Accounting manager, business manager salary

Overview of the Profession of Accounting Manager

An accounting manager, often also referred to as a business-oriented finance manager, plays a central role in the company's financial control and reporting. This position involves responsibility for leading and developing the accounting department, ensuring accurate and timely reporting to management, and monitoring and analyzing financial results. The role requires not only good knowledge of accounting and finance but also the ability to strategically support the company's overall goals.

Salary Statistics for Accounting Managers

The average salary for an accounting manager is 47 800 SEK per month. However, there is a noticeable difference in salary between genders, with men earning an average of 51 200 SEK while women earn 45 700 SEK, meaning that women earn 89% of what men do. Since the previous year, the average salary has decreased from 65 300 SEK to 47 800 SEK, which may affect the attractiveness of the profession.

Education and Skills

To qualify as an accounting manager, a university degree in economics, business administration, or similar fields is usually required. Many employers also seek several years of experience in finance or accounting, often with a few years in a leadership or managerial position. Knowledge of financial systems and Excel is fundamental, while experience working with IFRS or other relevant regulations is often desirable.

Work Requirements

In addition to education and practical experience, personal qualities such as leadership, analytical skills, and communication skills are crucial to succeed in the role of an accounting manager. The ability to handle stress, meet deadlines, and lead teams are also important aspects of the job.

Job Description

An accounting manager is responsible for leading the work on the company's financial reporting and accounting. This includes overseeing and developing routines and systems for accounting, budgeting, and forecasting. The manager often needs to report to senior management and the board, ensuring that all financial processes comply with current laws and regulations.

Potential Benefits

In many companies, accounting managers are offered benefits that can range from paid further education to a company car and a paid mobile phone. These benefits are not just a bonus but also part of what makes the position attractive and sustainable over time.

Considerations for Aspiring Accounting Managers

For those considering a career as an accounting manager, it is important to be aware of the demands and expectations placed on the role. A strong foundation in finance is necessary, as well as the willingness to constantly update one's knowledge in the field. Networking and professional development through courses and certifications can also be crucial for advancing in the career.