Financial Reporting Manager Salary
The average Financial Reporting Manager in the United States earns approximately $93K annually. Including potential for bonuses and profit sharing — peaking near $20K and $15K, respectively — total cash payment to Financial Reporting Managers can bottom out near $77K or peak near $130K depending on individual performance. Location is the biggest factor affecting pay for this group, followed by years of experience. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. Most workers in this position report high levels of job satisfaction. Men working as Financial Reporting Managers who took the survey just slightly outnumber women at 56 percent. Participants in PayScale's salary questionnaire provided the particulars of this report.
|Salary||$73,394 - $120,734|
|Bonus||$2,500 - $20,066|
|Profit Sharing||$-0.49 - $9,696|
|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).)
|$76,895 - $131,794|
|Bonus||$2,500 - $20,066|
|Profit Sharing||$-0.49 - $9,696|
|Total Pay (||$76,895 - $131,794|
Job Description for Financial Reporting Manager
A financial reporting manager is responsible for preparation of many of the financial reports required by an organization. On an average day, they may be ensuring the accuracy of 10-Q or 10-K reports for the Securities and Exchange Commission (SEC), pulling profit and loss financials for one or all remote locations of a large conglomerate, or working with others to improve the reporting process for various divisions of their company.Read More...
Depending on the size and type of their firm, financial reporting managers may be leaders of a team of accountants, bookkeepers, and/or other staff. They may also work alone or hold additional responsibilities if the firm is relatively small. Regardless of whether or not they are team leaders, they generally report to upper management, and often have interactions with others outside the organization, including the SEC.
Since financial reporting managers spend so much of their time dealing with financial and accounting affairs, they are generally expected to have a bachelor's degree in accounting, and most companies prefer that they also be licensed as CPAs (Certified Public Accountants). In many industries, familiarity with other organizations or legislation, such as the SEC and the Sarbanes-Oxley Act, are also required. Depending on what kind of organization they work for, they may need a certain amount of specialized knowledge about a particular industry, such as oil and gas exploration, commercial construction, or health care facilities.
While financial reporting managers are busy every day of the year, there are certain times of the month and year in which they are especially busy. End-of-month reporting is one example, as is the end of the calendar and/or fiscal year, when important financial documents for all employees, contractors, and the like must be generated. This position is primarily mentally taxing, with few physical demands, though having the stamina to work overtime hours when it's time to print and review large quantities of data is essential. (Copyright 2017 PayScale.com)
Financial Reporting Manager Tasks
- Prepare forms and documents for company annual and quarterly financial disclosures and earnings releases.
- Provide financial data to support SEC filings.
- Develop and put into practice company policies for accounting to ensure clarity, accuracy and transparency.
- Keep financial records up to date with all financial activity and in compliance with regulations.
Financial Reporting Manager Job Listings
Popular Skills for Financial Reporting Manager
Financial Reporting Managers report using a large range of skills on the job. Most notably, skills in Securities and Exchange Commision Experience, Database Management & Reporting, Microsoft Word, and Accounting are correlated to pay that is above average. Those listing Budgeting as a skill should be prepared for drastically lower pay. Project Management and SAP SAP Financial Accounting and Controlling also typically command lower compensation. Most people experienced in Accounting also know Microsoft Excel.
Pay by Experience Level for Financial Reporting Manager
Pay by Experience for a Financial Reporting Manager has a positive trend. An entry-level Financial Reporting Manager with less than 5 years of experience can expect to earn an average total compensation of $92,000 based on 60 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Reporting Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $99,000 based on 180 salaries. An experienced Financial Reporting Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $96,000 based on 130 salaries. A Financial Reporting Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $94,000 based on 33 salaries.
Pay Difference by Location
New York offers some of the highest pay in the country for Financial Reporting Managers, 20 percent above the national average. Financial Reporting Managers will also find cushy salaries in Los Angeles (+16 percent) and Houston (+15 percent). One of the biggest compensable factors for Financial Reporting Managers is geography, with workers in Kansas City earning a whopping 24 percent below the national average. Below-median salaries also turn up in Boston and St. Louis (16 percent lower and 15 percent lower, respectively).
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Key Stats for Financial Reporting Manager
Rated 5 out of 5
based on 60 votes.