In businesses of a certain size, it’s crucial to have someone to act as a buffer between the Chief Financial Officer or Controller and staff accountants. That someone is typically an Accounting Manager, and the position requires a unique mix of qualifications. Accounting Managers need to have in-depth knowledge of everything having to do with financial reporting, managing the work of other accountants and communicating with financial executives. Here’s an idea of what to look for when hiring an Accounting Manager. Education and experience Most Accounting Managers have at least an undergraduate degree in Accounting or Business Administration. Some might even possess a graduate degree. But academic experience isn’t enough for this role. A successful Accounting Manager also needs two to five years of real-world experience. That experience gives them a thorough understanding of financial reporting and general ledger structure. If you are in a very technical field like construction, you might also want someone with knowledge and experience in this field. The Accounting Manager will not just be performing accounting work. He or she will also hire and help train replacement staff accountants. Therefore, they need to have a good understanding of what they are doing to take the lead. Specialized certifications such as Certified Public Accountant (CPA), Certified Management Accountant (CMA), or Chartered Global Management Accountant (CGMA) are also good indications that your potential Accounting Manager has gone the extra mile to develop expertise in their area. Attention to detail An Accounting Manager must be highly detail-oriented. Each and every day, an Accounting Manager must make sure the company has enough cash flow to stay in business. This includes ensuring that money due is collected and vendors are paid, tracking all income and expenses and making sure checks are deposited. All of these daily transactions lead up to overseeing an accurate and timely monthly, quarterly and year-end close and financial reports. Also, an Accounting Manager must always consider how accounting policies and procedures can be approved. Many businesses implement accounting policies and then forget about them, but accounting technology and best practices are always evolving. It takes someone Read More »
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