Accounting Manager Job Description: Top Duties and Requirements

An Accounting Manager, or Corporate Accounting Manager, is a professional who oversees a team of Accountants working towards a company’s financial goals. They typically shape their company’s accounting methods, priorities, and policies. Their duties include assigning tasks and projects to Accountants within their division, implementing and monitoring periodic closeout accounting schedules, and creating financial reports based on data analysis.

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Accounting Manager duties and responsibilities

Accounting Managers are responsible for all areas that relate to financial reporting, and they develop and maintain accounting procedures, practices, and principles to ensure timely and accurate financial statements. While duties will vary depending on your company’s needs, some common Accounting Manager tasks include:

  • Supporting the Controller with workflow process improvement and pursuing special projects
  • Working with direct reports to determine objectives and goals for each year, and advising on their progress to enhance staff professional development
  • Handling personnel issues that relate to absenteeism, staff performance, and staff conflict
  • Assisting in the design and implementation of features and procedures to enhance the accounting department’s workflow
  • Making sure members of the finance team meet all financial reporting deadlines
  • Responding to inquiries from the Controller, Director of Finance, and other high-level Managers
  • Training and advising new and existing employees of non-routine reporting transactions
  • Monitoring and analyzing the financial department to develop more efficient procedures and proper use of resources while maintaining a high level of accuracy
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Accounting Manager Job Description Examples:

 

Example 1

You dig the data, the details, and the deadlines. Your coffee mug reads ‘Numbers Spoken Here'. You love that there is no middle ground, no shades of grey in the math - the figures are either right or they're wrong. You enjoy the problem-solving, the analysis, and the number-crunching. You are excited to take on new challenges and be part of something that started small and is growing into something big. And us? We are well funded and growing exponentially. In 2021, we won Deloitte's *_Fast 50 in Canada_* and *_Fast 500 in North America_* awards, recognizing us as one of the fastest growing technology companies on the continent - and we're just getting started. We are building the world's most advanced tools for e-commerce and interior decor. Our customers include Fortune 500 companies such as Home Depot, local retailers such as Alexanian's, and leading brands such as Crate&Barrel. We are looking for zealous and collaborative challenge-seekers to amplify our momentum and help us create an iconic global tech company. *What You'll Do* * Work directly with the Director of Finance to scale the Finance function of our company * Account analysis and reconciliation * Manage the receivables & collections processes * Assist with bookkeeping - general ledger, P&L * Assist with full-cycle monthly reporting and postings * Assist with ad-hoc analysis on various topics *Requirements* * CPA designation * Background in financial planning and analysis * Experience with Xero or other cloud-based accounting software * Spreadsheet proficiency (Google Sheets / Excel , minimum index-match functionality) * Thorough knowledge of all finance & accounting processes * Solid analytical, communication and time management skills *About our culture* * We work in tight-knit teams to maximize speed and cultivate an *ownership mentality*. * We cherish curiosity and an obsession for details because we know these details *are invaluable over the long run*. * We promote an environment where ideas are challenged. *The best ideas win!* * We're hyperfocused on our achievements and our ability to execute on our promises. *We act with urgency.* * It's not always about us. *We give back to our community to ensure it can grow.* * We love to compete and have fun. *Our game nights are legendary.* *About our products* Imagine you want to buy a rug for your living room. You want to make sure it will fit and look good. Our technology lets you see the rug in your own room before you buy it. Simply upload a picture of your room using your mobile phone, and slide the rug under your coffee table: *About our results* 5x increase in e-commerce conversion rates and a dramatic decrease in the time it takes to make a purchase decision. We are also reducing carbon footprint by eliminating trips to the store and avoiding product returns, while also saving marriages - because now you can be sure the products you buy for your home will fit and look good. *About our office and remote work* We are located in downtown Toronto with nearby access to both of the main subway lines. Currently, we are all working from home; we encourage our teams to work from wherever they are most productive, and many of us will continue to work from home in the future, either full-time or partially. While we're all working remotely, we've come up with a few ways to keep everyone on the same page, including a quick company-wide check-in every Monday, remote coffee breaks on Fridays, and ad hoc topical sharing sessions. Another big upside is you get to be around your pets and plants (if you have them). *About our hiring process* Now: You upload your resume and complete a brief questionnaire. Week 1: We arrange a video call with you to assess your abilities. Week 1 or 2: You attend the first video interview. Week 2 or 3: You attend the second video interview soon after. Week 2 or 3: You receive an offer. Take the Leap. Apply now. Our demo, in case you missed it: Job Type: Full-time

Example 2

Corus Orthodontists is a growing orthodontic partnership network that provides an ideal balance of support and autonomy for orthodontic specialists at all stages of their careers. We are one of the fastest growing orthodontic partnerships with over 40 practices, in both Canada and the USA, and employ over 750 team members. As an Accounting Manager, you play a pivotal role in the establishment of policies, processes, and controls in the Accounting team. You are involved in the integration of external system to our accounting Software (Sage Intacct), as well as automating existing procedures. This is a meaningful leadership role that will allow you to add high value and positively impact our fast-paced and rapidly growing company in a short period of time. As with any rapidly growing organization, a hands-on, solution-oriented mindset is critical. *What you will be doing - key responsibilities: * * Review current accounting processes and provide recommendations on how to improve systems and procedures * Design and implement features and procedures to enhance the accounting department’s workflow * Mentor and coach junior team members on how to complete monthly processes in a timely and accurate manner * Analyze accounting data and assist in the production of monthly, quarterly, and yearly financial statements * Prepare key corporate level journal entries including purchase price allocation and entity acquisition entries * Respond to inquiries from the executive team and other managers * Support our Director of Finance with special projects, including the integration of operational applications with accounting software *About you: * * Can manage multiple stakeholders, deliverables, timelines, and competing priorities * Are a self-starter who is willing to roll up your sleeves and research information you don’t know to make work happen * Enjoy strategic thinking, but can also operate at a tactical level very efficiently * Are approachable and enjoy networking and connecting with diverse groups to draw out creative inspiration * Can effectively perform in a fast-paced, start-up environment – comfortable creating new systems and procedures with limited resources and need for speed to implementation * Possess exceptional interpersonal and communication skills, with the ability to communicate effectively verbally and in writing to gain buy in across the organization * Have a customer-focused mindset and demonstrated ability to work well with different levels of the organization, including frontline staff, doctors, managers, and senior leaders * Have demonstrated ability to balance working very well independently as well as functioning as a highly adaptive and collaborative team member * Are a strong problem-solver *What you bring – qualifications: * * Five or more years of experience in an accounting role * Three or more years of experience in a management role with direct reports * A CPA designation *Where you will be working/other important information: * * This position is remote and can be performed from Ontario or Alberta * You will work a regular 40-hour per week schedule, Monday to Friday *What you will benefit from: * * Being part of a collaborative and engaging team that prioritizes employee development * Partnering with and learning from an experienced network of professionals * A competitive total rewards package with an employee benefits program that includes extended health coverage, a health spending account and an employee & family assistance program *How to Apply: * We know that applying to a new role takes a lot of work and we sincerely value your time and your interest in Corus Orthodontists. We’re looking forward to reading your application. We thank all applicants, though only those selected for an interview will be contacted. Corus has a strong commitment to diversity and inclusion and all candidates will be considered. Job Types: Full-time, Permanent Additional pay: * Bonus pay Benefits: * Disability insurance * Employee assistance program * Extended health care * Life insurance * Paid time off * Vision care * Work from home Schedule: * Monday to Friday Experience: * accounting: 5 years (required) * people management: 3 years (required) * workflow process/efficiency: 3 years (preferred) * CPA/CA/ACCA (required)

Example 3

*About the company* Established in 2004, Eco Guardian (the “Company”) has been recognized as one of Canada’s fastest growing companies by _Canadian Business _magazine for five consecutive years. We create environmentally sensible packaging and related items for a fast-emerging market of eco-conscious consumers who demand eco-conscious products. Operating from Newmarket, Ontario, we design, manufacture, and distribute single-use compostable food packaging and reusable shopping bags for consumers, food service companies, and commercial and institutional customers. *About the position* Reporting directly to the President & CEO, the Cost Accounting Manager is part of the leadership team of a small and fast-growing company. This role provides leadership to the accounting and finance team and provides insightful financial information to facilitate executive decisions. Responsibilities include: · Overseeing and coaching two direct reports · Reviewing financial reports and statements for management, other stakeholders · Preparing product costings, customer wise price list, product wise margin analysis · Preparing annual budgets and 3- and 6-month cash flow forecasts · Maintaining an adequate system of accounting records · Ensuring the presence of an effective set of controls to mitigate risk · Ensuring accuracy of reported financial results and compliance with GAAP · Enabling auditors to render accurate judgment on Company financial statements Crucially, you will share our commitment to protecting the environment by offering products that are organic or eco-friendly in nature. *What we offer* · We won’t let you sink or swim—we will train and mentor you · A chance to further develop your financial leadership skills in a fast-growing company · A mix of working on-site and working from home · Instant access to new trends in the eco industry · Tim Horton’s and Starbucks five minutes away *Main Responsibilities* _Finance and Control_ · Prepare and present product costing, pricing, margin analysis, and ations · Support operational and sales functions through planning and forecasting · Facilitate efficient, timely, and accurate documenting of transactions · Oversee AP and AR, reconcile accounts, provide forecasts, and monitor cash flow · Report on month-end and create custom reports for senior management · Prepare and present financial reports to senior management and identify risk · Establish and maintain internal controls to support financial infrastructure · Inventory management, control, and reconciliation · Prepare detailed budgets for review by President & CEO · Gather and organize financial data for accurate accounting of results · Monitor cash flow and expenses through internal controls and flag discrepancies _Supervisory_ · Provide team members with healthy, safe, and respectful work environment · Set priorities, develop work schedule, and monitor progress towards goals · Meet with each team member regularly to review progress, plan ahead · Actively participate in recruitment, selection, and orientation of new hires · Keep up to date on matters relating to employment law and HR practices *Qualifications and Requirements* · CA or CMA designation preferred · At least 5 years of experience overseeing accounting and finance, including costing and pricing, ideally in distribution or manufacturing environment · Track record of success in overseeing and coaching team members, identifying inefficiencies, gathering information, report writing, and presenting recommendations to management · Experience in inventory management preferred · Superb math skills and strong time management skills (ability to prioritize) · Excellent interpersonal, presentation, and written communication skills · High level of comfort with Microsoft Office and video conferencing software · Ability to compile, analyze, and interpret financial information · Willingness to work outside of regular business hours as needed *Profile* · Passion for team building and mentoring · Focus on customer service and problem-solving · Natural relationship builder · Unfazed under pressure · Intellectually curious *How to apply* If you are passionate about working with numbers and coaching people, and being at the cutting edge of organic and eco-friendly product development, please send us your resume and cover letter. Job Types: Full-time, Permanent Salary: $90,000.00-$120,000.00 per year Additional pay: * Bonus pay Benefits: * Dental care * Extended health care * Paid time off Schedule: * Monday to Friday COVID-19 considerations: For the duration of the pandemic, only a limited number of staff are allowed on-site. Rapid testing is mandatory for employees who come in. No outsiders are allowed inside the office. Common surfaces are sanitized regularly and thoroughly. Experience: * costing and accounting: 5 years (preferred) * CA or CMA designation (preferred)

Example 4

*Position : Accounting Manager* Location: Bolton Ontario Must have: Own transport. at least five years of experience, as well as solid communication, technology and analytical abilities. A bachelor’s degree in accounting or finance. *Job Description: * Looking for a Skilled Accounting Manager with Expert knowledge of Quickbooks Desktop and Online. Working knowledge of enterprise resource planning (ERP) systems is also valuable. Excellent excel skills and knowledge of all aspects of accounting and Inventory control. Job involves preparing and/or reviewing appropriate ledger entries and reconciliations, monthly, quarterly and annual financial statements; assisting with regulatory reporting as applicable, Coordinating and preparing the budget process and cost variance reports, managing intercompany transactions and hiring, training and supervising the accounting staff. (Day to day invoicing and collections when applicable) *Please apply only if you meet the requirements. Suitable candidate hired upon practical knowledge test and reference check only. * *Contact: Cell: 647-898-2351* Reference ID: Accounting Manager Expected start date: 2022-02-07 Job Type: Full-time Salary: per year Additional pay: * Bonus pay Benefits: * On-site parking Schedule: * Day shift * Monday to Friday COVID-19 considerations: Yes. All Covid protocols are strictly followed by the Company and the employees. Education: * Bachelor's Degree (preferred) Experience: * accounting: 4 years (preferred) Work remotely: * No

What does an Accounting Manager do?

An Accounting Manager is responsible for a company’s accounting processes. They manage daily accounting operations of the company and make sure that every critical function has a backup in place at all times. Apart from maintaining existing policies, an Accounting Manager also creates new internal accounting policies. This position addresses many accounting activities that include the support of forecast and budget activities, year-end audit preparation, financial reporting, and general ledger preparation. They report to the Controller, who oversees all the financial departments of a company.

Accounting Manager skills and qualifications

An Accounting Manager requires a set of skills related to the industry and those that are specific to the company they wish to work for. A successful Accounting Manager needs various prerequisite skills and qualifications, including:

  • Proficiency with various accounting software programs
  • Strong written and verbal communication skills 
  • Thorough understanding and knowledge of professional accounting terminology, techniques, theories, and principles
  • Attention to detail and proven ability to analyze large amounts of data 
  • Sound knowledge of management, finance, and accounting principles
  • Excellent leadership abilities
  • Superior data analysis and data management skills
  • Thorough knowledge of Generally Accepted Accounting Principles (GAAP)

Accounting Manager experience requirements

An Accounting Manager typically needs five years experience in an Accountant or a similar role that deals in numeracy. Experience with QuickBooks, ERP systems, and accounting databases and software is expected. Candidates with experience in hiring, training, and supervising employees are preferred.

Accounting Manager education and training requirements

An Accounting Manager candidate needs a bachelor’s degree in finance, accounting, or a related field. Candidates with a master of business administration (MBA) or additional relevant college diploma have an advantage. Look for candidates with their Chartered Professional Accountant (CPA) designation. All candidates should have a thorough knowledge of budgeting and financial forecasting concepts.

Accounting Manager salary expectations

According to Indeed Salaries, the average salary for an Accounting Manager in Canada is $77,866 per year. This salary varies depending on the location, employee experience, and hiring company.

Job description samples for similar positions

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Accounting Manager job description FAQs

What is the difference between the Accounting Manager and Controller?

An Accounting Manager oversees other Accountants and provides direction within a specific financial department or branch of an organization. A Controller has a higher level of authority and responsibility, and plays a supervisory role over all financial departments and staff. 

What makes a good Accounting Manager?

A good Accounting Manager understands the budgeting needs and details of their department or organization. They work to save the department from unnecessary expenditure and can forecast spending habits. They keep up with industry trends and learn about advanced software programs that speed up the accounting process. An excellent Accounting Manager provides support and acts a helpful resource for their team members.

What are the personality traits of a good Accounting Manager?

It is vital for Accounting Managers to be ethical, trustworthy, and reliable. They must be organized, and strive for perfection in regard to accuracy. They should be mathematically competent and enjoy working with numbers. A good Accounting Manager is open to new ideas and can facilitate communication between members of a team. They can lead their department and ensure everyone is working on individual tasks that drive the team towards a common goal.

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