Senior Financial Accountant Salary

Senior Financial Accountants in the United States can expect to earn an average of $71K annually. Residence is the biggest factor affecting pay for this group, followed by career length. For the most part, Senior Financial Accountants enjoy their work and report high levels of job satisfaction. Most report receiving medical coverage from their employers and a large number collect dental insurance. This report is based on responses to the PayScale salary survey.
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$53,735 - $87,350
$54K
$71K
$87K
MEDIAN: $70,775
10%
50%
90%

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$22.66 - $35.98
$30
MEDIAN: $30.05
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
$53,735 - $87,350  
   
Bonus
$755 - $11,973  
Profit Sharing
$3,000  
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).
)
$54,589 - $91,960  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 145
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
$30.05  
   
Overtime
$40.29  
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
$755 - $11,973  
   
Profit Sharing
$3,000  
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).
)
$54,589 - $91,960  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 6

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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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. An Accounting Manager role is the most prevalent career advancement for Senior Financial Accountants. Paychecks for that role are $61K on average. The Senior Financial Analyst position is another common transition for Senior Financial Accountants; in this role, salaries are typically at the $76K mark.

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, Financial Analysis, and General Ledger Accounting are correlated to pay that is above average. It is often found that people who know Financial Analysis are also skilled in Microsoft Excel.

Pay by Experience Level for Senior Financial Accountant

Pay by Experience for a Senior Financial Accountant has a positive trend. An entry-level Senior Financial Accountant with less than 5 years of experience can expect to earn an average total compensation of $69,000 based on 55 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Financial Accountant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $73,000 based on 68 salaries. An experienced Senior Financial Accountant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 54 salaries. A Senior Financial Accountant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $81,000 based on 20 salaries.

Pay Difference by Location

National Average: $72,658

Larger city markers indicate a job is popular in that location.

For Senior Financial Accountants, working in the bustling city of New York has its advantages, including an above-average pay rate. Senior Financial Accountants can also look forward to large paychecks in cities like Houston (+18 percent), Seattle (+3 percent), Los Angeles (+3 percent), and Chicago (+2 percent). Falling short of the national average by 13 percent, the area with the worst salaries is Cleveland. Workers in Dallas and Denver earn salaries that trail the national average for those in this profession (11 percent less and 1 percent less, respectively).

Related Job Salaries

Key Stats for Senior Financial Accountant

Gender

Female
59 %
Male
41 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 19 votes.
1-4 years
23%
5-9 years
40%
10-19 years
25%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Financial Accountant Salaries

▲11%

▲1%

National Average
$73,000

▼1%

▼5%

Skills That Affect Senior Financial Accountant Salaries

Accounting
▲8%

Month-End Close
▲4%

General Ledger Accounting
▼0%


National Average
$73,000

Financial Reporting
▼1%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 19 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

1-4 years
23%
5-9 years
40%
10-19 years
25%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 84%
vision benefits
Vision: 74%
no benefits
None: 9%
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