Junior Accountant also known as an Assistant Accountant is an entry-level position responsible for supporting the accounting department. Their duties include preparing financial statements managing accounts payable and receivable processing invoices and assisting with bank reconciliations and month-end close procedures. They work under the supervision of senior accountants or accounting managers.
Key Responsibilities:
Maintaining Financial Records:
Recording and summarizing financial transactions ensuring accuracy and completeness.
Preparing Financial Statements:
Assisting in the creation of balance sheets income statements and other financial reports.
Managing Accounts Payable and Receivable:
Processing invoices payments and expense reports as well as managing customer accounts and collections.
Bank Reconciliations:
Reconciling bank statements and resolving any discrepancies.
Month-End and Year-End Close:
Supporting the preparation of financial reports and completing other tasks associated with the month-end and year-end closing process.
Data Entry and Reporting:
Accurately entering financial data into accounting systems and assisting with the preparation of various reports.
Compliance:
Ensuring compliance with financial regulations and assisting with audits and tax filings.
Communication:
Communicating with internal and external stakeholders regarding financial matters.
Other Accounting Tasks:
Performing various other accounting tasks as assigned by senior staff.
Skills & Qualifications:
Education:
A bachelors degree in accounting finance or a related field is typically required.
Accounting Software Proficiency:
Familiarity with accounting software such as QuickBooks SAP or Tally is often necessary.
Analytical Skills:
The ability to analyze financial data and identify trends or discrepancies.
Attention to Detail:
A high degree of accuracy and attention to detail is crucial for maintaining accurate financial records.
Communication Skills:
Strong verbal and written communication skills are needed to interact with colleagues and stakeholders.
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