Chief Accounting Officer (CAO) Salary
A Chief Accounting Officer (CAO) earns an average salary of $150,884 per year. Experience has a moderate effect on pay for this job.
Job Description for Chief Accounting Officer (CAO)
Chief accounting officers (CAOs) are in charge of the entire accounting department of their institution. They are responsible for their company’s accounting operations and financial reporting functions. They oversee accounting and administrative staff. They must make sure that their staff follow procedures and adhere to various regulatory rules and regulations.Read More...
They must possess a bachelor's degree or master’s degree in accounting, business management, finance, or another relevant field. However, smaller companies may accept candidates with significant years of experience in lieu of a bachelor's degree requirement. They must have worked as accountants. Some companies require that chief accounting officers are certified public accountants. They are responsible for filling all necessary documents in a timely manner. They must have leadership skills. They may have to work directly with their company’s external auditors.
They must keep themselves up to date with changes in the government’s rules and regulations related to accounting procedure and financial reporting. They must have prior management or supervisory experience. They must have excellent leadership skills. Strong computer skills, including proficiency with Microsoft Office and their organizations' computer systems, are often required. They must have excellent written and oral communication skills. They must be able to build strong teamwork. They must be able to generate effective reports and give presentations to upper management. They may be required to travel. They may have to attend various conferences. They must read professional journals relevant to their job. They may have to coach and mentor staff accountants.
Chief Accounting Officer (CAO) Tasks
- Oversee internal and external audits, and make recommendations and changes to processes.
- Track records, plan, and file all state and federal taxes, along with internal and external financial reports.
- Oversee all accounting, including ledgers, assets, credit, collections, and accounts.
- Oversee payroll and budgeting processes to ensure the flow of operations.
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Pay by Experience Level for Chief Accounting Officer (CAO)
Median of all compensation (including tips, bonus, and overtime) by years of experience.