Chief Accountant Salary
With nearly two in three of Chief Accountants in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $40K to $106K per year and averages out to $59K annually. Job satisfaction is high and work is enjoyable for most Chief Accountants. Some workers in this field — nearly one in four — are not awarded benefits. Medical coverage is reported by the larger part and dental plans are enjoyed by the greater part. Women Chief Accountants who took the survey just slightly outnumber men. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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.
More years of relevant experience do not necessarily translate to higher paychecks. Those in the early stages of their career can expect to make around $48K; however, individuals with five to 10 years of experience bring in $59K on average — a distinctly larger sum. After working for 10 to 20 years, Chief Accountants make a median salary of $62K. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Chief Accountant with more than 20 years of experience can earn $67K on average.