Management Accountant Guide - Hire or get hired
Your complete guide to the Management Accountant Role: Duties, salary & hiring tips
Purpose of the Management Accountant
The Management Accountant provides financial insights through forecasting, budgeting, and variance analysis to support strategic planning and operational decision-making.
Management Accountant's duties and responsibilities
• Budgeting & Forecasting:
Develop and maintain budgets and rolling forecasts in collaboration with business units.
• Performance Reporting:
Prepare monthly management reports including KPI analysis and variance commentary.
• Financial Analysis:
Analyse cost structures, profitability, and performance trends to guide commercial decisions.
• Business Partnering:
Work closely with non-financial stakeholders to provide financial insight and improve outcomes.
• Month-End Support:
Contribute to accruals, prepayments, and reporting tasks during the month-end process.
Develop and maintain budgets and rolling forecasts in collaboration with business units.
• Performance Reporting:
Prepare monthly management reports including KPI analysis and variance commentary.
• Financial Analysis:
Analyse cost structures, profitability, and performance trends to guide commercial decisions.
• Business Partnering:
Work closely with non-financial stakeholders to provide financial insight and improve outcomes.
• Month-End Support:
Contribute to accruals, prepayments, and reporting tasks during the month-end process.
Requirements and qualifications for a Management Accountant
• CA/CPA qualified
• 3–5 years’ experience in a management accounting or commercial finance role
• Strong Excel and financial modelling skills
• ERP/reporting system proficiency
• Excellent analytical and stakeholder engagement abilities
• 3–5 years’ experience in a management accounting or commercial finance role
• Strong Excel and financial modelling skills
• ERP/reporting system proficiency
• Excellent analytical and stakeholder engagement abilities
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Accounting and Finance Market Update
2024 was a challenging year for businesses across all sectors, leading to a slowdown in recruitment. As we move into 2025, while the market has slowed, job seekers remain open to new opportunities if salaries and workplace conditions meet expectations. Employers must move quickly and offer compelling value beyond compensation.
Qualified accountants remained the hardest to hire in 2024, with 40% of businesses citing them as the most difficult to fill, followed by transactional finance (17%) and payroll roles (14%). In-demand roles such as finance managers, systems accountants, and specialists in data analytics and sustainability reporting indicate a shift in workforce priorities.
To remain competitive in 2025, 75% of organisations will focus on automation and system improvements, with additional emphasis on upskilling (45%), cash flow management (37%), and compliance (33%). Many businesses are investing in professional development, including certifications, workshops, and AI skill training, to enhance their teams and adapt to new technologies.
86% of businesses preferred maintaining in-house teams for better communication, control, and compliance, and while many employers relied on internal hiring teams, 54% sought external recruitment support within a month, highlighting the ongoing value of recruitment agencies in securing top talent.
Qualified accountants remained the hardest to hire in 2024, with 40% of businesses citing them as the most difficult to fill, followed by transactional finance (17%) and payroll roles (14%). In-demand roles such as finance managers, systems accountants, and specialists in data analytics and sustainability reporting indicate a shift in workforce priorities.
To remain competitive in 2025, 75% of organisations will focus on automation and system improvements, with additional emphasis on upskilling (45%), cash flow management (37%), and compliance (33%). Many businesses are investing in professional development, including certifications, workshops, and AI skill training, to enhance their teams and adapt to new technologies.
86% of businesses preferred maintaining in-house teams for better communication, control, and compliance, and while many employers relied on internal hiring teams, 54% sought external recruitment support within a month, highlighting the ongoing value of recruitment agencies in securing top talent.
