What is a Senior Accountant and how to become one?

According to wallstreetmojo.com, a Senior Accountant is a person who is responsible for reporting costs, expenditure, profitability, margins, etc., and performs the lead accounting role in the organization. Their duties are more than a junior accountant like gathering data, preparing journal entries, populating balance sheets, and less than the administrative person like decision making, new product launches, and changes in the management.

This mid-level position plays a critical role in taking ownership of every accounting aspect of an organization, as well as in producing timely reports reflecting the company’s cost-efficiency and productivity, revenue, and expenditures. Assuring that the organization is financially organized.

Job Brief

The Senior Accountant’s role is responsible for reconciling account balances and bank statements. This person should be able to prepare, analyze, and interpret error-free financial records to aid in the organization’s budgeting and financial forecasts. A successful Senior Accountant ensures the accuracy and efficiency of all accounting tasks while managing their junior team members. Finally, the ideal candidate should be able to combine excellent analytical skills with a thorough knowledge of accounting principles and provide suggestions to improve the organization’s accounting processes and systems.

Key responsibilities

The Senior Accountant is expected to maintain the proper books of accounts and the company’s records such as balance sheet, profit and loss account, tax liability, as well as other functions:

  • Maintenance of all other financial activities of the organization.
  • Preparation of budgets and audit errors, for variance analysis.
  • Maintenance of the general ledgers as required by the organization.
  • Generate and analyze financial records and data for the organization.
  • Interpret the financial records and suggest efficient ways to improve accounting processes and avoid possible errors.

Skills and Qualifications

  • Senior Accountant role requires the person to be of a sound knowledge of both mathematics and accounting, especially the use of accounting software.
  • Must pay close attention to details to be able to spot any missing or incorrect data in the records.
  • In most instances, companies require to have a master’s degree to become a Senior Accountant. Additionally, having the right certifications are a plus.
  • For those with a bachelor’s degree, an impressive number of experiences to support their knowledge can help to become a Senior Accountant.
  • Lastly, this role is expected to exhibit strong leadership qualities to guide the junior team members and be able to communicate with top-level colleagues in the organization.

 Average Salary

As stated on Payscale.com, the average salary of a Senior Accountant is $70,084 annually. This will of course vary per company, depending on the other components of the compensation and benefits that they offer.

 

If you’re in finance or accounting and thinking of a change, we would love to talk to you! Check us out at www.seattlefinancial.com for current openings, or give us a call 206-343-8732.