Accounts Analyst Job Description [Updated for 2025]

In today’s financial landscape, the role of accounts analysts is more crucial than ever.

As businesses evolve and financial complexities increase, the demand for skilled individuals who can dissect, interpret, and optimize financial data grows louder.

But let’s break this down: What is really expected from an accounts analyst?

Whether you are:

A job seeker aiming to comprehend the core of this role,
A hiring manager crafting the profile of the perfect candidate,
Or simply curious about the dynamics of account analysis,

You’re in the right place.

Today, we present a customizable accounts analyst job description template, designed for effortless posting on job boards or career sites.

Let’s dive straight into it.

Contents show

Accounts Analyst Duties and Responsibilities

Accounts Analysts use their financial knowledge and analytical skills to interpret and manage financial data for businesses and clients.

They are responsible for providing financial advice and making sure the company’s financial operations are in line with legal regulations.

They have the following duties and responsibilities:

Analyze financial data and create reports for management
Prepare financial statements such as balance sheets, income statements, and cash flow statements
Assist with budget preparation and budget forecasting
Track expenses and revenues vs. budget and reforecast and analyze fluctuations
Perform monthly balance sheet, income statement and changes in financial position/budget variance analysis
Research and resolve accounting issues including invoice discrepancies and other issues
Recommend financial actions by analyzing accounting options
Comply with federal, state, and local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions
Protect organization’s value by keeping information confidential
Update job knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations.

Accounts Analyst Job Description Template

Job Brief

We are in search of a detail-oriented and proficient accounts analyst to provide financial, administrative, and clerical support to our organization.

The Accounts Analyst’s responsibilities include preparing financial reports, managing accounts payables and receivables, budgeting, forecasting, conducting variance analysis, and ensuring smooth operations of our financial department.

Our ideal candidates have exceptional analytical skills, sound knowledge of financial principles, and a proven track record in financial analysis and reporting.

Responsibilities

Review and verify invoices for appropriate documentation prior to payment
Perform monthly reconciliations
Monitor accounts to ensure payments are up to date
Prepare analysis of accounts, as required
Assist with month end closing
Provide supporting documentation for audits
Manage and track financial transactions and create financial reports
Analyze and interpret financial data and recommend changes to improve systems and financial performance
Work closely with the financial team to assist in budgeting and forecasting

Qualifications

Proven work experience as an Accounts Analyst or similar role in the Financial sector
Excellent understanding of accounting principles
Proficiency in financial software and MS Office
Experience with budgeting and forecasting
Ability to handle large amounts of data
Exceptional attention to detail
Strong mathematical and analytical skills
BSc degree in Accounting, Finance or relevant field

Benefits

401(k)
Health insurance
Dental insurance
Retirement plan
Paid time off
Professional development opportunities

Additional Information

Job Title: Accounts Analyst
Work Environment: Office setting with options for remote work. Some travel may be required for team meetings or client consultations.
Reporting Structure: Reports to the Finance Manager or Chief Financial Officer.
Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
Pay Range: $55,000 minimum to $75,000 maximum
Location: [City, State] (specify the location or indicate if remote)
Employment Type: Full-time
Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

What Does an Accounts Analyst Do?

Accounts Analysts typically work for corporations, businesses, and financial institutions where they are responsible for maintaining, processing, and analyzing the company’s financial accounts.

They review and analyze a company’s financial information, ensuring its completeness, accuracy, and compliance with financial laws and standards.

They look into the company’s financial reports, accounting records, and expenditures to detect any discrepancies and provide recommendations to address them.

Their role involves preparing financial statements, forecasting future financial scenarios, and making financial decisions.

They regularly report to management regarding the finances of the organization, providing detailed and understandable reports and presentations.

Accounts Analysts also assist in budget preparation and monitor the company’s spending to ensure it aligns with the budget plan.

They may also be involved in auditing processes, which involves closely examining and verifying the company’s financial statements and records.

They often work closely with other departments, like sales, operations, and marketing, to understand their costs and revenues, and how these figures impact the company’s overall financial health.

They may also be involved in projects to improve financial processes and systems to increase efficiency and accuracy.

Accounts Analyst Qualifications and Skills

An Accounts Analyst must possess a mix of analytical abilities, accounting knowledge, and communication skills to analyze financial records and assist in decision-making processes.

Key qualifications and skills include:

Strong accounting skills to understand and interpret financial statements and accounting principles
Excellent analytical skills to dissect complex financial data and provide accurate financial analysis and forecasting
Advanced proficiency in financial software and databases, as well as Microsoft Excel to perform tasks such as creating spreadsheets, charts, and reports
Exceptional attention to detail in order to spot any irregularities or discrepancies in financial data
Strong communication skills to present financial information and findings to management and other stakeholders in a clear and concise manner
Ability to work effectively both independently and as part of a team
Problem-solving skills to identify, investigate, and rectify financial discrepancies or issues
Strong knowledge in areas of tax, audit, and business law
Ability to manage multiple tasks and prioritize work to meet deadlines

Accounts Analyst Experience Requirements

Entry-level Accounts Analyst positions typically require a bachelor’s degree in Accounting, Finance, Business, or a related field.

In these early stages, experience can be gained through internships, co-op programs, or part-time roles within the financial services sector or an accounting department.

Candidates with 1 to 2 years of experience may have been exposed to various accounting tasks such as maintaining financial records, analyzing budgets, preparing financial reports, and assisting with audits.

This experience can be gained in roles such as Junior Accountant, Audit Associate, or Financial Analyst.

Those with more than 3 years of experience should have a more in-depth understanding of financial principles and regulations, as well as proficiency in accounting software.

They may have also had the opportunity to develop their problem-solving and analytical skills in roles like Senior Accountant, Financial Analyst, or Accounts Receivable/Payable Specialist.

Accounts Analysts with more than 5 years of experience are often expected to have advanced analytical, decision-making, and leadership skills.

At this level, they may have supervised a team or led a significant accounting project.

This experience prepares them for senior or managerial positions within the finance and accounting sector.

Certification as a Certified Public Accountant (CPA) or Certified Management Accountant (CMA) is often beneficial for these roles.

Accounts Analyst Education and Training Requirements

Accounts Analysts typically hold a bachelor’s degree in accounting, finance, business, or a related field.

They need to have a strong understanding of financial principles, budgeting, forecasting and cost control principles, along with proficiency in relevant software such as QuickBooks or Microsoft Excel.

Some positions may prefer candidates with a Certified Public Accountant (CPA) credential or a Master’s degree in Business Administration (MBA) or Finance.

Additional certifications, like Chartered Financial Analyst (CFA) or Certified Management Accountant (CMA), can also be advantageous for certain roles, indicating a high level of expertise and dedication to the profession.

Accounts Analysts are also expected to engage in continuous learning to stay updated with changes in financial regulations and trends in the industry.

Experience with data analysis and financial forecasting is highly valued in this role as well.

Accounts Analyst Salary Expectations

An Accounts Analyst can expect to earn an average salary of $55,000 (USD) per year.

The actual income can fluctuate depending on factors such as years of experience in the field, the complexity of tasks handled, the size of the company, and the cost of living in the job’s geographical location.

Accounts Analyst Job Description FAQs

What skills does an Accounts Analyst need?

An Accounts Analyst needs strong quantitative and analytical skills to interpret financial data.

They need to be proficient in accounting software and databases, and have excellent attention to detail to ensure accuracy in their work.

Good communication skills are also necessary as they often have to present their findings and interact with different teams within the organization.

Do Accounts Analysts need a degree?

Yes, an Accounts Analyst typically requires a bachelor’s degree in Accounting, Finance, or a related field.

Some positions may require an advanced degree or a professional certification such as a Certified Public Accountant (CPA) or a Chartered Financial Analyst (CFA).

What should you look for in an Accounts Analyst resume?

When reviewing an Accounts Analyst’s resume, look for a strong educational background in accounting or finance, and relevant work experience.

Knowledge of accounting software and advanced Excel skills are often required.

Any additional certifications like CPA or CFA can also add value.

Finally, look for evidence of analytical thinking, problem-solving skills, and attention to detail.

What qualities make a good Accounts Analyst?

A good Accounts Analyst is detail-oriented, has strong analytical skills, and is proficient in interpreting financial data.

They should have the ability to work independently and in a team, and possess strong communication skills to effectively interact with other departments.

They should also show integrity due to the sensitive nature of financial information they handle.

Is it difficult to hire Accounts Analysts?

The difficulty in hiring an Accounts Analyst largely depends on the specific requirements of the role and the current job market.

However, given the technical nature of the job and the need for a strong educational background in finance or accounting, finding a qualified candidate can sometimes be challenging.

Offering competitive salaries and professional development opportunities can make the position more attractive to potential candidates.

Conclusion

So there you have it.

Today, we’ve illuminated the dynamic world of being an accounts analyst.

Surprise!

It’s not just about crunching numbers.

It’s about shaping the financial blueprint of a company, one figure at a time.

With our handy accounts analyst job description template and real-world examples, you’re ready to step up your game.

But why not go the extra mile?

Delve deeper with our job description generator. It’s your ultimate tool for crafting laser-precise job listings or polishing your resume to perfection.

Remember:

Every figure you analyze plays a vital role in the bigger financial picture.

Let’s shape that future. Together.

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