Staff Accounting

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Pam: What Does a Staff Accountant do?

According to Payscale, a staff accountant is in charge of various financial duties that include reporting, budgeting and auditing. As illustrated below, the actual work duties of staff accountants will depend on the company and the industry.

http://www.payscale.com/research/US/Job=Staff_Accountant/Salary

Business Office
In a regular business office, staff accountants are responsible for applying accounting principles through recording, reconciling and monitoring financial information. They may reconcile revenue, accruals, fixed assets, accounts receivable and debt related accounts. They may compile and submit financial information, such as journal entry and business transaction summaries, to management. …show more content…
They are responsible for recording, verifying, computing and classifying financial data from property and real estate transactions.
Senior staff works closely with property managers or real estate developers to maintain tenant relations and accurate tenant ledgers, which requires them to update monthly bills and lease information. They also reconcile property charges, verify commission calculations and perform monthly account reviews and analyses. Real estate property staff accountants verify cash receipts, account postings and mortgages and management fees. They also prepare year-end tax files for individual property portfolios and real estate holdings.

Insurance
Insurance-based staff accountants are in charge of processing accounts and payable transactions. They must ensure that the company meets internal standards and external regulations through providing timely and accurate customer service to vendors, claimants, and policyholders. These staff accountants work in accounting teams to perform month end closing responsibilities that includes account analysis, reporting and reconciliation. Entry-level accountants will receive and verify that invoices and transactions comply with basic financial policies and internal controls. They prepare payments, invoice batches and manages check runs. Senior insurance staff accountants perform quality assurance duties through exporting and meticulously examining claim
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