Senior Financial Accountants in the United States can expect to earn an average of $71K per year. Final cash compensation to Senior Financial Accountants varies from around $54K to approximately $91K; choice pay grades include potential for bonuses and profit sharing as high as $11K and $5K, respectively. Geographic location and career length each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The majority of Senior Financial Accountants claim high levels of job satisfaction. Women account for the majority of Senior Financial Accountants who responded to the questionnaire — 61 percent to be exact. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$53,557 - $87,576
$54K
$71K
$88K
MEDIAN: $70,787
10%
50%
90%

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$21.73 - $34.02
$24
MEDIAN: $23.78
50%

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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
$53,557 - $87,576  
   
Bonus
$737 - $10,570  
Profit Sharing
$-0.50 - $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).
)
$53,755 - $91,290  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 170
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
$23.78  
   
Overtime
$37.64  
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
$737 - $10,570  
   
Profit Sharing
$-0.50 - $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).
)
$53,755 - $91,290  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 8

Find Out Exactly What You Should Be Paid

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

  • Maintain account journals, reconcile accounts and update reports.
  • Design process improvements, test them, and implement them.
  • Advise teams and management about current and forecasted states.
  • Analyze data, create invoices and statements, and identify problems.

Common Career Paths for Senior Financial Accountant


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Senior Financial Accountants who transition into an upper level Financial Controller position will not necessarily make much more than they do in their current role. The average Financial Controller makes $77K a year. Going from Senior Financial Accountant to Accounting Manager is the transition that occurs most often in this field, and the average paycheck for Accounting Managers is $61K. Many others choose to work as Senior Financial Analysts, where pay is typically $76K.

Senior Financial Accountant Job Listings

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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. 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.


Salaries for inexperienced workers average out to $73K, and those with five to 10 years' experience earn a higher median of $69K. Senior Financial Accountants see a median salary of $72K after reaching one to two decades on the job. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $79K.

Related Job Salaries

Key Stats for Senior Financial Accountant

Gender

Female
61 %
Male
39 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 25 votes.
038
1-4 years
20%
5-9 years
38%
10-19 years
30%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

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%



Financial Reporting
0%

National Average
$72,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 25 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

1-4 years
20%
5-9 years
38%
10-19 years
30%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 76%
vision benefits
Vision: 67%
dental benefits
None: 14%
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