What is a Financial Services Accounting Job?
Financial services accounting jobs are positions within the finance industry that require professionals to manage and oversee financial accounts. These jobs can be found in a variety of industries, including banking, investment management, insurance, and real estate. Financial services accounting jobs require individuals who are detail-oriented, analytical, and able to manage large amounts of financial data. These professionals work to ensure that financial statements are accurate and that companies are in compliance with accounting regulations.
What Usually Do in This Position?
Individuals working in financial services accounting jobs are responsible for managing financial accounts and ensuring that all financial statements are accurate and in compliance with accounting regulations. They may work with a variety of financial data, including revenue and expense reports, balance sheets, income statements, and tax returns. These professionals may also be responsible for creating financial reports, analyzing financial data, and forecasting financial trends.
Top 5 Skills for Position
- Strong analytical skills
- Attention to detail
- Ability to work with large amounts of financial data
- Knowledge of accounting regulations and standards
- Strong communication skills
How to Become This Type of Specialist
To become a financial services accounting specialist, individuals typically need a bachelor's degree in accounting or a related field. Many employers prefer candidates who have a master's degree in accounting or business administration. Additionally, individuals may need to obtain certification as a Certified Public Accountant (CPA) or Certified Management Accountant (CMA) to be considered for certain positions.
Average Salary
The average salary for financial services accounting jobs varies depending on the industry and location. According to the Bureau of Labor Statistics, the median annual wage for accountants and auditors was $73,560 in May 2020.
Roles and Types
Financial services accounting jobs can be found in a variety of industries, including banking, investment management, insurance, and real estate. Some common roles in financial services accounting include:
- Accountant
- Auditor
- Tax Specialist
- Financial Analyst
- Controller
Locations with the Most Popular Jobs in USA
Financial services accounting jobs can be found in many locations across the United States. Some of the most popular cities for these jobs include:
- New York, NY
- Chicago, IL
- San Francisco, CA
- Houston, TX
- Atlanta, GA
What Are the Typical Tools?
Financial services accounting professionals typically use a variety of tools to manage financial data and create reports. Some common tools used in this field include:
- Accounting software (such as QuickBooks or Sage)
- Spreadsheet software (such as Microsoft Excel)
- Financial analysis software (such as Bloomberg or FactSet)
- Enterprise resource planning (ERP) software (such as SAP or Oracle)
- Database software (such as Microsoft Access)
In Conclusion
Financial services accounting jobs are important positions within the finance industry that require individuals who are detail-oriented, analytical, and able to manage large amounts of financial data. These professionals work to ensure that financial statements are accurate and that companies are in compliance with accounting regulations. To become a financial services accounting specialist, individuals typically need a degree in accounting or a related field, as well as certification as a CPA or CMA. The average salary for these jobs varies depending on the industry and location, and financial services accounting professionals typically use a variety of tools to manage financial data and create reports.