The Role of a Staff Accountant - Fitch Ratings Company Essay

The Role of a Staff Accountant - Fitch Ratings Company - Essay Example This position reports directly to Marvin Goodells (Junior Vice President) and is operated by division leader Thelma Brackley (Division Superintendent). All matters of business or personal matters should be brought to Mr Goodells as part of Fitch rating management hierarchy. Because staff accountancy involves knowledge within a wide field of finance, it is important to understand how to perform well in this new position. Internal auditing, specifically, involves extensive review of ledger histories. These are located in the left-hand file cabinet under the â€Å"reconciliation† tab. All copies of your daily logs must be posted in chronological order at the end of the closing accountancy day. Auditing consists of comparing the electronic records with that of the staff general ledgers. All proposed discrepancies, if any, will be highlighted in green and distributed by Marvin Goodells on the 24th of each month. When discrepancies can be explained, with appropriate documentation, a commentary section is appended to the report where definitions or scenarios must be discussed for the inconsistency. This report, when reconciled, must be delivered to Mr Goodells’ exterior office mailbox by the last reporting day of the month. Once monthly, you will meet with Thelma Brackley to discuss your role in various customer accounting. She will ask to see all of your balance sheets for a specific date or time period, and it is required by the policy that you are able to produce those records instantaneously. As such, it is important to understand the filing system of the office. All general ledger notifications are to be tabbed red, payroll information is labelled green, and balance sheets are labelled with blue tabs. These tabs are located in the copy office, merely ask Tina (the office manager) for replacements if you can find none. Affix these tabs to each day’s records, place their photocopy in the file drawer with the appropriate coloured tab, and file the records in descending dates facing away from you.  Ã‚