Accounting Close Job Description
Accounting Close Duties & Responsibilities
To write an effective accounting close job description, begin by listing detailed duties, responsibilities and expectations. We have included accounting close job description templates that you can modify and use.
Sample responsibilities for this position include:
Accounting Close Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Accounting Close
List any licenses or certifications required by the position: CFA, CIMA/CPA/CA
Education for Accounting Close
Typically a job would require a certain level of education.
Employers hiring for the accounting close job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Accountancy, Finance, Business, Accounting, Economics, Business/Management, Management, Communication, English, Technical
Skills for Accounting Close
Desired skills for accounting close include:
Desired experience for accounting close includes:
Accounting Close Examples
Accounting Close Job Description
- Manage quarterly balance sheet fluctuation analysis and review with senior management
- Implement best practices to make the close and compliance processes more efficient and prevalent across the stakeholder organizations
- Leads complex accounting analysis and auditing for Close & Reporting
- Prepare a variety of complex financial and/or cost activities, statements and/or reports including but not limited to trial balances, balance sheets, financial statements, profit-and-loss statements or statements of sourcing and application of funds
- Supplies or explains data to customers, secures information, or describes data which could be made available
- Serves as an internal resource to colleagues and assists in their development and training
- Preparation of inputs to the financial reports of all structured entities in scope, covering data gathering, data polishing, data reporting, and local/regulatory reporting, as deemed appropriate
- Performs Quality Assurance on outputs delivered by the Team
- Creates, updates and reviews KCP and QA checklist to ensure RTB tasks are performed in accordance to their CTQ’s, and delivers expected results
- As a process expert, helps the team navigate through various process issues and facilitate internal training and knowledge transfer for both existing and new team members
- Conduct revenue recognition
- Supervise and review weekly AP vouchers and manage cash disbursements
- Has held a solid leadership/management position for at least 2 years
- Ensures team compliance to governance requirements including critical decision-making
- With a degree in Accountancy, Banking, Business Management, Economics, and other finance/business-related discipline, with solid experience in financial analysis and management reporting in-depth knowledge of restructuring and restatements
- Finds common ground and can gain collaboration among senior management, colleagues and peers
Accounting Close Job Description
- Owns the Accounting and Close process – covers the areas of process design (Shared Service Center design & system), process fixes, reporting and improvement of productivity and process KPI’s, design, test and implement process improvements
- Identifies, designs/tests and implements projects that will generate productivity, improved service levels or simplification for end-users
- Perform finance and accounting process functions but not limited to cost calculations, cost bookings, accounts payable invoicing/settlement, fixed asset processing, analytical review, reconciliation, substantiation, financial commentary and reporting process in adherence to Global Accounting policy
- This role works closely with the Financial Directors to provide insight and analysis over the financials and accounts within their remit with regards to the to the changes within the bank’s organization that would then lead to transfer of figures reported in a specific structure into an amended structure
- Maintains engage with key stakeholders in all the phases of R&R cycle
- Performs review of contracts and performs complex government billing and support tasks in an Accounts Receivable department
- Prepares analysis of inception to date costs contract costs and prepares final invoices
- Reviews contracts and contract briefs to ensure invoice compliance with contract
- Coordinates and participates in the research and analysis of accounting and financial data
- Performs analysis and reporting for assigned projects and/or programs
- Strong experience with public company compliance requirements
- Understanding of US GAAP and SEC rules/regulations related reporting requirements
- Strong ability to implement and improve processes
- PC/ workstation skills
- Adapting quickly and positively to changing situations
- Responsible for managing ad-hoc requests and deliverables for internal & external stakeholders
Accounting Close Job Description
- Compiles data and prepares a variety of highly complex reports
- Recommends improvements and/or changes to processing methods and techniques
- May act as primary contact for inquiries from internal and external representatives
- Reviewing and overseeingt the daily and month-end NAV for close-ended funds including investor statements, customized reporting, shareholder activity, reimbursement/recoupment expense calculations and calculation of any asset-based fees
- Assisting in the review of operating expense budgets, reviewing monthly expense payments, (including 12b-1 payments from the funds) and monitoring budgeted verses actual expenses
- Providing review of performance and other such calculations for funds
- Reviewing and/or preparing supporting information and performing an initial review of quarterly, semi-annual, and annual SEC filings (e.g., N-SAR, N-CSR, N-Q)
- Reviewing and overseeing dividend and tender process
- Ensuring accurate preparation and timely delivery of financial statements and regulatory filings while following rules and regulations established by SEC, U.S. GAAP
- Coordinating with internal teams, research issues, facilitate issue resolution, and providing general assistance to on accounting and reporting matters
- Degree in Accountancy or other Financial area, with relevant work experience in the area
- Managing the monthly closing process for intercompany and balance sheet with responsibility for processing journal entries, balancing the general ledger to the reporting systems, and completing account reconciliations
- Providing accurate and timely completion of the Annual Report Template and Contractual Obligations Template., which serves as the basis for developing more than 50% of the consolidated company’s 10k and annual report disclosures
- Processing general ledger transactions and completes all other closing tasks in the specified timeframe in accordance with company policy and GAAP
- Completing financial plans and reports for departments, brands, equities, business units, or company to provide visibility to prospective financial performance and facilitate the delivery of financial results to company expectations
- Performing account reconciliations and completes then within specified time frame to ensure clean balance sheet accounts
Accounting Close Job Description
- Overseeing and staying up to date with the latest technical accounting research related to new and proposed accounting standards
- Assisting with the implementation of technology and processes to support the new SEC N-PORT and N-CEN filings
- Supervise and manage the performance of Senior Accountant(s)
- Lead a team of about 10 people including senior team leads & accountants
- Be responsible to develop, implement and maintain systems, policies and procedures, to ensure accurate compilation, analysis and reporting of accounting data within defined timelines
- Be expected to partner with appropriate management levels to establish strategic objectives and plans for the organization
- Ensuring robust financial controls, effective and efficient processes to protect the assets of the corporation
- Handling statutory audits and leading adoption of new a/c standards such as IFRS and related regulatory compliance
- As first line manager, coach staff to navigate through complexities and develop their skill sets continuously as a first line manager
- Close ProcessReview and approve journal entries during month end close process
- Working with IT to troubleshoot and correct process issues, and create and enhance KNA reporting capabilities
- Providing analysis, insights, and recommendations to ensure financial expectations are met
- Contributing to an effective control environment by performing required Section 404 Testing / Sarbanes Oxley Reporting
- Assisting with preparation of audit files for external audits and assists with inquiries during audit process
- Providing advice, direction and input to business units
- Bachelor’s degree in Finance, Accounting or related field with accounting experience
Accounting Close Job Description
- Oversee Managed Services team supporting Line of Business
- Manage the process for preparation and review of the monthly balance sheet and income statement in accordance with GAAP
- Oversee the monthly consolidation process and balancing of inter-company accounts
- Assist with financial reporting including preparation and review of assigned notes to annual and quarterly stand-alone financial statements
- Review support for quarterly SOX and controls testing
- Review journal entries and account reconciliations for multiple accounts
- Supervise research and analysis of account balances and transactions
- Oversee the analysis and research for period-over-period reporting variances and document explanations
- Manage the preparation of the monthly close package
- Support the preparation of the quarterly investor presentation materials
- Strong analytical and communication skills to handle complex accounting problems, be extremely detail-oriented
- Strong understanding of accounting principles and US GAAP Experience
- Responsible for handling ad-hoc requests and deliverables for internal & external stakeholders
- Five to Seven years of experience in an accounting environment
- Strong communication, interpersonal and networking skills, ability to interpret and clearly communicate information, best practices and lessons learned with internal and external parties
- International Accounting Qualification (ACCA, ACA, CIMA, CPA, CMA) a plus