Accounting analysts are individuals who spend a lot of time and effort in processing transactional accounting data for their assigned areas of responsibility. In essence, they are the top people who make sure that all financial and accounting transactions within the company are properly handled so that they do not have a negative effect on the internal workings of the organization.
In order to be considered eligible to work as an accounting analyst, you have to possess a bachelor’s degree in accounting or finance at the very least. In addition to this, you must be a highly analytic individual who can delve deep into accounting procedures and handle discrepancies in a prompt fashion. High attention to detail and the ability to work well within a team environment are also prerequisites of working as an accounting analyst. Knowledge of office products, specifically Excel and dedicated accounting software are further rudiments of working as an accounting analyst.
If this is the kind of work that you are interested in, you will have to make sure that your technical skills are strong, and that you possess a professional nature which will help you delve deep into issues, and provide correlating possible solutions – all in an accounting and / or finance capacity. Some duties that you will be performing as an accounting analyst include:
• Perform financial reporting activities along with ensuring procedural consistency in all procedures and processes within the general ledger
• Control and maintain the ledger and ensure timely and accurate production and analysis of reports
• Provide oversight in preparing monthly, quarterly and annual reports for financial reporting such as monthly reporting packages and yearly schedules
• Prepare periodic account reconciliations and ensure that any evident discrepancies are properly handled
• Perform analysis of inventory, selected balance sheets and income statements on a monthly basis
• Assist in performing month-end closing activities, playing special attention to integrity of each accounting post
• Work with the account departments to ensure that both accounts receivable and payable functions are properly handled
• Oversee the preparation of special studies and monthly sales invoices
• Develop and maintain internal financial controls and analyze pertinent accounting data to increase system efficiency
• Create and maintain financial reports, ad hoc and general ledger inquiries
• Handle vendor setup duties and creation and maintenance of purchase orders, and resolution of vendor inquiries
• Ascertain that all payables including travel and entertainment expenses, payrolls and cash management activities are appropriately carried out