What They Do:
Accountants and auditors prepare and examine financial records, identify potential areas of opportunity and risk, and provide solutions for businesses and individuals. They ensure that financial records are accurate, that financial and data risks are evaluated, and that taxes are paid properly. They also assess financial operations and work to help ensure that organizations run efficiently.

Why It's Important:

Just like financial examiners in house accountants and auditors are responsible for making sure the insurance company is following all of the proper guidelines. But it is important to know that the National Association of Insurance Commissioners can audit an insurance company in order to make sure that insurance companies are following all proper guidelines. Their responsibility ensures that an insurance company is abiding by all state regulations.

Typical Duties:

  • Examine financial statements to ensure that they are accurate and comply with laws and regulations

  • Compute taxes owed, prepare tax returns, and ensure that taxes are paid properly and on time

  • Inspect account books and accounting systems for efficiency and use of accepted accounting procedures and identify potential risks for fraud

  • Organize, analyze, and maintain financial records

  • Assess financial operations, identify risks and challenges, and make best-practices recommendations to management

  • Suggest ways to reduce costs, enhance revenues, and improve profits

Important Skills:

Analytical Skills 

Critical-thinking skills

Communication skills

Detail oriented

Math skills

Organizational skills

Salary Range

The median annual wage: $71,550

The lowest 10% ~ $44,480

The highest 10% ~ $124,450

Professional Designations:

American Institute of Certified Public Accountants (AICPA)

Chartered Institute of Management Accountants (CIMA)

Chartered Global Management Accountant (CGMA)

Association of Government Accountants (AGA)

Certified Government Financial Manager (CGFM)

Institute of Internal Auditors (IIA)

Certified Internal Auditor (CIA)

Certified in Control Self-Assessment (CCSA)

Certified Government Auditing Professional (CGAP)

Certified Financial Services Auditor (CFSA)

Certified Management Accountant (CMA) 

Certification in Risk Management Assurance (CRMA)

Certified Information Systems Auditor (CISA)

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