Job Title: Chief Accountant
The Chief Accountant is a key leader who manages and directs all accounting activities. They are responsible for ensuring financial reports are accurate, timely, and in compliance with all relevant accounting standards (like GAAP or IFRS), regulations, and internal policies. This role involves leading the accounting team, managing financial operations, and providing strategic financial guidance to the company's leadership.
Role Overview
The Chief Accountant is a key leader who manages and directs all accounting activities. They are responsible for ensuring financial reports are accurate, timely, and in compliance with all relevant accounting standards (like GAAP or IFRS), regulations, and internal policies. This role involves leading the accounting team, managing financial operations, and providing strategic financial guidance to the company's leadership.
Key Responsibilities
- Financial Reporting: Oversee the preparation and analysis of all financial statements, including income statements, balance sheets, and cash flow statements. This includes providing timely and accurate financial reports to senior management, the board of directors, and external stakeholders.
- Budgeting and Forecasting: Collaborate with other departments to develop annual budgets and financial forecasts. Monitor performance against these budgets, conduct variance analysis, and recommend corrective actions as needed.
- Financial Operations Management: Supervise day-to-day accounting operations such as accounts payable, accounts receivable, general ledger maintenance, and payroll processing. Ensure internal controls are followed to protect company assets and maintain financial integrity.
- Audit and Compliance: Coordinate and manage the annual financial audit process, liaising with external auditors and regulatory bodies. Address audit findings and implement corrective actions to strengthen internal controls and processes.
- Tax Planning and Compliance: Work with tax advisors to develop and implement tax strategies, ensuring compliance with all tax laws and filing requirements.
- Team Leadership: Lead, mentor, and develop the accounting team, providing guidance and professional development opportunities.
- Systems and Process Improvement: Evaluate and implement financial systems and software to streamline accounting processes, enhance efficiency, and improve reporting capabilities.
- Strategic Support: Provide strategic recommendations to the executive team based on in-depth financial analysis and projections.
Qualifications and Requirements
- Education: A Bachelor's degree in Accounting, Finance, or a related field is typically required. Many Chief Accountants have a Master's degree.
- Experience: A minimum of 7-10 years of progressive accounting experience, including managerial roles.
- Certifications: Professional certifications like a Certified Public Accountant (CPA) or equivalent (e.g., ACCA) are often required or highly preferred.
Skills
- Advanced MS Excel skills.
- Odoo system experience
- Strong knowledge of accounting principles and standards (e.g., GAAP, IFRS).
- Excellent analytical, problem-solving, and communication skills.
- Proficiency in accounting software and financial management systems (e.g., SAP, Oracle, MS Dynamics).
- Strong leadership and team management abilities.
- Exceptional attention to detail and accuracy.
- Ability to work under pressure and meet deadlines.
- Experience coordinating internal and external audits.