The Role of an Accounting Operations Analyst in Finance

Introduction

An accounting operations analyst plays a crucial role in the field of finance. This blog post will explore the responsibilities, job outlook, salary, education and experience requirements, skills, alternative job titles, similar occupations, common employers, and relevant programs at NC State for individuals interested in pursuing a career as an accounting operations analyst.

What Does a Professional in this Career Do?

An accounting operations analyst is responsible for analyzing financial data, preparing financial reports, and identifying areas of improvement in financial operations. They often work closely with other finance professionals, such as accountants and financial managers, to ensure accurate and timely reporting.

Job Outlook

The job outlook for accounting operations analysts is promising. With the increasing complexity of financial operations in organizations, the demand for skilled professionals in this field is expected to grow. According to the Bureau of Labor Statistics, the employment of financial analysts, which includes accounting operations analysts, is projected to grow 6 percent from 2018 to 2028, which is faster than the average for all occupations.

Salary

The salary of an accounting operations analyst can vary depending on factors such as experience, education, location, and industry. According to PayScale, the average salary for an accounting operations analyst is $61,000 per year.

Education and Experience

To become an accounting operations analyst, a bachelor's degree in finance, accounting, or a related field is typically required. Some employers may prefer candidates with a master's degree in finance or a professional certification, such as Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA). Relevant work experience in finance or accounting is also valuable for this role.

Skills

Accounting operations analysts need to possess a strong set of skills to excel in their role. Some essential skills for this career include:

• Financial analysis
• Data interpretation
• Attention to detail
• Problem-solving
• Communication

Alternative Job Titles

Accounting operations analysts may also be known by alternative job titles such as financial analyst, financial operations analyst, or financial reporting analyst.

Similar Occupations

There are several occupations that share similarities with accounting operations analysts. Some of these occupations include financial managers, budget analysts, and financial examiners. These roles involve analyzing financial data and making informed decisions based on the findings.

Common Employers

Accounting operations analysts can find employment opportunities in various industries, including:

• Financial services
• Insurance
• Government agencies
• Manufacturing
• Healthcare

NC State Programs Relevant to this Career

NC State offers several programs that are relevant to a career as an accounting operations analyst. Some of these programs include:

• Bachelor of Science in Accounting
• Bachelor of Science in Finance
• Master of Accounting
• Master of Business Administration with a concentration in Finance

Conclusion

An accounting operations analyst plays a vital role in the finance industry. With a promising job outlook and competitive salary, this career path offers excellent opportunities for individuals with strong analytical and financial skills. By obtaining the necessary education and experience, individuals can embark on a rewarding career as an accounting operations analyst.