Chief Accountant Salary
The majority of Chief Accountants in the United States — between two-thirds and three-fourths — boast more than 10 years of experience in their profession. Salaries stretch from $41K to $93K per year, and the median is $62K annually. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. While some workers in this profession — nearly one in four — do not have any health coverage, the greater part do receive medical benefits and more than half have dental insurance. Most Chief Accountants like their work and job satisfaction is high. This report is based on responses to the PayScale salary survey.
|Salary||$42,460 - $96,660|
|Bonus||$979 - $19,574|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$41,016 - $92,991|
|Bonus||$979 - $19,574|
|Total Pay (||$41,016 - $92,991|
Job Description for Chief Accountant
Chief accountants typically handle the financial transactions for their company. They are often employed at government agencies, hospitals' billing departments, banks, retail chains, and a number of other establishments. Their day-to-day work typically includes handling tax-related duties, overseeing the business' payroll, collecting and paying bills, handling discrepancies, and maintaining a budget. They may also oversee the work of other accountants as well, checking subordinates' work, providing feedback, and answering questions; they may also play a role in the hiring process and have a say in the accountants hired for their business as well.Read More...
Chief accountants must oversee the maintenance of the company's transactions and assets, and they should stay up to date with relevant practices, laws, and technologies as well. In some instances, chief accountants may need to develop and implement accounting procedures for their organization as well; this includes training subordinates in their department and other individuals in the organization as well.
A bachelor's degree in accounting is typically required for this position, although a relevant master's degree may required as well. Employers generally prefer their chief accountant be a certified public accountant (CPA) as well. Chief accountants must have excellent math skills, be proficient in basic financial software, and have strong leadership and organizational skills. They must have excellent interpersonal communication skills, as they often present information to other managers on the company's finances.
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Pay by Experience Level for Chief Accountant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Chief Accountants, experience does not seem to be a major factor in determining pay. During their first five years in the workforce, individuals in this position earn $57K on average. Survey participants with five to 10 years under their belts see an only a slightly bigger average of $59K. Chief Accountants claiming one to two decades of experience make an estimated median of $63K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $67K.
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Key Stats for Chief Accountant
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