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Financial Accountant

Financial Accountant

With financial statements required by law, properly trained and educated Financial Accountants are always in high demand.

What's it like to be a Financial Accountant?

Financial Accountants are responsible for the accounting and financial activities of a company.

Tasks and duties

  • Preparing monthly profit and loss, and balance sheet reports.
  • Preparing cash flow statements and controlling expenditures.
  • Collecting and analysing data used in the preparation of regular estimates.
  • Assisting with end-of-financial-year accounts and statutory accounts.
In particular, Financial Accountants report on costs, productivity, margins and company expenditures to ensure that relevant and reliable information is provided to other departments and external stakeholders.
Financial Accountants oversee the reporting of a company's financial statements; these documents are required by law.

What can I earn as a Financial Accountant?

The most common salary  for a Financial Accountant is between $80k and $90k
Source: SEEK job ads and SEEK Profile data

How to become a Financial Accountant

To work as a Financial Accountant, a bachelor's degree in the financial field is required, and a Chartered Accountant (CA) or Certified Practising Accountant (CPA) qualification is desirable and likely to offer a competitive edge.
  1. Complete a bachelor degree in the field of accounting. This could be a Bachelor of Accounting or a Bachelor of Business (Accounting). These are usually three year courses and are open to anyone who is 17 years of age or older and has completed year 12 with the necessary Universities Admission Index.
  2. Work for three years gathering professional experience in finance, accounting or business and undertake professional development activities each year.
  3. Complete a Graduate Diploma of Chartered Accounting (GradDip CA) or a CPA program.

Explore Financial Accountant qualifications

To become a Financial Accountant, you'll need to complete a degree in the financial field, such as a Bachelor of Accounting. Browse qualifications and institutions, and find a course to suit your needs.

Duration 3 yrs - 6.5 yrs
16 institutions offering this qualification
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Duration 1 yr - 6 yrs
27 institutions offering this qualification
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Duration 1 yr - 7 yrs
34 institutions offering this qualification
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Source: SEEK job ads and SEEK Profile data

What skills are employers looking for?

Employers want:

  • Written skills
  • Self motivation
  • Initiative
  • Auditing
  • Organisational skills

Shortlisted applicants:

  • Ms office proficiency
  • Certified practicing accountant
  • Team work
  • Reconciliations
  • Thoroughness
Source: SEEK job ads and SEEK Profile data

How do Financial Accountants rate their role?

Latest reviews from 19 Financial Accountants surveyed on SEEK

Latest reviews

3 out of 5Feb 2018
Reviewer's Qualification
Post Grad BComm Accounting
Experience
5 - 9 years
Organisation size
Large (200+ employees)
Specialisation
Accounts
The good things
Being in finance is very satisfying if you enjoy the numbers but you need to find that role the gives you the satisfaction in all aspects. Eg i prefer management accounting while others enjoy financia...
The challenges
Work life balance is difficult with constant deadlines
4 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Commerce
Experience
5 - 9 years
Organisation size
Medium (20-199 employees)
Specialisation
Corporate
The good things
Every day is different. Your title may be Financial Accountant but your real job is to put out any fires that may crop up in the finance and accounting and administration space. One day you may be on ...
The challenges
Depending on where you work, the last couple of days of the month and the first few days of the next month may be extremely busy. "Month end" is synonymous with late nights and frenzy to close the boo...
4 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Finance
Experience
5 - 9 years
Organisation size
Large (200+ employees)
Specialisation
Not applicable
The good things
Being able to complete financial reporting and help management to make decisions
The challenges
Tight deadlines and changes in business to meet challenged business environment
4 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Commerce and Economics
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Not applicable
The good things
Financial Accounting is a fabulous work. It helps employer to account for all financial transaction and reporting based on current accounting standards.
The challenges
Able to keep up with the changing landscape of new Accounting Standards and application.
4 out of 5Feb 2018
Reviewer's Qualification
Bachelor
Experience
0 - 4 years
Organisation size
Small (1-19 employees)
Specialisation
Not applicable
The good things
Fun
The challenges
Time consuming
3 out of 5Feb 2018
Reviewer's Qualification
Bachelor of business and information Managment
Experience
0 - 4 years
Organisation size
Large (200+ employees)
Specialisation
Not applicable
The good things
As a Financial Accountant, you need to know all parts of the business and understand how business operate.
The challenges
It is very very busy during the month end period. You may need to work over time to finish the month end accounts.
4 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Commerce
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Finance
The good things
Good compensation relative to some other professions and there's a good mix of routine and variety. There's also a clear career path into senior roles both in Finance and in business generally.
The challenges
Routine month-end tasks can get repetitive. Also balancing these with project work and other responsibilities can lead to significant pressure.
5 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Accountancy
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Not applicable
The good things
My role is diverse. From the usual month end, stats prep, review of junior works, I allso do process improvements, testing and documentation, helping others and technical accounting.
The challenges
Ability to multitask and understand the end to end process.
4 out of 5Feb 2018
Reviewer's Qualification
Bsc Busuiness Administration (Finance) Degree
Experience
0 - 4 years
Organisation size
Large (200+ employees)
Specialisation
Corporate accounting
The good things
if like working with numbers, this is it
The challenges
It is a great opportunity to see how the whole organization work in financial point of view
5 out of 5Feb 2018
Reviewer's Qualification
Advanced diploma in accounting and financial services
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Accounts financial
The good things
Financial, management is my expertise and is what I am keen to work, it comes with challenges however just makes me stronger and strives me to keep learning love it
The challenges
Time management in meeting deadlines can be stressful however with a. Positive attitude and a can do motivational enthusiastic personality it will be done on time
Source: SEEK Role Reviews

What are the job opportunities for Financial Accountants?

Find out how the job market is trending

Job opportunities

Financial Accountant jobs on SEEK
Source: SEEK

Projected job growth

National increase over next 5 years
4%
2018
2023
Source: LMIP. Accountants
Latest Financial Accountant jobs on SEEK
Reo Group
Sydney > Ryde & Macquarie Park
Outstanding opportunity for a Financial Accountant to join the finance team of this US listed industrial giant, engage with all business stakeholders
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TravelCard
Sydney > CBD, Inner West & Eastern Suburbs
Global Rollout | Financial Accountant | Senior | Travel Insurance | Make your mark | Exceptional Customer Experience | Enthusiasm & Passion
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Michael Page
Melbourne > CBD & Inner Suburbs
Great new year opportunity for an ambitious Senior Financial Accountant.
Hays Accountancy & Finance
South West Coast VIC
Successful manufacturing business seeking an experienced Financial Accountant from a corporate background.
Company logo
Source: SEEK job ads and SEEK Profile data

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