Senior Financial Accountant Salary

Median pay for Senior Financial Accountants in the United States lies in the neighborhood of $70K per year. Location and career length each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Senior Financial Accountants. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$53,231 - $86,126
$53K
$71K
$86K
MEDIAN: $70,666
10%
50%
90%

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$22.66 - $35.61
$25
MEDIAN: $24.79
50%

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$0$91K
Salary $53,231 - $86,126
Bonus $198.66 - $11,745
Profit Sharing $2,442
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).
)
$52,775 - $91,045
  • Country: United States
  • Currency: USD
  • Updated: 16 Oct 2017
  • Individuals Reporting: 119
Hourly Data $0$40
Hourly Rate $24.79
Overtime $40.29
Annual Data $0$91K
Bonus $198.66 - $11,745
Profit Sharing $2,442
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).
)
$52,775 - $91,045
  • Country: United States
  • Currency: USD
  • Updated: 16 Oct 2017
  • Individuals Reporting: 6

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. An Accounting Manager role is the most common promotion for Senior Financial Accountants moving up the ladder. Pay for this role tends to be $61K per year. Another typical, albeit less common, transition for Senior Financial Accountants is a Senior Financial Analyst position, where earnings are usually $76K.

Senior Financial Accountant Job Listings

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, Financial Analysis, and General Ledger Accounting are correlated to pay that is above average. Those educated in Financial Analysis tend to be well versed 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: $72,151

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 will also find cushy salaries in Houston (+19 percent), Seattle (+4 percent), Los Angeles (+4 percent), and Chicago (+3 percent). Cleveland is the lowest-paying area, 12 percent south of the national average.

Related Job Salaries

Key Stats for Senior Financial Accountant

Gender

Female
55 %
Male
45 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.
1-4 years
23%
5-9 years
37%
10-19 years
27%
20 years or more
13%

Experience Affects Senior Financial Accountant Salaries

▲12%

▲1%

▼0%

National Average
$72,000

▼4%

Skills That Affect Senior Financial Accountant Salaries

Accounting
▲9%

Month-End Close
▲5%


Financial Reporting
▼0%

General Ledger Accounting
▼0%

National Average
$72,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

1-4 years
23%
5-9 years
37%
10-19 years
27%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 85%
vision benefits
Vision: 79%
no benefits
None: 9%