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Accounting Manager Careers

Accounting managers supervise the work of bookkeepers at accounting departments, making sure that every financial statement and report is delivered on time. They are responsible for personally managing distinguished clients' accounts, and maintaining a good relationship with the company's key customers is their business as well.

Accounting managers have the nose of a bloodhound when it comes to seeking out new business opportunities, and they are always up to date on the latest strategic financial speculations.

Never underestimate the power of accountants. Ask Al Capone. He would have never been caught if he had paid his taxes on time.

What Does an Accounting Manager Do

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.

Duties

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review company financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports. Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ways to maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry. For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance. Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

The following are examples of types of financial managers:

Chief financial officers (CFOs) are accountable for the accuracy of a company’s or organization’s financial reporting, especially among publicly traded companies. As head of a company’s entire financial department, they manage the lower level financial managers. They oversee the company’s financial goals, objectives, and budgets.

Controllers direct the preparation of financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by governmental agencies that regulate businesses. Often, controllers oversee the accounting, audit, and budget departments of their organization.

Treasurers and finance officers direct their organization’s budgets to meet its financial goals. They oversee the investment of funds and carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm’s expansion. They also develop financial plans for mergers (two companies joining together) and acquisitions (one company buying another).

Credit managers oversee their firm’s credit business. They set credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts.

Cash managers monitor and control the flow of cash that comes in and goes out of the company to meet the company’s business and investment needs. For example, they must project cash flow (amounts coming in and going out) to determine whether the company will have a shortage or surplus of cash. 

Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty. Among the risks they try to limit are those that stem from currency or commodity price changes.

Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks, such as the need to make disability payments for an employee who gets hurt on the job or the costs imposed by a lawsuit against the company.

How To Become an Accounting Manager

Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.

Education

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Licenses, Certifications, and Registrations

Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.

Work Experience in a Related Occupation

Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst. 

In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.

Important Qualities

Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.

Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.

Detail oriented. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.

Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.

Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.

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Average Salary
$79,049
Average Salary
Job Growth Rate
16%
Job Growth Rate
Job Openings
30,191
Job Openings

Accounting Manager Career Paths

Top Careers Before Accounting Manager

Top Careers After Accounting Manager

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Average Salary for an Accounting Manager

Accounting Managers in America make an average salary of $79,049 per year or $38 per hour. The top 10 percent makes over $115,000 per year, while the bottom 10 percent under $54,000 per year.
Average Salary
$79,049

Best Paying Cities

City
ascdesc
Average Salarydesc
New York, NY
Salary Range81k - 135k$105k$105,040
San Francisco, CA
Salary Range69k - 121k$92k$92,074
Washington, DC
Salary Range70k - 120k$92k$92,043
Seattle, WA
Salary Range70k - 106k$87k$86,673
Stamford, CT
Salary Range66k - 110k$86k$85,952
Baltimore, MD
Salary Range65k - 112k$86k$85,807
$49k
$135k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Revenue Accounting Manager
Revenue Accounting Manager
Sonder
Sonder
03/31/2021
03/31/2021
$88,00003/31/2021
$88,000
Accounting Manager
Accounting Manager
Ibotta
Ibotta
03/31/2021
03/31/2021
$90,00003/31/2021
$90,000
Accounting Manager-Consumer Goods/Food & BEV Industry
Accounting Manager-Consumer Goods/Food & BEV Industry
Propeller Industries
Propeller Industries
03/31/2021
03/31/2021
$80,00003/31/2021
$80,000
Manager, Technical Accounting (Contract)
Manager, Technical Accounting (Contract)
Beech Valley Solutions
Beech Valley Solutions
03/30/2021
03/30/2021
$156,52503/30/2021
$156,525
Interim Accounting Manager (Spac)
Interim Accounting Manager (Spac)
Beech Valley Solutions
Beech Valley Solutions
03/30/2021
03/30/2021
$156,52503/30/2021
$156,525
See More Recent Salaries

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Accounting Manager Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming an Accounting Manager. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write an Accounting Manager Resume

At Zippia, we went through countless Accounting Manager resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

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Accounting Manager Demographics

Gender

female

56.4 %

male

39.5 %

unknown

4.1 %

Ethnicity

White

67.0 %

Hispanic or Latino

13.9 %

Asian

9.7 %

Foreign Languages Spoken

Spanish

47.1 %

Chinese

8.4 %

French

6.8 %
See More Demographics

Accounting Manager Education

Majors

Business
25.9 %
Finance
6.6 %

Degrees

Bachelors

68.6 %

Masters

11.1 %

Associate

10.7 %

Top Colleges for Accounting Managers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Public

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. SUNY Farmingdale

Farmingdale, NY • Public

In-State Tuition
$8,306
Enrollment
9,394

9. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

10. SUNY Stony Brook

Stony Brook, NY • Public

In-State Tuition
$9,625
Enrollment
17,407
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For an Accounting Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 14.8% of accounting managers listed procedures on their resume, but soft skills such as analytical skills and communication skills are important as well.

Best States For an Accounting Manager

Some places are better than others when it comes to starting a career as an accounting manager. The best states for people in this position are Alaska, New York, Delaware, and New Jersey. Accounting managers make the most in Alaska with an average salary of $110,361. Whereas in New York and Delaware, they would average $104,511 and $92,684, respectively. While accounting managers would only make an average of $90,518 in New Jersey, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Accounting Manager Jobs:
2,055
Highest 10% Earn:
$168,000
Location Quotient:
1.34
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Delaware

Total Accounting Manager Jobs:
175
Highest 10% Earn:
$152,000
Location Quotient:
1.16
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. District of Columbia

Total Accounting Manager Jobs:
392
Highest 10% Earn:
$151,000
Location Quotient:
1.95
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Accounting Manager Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ accounting managers and discovered their number of accounting manager opportunities and average salary. Through our research, we concluded that Robert Half International was the best, especially with an average salary of $79,238. Randstad USA follows up with an average salary of $81,946, and then comes Walmart with an average of $109,809. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as an accounting manager. The employers include Ally Financial, Equifax, and Okta

1. Robert Half International
4.5
Avg. Salary: 
$79,238
Accounting Managers Hired: 
633+
2. Randstad USA
4.1
Avg. Salary: 
$81,946
Accounting Managers Hired: 
181+
3. Walmart
4.9
Avg. Salary: 
$109,809
Accounting Managers Hired: 
87+
4. Eaton Corporation
4.7
Avg. Salary: 
$108,439
Accounting Managers Hired: 
41+
5. Marriott International
4.4
Avg. Salary: 
$74,601
Accounting Managers Hired: 
40+
6. AT&T
4.8
Avg. Salary: 
$105,208
Accounting Managers Hired: 
39+

Accounting Manager Videos

Updated October 2, 2020