Management Accountant Responsibilities:
1. Gathering and interpreting information to evaluate the efficiency of financial procedures.
2. Analysing key financial data and advising senior management on strategic planning.
3. Developing and implementing cost-effective financial policies and procedures, as well as mitigating financial risks.
4. Preparing financial reports and budgets, as well as controlling and forecasting income and expenditure.
5. Overseeing accounting procedures and supervising junior financial department staff.
6. Monitoring auditing and taxation practices, as well as evaluating benefits and compensation packages.
7. Ensuring that financial management policies and procedures adhere to regulatory standards.
8. Performing financial recordkeeping, as well as protecting sensitive and confidential information.
9. Keeping informed of regulatory requirements and best practices in management accounting.
Management Accountant Requirements:
10. Bachelor’s degree in accounting, finance, or similar.
11. Member of CMA, ACCA, CIMA or other body.
12. A minimum of two years’ experience as a management accountant in business.
13. Proficiency in business management and accounting software.
14. Extensive knowledge of accounting standards and financial regulations.