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Account officer hiring summary. Here are some key points about hiring account officers in the United States:
Here's a step-by-step account officer hiring guide:
Before you start hiring an account officer, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
You should also consider the ideal background you'd like them an account officer 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 officer that fits the bill.
Here's a comparison of account officer salaries for various roles:
| Type of Account Officer | Description | Hourly rate |
|---|---|---|
| Account Officer | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $17-38 |
| Finance Manager | A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports... Show more | $34-69 |
| Branch Manager | Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service... Show more | $18-38 |
Including a salary range in the account officer job description is a good way to get more applicants. An account officer salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for an account officer in New Hampshire may be lower than in New York, and an entry-level engineer typically earns less than a senior-level account officer. Additionally, an account officer with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $72,447 | $35 |
| 2 | Virginia | $63,609 | $31 |
| 3 | Puerto Rico | $58,918 | $28 |
| 4 | California | $54,600 | $26 |
| 5 | Massachusetts | $54,476 | $26 |
| 6 | Ohio | $53,691 | $26 |
| 7 | Missouri | $50,961 | $25 |
| 8 | Oklahoma | $48,111 | $23 |
| 9 | Florida | $47,984 | $23 |
| 10 | Georgia | $44,871 | $22 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Citi | $111,640 | $53.67 | 53 |
| 2 | City National Bank | $102,650 | $49.35 | 122 |
| 3 | MUFG EMEA | $91,034 | $43.77 | |
| 4 | Bank of America | $76,375 | $36.72 | 216 |
| 5 | Safra National Bank of New York | $71,005 | $34.14 | |
| 6 | Flight Centre | $54,372 | $26.14 | 2 |
| 7 | Natixis North America LLC | $53,285 | $25.62 | |
| 8 | IDB Bank | $52,872 | $25.42 | |
| 9 | Advanced Steel Recovery | $48,647 | $23.39 | |
| 10 | MUFG Americas Holdings | $43,937 | $21.12 | 3 |
| 11 | Popular | $42,731 | $20.54 | 7 |
| 12 | Florida Technical College | $40,454 | $19.45 | 3 |
An account officer 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. Below, you can find an example of an account officer job description:
To find account officers for your business, try out a few different recruiting strategies:
During your first interview to recruit account officers, 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.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
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 officer 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 important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
After that, you can create an onboarding schedule for a new account officer. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Hiring an account officer comes with both the one-time cost per hire and ongoing costs. The cost of recruiting account officers involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of account officer recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $55,021 per year for an account officer, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for account officers in the US typically range between $17 and $38 an hour.