Senior Financial Accountant Salary

An average Senior Financial Accountant in the United States can expect to take home roughly $71K annually. In the world of Senior Financial Accountants, total cash compensation can vary between $50K and $93K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $15K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Women make up the majority of Senior Financial Accountants (61 percent) who completed the questionnaire. Medical benefits are awarded to most, and a strong majority earn dental coverage. For the most part, Senior Financial Accountants enjoy their work and report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$50,972 - $87,868
(Median)
$51K
$71K
$88K
MEDIAN: $70,579
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$32K$64K$96K
Salary
$50,972 - $87,868  
   
Bonus
$965 - $10,341  
Profit Sharing
$2.21 - $14,681  
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).
)
$49,959 - $93,058  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 227
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
$965 - $10,341  
   
Profit Sharing
$2.21 - $14,681  
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).
)
$49,959 - $93,058  
Country: United States | Currency: USD | Updated: 2 Jul 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.

Senior Financial Accountant Job Listings

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Popular Skills for Senior Financial Accountant


Senior Financial Accountants seem to require a number of specific skills. 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. Most people who know Financial Analysis also know Microsoft Excel.

Pay by Experience Level for Senior Financial Accountant

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


Experience does not seem to be a strong driver of pay increase in this role. Survey participants with less than five years' experience report a median income of $71K, and earnings aren't much higher for respondents who have five to 10 years under their belts; respondents in the latter group report a median of just $71K. Senior Financial Accountants bring in $75K after working for 10 to 20 years. After two decades in the workforce, the average Senior Financial Accountant generally earns more than ever; median pay for this group is estimated at $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 6%

Month-End Close
up arrow 3%

Financial Reporting
up arrow 1%

Microsoft Excel
0%

National Average
$73,000

Financial Analysis
up arrow 4%

Job Satisfaction

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

Gender

Female
61 %
Male
39 %

Years of Experience

1-4 years
18%
5-9 years
38%
10-19 years
26%
20 years or more
19%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 78%
vision benefits Vision: 68% employee benefits None: 8%
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