If you’ve been thinking about a career in finance, you may be wondering just what kind of jobs are there in accounting.
The fact is, there are many different types of jobs for Accountants – more than you may have realised.
Being an Accountant doesn’t mean you have to stick to just the one career path. There are plenty of different options out there, depending on your interests, passions and career goals. With a career in accounting and the number of choices on offer, you really are only limited by your imagination (and we bet you’ve never seen the words “accounting” and “imagination” in the same sentence before)!
Finance is a great industry to begin a career in, as it’s constantly growing and there will always be high demand for qualified professionals.
Here is our list of just some of the jobs that are available for Accountants plus job descriptions.
Accounts Payable Officer
As an Accounts Payable Officer, you’ll be responsible for reviewing, processing, verifying and reconciling all payments from the company you work for to third parties. You’ll also need to prepare monthly financial reports and expenses statements to track budgets.
To become an Accounts Payable Officer you do not need a Bachelor degree. However, a VET qualification in accounting can help open doors for you.
Accounts Receivable Officer
The other side of the coin to the Accounts Payable Officer, an Accounts Receivable Officer’s role is to make sure that a company is receiving the right amount of funds from third parties and tracking cash flow. You will need to maintain an efficient billing system, process payments, and ensure that payments are being made based on agreed-upon terms. If payments are overdue, then it will be your responsibility to track these payments and raise the issue with a senior financial professional, and maybe even assist in negotiations.
Like an Accounts Payable Officer, you do not need a university degree to become an Accounts Receivable Officer. These are probably two of the more traditional roles for Accountants, which can offer you a great place to start your career and offer you room to move.
People sometimes confuse bookkeeping with accounting. While the two roles are similar, they are not the same. Put simply, a Bookkeeper is someone who maintains a company’s financial books. This may involve data entry, running reports, reconciliation, paying bills, and any other task that helps a business’s finance operations run smoothly. Becoming a Bookkeeper is another great choice for people looking to break into the finance industry without requiring a degree. However, a VET qualification will look great on your resume.
A Financial Planner helps people manage their – you guessed it – finances. You will analyse and assess your clients’ finances before advising them on making smart and informed decisions. As a Financial Planner, you can provide advice to individuals or businesses on how they should invest, as well as give them on advice on tax laws.
Auditors perform inspections of financial accounts in organisations, both in the public and private sectors. These inspections are known as audits. As an Auditor, you’ll need to have great attention to detail as you review accounts to ensure the legality of a company’s financial records.
This is a highly specialised role that would appeal to anyone who has a keen eye for detail and strong analytical thinking skills. Forensic Accountants specialise in detecting crimes like fraud and embezzlement by searching for financial irregularities.
As you’ve probably guessed from the name, Tax Accountants specialise in taxation. Given the sometimes complicated nature of taxes, for both individuals and corporate businesses, a Tax Accountant needs to stay continuously up to date with the latest news and changes to do with tax law. People rely on Tax Accountants to provide them with advice and to help them understand how much tax they need to pay.
To work as an Insolvency Accountant, you need to have good communication skills, and you also need to be a good diplomat. When a business enters into financial difficulty, an Insolvency Accountant may need to step in and help guide the company through the process by identifying assets that can be sold, renegotiating existing finances, and explaining legislation where needed. Sometimes, with the help of an Insolvency Accountant, struggling businesses may be able to bounce back.
Chief Financial Officer (CFO)
If you’re a hard-working financial professional who is intent on climbing the corporate ladder, you could work your way up to the level of CFO. As a CFO, you’ll be overseeing every aspect of the business’s finances. You’ll have many people relying on you, so it’s imperative that you have strong communication skills and exemplary leadership skills. This is one of the highest paying roles you could pursue in the finance sector, depending on the industry you find yourself working in.
Ready to begin a career in finance?
Open Colleges offers the FNS40217 Certificate IV in Accounting and Bookkeeping, which has been developed in consultation with industry experts to make sure you’re learning the skills employers are looking for today.
You’ll learn all about the fundamentals of accounting and bookkeeping, how to prepare financial reports and manage operational budgets, manage business activity statements and much more.
A career in accounting has never been more exciting.