, and knowledge of accounting principles are essential for this role.

What does a financial reporting specialist do?

A financial reporting specialist handles all financial accounts and delivers accurate reports with recommendations on financial decisions. Your duties in this career have you preparing monthly and quarterly reports, investigating key business drivers for expense variances, providing analytical insight, monitoring and improving the current financial system in place, and reviewing annual and semiannual financial statements. Your responsibilities require you to work with internal groups on financial statement disclosures, assist with research on accounting opportunities, interface with audit representatives to resolve issues, process all related financial documentation, and handle day-to-day operations of the financial reporting department.

What are the key skills and qualifications needed to thrive as a financial reporting specialist?

To thrive as a Financial Reporting Specialist, you need a solid background in accounting principles, financial analysis, and a relevant degree such as accounting or finance. Proficiency with financial reporting software like SAP, Oracle, and advanced Excel, along with knowledge of GAAP or IFRS standards, is typically required. Strong attention to detail, analytical thinking, and effective communication skills distinguish top performers in this role. These skills are crucial for ensuring accurate financial statements, regulatory compliance, and clear communication of financial information to stakeholders.

What is the difference between Financial Reporting Specialist vs Financial Analyst?

AspectFinancial Reporting SpecialistFinancial Analyst
Primary FocusPreparing financial statements, ensuring compliance, and reporting accuracyAnalyzing financial data, forecasting, and supporting decision-making
Required SkillsAccounting knowledge, reporting standards, attention to detailFinancial modeling, data analysis, Excel proficiency
CertificationsCPA, CFA (optional)CFA, CPA (optional)
Work EnvironmentAccounting departments, finance teamsInvestment firms, corporate finance, consulting

While both roles involve financial data, the Financial Reporting Specialist primarily focuses on preparing accurate financial reports and ensuring compliance, whereas the Financial Analyst emphasizes analyzing data to support strategic decisions. Both roles often require similar certifications and work within finance departments, but their core responsibilities differ.

Is a financial reporting specialist a good career?

A financial reporting specialist is a valuable role in finance, responsible for preparing accurate financial statements and ensuring compliance with accounting standards. The position often requires strong analytical skills, proficiency with accounting software, and relevant certifications such as CPA or CFA. It offers opportunities for career advancement in finance and accounting departments.
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Financial Reporting Specialist jobs near you
Infographic showing various Financial Reporting Specialist job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 13% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $83,350 per year, or $40.1 per hour.

Financial Reporting Specialist

Ashley Furniture Industries, Llc.

Winona, MN

Full-time

Re-posted 13 hours ago

Ashley Furniture rating

6.1

Company rating: 6.1 out of 10

Based on 293 frontline employees who took The Breakroom Quiz

38th of 51 rated furniture manufacturers

Job description

Financial Reporting Specialist

Position Overview

We are seeking a detail-oriented Financial Reporting Specialist to join our finance team. This role is responsible for creating comprehensive financial reports, supporting external audit processes, ensuring compliance with banking covenant requirements, and managing consolidated financial reporting across multiple entities.

Key Responsibilities

Financial Reporting

  • Build and maintain financial reports using various accounting software platforms
  • Develop automated reporting processes to improve efficiency and accuracy
  • Create, maintain, and support various business units with budget preparation and forecasting processes

Consolidated Financial Reporting

  • Prepare consolidated financial statements for multiple legal entities and subsidiaries
  • Perform consolidation adjustments including intercompany eliminations
  • Ensure proper application of consolidation accounting principles and standards

External Audit Support

  • Support external audit activities throughout the audit cycle
  • Assist with audit report preparation
  • Respond to auditor requests for reporting and variance analysis

Bank Covenant Reporting

  • Monitor and report on bank covenant compliance on a regular basis
  • Calculate and track key financial ratios and metrics required by lending agreements
  • Prepare detailed covenant compliance reports for banking partners
  • Identify potential covenant violations early and recommend corrective actions
  • Maintain documentation supporting covenant calculations and assumptions

General Duties

  • Support budget preparation and variance analysis
  • Maintain accurate and organized financial records
  • Participate in process improvement initiatives
  • Collaborate with cross-functional teams to ensure data accuracy
  • Ability to collaborate effectively with business unit leaders on financial planning

Required Qualifications

Education & Experience

  • Bachelor's degree in Accounting, Finance, or related field
  • 5+ years of experience in financial reporting or public accounting
  • Experience with consolidated financial reporting and multi-entity accounting required

Technical Skills

  • Advanced Microsoft Excel skills (pivot tables, VLOOKUP, financial modeling)
  • Experience with financial reporting tools and databases
  • Budgeting and forecasting software experience
  • Knowledge of GAAP and financial statement preparation

Core Competencies

  • Strong analytical and problem-solving abilities
  • Excellent attention to detail and accuracy
  • Effective written and verbal communication skills
  • Ability to work under tight deadlines and manage multiple priorities
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