Accounting is the process of recording financial statements and records, as accounting is a highly demanded opportunity. The value of accountants is rapidly increasing. New accountants must have skills like business knowledge and proficiency, oral and written communication skills, management of financial budget, and time most crucial, time management.
As there are many job opportunities for an accountant in different accounting fields, I discuss the top 3 Accounting Careers for new accountants.
- IT consultant
- Auditor
- Financial Examiner
IT Consultant
Accounting technology is a versatile technology, and in accounting, technology plays an essential role.
As part of the global world now, every field requires digital marketing and IT. IT professionals with exceptional knowledge are necessary for accounting systems. IT consultants must know about digital accounting processes and the management of account clouds. It is also essential for Its consultants to understand how to share the data with accounting systems and communication skills. IT knowledge is further related to many other fields of an accountant, like Customer relationship management (CRM).
IT consultant or accounting consultant’s most familiar work in this field is preparing financial statements, analyzing economic data, and advertising the finance issue. These consultants also help in the services of business as an employee of accountant consultants. Some similar jobs related to IT professionals are business managers and account advisors.
According to an estimate, the average salary of an accountant consultant is $129,000 per year, which further increases with time with experience.
Auditor
The auditor notices the financial record of the company as well as checks the accuracy too. The most common responsibility is to examine and organize the financial statement, ensuring tax filing time and management. Accountants in this category are highly paid workers in this field. The estimation of the average salary of an auditor in accounting is about $76,000, which further increases with professional experience.
Many types of auditors exist, including budget analysts, financial analysts, personal financial advisors, financial managers, and management analysts. Some of the most important duties that the auditor in accounting performs are examining the financial statement, preparing tax returns, updating company financial records, and giving ideas on reducing costs and increasing profit.
Different careers opportunity for the auditor is both in the government and private sectors as managing auditor to manage the financial statements of that sectors. It includes finance, insurance, accountancy, tax management, payroll services, etc. Top companies for auditor positions include ICIC Group, L & T Finances, Deloitte, PWC, KPMG, and many others.
Financial Examiner
The career of Finance Examiner, which is also commonly referred to as Bank Examiner, is a highly sought-after path for those entering the accounting profession. Individuals in this role are employed by the Federal Deposit Insurance Corporation and are tasked with monitoring the financial health of banks. This involves conducting thorough reviews of balance sheets, preparing detailed reports, and analyzing new regulations as they are introduced. This field presents a range of exciting opportunities for new accountants, including roles such as Bank Compliance Officer, Payroll Examiner, Pension Examiner, and Financial Compliance Examiner, among others. Overall, the position of Finance Examiner offers a challenging yet rewarding career path for those interested in the world of finance and accounting.
The banking industry offers a variety of entry-level positions, with the most common being that of a Bank Examiner. A Bank Examiner’s primary responsibility is to ensure that bank facilities are up to standard, loans are being properly assessed, audits are carried out regularly, and bank assets are analyzed accurately. To excel in this role, a candidate should have a solid understanding of finance, excellent communication skills, and be familiar with bank procedures. As per estimates, the average annual salary for this position is around $81,000. It’s worth noting that job opportunities are available in both the private and public sectors and with experience, there is room for growth and advancement in this field.
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