What does a Director of Accounting do?
The Director of Accounting supervises the general accounting and financial reporting functions, as well as financial services within an organization. They also ensure that all transactions and financial policies for their organization meet federal regulations and standards.
As the Director of Accounting, they help manage the organization’s big-picture financial strategy. They analyze financial reports and accounting records to write forecasts about the firm’s financial future.
Director of Accounting Responsibilities
- Oversee the financial strategic planning of the organization by evaluating its performance and potential risks.
- Perform regular financial analysis.
- Develop budgets that meet the requirements of company departments.
- Establish targets and manage all accounting and finance employees including accountants and internal auditors.
- Supervise all audit and internal control processes.
- Prepare detailed reports on the company’s financial performance.
- Guarantee compliance with financial laws and guidelines.
- Recognize patterns in firm-wide spending and revenue, then recommend solutions to any problem areas.
- Coordinate with external financial entities on behalf of the organization.
Director of Accounting Qualifications
- Bachelor’s degree in accounting, finance, or relevant field.
- A minimum of 5 years’ experience in financial management.
- In-depth knowledge of accounting software, rules and regulations, as well as financial analysis.
- Excellent communication and interpersonal abilities.
- An analytical mind with good organizational skills.
- Outstanding leadership skills.
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