Senior Staff Accountant Salary
Job Description for Senior Staff Accountant
Senior staff accountants are responsible for overseeing all aspects of a company’s accounting. Some specialization may occur in larger organizations, but senior staff accountants generally verify payroll information, review billing details on a monthly basis, prepare and post journal entries, and maintain the balance sheet. In the short term, they track cash and credit payments and rectify banking information on a daily basis. In some firms, senior staff accountants may also track sales tax or other specialized tax information. Longer-term projects include analyzing yearly performance data for presentation to management, which involves comparing prior projections to actual performance, adjusting and creating a new forecast, and investigating any anomalies in the accounting data. Senior staff accountants also assist with auditing as needed.Read More...
Senior staff accountants generally work in an office environment during regular business hours, with some overtime required as reporting deadlines approach. A typical day for senior staff accountants involves analyzing and reviewing vast quantities of accounting data using Excel and other accounting tools, preparing reports for other accountants and financial officers, and maintaining accurate accounting records.
Senior staff accountants are required to hold a bachelor’s degree in accounting, business, or a related field. To reach the senior level, these accountants must have several years’ experience in the accounting field, with as many as seven years required by larger firms. A number of software proficiencies are required for senior staff accountants, including Microsoft Excel, Word, and Access. In addition to these requirements, many firms use specialized accounting software and prefer candidates with experience using this software.
Senior Staff Accountant Tasks
- Lead month end reporting and analysis of fixed costs and balance sheet analysis.
- Create and file tax documents, and implement processes to ensure financial integrity.
- Assist with annual and quarterly budgets, forecasts, and reports, including profits/losses by business unit.
- Track data and compile internal reports on assets, liabilities, and expenses.
Common Career Paths for Senior Staff Accountant
For Senior Staff Accountants, progressing to a Corporate Controller role may result in a significant raise. On average, a Corporate Controller can earn $93K annually. It is not uncommon for a Senior Staff Accountant to continue on to become an Accounting Manager or a Senior Accountant.
Senior Accountant Job Listings
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Popular Employer Salaries for Senior Staff Accountant
Popular Skills for Senior Staff Accountant
Senior Staff Accountants report using a large range of skills on the job. Most notably, skills in Budgeting, Financial Reporting, Month-End Close, and General Ledger Accounting are correlated to pay that is above average. Skills that pay less than market rate include Quickbooks, Microsoft Word, and Accounts Payable. The majority of those who know General Ledger Accounting also know Financial Reporting.
Pay by Experience Level for Senior Staff Accountant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Survey participants with less than five years' experience pocket $57K on average, but those with five to 10 years of experience enjoy a much bigger median of $60K. On average, Senior Staff Accountants make $62K following one to two decades on the job. Survey participants with more than twenty years of experience only make around $61K on average, though; this group reports a lower median than the one claimed by mid-career individuals.
Pay Difference by Location
Washington offers some of the highest pay in the country for Senior Staff Accountants, 17 percent above the national average. Senior Staff Accountants can also look forward to large paychecks in cities like Houston (+16 percent), Denver (+11 percent), Boston (+9 percent), and Chicago (+8 percent). Louisville is the lowest-paying area, 11 percent south of the national average. Employers in Las Vegas and Jacksonville also lean toward paying below-median salaries (9 percent lower and 2 percent lower, respectively).
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Key Stats for Senior Staff Accountant
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