Principal Accountant Job Description

Principal accountant job profile and description

A principal accountant job consists of working with reconciling accounts. He meets with employees from different departments and ensures that all the financial transaction and accounts are being updated and cleared at the earliest.

Principal accountant duties and responsibilities

The duties and responsibilities of a principal accountant are:

  • Using computer models such as latest accounting software and prepare statements that depict cash inflow of the company
  • Auditing of the accounts
  • Understands and follows accounting principles
  • Make suggestions and recommendations in order to increase the profits and eliminate loss
  • Working in collaboration with the other departments of the company and performing analysis and evaluation of data
  • Making financial decision up to a certain limit
  • Keep all the financial records of the company updated
  • Practice high level of accuracy in preparing financial statements and balance sheets
  • May also have to coordinate the functions of various financial personnel

Principal accountant skills and specifications

The skills and specification of a principal accountant are:

  • Excellent accounting skills
  • Excellent analytical and observation abilities
  • Ability to form conclusions and depict future course based on the available financial details
  • Ability to communicate well with all departments in order to ensure that the accounts are accurate
  • Good writing skills in order to make reports to the higher officials in a company
  • Ability to work with high precision and maintain high accuracy in work
  • Ability to meet deadlines and may have to work under stress

Principal accountant education and qualification

The education and qualifications of a principal accountant are:

  • A bachelor’s degree in accounting is mandatory for the job
  • A masters degree helps in good future prospects
  • Most of the companies require at least a two year experience while employing

Principal accountant salary

A principal accountant’s salary ranges between $50,000 and $75,000 per annum. Some companies pay as much as $100,000.