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Accounting managers are highly in-demand professionals who oversee key aspects of the accounting and finance functions at most companies today. With many finance roles currently going unfilled, what’s more, there are ample opportunities for growth in the field. Companies across industries are always looking to hire these skilled professionals.
Average salaries for accounting managers vary significantly depending on a number of factors, including where you’re located, the company you work for, the scope of your responsibilities and more. With that in mind, average salaries for accounting managers in the U.S. right now range from $76,000 to $102,000 annually. Bonuses, profit sharing and other benefits may also be included in your compensation package. Having cost accounting, people management and financial analysis skills can help increase your salary, too.
Accounting managers manage a team of accounting professionals. Typically working in an office setting, they spend a good part of the day on their computer preparing accounting documents or evaluating the work of team members. Accounting managers may be required to work overtime, at home or weekends to meet tight deadlines. Accounting managers tend to report to the VP of finance or others in senior accounting roles within the company.
Charged with directing the accounting function, accounting managers oversee departments of employees and contractors in both the public and private sectors. In addition to hiring and managing staff, they may also prepare tax and other financial reports. Also, they may interact with departmental managers and others about budgeting and financial policy, and set or evaluate accounting procedures, too.
Other tasks and responsibilities for this role include:
Additional responsibilities may be part of the role depending on how the company defines the position.
With many finance roles going unfilled, there is ample opportunity for experienced accounting manager candidates. While many work for large finance companies within the finance industry, companies in all industries are in need of accounting professionals. California, Texas and Florida are the three states with the highest demand for accounting managers at present.
Accounting manager jobs require the ability to communicate well with employees, senior management, peers and third-party clients and vendors about accounting policies and procedures. Successful candidates for these positions have excellent analytical skills, demonstrate the ability to multitask and always pay attention to detail. They must also have the technical expertise to use accounting software.
Some of the skills required for the job include:
While your specific responsibilities will vary from company to company, the above skills should ensure that you are prepared to handle the role.
An undergraduate degree in accounting, business administration, economics or a related field is required for most accounting management jobs. Some positions require a graduate degree in business administration, as well. Additionally, most jobs at this level require several years of experience in financial areas such as accounting, auditing, budgeting and financial planning and analysis. Management experience is a plus as well. Finally, certification as a CPA is required for most roles in this field.
Accounting managers can attain higher-level management positions such as financial controller, finance manager, finance director, corporate controller and many more. The accounting manager position is also often the launching point for future VPs, directors and CFOs.
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