Accountant trainee Job Profile and Description
A trainee accountant gets exposure to the world of finance accounting and an opportunity to gather technical proficiency and commercial awareness. He may be initially asked to study sales analysis, help with the month end process, and commercially evaluate the fundamentals with existing relationships.
Duties and Responsibilities
- Trainee accountants should help the finance manager with annual accounts and supporting schedules
- He ought to also help in the preparation of annual accounts and statutory returns of associated companies
- He may have to help with the annual budgets
- He has to prepare the monthly management accounts and supporting schedules which include accruals and prepayment schedules
- He has to learn about monthly management information
- He has to prepare divisional fee income progress reports
- He should be proficient in the maintenance of cashbooks
- He has to help in payroll processing
- He also has to provide the firms’ bankers with management information
- He ought to attend monthly team meetings and learn from different divisions
- He should help maintain and improve the firm’s accounting systems and controls
Skills and Specifications
- A trainee interested in this field should be extremely good with numbers and ought to pay attention to details
- He ought to be organized and give importance to accuracy and verification
- He ought to be proficient in basic accounting functions
- He ought to have knowledge of tally and other technical knowledge of the basic software
- Excellent written and verbal communication skills are also required
- It is a demanding job and the trainee should be able to deal with pressure and stress.
Education and Qualifications
Trainee accountants may enroll in institutes which provide courses in chartered accountancy and should clear the exams. A bachelor’s or doctoral degree in commerce with specialization in finance and accountancy also are good options to make a career in this field.