Management accountants develop and implement strategies to increase business profits. They perform analysis on key financial data, assess and mitigate financial risks, and advise senior management on strategic planning.
When interviewing management accountants, look for candidates who exhibit strong analytical skills and the ability to develop and implement cost-effective financial policies. Avoid candidates with limited experience in financial forecasting and those with poor communication skills.
Demonstrates the candidate's knowledge of key management accounting skills, as well as their approach to preparing financial forecasts.
Evaluates the candidate's experience and proficiency in financial and business management software.
Highlights the candidate's knowledge of financial regulations and their ability to promote compliance within a business.
Reveals the candidate's knowledge of staff performance metrics and their ability to train and support junior accounting staff.
Assesses the candidate's knowledge and experience in financial risk management, as well as their ability to take proactive steps to limit losses.