What does a Financial Reporting Manager do?
Published 3 min read
A Financial Reporting Manager is responsible for the preparation and coordination of an organization's financial reporting. This may include overseeing the production of financial statements, coordinating the release of financial information to shareholders and other stakeholders, and ensuring compliance with regulatory requirements. The Financial Reporting Manager may also be responsible for developing and implementing internal controls over financial reporting, as well as providing guidance to other departments on accounting and financial reporting matters.
Financial Reporting Manager job duties include:
- Overseeing the preparation of accurate and timely financial reports
- Ensuring compliance with generally accepted accounting principles (GAAP)
- Coordinating the work of accounting staff members
- Reviewing journal entries and ledgers
- Investigating variances and discrepancies
- Resolving issues in a timely manner
- Supervising the month-end and year-end closing processes
- Preparing balance sheets, income statements, and cash flow statements
- Providing analysis of financial statements
- Assisting with audits
Financial Reporting Manager Job Requirements
The job requirements for a Financial Reporting Manager vary depending on the company. However, most companies require a minimum of a bachelor's degree in accounting or a related field. Additionally, many companies require certification, such as a Certified Public Accountant (CPA) license. Experience is also important for this position, and most companies require at least five years of experience in financial reporting or a related field.
Financial Reporting Manager Skills
- Financial reporting
- Management
- Financial statements
- GAAP
- Financial analysis
- Variance analysis
- Forecasting
- Budgeting
- Planning
- Cost control
- Decision making
- Communication
Related: Top Financial Reporting Manager Skills: Definition and Examples
How to become a Financial Reporting Manager
The role of a financial reporting manager is to oversee the preparation of financial reports for an organization. They are responsible for ensuring that the reports are accurate and comply with regulatory requirements. Financial reporting managers typically have a background in accounting or finance.
To become a financial reporting manager, you will need to have strong analytical and problem-solving skills. You should be able to work independently and be detail-oriented. It is also important to have excellent communication and interpersonal skills, as you will be working with different teams within the organization.
If you are interested in becoming a financial reporting manager, you should consider pursuing a degree in accounting or finance. Having relevant work experience will also be beneficial. Once you have the necessary education and experience, you can apply for positions at organizations that interest you.
Related: Financial Reporting Manager Resume Example
Related: Financial Reporting Manager Interview Questions (With Example Answers)