Management Accountant Job Description

What is the job description of a Management Accountant? What are the duties and responsibilities of a Management Accountant? What does a Management Accountant do?

Job description of a Management Accountant

Management Accountant is a professional who is responsible for collating and analyzing financial information in order to prepare organizational performance reports with an overall goal of assisting management in strategic decision making.

They establish and maintain financial policies and management information systems, as well as provide a high quality support service by liaising with management colleagues on all aspects of finance. The role combines accounting skills with business management skills.

A Management accountant’s role is to look to the future. They analyze the performance of a business and advise on how to pre-empt problems, adapt to changing circumstances and improve value. This is done by managing and reducing operational and production costs and implementing newer, more effective strategies. Management Accountants can work in a specific division or across the whole organization.

This Management Accountant job description example includes the list of most important Management Accountant duties and responsibilities as shown below. It can be modified to fit the specific Management Accountant profile you're trying to fill as a recruiter or job seeker.

Management Accountant Duties and Responsibilities

Management Accountant job description should contain a variety of functions and roles including:

  • Gather and analyze financial information
  • Support budgeting and funding
  • Assist the company in managing its investment portfolio
  • Generate weekly, periodic and monthly reports
  • Advise on problems and suggest improvements
  • Supervise lower-level personnel
  • Assume responsibility of accounting procedures
  • Evaluate the company’s performance using key data
  • Make forecasts to assist business planning and decision-making
  • Conduct risk assessment and advise on ways to minimize risk
  • Liaise with external auditors to ensure all deadlines/requirements are achieved

Management Accountant Requirements / Skills / Qualifications

Management Accountant job description should include these common skills and qualifications:

  • B.Sc/BA in accounting, finance or similar field
  • Relevant certification will be preferred
  • Proven experience as management accountant, accounting supervisor or similar role
  • Solid knowledge of basic and advanced accounting and financial principles and practices
  • Analytical mind with aptitude in math
  • Excellent communication and presentation skills
  • A problem-solver with attention to detail
  • Organizational and leadership skills
  • Excellent knowledge of cost accounting and reporting
  • Excellent knowledge or risk analysis, budgeting and forecasting
  • Working knowledge of financial software and MS Office

As a hiring manager, recruiting an ideal Management Accountant starts with crafting a good job description. Use this Management Accountant job description template to save yourself time and help you attract the most qualified candidates. Feel free to revise it to meet your specific needs.

Job seekers interviewing for the role of a Management Accountant may also reference it in preparation for the interview.