Junior Accountant assists with various financial tasks under the supervision of a senior accountant or accounting manager. Their responsibilities include recording transactions preparing financial statements and managing accounts payable and receivable. They also play a role in month-end and year-end closing procedures and assist with audits.
Key Responsibilities:
Recording Transactions: Junior accountants are responsible for accurately recording daily financial transactions and maintaining ledgers.
Financial Reporting: They assist in preparing financial reports including balance sheets and income statements.
Accounts Payable & Receivable: They manage accounts payable ensuring timely payment of invoices and update accounts receivable including issuing invoices.
Reconciliations: Junior accountants conduct bank reconciliations and other reconciliation tasks.
Month-End and Year-End Close: They assist with the month-end and year-end closing processes.
Audits: They support senior accountants during audits.
Financial Data Management: They ensure the accuracy and availability of financial data.
Compliance: They adhere to financial regulations and company policies.
Payroll: In some cases they may assist with payroll processing.
Skills Required:
Accounting Principles: A strong understanding of basic accounting principles is essential.
Software Proficiency: Familiarity with accounting software like QuickBooks or SAP is often required.
Attention to Detail: Accuracy and attention to detail are crucial for error-free financial record-keeping.
Communication Skills: Junior accountants need to communicate effectively with team members and other stakeholders.
Analytical Skills: They should be able to analyze financial data and identify discrepancies.
Organizational Skills: Effective time management and organizational skills are important for meeting deadlines.
Qualifications:
A bachelors degree in accounting finance or a related field is typically required.
Some employers may prefer candidates with a masters degree or relevant certifications.
Internship experience is often a plus for entry-level positions.
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