Is your Finance team stretched thin? An Assistant Accountant could be the key to boosting efficiency and accuracy in your financial operations!

Typically reporting to the Finance Manager, Financial or Senior Accountant, an Assistant Accountant performs a range of accounting tasks that support the wider Finance team. These tasks vary depending on the size of the company but are crucial for the smooth running of financial processes.

Contact us now if you are ready to find your next Assistant Accountant. 

Note for job seekers: If you're looking for an Assistant Accountant role, click here to access our resume guide.

Why hiring the right Assistant Accountant is essential

A skilled Assistant Accountant doesn't just handle numbers—they support your finance team, ensuring deadlines are met and financial data is accurate. Hiring the right person can:

  • Improve Efficiency: By handling routine tasks, they free up senior staff to focus on strategic initiatives.
  • Enhance Accuracy: Their attention to detail minimises errors in financial records.
  • Support Growth: As your business expands, it provides essential support to manage increased financial activity.

By entrusting day-to-day financial duties to a capable Assistant Accountant, you’ll foster a more productive environment that can significantly impact your bottom line.

Key responsibilities of an Assistant Accountant

An Assistant Accountant's typical role may include:

  • Month-End Preparation: Preparation of the General Ledger close for month-end including
    • Processing of journals such as prepayments and accruals
    • Completion of Bank, General Ledger, and Balance Sheet reconciliations
  • Fixed Assets Management: Overseeing or assisting with the Fixed Assets Register.
  • Foreign Currency Payments: Processing payments if applicable.
    Inter-Company Transactions: Managing transactions between company entities.
  • Tax Compliance: Preparing FBT, GST, and BAS returns for manager review.
  • Statistical Reporting: Lodging ABS returns.
  • Ad Hoc Duties: Supporting the broader team as needed.
  • Accounts Support: In smaller companies, it can also involve Accounts Payable, Accounts Receivable, and Payroll.

By thoroughly understanding these responsibilities, you can better gauge which candidates have the right background and adaptability for your unique business environment.

Top skills and attributes to look for when hiring an Assistant Accountant

  1. Basic Accounting skills
  2. Attention to detail
  3. Time management and organisational skills
  4. Communication skills
  5. Technical proficiency
  6. Educational Qualifications (e.g., a Business Degree with a major in Finance or Accounting, working toward a CPA or CA)

How to Assess:

  • Attention to Detail: Ask about their experience handling complex reconciliations and how they ensure accuracy under tight deadlines.
  • Time Management & Organisation: Discuss a scenario where they had to juggle multiple month-end tasks and evaluate how they set priorities.
  • Technical Proficiency: Request examples of Excel techniques they’ve used (like Vlookups and pivot tables) or accounting software they’ve mastered.
  • Communication Skills: Have them explain a complex financial concept in simple terms, showcasing their ability to work effectively with non-financial stakeholders.

By incorporating these assessments, you ensure you’re selecting a candidate who can thrive in your specific financial environment.

Competitive salary guide

Salary Range: $80,000 – $90,000 plus Superannuation.

Offering a competitive salary is essential to attract and retain top talent in today's market. Be prepared to discuss career development and professional support, as ambitious candidates value opportunities for growth.

Career progression opportunities

An Assistant Accountant can advance to roles such as:

Highlighting these career paths demonstrates your commitment to employee growth, making your vacancy more appealing to motivated professionals.

Ready to hire an Assistant Accountant who will elevate your Finance team?

Don't let your Finance team become overburdened. A skilled Assistant Accountant can enhance efficiency and accuracy, contributing to your company's success.

Contact Richard Lloyd today to find the perfect Assistant Accountant for your business.

For hiring managers ready to recruit an Assistant Accountant, download our job description template.

Final thoughts

Hiring the right Assistant Accountant is a strategic move that can significantly improve your finance team's efficiency and accuracy. Their support enables your senior finance staff to focus on higher-level tasks, driving your business forward.

By carefully assessing their skills, technical abilities, and cultural fit, you’ll ensure you bring on a team member who can truly make a difference. Don’t leave this critical role unfilled, let Richard Lloyd connect you with an Assistant Accountant who will help your business reach its full potential.

Frequently asked questions

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For any enquiries on hiring your next Sydney Accounting professional or finding your next Accounting job, please complete the details below and one of our team of specialists will be in touch.

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