The management accounts manager is a person who looks after a company's account by providing appropriate financial information and undertakes related accounts administration. Your responsibilities include preparing reports and financial statements, undertaking financial administration, and ensuring spending is in line with budgets. Not only this, but also analyzing your company's financial performance and making longer-term forecasts, supervising a team of accounting technicians, developing financial policies, and recommending ways of cutting costs.
Furthermore, you are to work with all departments and the management team to help make financial decisions, negotiate and obtain finance for major projects, control and forecast income and expenditure, and create business strategies to generate shareholder value.
This position requires a bachelor's degree in accounting, business, management, or related field. To be a management accounts manager, you must have good oral and written communication skills, excellent analytical skills, and the ability to work as part of a team and lead the team. Your average annual salary is $58,495.
There is more than meets the eye when it comes to being a Management Accounts Manager. For example, did you know that they make an average of $31.35 an hour? That's $65,207 a year!
Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.
There are certain skills that many Management Accounts Managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Communication skills and Detail oriented.
If you're interested in becoming a Management Accounts Manager, one of the first things to consider is how much education you need. We've determined that 68.8% of Management Accounts Managers have a bachelor's degree. In terms of higher education levels, we found that 11.3% of Management Accounts Managers have master's degrees. Even though most Management Accounts Managers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Management Accounts Manager. When we researched the most common majors for a Management Accounts Manager, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Management Accounts Manager resumes include Associate Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become a Management Accounts Manager. In fact, many Management Accounts Manager jobs require experience in a role such as Accountant. Meanwhile, many Management Accounts Managers also have previous career experience in roles such as Account Manager or Staff Accountant.