Senior Financial Accountant Salary

Median pay for Senior Financial Accountants in the United States lies in the neighborhood of $70K annually. Cash earnings for Senior Financial Accountants — which occasionally include more than $10K from bonuses and more than $13K from profit sharing — stretch from around $51K to approximately $92K. Residence is the biggest factor affecting pay for this group, followed by career length. There are more female Senior Financial Accountants who answered the questionnaire than male, making up 61 percent. For the most part, Senior Financial Accountants enjoy their work and report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. The numbers in this rundown were provided by PayScale's salary survey participants.
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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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For Senior Financial Accountants, career advancements do not tend to correlate with a rise in salary. On average, lower-level Senior Financial Accountants earn similar salaries to those in higher-end positions like Financial Controller. More often than not, an Accounting Manager role is the next step for Senior Financial Accountants moving up in the field. Pay for Accounting Managers is usually $60K. Many Senior Financial Accountants choose to take on a Senior Financial Analyst role instead, where salaries are typically $75K.

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Popular Skills for Senior Financial Accountant


Survey results suggest that Senior Financial Accountants use a fairly large toolkit of professional skills. 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. 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.


Senior Financial Accountants with a lot of experience do not necessarily enjoy more money. Someone who has worked for fewer than five years earns around $70K on average. Individuals with five to 10 years of experience don't get much more, though; the average income in this group is $72K. For Senior Financial Accountants, 10 to 20 years of experience on the job amounts to an average salary of $74K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $81K, 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%

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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