An Overview of Senior Accountant Job Description

Senior accountants are professionals taking the responsibility of reporting productivity, costs, expenditures and margins for organizations and companies. Dissimilar to junior accountants, these professionals usually do not carry out administrative tasks like data gathering, updating journal entries and populating balance sheets. They take the ownership of collecting and analyzing financial and accounting information for various businesses. They also bear the responsibility of supervising the associate accounting executives in the accounting department of a company. Employers generally look out for candidates with professional certifications and graduate degrees to serve as senior accountants. Senior Accountant Job Description would include the responsibilities and the duties of a senior accountant. We will have a detailed look at the responsibilities and the duties below:

Senior Accountant Job DescriptionMain Responsibilities and Duties of a Senior Accountant

Some of the most important responsibilities and duties of senior accountants are as follows:

Accounting

Senior accountants are required to perform various accounting functions. Apart from these they book, reconcile and report n-force premium, loss of fund balance, direct written premium, retro accrual, bad debt allowance, non-admitted A/R and cash applied to A/R on a monthly basis. Month-end and back-up duties are also assigned to senior accountants.

Analysis and Reporting

Senior accountants assist in the preparation of narratives and worksheets monthly management reports along with accompanying schedules. They also prepare actual vs. budget variance reports. Senior accountants also carry out the task of following-up the documentation of important variances. They provide the required help with the completion of annual and quarterly regulatory filings.

Examinations and Audits

A senior accounts helps with DOI examination and external audit carried out on an annual basis. They complete requested materials and help in the preparation of assigned schedules for interim and annual audit.

Systems

Senior accountants provide proper help in accordance with testing and receiving the final approval for all the system reports needed for financial reporting, general ledger reconciliations and management.

Cash or Banking

These professionals resolve and even coordinate various issues in relation to banks like bank fee anomalies, enhancement of online services, cleared check differences and targeted balance calculations. They also monitor bank liaison and positive pay exceptions.

Other

The other miscellaneous duties performed by senior accountants include:

•    Conforming and abiding by all the internal procedures and policies and regulatory guidance.

•    Documenting policies, workflow and procedures for the assigned areas of job ownership.

•    Maintaining project log.

•    Contributing to the organization’s and the department’s special projects.

•    Using in-depth knowledge of company practices and accounting principles in combination with accounting experience for performing financial analysis and accounting activities.

•    Analyzing complicated financial records and reports.

•    Mentoring and training junior staff.

•    Reviewing the journal entries of the junior accountants for ensuring accuracy.

•    Making recommendations on the basis of status and analysis of expenditures, reserves and assets.

•    Coordinating complicated accounting initiatives and projects with the other members of the finance and accounting team and even with other departments.

•    Monitoring and documenting internal controls for support of the auditing team.

Accounting job description: Analyzing the different opportunities available

The average annual salary of an accountant is around $65,080. Accountants are multiple skilled professionals who can do various jobs easily. When reading an accounting job description you would be surprised at the high level of responsibilities and challenges they handle on a day to day basis. In fact they quite bust the myth that accounting is a tedious job. Below we have tried to analyze the various opportunities that an accountant can enjoy.

Accounting Job DescriptionPrivate-Accountants

Most accountants over a period of years tend to have their own accountant firms where they work privately. These accountants offer their specialized financial knowledge to small and large companies. They act as a consultant on specific projects and charge service fees accordingly. Most companies use them to check whether the company is following proper accounting and business procedures.   When working as a private accountant you can perform specialized services which are:

1.    Financial-Accountant: Here you prepare the reports related to the company’s financial domain. The data are studied by shareholders and internal department heads.

2.    Cost-Accountant: The cost accountant is involved in the manufacturing business domain and it specifies the cost of products of a company or its services.

3.    Managerial-Accountant: These managers prepare reports which are used by internal managers and executives.

4.    Budget-Accountant- The annual budget of a company is undertaken by this accountant.

5.    Tax-Accountant: The Accounting Job Description of this accountant would be to check whether the correct Income Tax and other returns are filed by the company.

6.    Accounting System manager- The person designs the entire software of the accounting information-system of the company. He also checks if the data is keyed in accurately.

7.    Internal-Auditor: This is a person who is responsible for putting the internal audit system into place and checks whether all the compliances necessary are maintained.

8.    Account-Controller: The person in charge of the accountant department would be the Accountant-Controller.

9.    Chief Financial Officer: He would be responsible for the entire financial operations of the company.

Public-Accountants

A CPA or a Certified Public Accountant would work independently or be a part of a large organization like Ernst and Young. They offer services like external auditing by a third party, tax consulting and management consulting. During an external audit, the seasoned public accountant would examine the company procedures and share his opinion regarding how the procedures could be improved when it comes to creating financial and business reports. In the area of tax consulting, the public accountant would help the company plan out its various tax returns and also might represent the client. As a management consultant, the accountant would offer various advice related to management issues.

No matter whatever role an accountant undertakes, the job would be satisfying and very dynamic in nature. In fact the role of an accountant makes him the master of all trades and later on he can set up his own company easily.