Senior Financial Accountant Salary

Senior Financial Accountants in the United States can expect to earn an average of $70K annually. With some bonuses approaching $10K and certain profit sharing proceeds approaching $15K, overall incomes of Senior Financial Accountants spread between $50K and $92K depending on individual performance. Location is the biggest factor affecting pay for this group, followed by experience level. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Work is enjoyable for Senior Financial Accountants, who typically claim high levels of job satisfaction. 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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$51,095 - $87,508

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$16.79 - $43.63

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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
$51,095 - $87,508  
   
Bonus
$970 - $10,153  
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).
)
$50,089 - $92,220  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 231
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
$16.79 - $43.63  
   
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
$970 - $10,153  
   
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).
)
$50,089 - $92,220  
Country: United States | Currency: USD | Updated: 18 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.

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.

Senior Financial Accountant Job Listings

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Popular Skills for Senior Financial Accountant


Senior Financial Accountants report using a wide range of professional 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 4 percent and 8 percent. Skills that seem to negatively impact pay include Financial Analysis. Most people familiar with 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.


For Senior Financial Accountants, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Individuals who have worked for fewer than five years bring in approximately $71K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $71K. For Senior Financial Accountants, 10 to 20 years of experience on the job amounts to an average salary of $75K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $80K, demonstrating that compensation is roughly commensurate with experience in the end.

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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%


Month-End Close
up arrow 4%

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
60 %
Male
40 %

Years of Experience

1-4 years
19%
5-9 years
37%
10-19 years
25%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 77%
vision benefits Vision: 67% employee benefits None: 9%
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