Playing a significant role in running a business, accounting helps you track the financial income expenditures, management, and make sure that statutory compliance can be used in making business decisions. With huge demand, several perks, competitive salaries, accounting as a job profile is really popular nowadays. Thus, it’s quite clear that becoming an accountant, financial officer, auditor, controller, etc in 2022 is a really good choice both for now and in the future.
Basically, accounting or accountancy is all about the measurement, communication, processing of financial and non-financial information about economic entities including corporations and businesses.
Aspirants from different backgrounds such as financial mathematics, commerce, computer science, management, etc, who possess an interest in accounting can choose a career in this field. In this blog, we’ll look at the Top 10 Accounting Jobs and Careers to pursue in 2022 to provide you with an overview of the various job opportunities available in this sector. So, stick to the blog till the end and you’ll be able to make out which profile aligns best with your interests.
So, without wasting any more time, let’s look at the Top 10 Accounting Jobs and Careers to pursue in 2022.
1. Chief Financial Officers
Chief financial officers are the professionals of a company who are primarily responsible for managing the finances of the company, including financial planning, financial risk management, financial analysis, reporting, and record-keeping.
The main roles and responsibilities of these professionals include-
Roles and responsibilities
- track cash flow
- perform financial planning
- analyze the financial strengths and weaknesses of companies
- propose strategic directions
Average salary: ₹34,94,438
2. Controllers
Controllers are basically responsible for overseeing the daily accounting operations of a company including the payroll, accounting, accounts payable, as well as accounts receivable departments. They also help guide the strategic financial decisions of a firm and are therefore integral to the financial health of the company.
Besides, the major roles and responsibilities of these professionals are as follows-
Roles and responsibilities
- develop financial strategy such as risk minimisation plans as well as opportunity forecasting.
- high-level financial analysis and reporting.
- regular budget consolidation.
- manage cash flow.
Average salary: ₹19,01,352
3. Accounting Directors
Accounting directors provide financial projections by coordinating budgets, collecting, analyzing, as well as consolidating financial information, along with advising departments on the analysis of collected data.
Besides, the major roles and responsibilities of these professionals are as follows-
Roles and responsibilities
- developing and maintain accounting procedures and policies.
- plan, organize and coordinate the year-end close process with external and internal auditors.
- ensure the successful completion of the firm’s tax filings.
Average salary: ₹ 39,80,000
4. Tax Accountants
Tax accountants specialize in the rules, laws, and regulations for the calculation and preparation of federal, state, and local taxes. These accountants provide a variety of tax-related services to both businesses and individuals, which may include both preparing and filing tax returns.
Besides, the major roles and responsibilities of these professionals are as follows-
Roles and responsibilities
- maintain financial records and tax for clients.
- prepare tax forms and documents.
- stay updated with tax regulations and laws.
- ensure the complaince of financial documents and statements with laws and regulations.
Average salary: ₹ 1,70,000
5. Senior Accountants
Senior accountants are the professionals who take ownership of reporting costs, margins, productivity, as well as expenditures for companies and firms. Generally, they don’t need to perform administrative tasks like junior accountants including balance sheet populations, data gathering, or updating journal entries.
Besides, the major roles and responsibilities of these professionals are as follows-
Roles and responsibilities
- reconcile sub-ledger to general ledger account balances.
- prepare financial statements.
- assess internal controls, such as risk assessment and review of risk areas.
- perform monthly balance sheet, and changes in financial budget variance analyses.
Average salary: ₹4,06,305
6. Finance Managers
Financial managers are the people responsible for the financial health of a company. They produce direct investment activities, financial reports, and develop plans and strategies for the long-term financial goals and objectives of the organization/company.
Besides, the major roles and responsibilities of these professionals include-
Roles and responsibilities
- produce accurate financial reports.
- develop cash flow statements.
- project profit and manage credit.
- provide advice in making financial decisions.
Average salary: ₹ 9,93,000
7. Auditors
Auditors are the people authorized to review and validate the accuracy of financial records and make sure that the organizations/companies comply with tax laws.
The main roles and responsibilities of these professionals are as follows-
Roles and responsibilities
- preparing audit reports.
- forming a negative opinion, where required.
- making inquiries.
- lending assistance in case of a branch audit.
Average salary: ₹4,90,617
8. Managerial Accountants
Managerial accountants are the professionals responsible for analyzing and relaying information related to capital expenditure decisions. They use standard capital budgeting metrics, like internal rate of return and net present value, in order to assist decision-makers on whether to embark on capital-intensive purchases or projects.
The main roles and responsibilities of these professionals are as follows-
Roles and responsibilities
- analyse accounts and prepare reports.
- perform cash and fund flow analysis.
- manage liquidity.
- evaluate performance.
Average salary: ₹ 4,40,000
9. Cost Accountants
Cost accountants are the financial specialists who determine the actual costs associated with the provision of a service or manufacturing of a product. This is accomplished by scrutinizing the associated expenses within the supply chain. Moreover, their main purpose is to perform profitability analysis and prepare budgets.
Besides, the major roles and responsibilities of these professionals include-
Roles and responsibilities
- develop cost standards for materials and labor.
- oversee annual physical inventory.
- design and implement cost accounting systems.
- analyze production costs and recommend changes.
Average salary: ₹2,49,705
10. Credit Analysts
Credit analysts are the people employed by a company for analyzing the creditworthiness of customers and potential customers as well as to assist in the modeling of credit risk and ongoing management.
The main roles and responsibilities of these professionals are as follows-
Roles and responsibilities
- conduct client credit checks and evaluate new credit requests.
- manage and collect debts from company debtors.
- setup the credit terms for new clients.
- negotiate payment plans.
Average salary: Rs.18,00,000
Thus, we have discussed the Top 10 Accounting Jobs and Careers to pursue in 2022. Interested candidates from different backgrounds with an interest in financial accounting, statistics, database management, mathematics, etc can apply for these promising job roles in accounting.
We wish you all the best for your future endeavors!!
