Key Responsibilities:
1. Financial Reporting:
- Prepare and analyze financial statements (balance sheets, income statements, cash flow statements) in accordance with GAAP or IFRS.
- Ensure timely and accurate reporting to management and stakeholders.
2. General Ledger Maintenance:
- Oversee the maintenance of the general ledger, ensuring all transactions are recorded accurately.
- Reconcile accounts and resolve discrepancies.
3. Budgeting and Forecasting:
- Assist in the preparation of annual budgets and financial forecasts.
- Monitor budget performance and provide variance analysis.
4. Tax Compliance:
- Prepare and file tax returns, ensuring compliance with federal, state, and local regulations.
- Stay updated on changes in tax laws and regulations that may affect the organization.
5. Audit Support:
- Coordinate and assist with internal and external audits.
- Prepare necessary documentation and respond to auditor inquiries.
6. Cost Accounting:
- Analyze cost structures and provide insights on cost-saving opportunities.
- Monitor inventory levels and assess inventory valuation methods.
7. Financial Analysis:
- Conduct financial analysis to support strategic planning and decision-making.
- Provide insights on profitability, cash flow, and operational efficiency.
8. Team Leadership:
- Mentor and supervise junior accountants or accounting staff.
- Provide training on accounting principles and practices.
9. Compliance and Controls:
- Ensure compliance with accounting policies, procedures, and internal controls.
- Identify areas for improvement in processes and controls.
10. Software Proficiency:
- Utilize accounting software (e.g., ERP systems) for financial reporting and analysis.
- Stay updated on technological advancements in accounting tools.