Bank Accountant Job Description

By | May 30, 2011

Bank accountant job profile and description

A bank accountant is responsible for maintaining the accounts of a bank. He has to ensure that the accounts are entered accurately. The entries may have to be classified based on the policies and regulations of the bank.

Bank accountant duties and responsibilities

The duties and responsibilities of a bank accountant are:

  • Making entries into ledgers and journals
  • Keeping track of the cash inflow and outflow into and from the bank respectively
  • Maintain the minimum balance amount of money required for everyday transactions in the bank
  • Preparing reports of cash that flows in and out of the bank and present the reports to the management
  • Preparing financial statements every month
  • Prepare reports including the current month’s performance of the company with the previous months
  • Ensuring that the entries into the accounting books are in accordance with bank rules
  • Preparing balance sheets at the end of the month
  • Prepare tax details of the bank
  • Ensure the accuracy of the financial reports
  • Documenting all the financial data of the bank

Bank accountant skills and specifications

The skills and specifications of a bank accountant are:

  • A thorough knowledge about accounting procedures
  • Excellent analysis and observation skills in order to ensure that errors are eliminated from the final report
  • Good communication skills
  • Good writing skills
  • Good troubleshooting abilities in order to solve problems in the accounts quickly and efficiently
  • Ability to work as a team while preparing reports an financial statements

Bank accountant education and qualification

The education and qualifications of a bank accountant are:

  • A bachelor’s degree in accounting
  • Training and work experience are required for good job prospects

Bank accountants salary

The salary of a bank accountant ranges between $28,000 and $50,000 per annum.