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Account analyst hiring summary. Here are some key points about hiring account analysts in the United States:
Here's a step-by-step account analyst hiring guide:
Account analysts are responsible for analyzing account statements and financial transactions of an organization, resolving billing discrepancies, and managing account receivables. They assess the company's financial stability and identify opportunities to improve data analysis techniques by adhering to accounting principles and the company's operational protocols. Account analysts prepare financial reports, evaluate accounts payable, assist in tax audits, and release invoices. They should have excellent analytical and communication skills, especially on posting accurate account reports on the database.
First, determine the employments status of the account analyst you need to hire. Certain account analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
An account analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, account analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of account analysts.
| Type of Account Analyst | Description | Hourly rate |
|---|---|---|
| Account Analyst | Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time... Show more | $18-37 |
| Finance Analyst/Accountant | In a company setting, a finance analyst/accountant is in charge of handling and monitoring financial activities, ensuring efficiency and accuracy. Their responsibilities revolve around preparing financial reports, performing audits and risk assessments, and identifying any errors and inconsistencies, resolving them promptly and efficiently... Show more | $22-40 |
| Corporate Accountant | A corporate accountant is a professional who prepares financial statements and maintains financial records of an organization to ensure that they comply with laws, regulations, and the organization's policies. Corporate accountants are required to analyze financial statements to help executives make financial decisions for the organization... Show more | $22-42 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $81,609 | $39 |
| 2 | New Jersey | $77,269 | $37 |
| 3 | California | $66,097 | $32 |
| 4 | Massachusetts | $63,161 | $30 |
| 5 | Connecticut | $62,532 | $30 |
| 6 | Oregon | $59,682 | $29 |
| 7 | Maryland | $58,044 | $28 |
| 8 | Pennsylvania | $56,586 | $27 |
| 9 | Texas | $53,783 | $26 |
| 10 | Georgia | $53,691 | $26 |
| 11 | Florida | $52,894 | $25 |
| 12 | Michigan | $52,741 | $25 |
| 13 | North Carolina | $51,527 | $25 |
| 14 | Arizona | $50,787 | $24 |
| 15 | South Carolina | $50,203 | $24 |
| 16 | Ohio | $49,820 | $24 |
| 17 | Colorado | $49,577 | $24 |
| 18 | Illinois | $47,424 | $23 |
| 19 | Minnesota | $46,670 | $22 |
| 20 | Alabama | $46,242 | $22 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Venable | $107,053 | $51.47 | |
| 2 | $97,325 | $46.79 | 40 | |
| 3 | Pacific Investment Management Company LLC | $97,078 | $46.67 | 13 |
| 4 | Payoneer | $94,942 | $45.65 | |
| 5 | City National Bank | $92,076 | $44.27 | 6 |
| 6 | BNY Mellon | $91,988 | $44.23 | 5 |
| 7 | Credit Suisse | $91,413 | $43.95 | |
| 8 | BlackRock | $91,042 | $43.77 | 10 |
| 9 | Barclays | $90,752 | $43.63 | |
| 10 | Morgan Stanley | $82,820 | $39.82 | 3 |
| 11 | Eastman | $82,139 | $39.49 | 2 |
| 12 | Crown Castle International | $77,724 | $37.37 | 10 |
| 13 | Siemens | $77,343 | $37.18 | 20 |
| 14 | ScanSource | $76,838 | $36.94 | 3 |
| 15 | AAA FACILITY SERVICES | $71,579 | $34.41 | |
| 16 | Ryerson | $70,643 | $33.96 | 2 |
| 17 | Fortune Brands Home & Security | $69,682 | $33.50 | |
| 18 | Trek Bicycle | $69,218 | $33.28 | 2 |
| 19 | Bunge | $68,293 | $32.83 | 2 |
| 20 | World Fuel Services | $67,875 | $32.63 |
An account analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of an account analyst job description:
To find account analysts for your business, try out a few different recruiting strategies:
To successfully recruit account analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the account analyst position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new account analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Recruiting account analysts involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
The median annual salary for account analysts is $55,829 in the US. However, the cost of account analyst hiring can vary a lot depending on location. Additionally, hiring an account analyst for contract work or on a per-project basis typically costs between $18 and $37 an hour.