What does an assistant manager/accounting do?
An assistant manager/accounting analyzes financial information and prepares financial reports for the identification or maintenance of liabilities, tax liability, asset, or other financial activity records. Assistant managers report to the management with regards to the finances of the organization or establishment. They supervise the design of branch inventory levels through software procedure and installation implementation. Their duties also include the analysis of quarterly project profitability which determines individual project loss or income and research.
Assistant manager/accounting responsibilities
Here are examples of responsibilities from real assistant manager/accounting resumes:
- General ledger reconciliations and report of month-end closing to local management and headquarter always accomplishing with deadlines.
- Conduct corporate treasury management planning and analysis, manages controls for inventory and cost accumulation for all products sell.
- Settle lawyer trust account statements and bank accounts on a monthly basis; paid co-attorney time billing via QuickBooks.
- Confirm and send wires, ACH payments, and positive pay files.
- Assist clients in setting up QuickBooks and provide advanced training for QuickBooks clients.
- Create new customer account setup procedures to complete SOX compliance and remove any internal control issues.
- Coordinate monthly closing processes to ensure all corporate deadlines are meet and information is presented in accordance with IFRS and GAAP.
- Calculate income and amortization accruals for fix income and mortgage- back securities.
- Create monthly closing journal entries including accruals, financial statement preparation and distribution.
- Perform complex general accounting functions including preparation of journal entries, account analysis and balance sheet reconciliations.
- Produce foreign subsidiary financial statements and supporting schedules require for all local reporting requirements in accordance with local GAAP requirements.
- Develop and implement SOX internal control reviews for accounting and provisioning, develop key takeaways, and make require recommendations.
- Assist bookkeeper with monthly financial close responsibilities, including reconciliation of various general ledger accounts, payroll and non-payroll relate.
- Assist in AP approvals/Finance approvals/Customer account approvals.
Assistant manager/accounting skills and personality traits
We calculated that 12% of Assistant Managers/Accounting are proficient in Reconciliations, CPA, and GAAP. They’re also known for soft skills such as Analytical skills, Communication skills, and Organizational skills.
We break down the percentage of Assistant Managers/Accounting that have these skills listed on their resume here:
- Reconciliations, 12%
Performed quarterly and monthly General Ledger account reconciliations and SOX Certification affecting both the balance sheet and income statement.
- CPA, 10%
Supported year-end accounting closing activities and interacted with company CPA on a regular basis.
- GAAP, 9%
Produced foreign subsidiary financial statements and supporting schedules required for all local reporting requirements in accordance with local GAAP requirements.
- External Auditors, 4%
Create cost savings, productivity and timeliness by accepting and supplying work paper documentation for external auditors.
- Internal Controls, 4%
Monitored effectiveness of Company policies, procedures and recommended modifications to increase efficiency and/or improve internal controls.
- Financial Reports, 4%
Performed research related to various financial reports and accounting issues to support interpretations and conclusions over presentation of financial statements.
Common skills that an assistant manager/accounting uses to do their job include "reconciliations," "cpa," and "gaap." You can find details on the most important assistant manager/accounting responsibilities below.
Analytical skills. The most essential soft skill for an assistant manager/accounting to carry out their responsibilities is analytical skills. This skill is important for the role because "to assist executives in making decisions, financial managers need to evaluate data and information that affects their organization." Additionally, an assistant manager/accounting resume shows how their duties depend on analytical skills: "generated monthly financial reports detailing budget versus actual analysis. "
Communication skills. Many assistant manager/accounting duties rely on communication skills. "financial managers must be able to explain and justify complex financial transactions.," so an assistant manager/accounting will need this skill often in their role. This resume example is just one of many ways assistant manager/accounting responsibilities rely on communication skills: "filed sales tax reports for retail and telecommunications divisions in 40+ states; responsible for research and keeping up with changes. "
Organizational skills. assistant managers/accounting are also known for organizational skills, which are critical to their duties. You can see how this skill relates to assistant manager/accounting responsibilities, because "because financial managers deal with a range of information and documents, they must have structures in place to be effective in their work." An assistant manager/accounting resume example shows how organizational skills is used in the workplace: "spearheaded the development of financial reports, which aided in organizational as well as financial decision-making processes. "
Detail oriented. A big part of what assistant managers/accounting do relies on "detail oriented." You can see how essential it is to assistant manager/accounting responsibilities because "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." Here's an example of how this skill is used from a resume that represents typical assistant manager/accounting tasks: "transferred details from separate journals to general ledgers or data processing sheets. "
Math skills. Another common skill required for assistant manager/accounting responsibilities is "math skills." This skill comes up in the duties of assistant managers/accounting all the time, as "financial managers need strong skills in certain branches of mathematics, including algebra." An excerpt from a real assistant manager/accounting resume shows how this skill is central to what an assistant manager/accounting does: "provide timely reporting to management on key statistics and financial data. "
The three companies that hire the most assistant manager/accountings are:
- Marriott International4 assistant managers/accounting jobs
- Kforce2 assistant managers/accounting jobs
- Lowe's Companies2 assistant managers/accounting jobs
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Compare different assistant managers/accounting
Assistant manager/accounting vs. Accounting manager/controller
An accounting manager/controller is responsible for spearheading and overseeing the daily operations in a company's accounting department. They monitor the company's budgets, including its costs and expenditures, and produce financial reports. It is also their duty to establish objectives and guidelines, manage accounting staff, monitor financial activities, review and assess financial statements, approve expenditures, and resolve issues promptly and efficiently. Furthermore, as an accounting manager/controller, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
While similarities exist, there are also some differences between assistant managers/accounting and accounting manager/controller. For instance, assistant manager/accounting responsibilities require skills such as "strong analytical," "calculation," "purchase orders," and "accruals." Whereas a accounting manager/controller is skilled in "cash management," "payroll taxes," "journal entries," and "oversight." This is part of what separates the two careers.
Accounting managers/controller tend to make the most money working in the technology industry, where they earn an average salary of $89,839. In contrast, assistant managers/accounting make the biggest average salary, $82,807, in the insurance industry.The education levels that accounting managers/controller earn slightly differ from assistant managers/accounting. In particular, accounting managers/controller are 2.4% more likely to graduate with a Master's Degree than an assistant manager/accounting. Additionally, they're 0.1% more likely to earn a Doctoral Degree.Assistant manager/accounting vs. Management accounts manager
A management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that assistant manager/accounting responsibilities requires skills like "internal controls," "financial reports," "sox," and "strong analytical." But a management accounts manager might use other skills in their typical duties, such as, "customer service," "client facing," "strategic account management," and "project management."
Management accounts managers may earn a higher salary than assistant managers/accounting, but management accounts managers earn the most pay in the energy industry with an average salary of $108,174. On the other hand, assistant managers/accounting receive higher pay in the insurance industry, where they earn an average salary of $82,807.In general, management accounts managers achieve similar levels of education than assistant managers/accounting. They're 0.0% more likely to obtain a Master's Degree while being 0.1% more likely to earn a Doctoral Degree.What technology do you think will become more important and prevalent for assistant manager/accountings in the next 3-5 years?
Josh Sauerwein
Associate Professor of Accounting, George Fox University
Assistant manager/accounting vs. Accounts receivable manager
An accounts receivable manager is responsible for overseeing the financial matters in a business or company, focusing on the generated sales and income. Moreover, they are also responsible for maintaining an accurate and efficient collection of payments, conducting research and analysis, and supervising the workforce, striving to meet all the goals within the allotted time. As a manager in the department, it is also vital to lead fellow skilled professionals and implement the policies and regulations of the company or organization.
The required skills of the two careers differ considerably. For example, assistant managers/accounting are more likely to have skills like "cpa," "gaap," "external auditors," and "internal controls." But a accounts receivable manager is more likely to have skills like "customer service," "payroll," "customer accounts," and "cash application."
Accounts receivable managers make a very good living in the technology industry with an average annual salary of $83,928. On the other hand, assistant managers/accounting are paid the highest salary in the insurance industry, with average annual pay of $82,807.accounts receivable managers typically earn similar educational levels compared to assistant managers/accounting. Specifically, they're 4.4% less likely to graduate with a Master's Degree, and 0.4% less likely to earn a Doctoral Degree.Assistant manager/accounting vs. Accounting supervisor
Account supervisors are in charge of the accounting and financial operations within an organization's accounting department. They supervise the account team and provide feedback about their performance and recommend improvements when necessary. It is their responsibility to review the company's financial statements for accuracy. They even reconcile the enterprise's general ledger accounts and oversee the communications and marketing plans of the clients. Also, they maintain profitable and long-term customer relationships to keep the trust of the clients.
Types of assistant manager/accounting
Updated January 8, 2025
