Junior Accountant supports the accounting department by performing a variety of tasks including data entry maintaining financial records assisting with financial reporting and ensuring compliance with accounting standards. They work under the supervision of senior accountants and contribute to the accurate and efficient management of financial information.
Key Responsibilities:
Recording Transactions:
Junior Accountants meticulously record daily financial transactions ensuring accuracy and adherence to established accounting principles.
Maintaining Financial Records:
They are responsible for organizing and maintaining financial records including ledgers and other accounting documents.
Assisting with Financial Reporting:
They play a crucial role in the preparation of financial statements such as balance sheets and income statements under the guidance of senior accountants.
Reconciliations:
Junior Accountants may conduct bank reconciliations and other reconciliation tasks to ensure the accuracy of financial data.
Processing Invoices and Payments:
They assist with processing invoices payments and other financial documents related to accounts payable and receivable.
Tax Compliance:
They may support tax preparation and ensure compliance with relevant tax regulations.
Audits and Compliance:
Junior Accountants contribute to audits and compliance checks by providing necessary documentation and information.
General Ledger Maintenance:
They assist in maintaining the general ledger which is a comprehensive record of all financial transactions.
Journal Entries:
They may prepare journal entries and adjustments to ensure accurate financial reporting.
Essential Skills:
Accounting Software Proficiency: Junior Accountants need to be comfortable using accounting software packages.
Attention to Detail: Accuracy is paramount and they need to be detail-oriented in their work.
Analytical Skills: They should be able to analyze financial data and identify discrepancies or errors.
Communication Skills: Effective communication is essential for collaborating with team members and reporting findings.
Basic Accounting Principles: A solid understanding of fundamental accounting principles is necessary.
Work experience as an Accountant. Excellent knowledge of accounting regulations and procedures, including the Generally Accepted Accounting Principles (GAAP) Hands-on experience with accounting software like FreshBooks and QuickBooks. Advanced MS Excel skills including Vlookups and pivot tables.
Education
Graduate