Account Analyst Salary
Median pay for Account Analysts in the United States is around $43K per year. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. For the most part, Account Analysts enjoy their work and report high levels of job satisfaction. Women Account Analysts who took the survey just slightly outnumber men. The data in this summary comes from the PayScale salary survey.
Job Description for Account Analyst
The account analyst’s job will generally have them looking at financial statements for public companies. They will be responsible for evaluating balance sheets, statements of cash flow, and income statements. The analyst will have extensive knowledge of accounting principle. This knowledge will be applied when providing details that support the financial statements of the companies they work for.Read More...
The analyst is a specific part of an overall team that makes up the accounting department of the company. They will generally report to a manager or supervisor, and there can be multiple analysts working together, depending on industry and size of the company. For this job, it is good for the candidate to sound knowledge of accounting practices and theories, as well as being analytical and detail-oriented. The individual should be able to interact clearly and effectively with the general public, vendors, and customers.
A person applying for an account analyst job will more than likely be required to have a master’s degree that specializes in accounting or finance. Some analysts also hold certifications as a Certified Public Accountant (CPA), Chartered Certified Accountant (ACCA), or Chartered Accountant (CA or ACA). Many companies would want their analysts to have a good amount of experience, but this is not always the case. The accounting analyst’s typical day will usually involve a 9-to-5 schedule. However, depending on the company that they are working for, the analyst could find themselves working into the night or on weekends.
Account Analyst Tasks
- Process client invoices, applying price reductions and rebates.
- Maintain records of company promotions, sales, price changes, and other factors affecting customer billing.
- Identify and resolve errors with customer accounts.
- Monitor customer payments received and current account status.
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Popular Skills for Account Analyst
Account Analysts report a focused set of job skills. Most notably, skills in Data Analysis, Customer Service, Billing, and Microsoft Excel are correlated to pay that is above average. Those listing Microsoft Office as a skill should be prepared for drastically lower pay. Microsoft Excel and Billing also typically command lower compensation. It is often found that people who know Data Analysis are also skilled in Customer Service.
Pay by Experience Level for Account Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Although individuals who have less than five years' experience earn $41K on average, people with five to 10 years benefit from a notably larger average of $43K. People with 10 to 20 years of experience make an average of about $44K in this role. Account Analysts who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $43K.
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Rated 4 out of 5
based on 24 votes.