Accounting Analyst Role

Loyal To Cumbria

Job Overview

The Accounting Analyst plays a key role in supporting the company's financial health by preparing accurate financial statements, analyzing accounting data, and ensuring compliance with regulations. This role involves assisting with financial reporting, budgeting, and forecasting, while also helping to identify areas for cost savings and efficiency improvements. The ideal candidate has a strong attention to detail, excellent analytical skills, and a solid understanding of accounting principles.

Key Responsibilities

Financial Reporting & Analysis

• Prepare and analyze financial reports including income statements, balance sheets, and cash flow statements.
• Assist with month-end and year-end closing processes to ensure accuracy and compliance.
• Analyze financial trends and variances, providing actionable insights to management.
• Reconcile general ledger accounts, ensuring all financial transactions are accurately recorded.

Budgeting & Forecasting

• Assist with the preparation and management of budgets for various departments.
• Track budget performance and assist in variance analysis, identifying any discrepancies.
• Help create financial forecasts to guide decision-making and resource allocation.

Compliance & Regulation

• Ensure adherence to GAAP (Generally Accepted Accounting Principles) and local regulations.
• Support external auditors during audits and help ensure that financial data is accurate and compliant.
• Assist with tax preparation and filings, ensuring compliance with tax laws and regulations.

Cost Control & Efficiency

• Monitor expenses and help identify cost-saving opportunities within the organization.
• Provide insights into financial performance and suggest strategies to optimize spending.
• Assist in the development of cost accounting methods and practices for improved efficiency.

Data Entry & Account Maintenance

• Maintain accurate and up-to-date records of financial transactions in the accounting system.
• Process accounts payable and receivable, ensuring all invoices and receipts are handled efficiently.
• Assist in maintaining the chart of accounts, updating as necessary to reflect company needs.

Qualifications

• Bachelor s degree in Accounting, Finance, or a related field.
• 2 4 years of experience in accounting or financial analysis.
• Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle) and Microsoft Excel.
• Strong understanding of accounting principles and financial regulations.
• Detail-oriented with strong problem-solving and analytical skills.
• Excellent communication skills and the ability to work cross-functionally.

Preferred Skills

• CPA or equivalent certification (preferred, but not required).
• Experience with financial forecasting and budgeting.
• Knowledge of tax laws and corporate financial regulations.
• Familiarity with data visualization tools (e.g., Tableau, Power BI) for financial reporting.

Key Performance Indicators (KPIs)

• Accuracy and timeliness of financial reporting and reconciliations.
• Identification of cost-saving opportunities and efficient resource allocation.
• Successful management of month-end and year-end close processes.
• Compliance with financial regulations and audit requirements.