what is a financial accountant?
As a financial accountant, you play a key role within the company. You organise and oversee the accounting processes. In small and medium-sized enterprises, you often hold a managerial position as a generalist. Larger companies typically look for specialists. In such cases, you might be responsible solely for accounting, but not for controlling. Generally, your task is to record all business transactions and facts related to the company's financial situation in a comprehensive and systematic manner. You and your team commit to following the principles of proper accounting. Through quarterly and annual financial statements, external parties gain an overview of the company's financial health. As an financial accountant, you support senior management with financial planning. If budgets go off track, you provide insights and recommend corrective measures. In your role, you ensure the company's liquidity. Curious? Then keep reading to find out what awaits you as a financial accountant, how much you earn, and what career opportunities are available.
financial accountant jobsworking as a financial accountant.
Are you curious about what to expect as a financial accountant? Your tasks will depend on whether you work in a large company or a small business. Nevertheless, there are some typical responsibilities you should master. Find out more about your role as a financial accountant here.
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your area of responsibility
As a financial accountant, your main responsibilities include:
- Structuring accounting: As a financial accountant, you ensure that all processes in finance and accounting run smoothly. You take into account the legal requirements under the Swiss Code of Obligations. Additionally, you set up and maintain the main and auxiliary books together with your team. Your responsibilities also include establishing tools for liquidity planning.
- Managing finances: As a financial accountant, you process and record all invoices. You check whether customers (debtors) pay their invoices on time. Similarly, you ensure that supplier (creditors) invoices are paid promptly. In short, you are responsible for all payment runs. You always keep an eye on the company's financial situation and, if needed, arrange for capital.
- Controlling responsibilities: Your role as an accountant is to prepare monthly, quarterly, annual, and group financial statements. You conduct investment calculations and monitor cash flow. Additionally, you implement measures to minimise or even avoid risks.
- Manage payroll accounting: In many companies, you as a financial accountant handle the salary processing. It’s essential that you are familiar with the relevant labour and social security regulations. You ensure that employees receive their wages on time.
- Optimize taxes: Usually, you prepare tax returns with external tax experts. You inform management about the tax implications. Together with the tax expert, you develop ideas for tax optimization.
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who are your colleagues?
Financial accountants work closely with management. After all, as an financial accountant, you have an overview of the company's financial situation. You regularly communicate with senior management to ensure liquidity. In larger companies, you also stay in touch with colleagues from sales. Here, you need to decide whether customers who are late with payments should receive a reminder. Sometimes, as an accountant, you might turn a blind eye when a major project with a customer is upcoming. You also collaborate with marketing managers when it comes to sticking to the agreed-upon budget.
types of financial accountants.
In small businesses, you as a financial accountant are a real all-rounder. Larger companies and global corporations tend to rely more on specialists. In those environments, you need in-depth knowledge in specific areas. Possible specializations include:
- Payroll and HR administrator: As a payroll administrator, you play an important role within the company. Employees rely on their salary being paid on time and accurately. You take care of processing the payroll, preparing the salary statements, and monitoring the payment runs. Sales staff receive their expense reimbursements promptly. If an employee is unable to work due to illness or accident, you handle the communication with the social insurance providers.
- Controller: If you specialise as a controller, you always keep an eye on the company's financial situation. You advise senior management and prepare planning guidelines. Through financial analyses, you identify potential savings. Your job as a Controller is to regularly inform management about the economic situation.
- Trustee: In this area, you have in-depth knowledge of accounting. You prepare operational and cost accounting, income statements, and balance sheets. You analyze annual financial statements and recommend operational measures to management. As a trustee, you are well-versed in tax matters. You accurately prepare tax returns and VAT declarations. Additionally, you are a competent contact person for restructuring and business succession planning.
- Real estate accountant: In this field, everything revolves around properties. As a specialized accountant, you're familiar with tenancy law, ancillary costs, and property accounting. You calculate, budget, and record the inflows and outflows of assets. When it comes to renovations and refurbishments, there are always special cases. Therefore, tools like rent reductions and deferrals are well known to you.
salary as a financial accountant.
The popular job platforms in Switzerland show a high salary level for financial accountants. Especially with several years of professional experience and certainty in closing accounts according to the Swiss Code of Obligations (OR), you are a sought-after specialist. Your education and area of activity play a significant role in this. With a diploma, you earn less than with a master's degree. As a recognized expert in a specific field, you can command a top salary. Large companies expect more from you than a bookkeeper and pay a higher base salary in return. Depending on the location, responsibilities, and company, your starting salary ranges between CHF 60,000 and CHF 80,000 per year. That’s roughly CHF 5,000 to CHF 6,700 per month. To attract skilled professionals like you, some companies offer attractive employment conditions and development opportunities. Find out more about your gross salary as a financial accountant here.
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how much do I earn as a financial accountant in a permanent position?
As a financial accountant, you typically earn between CHF 60,000 and CHF 120,000 gross per year. Converted to monthly income, that’s roughly CHF 6,000 to over CHF 10,000. Your median salary is a respectable CHF 92,000 annually, which amounts to about CHF 7,700 per month. The better your education, the higher your earnings. With a university of applied sciences degree, your salary is just under CHF 90,000 per year. If you hold a master’s degree, your pay is significantly higher. Specialisations and expert knowledge pay off. In that case, you can expect around CHF 105,000 annually. Moving into management through further qualifications can also boost your salary considerably. In addition to your base salary, some companies offer extra benefits. These may include tailored development opportunities, flexible working hours, and social benefits. An attractive base salary awaits you in Bern and Geneva.
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in which industry do I earn the most as a financial accountant?
Looking at the different sectors, there aren't significant salary differences. Your salary as a financial accountant mainly depends on your expertise, experience, and specialisation. On average, you earn around 90,000 CHF per year in the public sector, service industry, and manufacturing. The retail, pharmaceutical, and trading sectors pay only about 2,000 to 5,000 CHF less. Therefore, it’s worth focusing on additional benefits. This can help increase your salary and give you more or more flexible free time.
training and further education as a financial accountant.
As a financial accountant, you need solid professional expertise. Generally, you begin your career with basic training as a commercial clerk (EFZ). As an accounting assistant, you gain your first practical experience in accounting, performing simple postings and supporting experienced accountants. After several years of professional experience, you will be well positioned to continue your education to become a financial accountant. It goes without saying that in this profession you must have no entries in the central criminal register. A good overview of continuing education programmes can be found through the Association for Higher Examinations in accounting and controlling. Depending on the provider, you complete your training after three to six semesters. You then earn the title of financial and accounting specialist with a federal diploma. This qualification gives you excellent prospects for a management position. With a university entrance qualification (Matura), you can also pursue further studies leading to a master’s degree. After that, your management career in business is virtually unstoppable.
positions as financial accountant.
Financial accountants with specialised expertise and professional experience are in high demand. In small and medium-sized enterprises, you take on a leadership role in accounting. Depending on your focus, you may work in private companies, public administrations, or with fiduciaries. Every business and NGO relies on accountants, so you’ll find secure jobs across all sectors. Controllers and fiduciaries are mainly sought after by large companies and corporations. Are you looking for an attractive position with prospects? Take a look at our current openings for financial accountants.
positions for career changers as financial accountants.
Only with specialised knowledge will you succeed as a financial accountant. Typically, this involves completing an EFZ apprenticeship in commercial studies with a focus on accounting. After several years of professional experience, you can further develop your expertise in your field. Having a master's degree provides excellent prospects for a rapid career progression. However, as a career changer with experience in accounting, you are also in demand within companies. Any missing skills can be acquired through seminars and on-the-job training.
career opportunities and development potential as a financial accountant.
Numbers are your calling, and you can't imagine a more interesting profession than being a financial accountant? Then build your career in accounting. As a financial expert, you also have good opportunities for advancement across the entire commercial sector. Decide whether you prefer to specialise or pursue a career within companies. Education centres, higher technical colleges, and universities of applied sciences offer numerous options. As a certified banking specialist HF, you have good prospects in banking and financial planning. Certified tax and fiduciary experts are highly sought-after employees in corporations. If you're aiming for a management position, it's best to complete a degree. With a Bachelor of Science (FH) in international management & economics, all doors are open to you. Want to develop further as a financial accountant? Check out our tests and tips.
skills as a financial accountant.
As a successful financial accountant, you handle numbers perfectly. Other important skills include:
- IT skills: As a financial accountant, you appreciate the digital support provided by specific software. Depending on the level of digitalisation within the company, you will have more or less interaction with IT systems. However, you always master MS Office and the accounting software in use. Nowadays, IT systems handle numerous tasks, such as recording and archiving accounting documents. You review the data generated by machines, utilise analysis tools, and are open to modern technologies.
- Analytical thinking: In financial accounting, everything revolves around numbers. You record, analyse, and understand them. From the analysis, you draw the right conclusions. Usually, you use BI tools for queries. You present the results to management. They form the basis for business decisions. With BI tools, for example, it’s possible to create variance analyses and define measures.
- Team spirit: Your finance team is made up of individuals with different personalities. Everyone has their strengths and weaknesses. As a senior accountant, you ensure that each person contributes to the company's success. That’s why you promote team spirit and create a work environment where everyone feels comfortable.
- Integrity: As a financial accountant, you always stay true to your values. You are the rock in the storm for senior management, guided by strong moral principles. That’s why management and business partners trust you. You respect applicable laws and fulfill the required accounting obligations. You keep all documents properly organized. You lead by example for your team.
benefits of working as a financial accountant at randstad.
There are many good reasons to work at Randstad as a financial accountant:
✓ exciting jobs with well-known companies
✓ a reliable contact person whenever you need one, personal advice really matters
✓ attractive employment conditions and good social benefits
✓ continuing education courses and personal development opportunities
✓ clear information in the myRandstad app
✓ do you have a fixed-term contract? Often, there’s a chance to secure a permanent position afterwards. Many popular companies also recruit their staff directly through Randstad
your professional development budget as a financial accountant at randstad.
If you work as a financial accountant for Randstad, you have access to further training courses. As part of the TempTraining program from swissstaffing, you can attend training sessions. You will get the course fees reimbursed later, provided you pass the course exam. Your consultant from Randstad is there to support you if you have any questions. This way, you can acquire additional language skills or job-specific knowledge, all during your working hours as a financial accountant.
application tips for data analysts at randstad.
Have you found your dream job as a financial accountant? It’s not just qualifications and certificates that determine the success of your applications. Careful, error-free, and personalized documents will definitely help you in your job search. Here are a few useful tips to improve your chances:
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1. find a position as a financial accountant
Search through the Randstad job offers. If you don’t find a position that’s exactly right for you, you’re still welcome to get in touch with us personally without any obligation or to create a Randstad profile.
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2. applying as a financial accountant
The job ad continues right away: apply online, give us a call, or send us an email.
Make sure your documents are complete.✓ CV with photo
✓ work references & diplomasYou don't have a CV yet or only an outdated version? Create a new layout using an online free template.
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3. preparing for a job interview as a financial accountant
A good preparation helps you stay calm during the interview for a financial accountant position. Here are some tips for your job interview.
frequently asked questions.
Here you will find answers to frequently asked questions about the job of a financial accountant.
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what does a financial accountant do?
As a financial accountant, you ensure the financial stability of companies. This makes you a key player within the organisation. You are either responsible for the entire financial accounting or for specific parts of it. You record all business transactions comprehensively and systematically. Your monthly, quarterly, and annual financial statements provide management and external stakeholders with an overview of the company's financial position. Thanks to your prudent approach, companies remain solvent. Find out more about your responsibilities as a financial accountant here.
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how much do I earn as a financial accountant?
Your gross salary as a financial accountant ranges between 60,000 and 120,000 CHF per year. Your education has a significant impact on your salary. If you possess expert knowledge, your pay is higher than that of generalists. By pursuing further training and taking on more responsibility, you can increase your salary even more. In some companies, you benefit from numerous advantages through additional benefits. Read more here about your gross income as a financial services professional.
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is a financial accountant a good profession?
If numbers are your thing and you're looking for a responsible role, then becoming an accountant is the right career for you. With thoroughness and attention to detail, you keep the books in order. Your company relies on you to keep it solvent and ensure financial stability. In return, you get a secure job that’s resilient in times of crisis. Want to know what to expect as a financial accountant? Keep reading here.
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is financial accounting difficult?
As a financial accountant, you have a demanding profession. After all, you steer financial flows into orderly channels. Your superiors expect you to ensure a stable economic situation. Thanks to your thorough analyses, management has a solid basis for making good decisions. You live out your passion for numbers in your work. In return, your employer rewards you with a secure job and an attractive salary. If you want to find out what makes the profession of financial accountant interesting, you’ll find the information on this page.
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do you need experience to become a financial accountant?
Work experience is essential for further training as a financial accountant. Typically, you start with a commercial apprenticeship EFZ in accounting and gain practical work experience. This is a prerequisite for your advanced training as a specialist in finance and accounting. Career changers improve their chances of securing an attractive position through several years of professional experience. Missing skills can be acquired through courses. Are you unsure whether you are qualified for the profession? Read more here about the skills and competencies of a financial accountant.
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what requirements do I need to meet to become a financial accountant?
Good prospects for a career as a financial accountant are yours with a diploma as a specialist in finance and accounting with a federal diploma of proficiency. A master's degree significantly increases your salary and improves your chances in large companies. In addition to solid training, analytical thinking and integrity are valuable qualities. Career changers with several years of professional experience also have good opportunities. Discover our current openings for financial accountants here.
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how do I apply for a vacant position as a financial accountant?
Your application as a financial accountant:
Create a Randstad profile and browse our job portal for open positions near you.
Have you found an interesting offer? Then send us your cover letter, CV, and certificates right away.
Need help with your application? Our application tips will guide you to put together a compelling application.