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Account payables analyst hiring summary. Here are some key points about hiring account payables analysts in the United States:
Here's a step-by-step account payables analyst hiring guide:
An accounts payable analyst is primarily responsible for managing and processing invoices and payments, ensuring accuracy and timeliness. They are also responsible for coordinating with various departments to obtain and acquire data and invoices, submitting payments to external vendors and suppliers, identifying errors and inconsistencies, and providing corrective measures. One may also perform clerical tasks such as producing progress reports and presentations, managing schedules, addressing issues and concerns through calls and correspondence, and resolving them promptly and efficiently.
Before you post your account payables analyst 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 payables analyst for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them an account payables analyst 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 payables analyst that fits the bill.
Here's a comparison of account payables analyst salaries for various roles:
| Type of Account Payables Analyst | Description | Hourly rate |
|---|---|---|
| Account Payables Analyst | Bookkeeping, accounting, and auditing clerks produce financial records for organizations. They record financial transactions, update statements, and check financial records for accuracy. | $18-35 |
| Analyst | Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more | $25-47 |
| Accounting Clerk | Accounting clerks are employees assigned to manage administrative and clerical tasks in the accounting department. Accounting clerks handle office accounting records and ensure that files are properly labeled and stored... Show more | $13-24 |
Including a salary range in the account payables analyst job description is a good way to get more applicants. An account payables analyst 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 payables analyst in Nebraska may be lower than in New York, and an entry-level engineer typically earns less than a senior-level account payables analyst. Additionally, an account payables analyst with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $69,066 | $33 |
| 2 | New York | $67,809 | $33 |
| 3 | New Jersey | $65,821 | $32 |
| 4 | Massachusetts | $62,650 | $30 |
| 5 | Alaska | $59,151 | $28 |
| 6 | Utah | $56,892 | $27 |
| 7 | Connecticut | $56,859 | $27 |
| 8 | Virginia | $56,618 | $27 |
| 9 | Pennsylvania | $55,522 | $27 |
| 10 | Georgia | $53,851 | $26 |
| 11 | Illinois | $53,064 | $26 |
| 12 | Ohio | $52,917 | $25 |
| 13 | Wisconsin | $52,808 | $25 |
| 14 | Indiana | $52,706 | $25 |
| 15 | Texas | $52,344 | $25 |
| 16 | Minnesota | $51,548 | $25 |
| 17 | Arizona | $51,280 | $25 |
| 18 | North Carolina | $51,119 | $25 |
| 19 | Colorado | $48,001 | $23 |
| 20 | Tennessee | $47,529 | $23 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | SMTC | $97,961 | $47.10 | |
| 2 | Snowflake Computing | $92,809 | $44.62 | 2 |
| 3 | IBM | $92,509 | $44.48 | 67 |
| 4 | Applied Materials | $90,958 | $43.73 | |
| 5 | Intel | $87,928 | $42.27 | |
| 6 | Datadog | $80,838 | $38.86 | 2 |
| 7 | ConocoPhillips | $77,003 | $37.02 | |
| 8 | University of California-Berkeley | $76,788 | $36.92 | |
| 9 | Intuit | $75,094 | $36.10 | 2 |
| 10 | Jefferies | $72,806 | $35.00 | |
| 11 | UC Merced | $65,740 | $31.61 | |
| 12 | AMETEK | $65,624 | $31.55 | 1 |
| 13 | Health First | $65,122 | $31.31 | |
| 14 | Ameresco | $64,995 | $31.25 | 1 |
| 15 | The Rockefeller University | $64,933 | $31.22 | |
| 16 | FleetCor Technologies | $64,750 | $31.13 | |
| 17 | Sherpa | $63,377 | $30.47 | 6 |
| 18 | OHL USA | $62,988 | $30.28 | |
| 19 | Arrow Electronics | $62,866 | $30.22 | 31 |
| 20 | Exelixis | $61,664 | $29.65 |
An account payables 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 payables analyst job description:
To find the right account payables analyst for your business, consider trying out a few different recruiting strategies:
To successfully recruit account payables 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.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect account payables analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
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 payables analysts, 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 payables analysts pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for account payables analysts is $54,356 in the US. However, the cost of account payables analyst hiring can vary a lot depending on location. Additionally, hiring an account payables analyst for contract work or on a per-project basis typically costs between $18 and $35 an hour.