Senior Financial Accountants in the United States pull down an average of $70K per year. Total cash compensation for Senior Financial Accountants runs from $52K to $91K depending on bonuses that can occasionally exceed $12K and profit sharing that can reach almost $5K. Location and career length each impact pay for this group, with the former having the largest influence. There are more female Senior Financial Accountants who answered the questionnaire than male, making up 63 percent. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. Work is enjoyable for Senior Financial Accountants, who typically claim high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$53,077 - $87,281
(Median)
$53K
$70K
$87K
MEDIAN: $70,369
10%
50%
90%

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$17.11 - $35.48
(Median)
$17
$22
$35
MEDIAN: $22.00
10%
50%
90%

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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
$53,077 - $87,281  
   
Bonus
$800 - $12,208  
Profit Sharing
$0.07 - $5,068  
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).
)
$51,903 - $90,601  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 176
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
$17.11 - $35.48  
   
Overtime
$19.57  
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
$800 - $12,208  
   
Profit Sharing
$0.07 - $5,068  
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).
)
$51,903 - $90,601  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 10
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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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Many Senior Financial Accountants move into a Financial Controller role, which does not lead to a big boost in pay. Financial Controllers on average bring in a similar salary to Senior Financial Accountants. Senior Financial Accountants go on to become Accounting Managers more often than anything even though median pay for the role is $61K. Senior Financial Accountants who move into a Senior Financial Analyst role, another well-traveled path for those in this field, tend to find salaries of $76K.

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Popular Skills for Senior Financial Accountant


Survey results imply that Senior Financial Accountants put a diverse skill set to use. Most notably, skills in Accounting, Month-End Close, General Ledger Accounting, and Financial Analysis are correlated to pay that is above average, with boosts between 4 percent and 9 percent. The majority of those 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.


Workers with less than five years' experience earn around $69K on average, and those who have five to 10 years under their belts see a higher median salary of $73K. The average pay reported by folks with 10 to 20 years of experience is around $72K. 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.

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Experience Affects Senior Financial Accountant Salaries




National Average
$72,000


Skills That Affect Senior Financial Accountant Salaries

Accounting
up arrow 9%

Month-End Close
up arrow 5%

General Ledger Accounting
up arrow 4%

Financial Reporting
up arrow 1%

Financial Analysis
up arrow 1%

National Average
$72,000

Microsoft Excel
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 23 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

1-4 years
22%
5-9 years
38%
10-19 years
26%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 80%
medical benefits
Vision: 71%
dental benefits
None: 8%
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