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.
Financial Accountant
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.

What can I earn as a Financial Accountant?

The most common salary  for a Financial Accountant is between $95k and $110k
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.
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Source: SEEK job ads and SEEK Profile data

What are employers looking for?

Employers want:
  • CA/CPA
  • Advanced Excel skills
  • Experience with a Big 4 accounting firm
  • Auditing experience
  • Reporting experience
Shortlisted applicants have:
  • CA/CPA
  • Financial reporting experience
  • MYOB
  • Excel
  • Xero
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
Read more
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...
Read more
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
Read more
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.
Read more
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
Read more
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.
Read more
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.
Read more
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.
Read more
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
Read more
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
Read more
5 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Business
Experience
5 - 9 years
Organisation size
Medium (20-199 employees)
Specialisation
Not applicable
The good things
Working as a Financial Accountant is challenging and rewarding, with a variety of responsibilities and potential career paths on offer
The challenges
It can be difficult for women to climb the ladder into more senior management positions, but supportive mentors and a workplace with the right culture make all the difference.
Read more
4 out of 5Feb 2018
Reviewer's Qualification
Chartered Accountancy
Experience
5 - 9 years
Organisation size
Large (200+ employees)
Specialisation
Not applicable
The good things
Everything in accounting is reversible. This means that any errors in this field can be easily fixed. Accounting also allows you to think logically and help your business grow because accounting infor...
The challenges
Small periods of long hours. Accounting sometimes requires you to work back a little bit longer as their are many deadlines to meet at certain parts of the year. If you enjoy your work, this will be a...
Read more
4 out of 5Feb 2018
Reviewer's Qualification
CIMA
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
Fixed assets
The good things
Interesting,variety in tasks
The challenges
meeting the dead line
Read more
3 out of 5Feb 2018
Reviewer's Qualification
bachelor of accounting
Experience
10+ years
Organisation size
Large (200+ employees)
Specialisation
financial department
The good things
accounting is a innovative job
The challenges
my challenge is to be always careful
Read more
4 out of 5Feb 2018
Reviewer's Qualification
Bachelor of Accounting and Finance
Experience
0 - 4 years
Organisation size
Medium (20-199 employees)
Specialisation
Finance
The good things
Leaning new things and considering things from different angles
The challenges
High level of communication skills
Read more
4 out of 5Feb 2018
Reviewer's Qualification
Bsc
Experience
5 - 9 years
Organisation size
Small (1-19 employees)
Specialisation
Properties and fixed asset
The good things
I love my job as I there is a variety. I am able to guide and share my knowledge with my colleagues. Everyday is different.
The challenges
Challenges are time management. It is quite busy during budget and end of financial year. Some times you have to deal with other departments with no knowledge accounts.
Read more
4 out of 5Feb 2018
Reviewer's Qualification
Bachelor
Experience
5 - 9 years
Organisation size
Large (200+ employees)
Specialisation
Finance department
The good things
I have passion in doing my job. Great deals with management and people around the office. This role needs to be up to date with current rulings.
The challenges
Patient with numbers and how to deliver the report with accuracy and on time especially for management and other team.
Read more
3 out of 5Feb 2018
Reviewer's Qualification
master of accounting
Experience
5 - 9 years
Organisation size
Small (1-19 employees)
Specialisation
Not applicable
The good things
FA involves more stardard procedure, analysis and figures, suitable for those who love figures
The challenges
Whole day sitting and starring the screen
Read more
3 out of 5Feb 2018
Reviewer's Qualification
Master of Finance
Experience
5 - 9 years
Organisation size
Medium (20-199 employees)
Specialisation
Finance & Accounting
The good things
The first month as a grad Master of Finance is hard to find the fit jobs with my experiences. So many interview invitations went through but not follow up process. Finally at the end of first month a ...
The challenges
The first month join in the consultant firm is handle audit client's the performance management to give some advice for developing their business fields. It's not easy to describe their performance to...
Read more
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
6.9%
2017
2022
Source: LMIP. Accountants
Latest Financial Accountant jobs on SEEK
Source: SEEK job ads and SEEK Profile data
Source: SEEK job ads and SEEK Profile data