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Key Responsibilities and Required Skills for Accounts Executive

💰 $50,000 - $75,000

AccountingFinanceCorporate FinanceAccounts Management

🎯 Role Definition

An Accounts Executive is responsible for managing and maintaining the financial accounts of an organization, ensuring accurate reporting, timely transactions, and effective account reconciliations. This role supports strategic financial planning, liaises with clients or internal departments, and monitors the organization’s financial performance. The Accounts Executive ensures compliance with accounting standards, implements internal controls, and provides insights to support business growth and financial efficiency.

📈 Career Progression

Typical Career Path

Entry Point From:

  • Accounts Officer
  • Junior Accountant
  • Finance Assistant

Advancement To:

  • Senior Accounts Executive
  • Accounts Manager
  • Finance Manager

Lateral Moves:

  • Accounts Payable Executive
  • Accounts Receivable Executive

Core Responsibilities

Primary Functions

  1. Maintain accurate financial records, including accounts payable, accounts receivable, and general ledger entries.
  2. Prepare and process invoices, receipts, payments, and expense reimbursements according to company policies.
  3. Perform account reconciliations to ensure the accuracy of financial statements.
  4. Monitor and track account balances, identifying discrepancies and resolving them promptly.
  5. Support month-end and year-end closing activities, including journal entries and accruals.
  6. Prepare financial reports for management, highlighting key metrics and variances.
  7. Manage client accounts, ensuring timely invoicing, collections, and communication.
  8. Assist in budget preparation and variance analysis for financial planning.
  9. Monitor cash flow and support working capital management.
  10. Liaise with vendors and internal teams to resolve payment or billing issues.
  11. Ensure compliance with statutory regulations, internal controls, and GAAP standards.
  12. Support audit processes by providing documentation and reconciliations as required.
  13. Track and manage fixed assets, depreciation, and amortization schedules.
  14. Assist in implementing and maintaining accounting systems and ERP software.
  15. Analyze financial data to support management decision-making and strategic planning.
  16. Identify and recommend process improvements to enhance efficiency and accuracy in accounting operations.
  17. Maintain confidentiality and security of financial information.
  18. Assist with tax calculations, filings, and compliance reporting.
  19. Coordinate with cross-functional teams to ensure accurate and timely reporting.
  20. Provide training and guidance to junior accounting staff as needed.

Secondary Functions

  • Support ad-hoc financial analysis and management reporting.
  • Contribute to process improvement initiatives and ERP system upgrades.
  • Collaborate with cross-functional teams to ensure smooth financial operations.
  • Participate in training, development, and change management initiatives within the finance department.

Required Skills & Competencies

Hard Skills (Technical)

  • Proficiency in accounting software and ERP systems (SAP, Oracle, QuickBooks, NetSuite)
  • Solid understanding of GAAP and accounting principles
  • Experience with accounts payable, accounts receivable, and general ledger management
  • Advanced Microsoft Excel skills (pivot tables, VLOOKUP, formulas)
  • Knowledge of financial reporting and statutory compliance
  • Ability to perform account reconciliations and resolve discrepancies
  • Understanding of budgeting, forecasting, and financial analysis
  • Familiarity with tax regulations and payroll processing
  • Data entry accuracy and record-keeping skills
  • Experience with ERP systems and financial process automation

Soft Skills

  • Strong attention to detail and numerical accuracy
  • Excellent written and verbal communication skills
  • Analytical and problem-solving abilities
  • Time management and organizational skills
  • Team collaboration and cross-department coordination
  • Professional integrity and ethical handling of confidential data
  • Adaptability to evolving financial systems and processes
  • Customer service orientation in dealing with clients and vendors
  • Proactive approach to process improvement
  • Ability to manage multiple priorities in a deadline-driven environment

Education & Experience

Educational Background

Minimum Education:
Bachelor’s Degree in Accounting, Finance, or Business Administration

Preferred Education:
Master’s Degree in Accounting, Finance, or MBA

Relevant Fields of Study:

  • Accounting
  • Finance
  • Business Administration

Experience Requirements

Typical Experience Range:
2–5 years of experience in accounting, finance, or corporate accounting roles

Preferred:
3+ years of progressive experience in accounts management, ERP systems, financial reporting, and account reconciliation within corporate or organizational finance environments.

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