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Senior Financial Accountant Salary

For Senior Financial Accountants, annual average wages total $70K per year. Final cash compensation to Senior Financial Accountants varies from around $50K to approximately $93K; choice pay grades include potential for bonuses and profit sharing as high as $10K and $15K, respectively. Geography and career length 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. Most Senior Financial Accountants like their work and job satisfaction is high. The majority of Senior Financial Accountants (60 percent) who took the survey are women. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$50,661 - $87,426
(Median)
$51K
$70K
$87K
MEDIAN: $70,359
10%
50%
90%

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$16.79 - $43.63
(Median)
$17
$22
$44
MEDIAN: $21.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$31K$62K$93K
Salary
$50,661 - $87,426  
   
Bonus
$957 - $10,376  
Profit Sharing
$2.14 - $14,795  
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).
)
$49,672 - $92,864  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 218
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$16$32$48
Hourly Rate
$16.79 - $43.63  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Bonus
$957 - $10,376  
   
Profit Sharing
$2.14 - $14,795  
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).
)
$49,672 - $92,864  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 13
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Job Description for Senior Financial Accountant

A senior financial accountant is primarily responsible for the collection and analysis of financial information for their organization, as well as advising the business on financial decisions. This accountant is the upper-level financial officer within a business, responsible for analyzing the economic stability of their organization. They assist other executive staff members by providing financial reporting, guidance, and knowledge. A senior financial accountant is required to advise employers and staff members regarding investments, report costs and productivity, analyze and report margins, report expenditures, and offer financial recommendations.

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Senior Financial Accountant Tasks

  • Advise teams and management about current and forecasted states.
  • Analyze data, create invoices and statements, and identify problems.
  • Maintain account journals, reconcile accounts and update reports.
  • Design process improvements, test them, and implement them.

Common Career Paths for Senior Financial Accountant


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Senior Financial Accountants who go on to become Financial Controllers may see somewhat stagnant compensation. On average, a Financial Controller, an upper-level role, pays $77K.

Senior Financial Accountant Job Listings

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Popular Skills for Senior Financial Accountant


Senior Financial Accountants generally report applying a varied skill set to their work. Most notably, skills in Accounting, General Ledger Accounting, Month-End Close, and Financial Reporting are correlated to pay that is above average, with boosts between 3 percent and 8 percent. Skills that are correlated to lower pay, on the other hand, include Financial Analysis. Those educated in Financial Analysis tend to be well versed in Microsoft Excel.

Pay by Experience Level for Senior Financial Accountant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Senior Financial Accountants, extensive experience does not lead to significantly more money. During the first five years of their careers, Senior Financial Accountants see a median income of $69K. Survey respondents with five to 10 years of experience report an only modestly higher median of $70K. Senior Financial Accountants bring in $76K after working for 10 to 20 years. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $81K.

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Experience Affects Senior Financial Accountant Salaries



National Average
$73,000



Skills That Affect Senior Financial Accountant Salaries

Accounting
up arrow 8%

General Ledger Accounting
up arrow 5%

Month-End Close
up arrow 3%

Financial Reporting
up arrow 1%

Microsoft Excel
0%

National Average
$73,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 35 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

1-4 years
18%
5-9 years
37%
10-19 years
26%
20 years or more
19%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 77%
vision benefits Vision: 67% employee benefits None: 9%
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