Senior Financial Accountant Salary

An average Senior Financial Accountant in the United States can expect to take home roughly $70K annually. Overall cash earnings for Senior Financial Accountants stretch from $51K on the lower end to $92K near the top, and the heftiest packages can encompass around $10K from bonuses and $13K from profit sharing. Location is the biggest factor affecting pay for this group, followed by tenure. Most workers in this position report high levels of job satisfaction. More than half of Senior Financial Accountants (61 percent) survey participants are women. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. The data in this summary comes from the PayScale salary survey.
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$51,261 - $87,409
(Median)
$51K
$70K
$87K
MEDIAN: $70,046
10%
50%
90%

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$16.85 - $42.83
(Median)
$17
$27
$43
MEDIAN: $26.00
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
$51,261 - $87,409  
   
Bonus
$727 - $10,274  
Profit Sharing
$1.00 - $13,000  
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).
)
$50,779 - $91,875  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 280
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
$16.85 - $42.83  
   
Overtime
$1.50  
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
$727 - $10,274  
   
Profit Sharing
$1.00 - $13,000  
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).
)
$50,779 - $91,875  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 14
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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' salary tends to stay somewhat level for those who assume higher-end positions like Financial Controller. Median pay for Financial Controllers is $77K. Given that the median pay is $60K, it may be surprising to find that an Accounting Manager is the most common role for Senior Financial Accountants to subsequently assume on their way up the ladder. Transitioning into a Senior Financial Analyst role — which pays $75K — is also typical for Senior Financial Accountants, though less common by comparison.

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, Month-End Close, General Ledger Accounting, and Financial Reporting are correlated to pay that is above average, with boosts between 4 percent and 8 percent. Those proficient in Financial Analysis are, more often than not, also skilled in Microsoft Excel.

Pay by Experience Level for Senior Financial Accountant

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


Senior Financial Accountants do not generally earn higher incomes from more experience in the field. At career start (within the first five years), average income sits near $70K, and the average for folks who have worked for five to 10 years is only slightly higher at $72K. Senior Financial Accountants claiming one to two decades of experience make an estimated median of $74K. Senior Financial Accountants who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $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 4%

Month-End Close
up arrow 4%

Financial Reporting
up arrow 1%

Microsoft Excel
0%

National Average
$73,000

Financial Analysis
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 40 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

1-4 years
20%
5-9 years
37%
10-19 years
26%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 77%
medical benefits
Vision: 66%
dental benefits
None: 8%
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