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Every organisations maintains its financial details in books and computers. The entire process of maintaining monetary transactions in the form of debits and credits is maintained in a ledger.
Two types of ledgers are maintained viz; Sales and Purchase. In the case of a Sales Ledger Clerk, the person is responsible to maintain the Sales Ledger, the accuracy of Invoices and in the handling of cash as well. A ledger clerk is expected to liaise with both internal and external customers and should be highly capable of managing all queries whether they are related to Sales, Purchase or Payroll.
Other important functions include making accurate pay reports for the weekly payroll and also the debtors and reconciliation reports.
A ledger clerk needs to have the ability to manage the resources effectively, be an ideal team player, have motivating skills and communicate efficiently with internal and external customers. The person should have the ability to process high levels of invoices and should also be well organised, have good time management skills and the ability to lead a team towards achievement of all stated goals.
A ledger clerk’s role is akin to that of a general accountant. The person needs to be qualified in the principles of Accountancy, have knowledge of computerized accounts, and should be computer-savvy with all the relevant computer packages applicable to this job profile.
The growth prospects are dependent entirely on an individual’s efforts to developing his knowledge and enhancing his skills to scale the corporate ladder. |
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A Legal Cashier has to fulfill all the various aspects that this role demands. The person should be well–versed with accounts especially the processing and raising of invoices, making payments, cash allocation, bank transfers, bank and petty cash reconciliations, and should be able to understand and answer various queries by clients.
The person should have an eye for detail and accuracy and be willing to shoulder the responsibility of executing project-based work as well. Other key functions include the accurate input of client’s details, Bill postings, maintenance of petty cash on a regular basis, processing bills, dealing with outstanding balances, processing daily banking transactions and posting of clients’ and office receipts.
A person with a strong legal cashier background, strong team management skills, law background with accompanying skills in SAR, Excel, Norwell and Arista.
Growth prospects are entirely dependent on individual efforts and performances. |
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Management Accountants are also known as cost or managerial accountants, industrial or corporate accountants and even private accountants.
They are chiefly involved in the recording and analyzing of all the financial information of the companies for which they work. Budgeting, cost management, asset management and performance evaluation are some of their other key areas of responsibilities.
These persons also partake in strategic planning and new-product development as and when necessary. All financial information has to be analysed and interpreted well by them to assist corporate executives in making sound business decisions.
Another key function of this job profile is the preparation of financial reports not only for the management groups of the organisation but also for non-management groups. These include tax authorities, creditors, stockholders and regulatory agencies. In addition to these other responsibilities include financial analysis, planning and budgeting, and cost accounting.
All Management accountants step into the industry as cost accountants or junior internal auditors. Some start off as trainees for other accounting positions.
The growth prospects of this career are wide-ranging. From consultancy, to advisory and even setting up individual practice/business, the individual has much to choose from. A person can enhance his/her skills, further their knowledge and scale the corporate ladder to senior positions like those of a chief cost accountant, a budget director, or manager of internal auditing. Some move ahead to become financial vice presidents, chief financial officers, corporation presidents and even treasurers. With such a wide choice, a person can be sure of a very lucrative job.
A Business Management degree in Management Accounting with proficiency in accounting and auditing computer software, or expertise in various specialized areas definitely helps one to start off on a good footing in this industry.
Organisations also consider having excellent interpersonal and communication skills as an added attribute. A prestigious and respected industry, it offers immense rewards for those who are willing to devote time, effort and energy. |
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An Operations Manager is responsible for the successful execution of all business operations, be it planning, budgeting, or even negotiation.
Operations Managers are involved in every single step of providing the requisite service or product to improve their standing in the market. They play a key role as decision makers in deciding what inputs need to go into the operating system and how these can be used to meet the market demands. Highly crucial responsibilities like quality management and control, purchasing and even scheduling play an important role in the functions of an Operations Manager.
Technological advancements, globalisation and a quality-conscious clientele, the pressures on the role of an Operations Manager have increased considerably. The person has to constantly keep abreast of the changing trends in the economies, markets across the globe and understand how best to improve the productivity and also provide a wider choice of quality goods and services to the customers. Thus Operations Managers play a very strategic role in strengthening the role of their organisation on a national and international platform.
Operations Managers pursue career in a range of industries like manufacturing, computers, insurance, banking, industrial and consumer services, telecommunications, IT and a range of other industries depending on individual choices and preferences.
A degree in Business Management with specialisation in areas of interest like law, IT, etc is a pre-requisite to understand the demanding role of an Operations Manager. A degree in the Legal, Math, Economics and Marketing is also preferred.
An excellent relationship individual with leadership skills and the ambition to succeed to the highest rung of the ladder helps a person to progress swiftly. For such individuals the ‘sky is the limit’. |
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As the name suggests, a Payroll Manager’s chief duty lies in getting the payroll across to the employees on time always and keep the organisation out of trouble. Though this may sound very simple a Payroll Manager’s duties involve dealing with taxes, deductions, and many other related tasks.
The profile involves responsibility for the management of various payroll teams, for the implementation of various systems and processes to ensure that the delivery of payroll services to various clients is done in an efficient and highly effective manner,
Besides evaluation of payroll processes, the person is also responsible for implementing process changes to improve operational efficiency and ensure that business needs are met. The person has to be aware of the ongoing practices in the industry and advise on the best ones to his organisation. A constant evaluation, updating and documentation of procedures in areas of responsibility, system maintenance and development, tax year end process are other important responsibilities of a Payroll Manager.
A person needs to be IPPM qualified, have knowledge of computer payroll systems especially SAP/Rebus.
A forthcoming personality with excellent management skills, the person should also be confident and hardworking. Prospects performance-based and are highly rewarding in this industry. |
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A Principal Accountant plays a very important role in every Organisation. The duties associated with this job profile are confidential and involve a lot of responsibility.
Development of effective financial systems, financial advice and support to senior managers and complete financial advice and support to senior managers in the organisation are some of the important functions. The key functions are varied and include preparation of cost analyses and projections, preparation and monitoring of budgets, preparation and finalization of accounts, the monitoring of actual expenditures and incomes against budgets.
The role of a Principal Accountant necessitates the possessing of strong analytic skills and an understanding of the external funding opportunities, is responsible for the management of treasury and capital accounting. The role also demands excellent management and strategizing skills, and developing 5 year plans as well as annual budgets in accordance with the financial strategies of the organisation.
A Principal Accountant has to constantly interface with the senior staff management for discussions and reviewals and a host of other work-related issues. The person should therefore be able to present clear financial information to all concerned, organise for requisite financial training to the staff when required and participate in development initiatives.
To qualify as a Principal Accountant, a person should hold a CCAB (Consultative Committee of Accountancy bodies or AAT degree (and have should have knowledge of management accounting.
A Principal Accountant needs to have an assertive yet outgoing personality, excellent communications skills and the capability to develop and maintain good team spirit throughout the organisation.
A high-ranking profile, a Principal Accountant should be one who exudes confidence, trust and be exemplary. The growth prospects are highly rewarding as this profile is a high-ranking one in the organisation and demands immense confidentiality. Long hours of work, developing and maintaining amicable relationships and a constant endeavor to work towards the success of the organisation make this job a truly rewarding one. |
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