The roles and responsibilities of an Account Manager are complex and time consuming. It involves scheduling the accounts work, maintaining the expected work standard, and a lot of auditing and evaluations, seeing whether the inventory turnover is perfect or not, taking care of the budget, evaluating employee performance and giving appraisals when required, trying to solve business problems, giving training to accounting supervisors, as well as maintaining cordial relations with the customers.
The minimum requirement for being eligible for the post of Account Manager is a Bachelor degree and around 2 years of experience. Mathematics is a must, otherwise for those students who didn't have math in higher grade there are bridging courses. This course is generally three years and is worked rigorously.
The responsibilities for an Accounts Manager job is to maintain a proportional balance in responsibility and expenses, preparing an operating budget for each department and keeping a check that the departmental expenses don't go beyond the allotted budget, maintaining valid justification for purchasing or selling equipment, and maintaining records up-to-date for further inspection. In addition to this, there is planning and organizing departmental activities and its functions, maintaining the standards of work as expected and seeing that there is no back log, creating a proper and effective communication with clients as this helps understand their need and give appropriate services keeping their needs in mind, and ensuring that the work done is under the compliance of the regulatory body and also that environmental procedures are followed.
The most preferred Accounting Jobs are in the areas of Business Account Manager, Business Development Account Manager, Business Service Account Manager, and Employee Benefits Account Manager. The opportunities to work are as Accounts Manager, Accounts Executives, and Accounts Coordinator.
The career prospects are extremely good for graduates in accountancy. It's a worldwide, famous, and acceptable job. There has always been a need for accounts managers in every organization and in any industry.
Compensation is highly fluctuating in the field of account management. Salary depends on the skills, company size, and the industry involved. It is a prestigious job, and its salary varies in the following range.
• Account representative: $26,000 to $38,000
• Senior technology account representative: $33,000 to $97,000
• Advertising account executive: $39,000 to $88,000
• Advertising senior account executive: $51,000 to $87,000
