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Account associate hiring summary. Here are some key points about hiring account associates in the United States:
Here's a step-by-step account associate hiring guide:
An account associate is responsible for supporting the accounting and finance department in performing accounting operations, bookkeeping functions, and other related clerical tasks. Account associates analyze and sort financial statements accordingly, assist on payroll processing, evaluate account reconciliations and receivables, create financial reports, and updating recent account information on the database. They also handle clients' inquiries and concerns, routing calls to the appropriate accounting staff or department. An account associate must have excellent analytical and communication skills, as well as comprehensive knowledge of the accounting principles.
Before you post your account associate job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find an account associate for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them an account associate to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an account associate that fits the bill.
The following list breaks down different types of account associates and their corresponding salaries.
| Type of Account Associate | Description | Hourly rate |
|---|---|---|
| Account Associate | Bookkeeping, accounting, and auditing clerks produce financial records for organizations. They record financial transactions, update statements, and check financial records for accuracy. | $16-32 |
| Bookkeeper | Bookkeepers are employees who are in charge of the company's general ledger. They are well-versed in basic accounting principles, and they apply these in their work... Show more | $14-25 |
| 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 |
Including a salary range in your account associate job description is one of the best ways to attract top talent. An account associate can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $63,841 | $31 |
| 2 | New York | $59,095 | $28 |
| 3 | New Jersey | $56,167 | $27 |
| 4 | Massachusetts | $55,483 | $27 |
| 5 | District of Columbia | $54,429 | $26 |
| 6 | Delaware | $51,224 | $25 |
| 7 | Maryland | $50,782 | $24 |
| 8 | Washington | $50,048 | $24 |
| 9 | Pennsylvania | $49,715 | $24 |
| 10 | Texas | $49,683 | $24 |
| 11 | Illinois | $48,388 | $23 |
| 12 | Oregon | $46,667 | $22 |
| 13 | Arizona | $45,948 | $22 |
| 14 | Michigan | $45,937 | $22 |
| 15 | Colorado | $44,125 | $21 |
| 16 | Florida | $44,090 | $21 |
| 17 | Georgia | $43,974 | $21 |
| 18 | Tennessee | $43,727 | $21 |
| 19 | North Carolina | $43,635 | $21 |
| 20 | Oklahoma | $43,258 | $21 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Pacific Investment Management Company LLC | $76,709 | $36.88 | 12 |
| 2 | Northern Trust | $76,632 | $36.84 | |
| 3 | New Relic | $71,047 | $34.16 | |
| 4 | Lord Abbett | $69,188 | $33.26 | 1 |
| 5 | Capital Group | $67,013 | $32.22 | |
| 6 | Hilti | $63,617 | $30.59 | 14 |
| 7 | TIBCO Software | $63,589 | $30.57 | |
| 8 | Prudential Bank | $62,944 | $30.26 | 2 |
| 9 | Ernst & Young | $62,376 | $29.99 | 34 |
| 10 | Novo Nordisk | $61,988 | $29.80 | |
| 11 | $60,758 | $29.21 | 5 | |
| 12 | E. & J. Gallo Winery | $59,369 | $28.54 | 3 |
| 13 | CF Industries | $59,291 | $28.51 | 4 |
| 14 | Meltwater | $57,386 | $27.59 | 4 |
| 15 | First Republic Bank | $55,495 | $26.68 | |
| 16 | JPMorgan Chase & Co. | $55,305 | $26.59 | 29 |
| 17 | AMETEK | $55,187 | $26.53 | 3 |
| 18 | PepsiCo | $55,095 | $26.49 | |
| 19 | Richmond American Homes | $55,013 | $26.45 | |
| 20 | American Century Investments | $54,922 | $26.40 |
A good account associate job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of an account associate job description:
To find the right account associate for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit account associates, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates 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've selected the best account associate candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Before you start to hire account associates, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire account associates pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Account associates earn a median yearly salary is $48,927 a year in the US. However, if you're looking to find account associates for hire on a contract or per-project basis, hourly rates typically range between $16 and $32.