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Senior Financial Accountant Salary

Senior Financial Accountants in the United States can expect wages of $71K annually on average. Final cash compensation to Senior Financial Accountants varies from around $50K to approximately $93K; choice pay grades include potential for bonuses and profit sharing as high as $10K and $15K, respectively. Location is the biggest factor affecting pay for this group, followed by career duration. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. The majority of workers are highly satisfied with their job. This overview is based on answers to PayScale's salary questionnaire.
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$50,995 - $86,861
(Median)
$51K
$71K
$87K
MEDIAN: $70,567
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$31K$62K$93K
Salary
$50,995 - $86,861  
   
Bonus
$875 - $10,389  
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).
)
$50,056 - $92,745  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 210
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
$875 - $10,389  
   
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).
)
$50,056 - $92,745  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 13

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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

  • 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 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 7 percent. Skills that are correlated to lower pay, on the other hand, include Financial Analysis. Most people skilled in Financial Analysis are similarly competent in Microsoft Excel.

Pay by Experience Level for Senior Financial Accountant

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


Experience and pay tend to be weakly linked for Senior Financial Accountants — those with more experience do not necessarily bring in higher earnings. In this position, someone who has worked for fewer than five years can expect a median salary of $70K. The median for people with five to 10 years of experience is only a little bit higher at $71K. People with 10 to 20 years of experience make an average of about $76K in this role. Senior Financial Accountants who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $80K.

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United States (change)

Experience Affects Senior Financial Accountant Salaries



National Average
$73,000



Skills That Affect Senior Financial Accountant Salaries

Accounting
up arrow 7%

General Ledger Accounting
up arrow 5%

Month-End Close
up arrow 3%

Financial Reporting
up arrow 1%

Microsoft Excel
0%

National Average
$73,000


Job Satisfaction

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

Gender

Female
60 %
Male
40 %

Years of Experience

1-4 years
18%
5-9 years
37%
10-19 years
26%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 77%
vision benefits Vision: 67% employee benefits None: 8%
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