Accounting Analyst Salary
Job Description for Accounting Analyst
Accounting analysts are in charge of creating effective financial data analysis for their company. They develop financial documentation for organizational decision-makers, as well as interpret large amounts of accounting reports to create sound advice for future financial decisions. They also ensure accurate transaction records,evaluate financial processing, and control transaction processes. Accounting analysts also analyze and verify company records following organizational rules and industry privacy standards, as well as have access to control data integration. They draw conclusions for future financial decisions using complex raw data.Read More...
Accounting analysts must work effectively by themselves and with fellow analysts and other colleagues. They often either lead or actively participate in meetings and other corporate team planning, as well as coordinate the creation of annual financial statements. Generally, these professionals report to the accounting or finance president in their department.
A bachelor's degree in accounting, finance, or related field is needed for this position. Additional industry certifications, and previous job experience is helpful. An accounting analyst must also have extensive knowledge of accounting techniques as well as advanced experience with Microsoft Excel and risk-management software. They must have strong analytical skills and problem solving abilities needed to conduct accurate assessments and provide sound financial advice. Advanced written and verbal communication skills are needed to create reports and presentations on a regular basis. T
Accounting Analyst Tasks
- Evaluate and interpret financial accounting principles and statements including balance, revenue, and cash flow statements.
- Coordinate the cash management program to ensure existence of working capital.
- Perform financial planning and analysis, consolidation of forecasts and budgets, financial statement preparation, and investor reporting.
- Conduct studies of accounting errors and prepare cost accounting, statistics, and legal research reports.
Common Career Paths for Accounting Analyst
While Accounting Analysts do not often become Senior Financial Analysts, the job pays $76K per year on average. Accounting Analysts most often move into positions as Senior Accountants or Financial Analysts; those groups report median salaries that are $10K higher and $5K higher, respectively.
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Popular Skills for Accounting Analyst
Accounting Analysts seem to wield many skills on the job. Most notably, skills in Financial Analysis, Financial Reporting, General Ledger Accounting, and Auditing are correlated to pay that is above average, with boosts of 7 percent, 6 percent, 5 percent, and 5 percent, respectively. At the other end of the pay range are skills like Accounts Payable. The majority of those who know Accounting also know Financial Analysis and Accounts Payable.
Pay by Experience Level for Accounting Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average beginner in this position makes around $48K, but folks who have been around for five to 10 years see a markedly higher median salary of $55K. For Accounting Analysts, 10 to 20 years of experience on the job amounts to an average salary of $54K. Survey participants who have worked for more than two decades report bringing in $56K on average.
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