Financial Analyst Accountant Salary
Financial Analyst Accountants in the United States can expect to earn an average of $58K per year. Geographic location and experience level 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. Work is reasonably fulfilling for most Financial Analyst Accountants — the majority report average levels of job satisfaction. Women make up a slight majority of Financial Analyst Accountants (51 percent) survey respondents. Participants in PayScale's salary questionnaire provided the particulars of this report.
Job Description for Financial Analyst Accountant
Financial analyst accountants are accountants who generally work for only one company - as opposed to public accountants, who serve many clients. An FAA is in charge of financial planning and forecasting economic and market situations for his/her company and its future interests. They typically work with numbers in corporate settings and spend a lot of time indoors and sitting at a desk working with numbers and formulas.Read More...
Financial analysts are typically employed by client companies which work with a large number of their own clients and may have other accountants who are focused on specific accounts; therefore, the FAA must bring all of these accounts together and merge them into company-specific goals, strategies, and information. These accountants also work directly with the organization’s Chief Financial Analyst to create annual forecasts and budgets for the company, as well as develop month-to-month forecasts and budgets. FAAs use this data to analyze results on a monthly basis and often serve as points of contact between the executive team and the accounting branch of the organization.
A bachelor’s degree in accounting, finance, or a related field is generally required for this position. Some employers may prefer applicants who hold certification as CPAs, while others may prefer applicants with prior accounting experience.
Financial Analyst Accountant Tasks
- Maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Summarize and prepare financial records and statements for external reporting.
- Utilize accounting principles to ensure compliance with regulatory reporting requirements.
Common Career Paths for Financial Analyst Accountant
Many Financial Analyst Accountants move into a Senior Financial Analyst role, and folks who currently hold that position report a much higher median income of $76K per year. It is quite typical for Financial Analyst Accountants to transition into roles as Accounting Managers or Assistant Financial Controllers, where reported median earnings are $2K and $2K higher per year.
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Popular Skills for Financial Analyst Accountant
Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Budgeting, SAP SAP Financial Accounting and Controlling, Accounting, and Microsoft Excel are correlated to pay that is above average. Accounts Payable, on the other hand, is typically associated with much lower pay. Those educated in Accounting tend to be well versed in Financial Reporting and Microsoft Excel.
Pay by Experience Level for Financial Analyst Accountant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The median compensation for relatively untried workers is $56K; in the five-to-10 year group, it's higher at around $59K. Financial Analyst Accountants bring in $67K after working for 10 to 20 years. People who have worked for more than 20 years report a median income no higher than the median for folks with 10 to 20 years of experience.
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Key Stats for Financial Analyst Accountant
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