Senior Staff Accountant Goals and Objectives Examples
Complete monthly financial statements accurately and timely.
Ensure compliance with GAAP and company policies and procedures.
Manage accounts payable and accounts receivable processes.
Reconcile bank accounts and credit card statements.
Assist in the budgeting process.
Prepare and file quarterly and annual tax returns.
Timely and accurate completion of all audit requests.
Participate in the development and implementation of new accounting procedures.
Maintain fixed asset records and depreciation schedules.
Provide financial analysis to management as requested.
Ensure accuracy of payroll accounting, including taxes and benefits.
Review contracts and agreements for financial implications.
Conduct variance analysis to compare actual results to budgeted results.
Oversee cash management activities, including forecasting cash flows.
Maintain accurate inventory records.
Assist with month-end and year-end closing procedures.
Collaborate with internal and external stakeholders to resolve accounting issues.
Identify areas for process improvement and implement changes as needed.
Analyze financial data to identify trends and make recommendations based on findings.
Continuously develop knowledge of accounting principles and regulations.
Work collaboratively with other departments to achieve company objectives.
Communicate effectively with stakeholders at all levels of the organization.
Provide training and guidance to staff accountants.
Coordinate with external auditors during annual audits.
Prepare ad-hoc reports as requested by management.
Assist with acquisition due diligence efforts.
Ensure all financial transactions are properly recorded and documented.
Proactively identify risks and opportunities related to accounting practices.
Maintain confidentiality of sensitive financial information.
Ensure compliance with SOX requirements.
Monitor compliance with internal controls and recommend improvements as needed.
Develop and maintain a system for tracking revenue and expenses by department.
Implement best practices for expense reporting and reimbursement processes.
Assist in the preparation of financial forecasts and projections.
Manage intercompany transactions, including reconciliations and eliminations.
Provide support for investor relations activities, including preparing investor presentations and facilitating investor meetings.
Support the development of the annual operating plan and strategic plan.
Monitor industry trends, regulations, and standards to ensure compliance.
Ensure proper treatment of complex accounting transactions, such as revenue recognition and stock-based compensation.
Collaborate with IT department to ensure accuracy and reliability of financial systems.
Work with legal team to ensure compliance with contract terms related to finance matters.
Create and maintain accounting policy manuals to ensure consistency and accuracy of financial reporting across the organization.
Manage deferred revenue and other accruals related to customer contracts.
Assist with due diligence efforts related to mergers and acquisitions.
Prepare monthly journal entries for various general ledger accounts.
Participate in cross-functional teams to drive process improvements throughout the organization.
Maintain communication with external vendors related to accounting matters, such as insurance providers and benefit plan administrators.
Assist in the preparation of the annual report and other SEC filings as required.
Ensure compliance with state and local tax regulations across all jurisdictions where the company operates.
Support treasury function by managing daily cash balances, preparing wire transfers, and maintaining relationships with banks and other financial institutions.
Develop internal reporting tools to facilitate decision-making by senior management.
Analyze complex financial data sets using advanced Excel functions or other software tools.
Serve as a resource for other members of finance team regarding technical accounting issues or complex transactions.
Collaborate with HR department to ensure proper coding of expenses related to employee benefits programs.
Follow established procedures for month-end close, including journal entry preparation, account reconciliations, accruals, etc.
Develop effective working relationships with key stakeholders outside of finance department (e.g., sales, operations).
Manage accounting for international subsidiaries, including foreign currency translation and consolidation of financial statements.
Participate in special projects as assigned by senior management team.
Prepare financial models to evaluate potential business opportunities or scenarios (e.g., pricing changes, expansion into new markets).
Develop policies and procedures related to travel & entertainment expenses, credit card usage, petty cash, etc.
Ensure proper recording of leases under ASC 842 lease accounting standard.
Prepare schedules related to equity transactions (e.g., stock option exercises, vesting events).
Review contracts for compliance with revenue recognition guidelines under ASC 606 standard.
Collaborate with sales team to ensure proper recording of revenue from customer contracts.
Support FP&A team in developing financial forecast models or performing sensitivity analyses on key assumptions.
Participate in cross-training initiatives to gain exposure to other areas of finance or accounting within the organization.
Ensure proper coding of expenses related to capital expenditures (CAPEX) or research & development (R&D) projects.
Prepare schedules related to goodwill impairment testing or other intangible asset valuation assessments as needed.
Develop dashboards or other visualization tools to help senior management track key performance indicators (KPIs) or other metrics relevant to the business.
Provide support for investor relations activities, including preparing earnings releases or facilitating analyst calls/meetings.
Monitor compliance with debt covenants or other contractual obligations related to financing arrangements (e.g., lines of credit, convertible notes).
Assist in the preparation of IRS Form 1099s or other tax-related documents required under federal or state law for vendor payments over a certain threshold amount (e.g., $600).
Partner with IT department to ensure security and integrity of financial data stored in computer systems or shared via networks or cloud-based platforms/services.
Develop a deep understanding of industry-specific regulations or standards that impact the company's operations (e.g., FDA regulations for medical devices).
Monitor compliance with lease agreements related to real estate or equipment rentals/leases (e.g., rent escalations, renewal options, termination clauses).
Ensure accurate recording of inventory costs (e.g., FIFO/LIFO methods) and calculations of inventory reserves (e.g., obsolescence, excess/deficit provisions).
Prepare schedules related to stock-based compensation expenses under ASC 718 guidelines (e.g., option grants, RSUs, ESPPs).
Support finance team in conducting benchmarking analyses against peers or industry averages across key metrics (e.g., gross margin, EBITDA margin).
Manage accounting for mergers or acquisitions involving the company or its subsidiaries (e.g., purchase accounting adjustments, goodwill impairment testing post-transaction).
Ensure proper treatment of foreign exchange gains/losses on hedging activities or other financial instruments used by the company (e.g., interest rate swaps).