What does a management accounts manager do?
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.
Management accounts manager responsibilities
Here are examples of responsibilities from real management accounts manager resumes:
- Manage company strategic initiatives for the Americas.
- Specialize in data collection logistics and documentation on specific vehicles and manage inventory using CRM applications.
- Report directly to the VP of Americas on all sales base initiatives.
- Coordinate financial closings and consolidations working to enhance the Solomon ERP system.
- Serve as project team lead from the accounting department for the ERP system conversion to JD Edwards.
- Conduct quarterly Sarbanes-Oxley testing and documentation.
- Assume overall responsibility to maintain accounts receivable DSO at low acceptable standards.
- Implement weekly/monthly reconciliation process for all customer account activity to meet SOX requirements.
- Deliver SOX / audit / regulatory responsibilities and compliance to ensure a well-control environment.
- Secure necessary securities licenses and certifications require to provide financial planning and investment advisory services.
- Prepare analysis and schedules relate to the quarterly and yearly financial audits and Sarbanes-Oxley compliance audit.
- Define and implement new ontology and taxonomy within existing SharePoint platform resulting in clearly define processes and streamline data mining capabilities.
- Analyze use of CPT and ICD-9 codes and train staff in correct usage so that payment would be at maximum reimbursement.
- Create queries in PeopleSoft to determine if the purchase order are open or close.
- Document systems, write requirements and design PeopleSoft EPM allocations to meet new business needs.
Management accounts manager skills and personality traits
We calculated that 18% of Management Accounts Managers are proficient in Customer Service, Client Facing, and Project Management. They’re also known for soft skills such as Analytical skills, Communication skills, and Detail oriented.
We break down the percentage of Management Accounts Managers that have these skills listed on their resume here:
- Customer Service, 18%
Managed 7 non-exempt staff persons performing database administration and customer service for the subsidiary s regional and national sales representatives.
- Client Facing, 7%
Organized and implemented client facing - 360 brand-positioning strategy sessions for new product development.
- Project Management, 6%
Worked closely with Operations to communicate hope placed by customer and assisted with project management to exceed expectations.
- Customer Satisfaction, 6%
Provided 17 Masterpiece ideas of which 7 were successfully implemented and achieved individual and team objectives including outstanding Customer Satisfaction Awards.
- Business Development, 6%
Assist National FM Business Development Managers in writing/developing/negotiating contract bids/ additions and renewal submissions.
- CRM, 4%
Specialized in data collection logistics and documentation on specific vehicles and managed inventory using CRM applications.
"customer service," "client facing," and "project management" are among the most common skills that management accounts managers use at work. You can find even more management accounts manager responsibilities below, including:
Analytical skills. One of the key soft skills for a management accounts manager to have is analytical skills. You can see how this relates to what management accounts managers do because "to assist executives in making decisions, financial managers need to evaluate data and information that affects their organization." Additionally, a management accounts manager resume shows how management accounts managers use analytical skills: "tax accountant * prepares and analyzes consolidated reporting at a/p and hr level. "
Communication skills. Another essential skill to perform management accounts manager duties is communication skills. Management accounts managers responsibilities require that "financial managers must be able to explain and justify complex financial transactions." Management accounts managers also use communication skills in their role according to a real resume snippet: "facilitated 24/7 communications and process improvement. "
Detail oriented. Another skill that relates to the job responsibilities of management accounts managers is detail oriented. This skill is critical to many everyday management accounts manager duties, as "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." This example from a resume shows how this skill is used: "prepared monthly financial statements including bank reconciliations, cash flow reports, depreciation, and security deposit detail schedules. "
Math skills. A big part of what management accounts managers do relies on "math skills." You can see how essential it is to management accounts manager responsibilities because "financial managers need strong skills in certain branches of mathematics, including algebra." Here's an example of how this skill is used from a resume that represents typical management accounts manager tasks: "developed key performance indicator (kpi) dashboards of financial statistics to assist partners with monitoring, controlling and negotiating costs. "
Organizational skills. Another crucial skill for a management accounts manager to carry out their responsibilities is "organizational skills." A big part of what management accounts managers relies on this skill, since "because financial managers deal with a range of information and documents, they must have structures in place to be effective in their work." How this skill relates to management accounts manager duties can be seen in an example from a management accounts manager resume snippet: "delivered comprehensive accounts receivable management, administrative support, and customer service to advance operations and organizational objectives. "
The three companies that hire the most management accounts managers are:
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Compare different management accounts managers
Management accounts manager vs. Audit manager
An audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.
These skill sets are where the common ground ends though. The responsibilities of a management accounts manager are more likely to require skills like "client facing," "strategic account management," "project management," and "customer satisfaction." On the other hand, a job as an audit manager requires skills like "internal audit," "audit reports," "audit engagements," and "financial services." As you can see, what employees do in each career varies considerably.
Audit managers tend to make the most money working in the manufacturing industry, where they earn an average salary of $122,875. In contrast, management accounts managers make the biggest average salary, $108,174, in the energy industry.audit managers tend to reach similar levels of education than management accounts managers. In fact, audit managers are 4.7% more likely to graduate with a Master's Degree and 0.1% more likely to have a Doctoral Degree.Management accounts manager vs. Risk manager
A risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
In addition to the difference in salary, there are some other key differences worth noting. For example, management accounts manager responsibilities are more likely to require skills like "strategic account management," "customer satisfaction," "crm," and "client relationships." Meanwhile, a risk manager has duties that require skills in areas such as "oversight," "risk assessments," "portfolio," and "strong analytical." These differences highlight just how different the day-to-day in each role looks.
Risk managers may earn a higher salary than management accounts managers, but risk managers earn the most pay in the technology industry with an average salary of $119,668. On the other hand, management accounts managers receive higher pay in the energy industry, where they earn an average salary of $108,174.In general, risk managers achieve higher levels of education than management accounts managers. They're 5.7% more likely to obtain a Master's Degree while being 0.1% more likely to earn a Doctoral Degree.Management accounts manager vs. Tax manager
A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from management accounts manager resumes include skills like "customer service," "strategic account management," "project management," and "customer satisfaction," whereas a tax manager is more likely to list skills in "tax planning," "tax compliance," "tax research," and "indirect tax. "
Tax managers earn the highest salary when working in the finance industry, where they receive an average salary of $96,231. Comparatively, management accounts managers have the highest earning potential in the energy industry, with an average salary of $108,174.Most tax managers achieve a higher degree level compared to management accounts managers. For example, they're 10.7% more likely to graduate with a Master's Degree, and 2.7% more likely to earn a Doctoral Degree.Management accounts manager vs. Credit manager
A credit manager is an individual who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.
Types of management accounts manager
Updated January 8, 2025
