Senior Financial Accountant Salary

Senior Financial Accountants in the United States pull down an average of $71K annually. Geographic location is the biggest factor affecting pay for this group, followed by tenure. There are more female Senior Financial Accountants who answered the questionnaire than male, making up 61 percent. Job satisfaction is high and work is enjoyable for most Senior Financial Accountants. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. This report is based on responses to the PayScale salary survey.
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$53,282 - $87,681
$53K
$71K
$88K
MEDIAN: $70,633
10%
50%
90%

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$21.73 - $34.02
$24
MEDIAN: $23.78
50%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$31K$62K$93K
Salary
$53,282 - $87,681  
   
Bonus
$738 - $11,562  
Profit Sharing
$3,000  
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).
)
$53,423 - $91,341  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 152
© PayScale, Inc. @ www.payscale.com
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$16$32$48
Hourly Rate
$23.78  
   
Overtime
$39.20  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Bonus
$738 - $11,562  
   
Profit Sharing
$3,000  
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).
)
$53,423 - $91,341  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 8
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

United States (change)

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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

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

Common Career Paths for Senior Financial Accountant


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Senior Financial Accountants' salary tends to stay somewhat level for those who assume higher-end positions like Financial Controller. Median pay for Financial Controllers is $77K. Becoming an Accounting Manager is, more often than not, the most common role that Senior Financial Accountants move into when they're ready for the next step in their career. A median salary for an Accounting Manager is $61K. Another frequent advance is for Senior Financial Accountants to assume a Senior Financial Analyst role; in this role, workers often take home $76K.

Senior Financial Accountant Job Listings

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Popular Skills for Senior Financial Accountant


Survey results suggest that Senior Financial Accountants use a fairly large toolkit of professional skills. Most notably, skills in Accounting, Month-End Close, Financial Analysis, and General Ledger Accounting are correlated to pay that is above average. For most people, competency in Financial Analysis indicates knowledge of Microsoft Excel.

Pay by Experience Level for Senior Financial Accountant

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


Average salaries for inexperienced employees average out to around $69K, but folks who have five to 10 years of experience earn a higher median of $73K. Senior Financial Accountants bring in $72K after working for 10 to 20 years. Senior Financial Accountants who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $81K.

Pay Difference by Location

National Average: $72,185

Larger city markers indicate a job is popular in that location.

For Senior Financial Accountants, busy New York offers a higher-than-average pay rate, 32 percent above the national average. Senior Financial Accountants can also look forward to large paychecks in cities like Houston (+19 percent), Seattle (+4 percent), Los Angeles (+4 percent), and Chicago (+3 percent). Trailing the national average by 12 percent, Cleveland is the market with the smallest paychecks.

Related Job Salaries

Key Stats for Senior Financial Accountant

Gender

Female
61 %
Male
39 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.
1-4 years
23%
5-9 years
36%
10-19 years
29%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Financial Accountant Salaries

▲12%

▲1%

▼0%

National Average
$72,000

▼4%

Skills That Affect Senior Financial Accountant Salaries

Accounting
▲9%

Month-End Close
▲5%


Financial Reporting
▼0%

General Ledger Accounting
▼0%

National Average
$72,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

1-4 years
23%
5-9 years
36%
10-19 years
29%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 78%
vision benefits
Vision: 68%
dental benefits
None: 14%
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