The Chartered Institute of Management Accountants (CIMA) is the global body for management accounting. Jobs in the field of management accountancy are fast-paced and challenging, requiring a wide variety of skills that you can learn with a CIMA qualification.
CIMA (Certified in Management Accounting) is an international qualification that demonstrates the knowledge and skills needed to manage accounting and financial operations in any organization.
CIMA qualified accountants can work in a wide range of roles, including:
• Financial Controller – This role involves managing all financial aspects of a business, including budgets, cash flow management and risk management.
• Internal Auditor – An internal auditor has responsibility for ensuring that a company’s internal controls are working effectively. This involves investigating fraud or misconduct as well as reviewing financial records and procedures.
• Business Analyst – A business analyst works with clients to identify their needs and help them develop strategies for achieving their objectives through the use of technology.
• Financial Services Consultant – A financial services consultant helps clients with the development of new products or services. They also advise on how best to implement these changes within the organization.
What jobs can you do with a cima qualification
Introduction
Many industries are highly competitive, and your qualifications could give you the edge over other candidates when it comes to available jobs. According to the Association of Professional Staffing Companies (APSCo), 71% of senior recruitment roles prefer candidates with professional qualifications. So, what sort of role could a CIMA qualification help you to achieve?
1. Head of finance
- Head of finance
In this role, you’ll be responsible for the management of the financial function and its associated operations. Your main duties will include:
- Managing all aspects of investment portfolio, including risk management, performance evaluation and asset allocation
- Ensuring the company’s compliance with relevant laws and regulations pertaining to accounting systems and controls
2. Finance manager
As a finance manager, you will be responsible for the finance department. This will include managing the budget, financial planning and control, and analysis. You’ll also have responsibility over staff within your department as well as working alongside senior management to create goals for the future of the company.
3. Accountant
Accountants keep financial records and manage budgets. They have to have a good grasp of mathematics, including accounting principles, which they use to produce financial statements and tax returns. The role can be varied depending on the size of an accountant’s employer; some work directly with company directors while others spend their time crunching numbers in back offices.
Accountants are employed by a vast range of organisations and industries, including construction companies, banks, supermarkets and local authorities. They can also find themselves working in accountancy firms which audit accounts for large businesses or advise individuals on their tax affairs.
As well as performing all the duties listed above accountants may also be involved in:
- Preparing management accounts
- Compiling reports for shareholders/investors (e.g., interim reports)
4. Financial controller
A financial controller is a senior management role, responsible for the financial performance of a business. The financial controller is accountable for:
- Managing budgets, forecasts and cash flow
- Handling the financing of all assets and liabilities
- Reporting to shareholders and lenders on the company’s performance
5. Financial analyst
Financial analysts are involved in the collection, analysis, and dissemination of financial data to a company’s management team. They provide the information needed to make informed decisions that can affect the profitability of a business or organization.
The responsibilities of a financial analyst often include:
- Examining trends in spending and revenue for an organization
- Calculating net margins and other metrics used by investors to gauge how well a company is doing financially
- Monitoring changes in an organization’s industry; this helps them determine whether their projections for future performance are accurate
6. Management accountant
Management accountants work in organisations, usually for profit-making businesses but also for not-for-profit organisations. They analyse and interpret financial information about the operations of an organisation and its performance compared to budgets and plans.
They can prepare forecasts and reports on a range of topics from cash flow to sales revenue, from production costs to marketing strategy.
Management accountants must have excellent analytical skills, be able to communicate well with people at all levels within their workplace, as well as with colleagues across different departments or companies (eg finance departments).
there are lots of jobs you can do with a cima qualification
A CIMA qualification is a valuable addition to your CV, especially in today’s modern world. You can use it to pursue a variety of careers and positions across the UK and all over the world. The not-for-profit sector is growing, so there are lots of opportunities for you if you choose to work in this area.
The private sector is also a good option for those who want to make money from their work. The public sector offers many interesting challenges and career opportunities too.
Conclusion
I hope this has given you a good overview of the types of jobs that can be done with a CIMA qualification. The main takeaway here is that it’s not just finance professionals who benefit from this type of training—anyone in any business could use some skills in their day-to-day work. So if you’re looking to advance your career or simply want to learn more about these topics, we recommend taking advantage of what CIMA has on offer!
