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Accounting analyst hiring summary. Here are some key points about hiring accounting analysts in the United States:
Here's a step-by-step accounting analyst hiring guide:
An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.
The accounting analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
An accounting analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, accounting 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 presents accounting analyst salaries for various positions.
| Type of Accounting Analyst | Description | Hourly rate |
|---|---|---|
| Accounting 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 | $20-37 |
| 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 |
Including a salary range in the accounting analyst job description is a good way to get more applicants. An accounting 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 accounting analyst in Idaho may be lower than in New York, and an entry-level engineer typically earns less than a senior-level accounting analyst. Additionally, an accounting analyst with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $72,395 | $35 |
| 2 | District of Columbia | $71,010 | $34 |
| 3 | New York | $68,207 | $33 |
| 4 | New Jersey | $66,166 | $32 |
| 5 | Massachusetts | $62,597 | $30 |
| 6 | Oregon | $61,666 | $30 |
| 7 | Illinois | $60,660 | $29 |
| 8 | Washington | $59,689 | $29 |
| 9 | Michigan | $58,494 | $28 |
| 10 | Maryland | $58,181 | $28 |
| 11 | Delaware | $57,659 | $28 |
| 12 | Virginia | $57,646 | $28 |
| 13 | Colorado | $56,373 | $27 |
| 14 | Minnesota | $55,930 | $27 |
| 15 | North Carolina | $55,283 | $27 |
| 16 | Texas | $54,801 | $26 |
| 17 | Pennsylvania | $53,094 | $26 |
| 18 | Ohio | $52,359 | $25 |
| 19 | Missouri | $51,563 | $25 |
| 20 | Arizona | $50,983 | $25 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | $116,269 | $55.90 | 47 | |
| 2 | The Citadel | $103,634 | $49.82 | |
| 3 | Apollo Global Management | $102,294 | $49.18 | 3 |
| 4 | Sonos | $98,619 | $47.41 | 5 |
| 5 | Asana | $94,788 | $45.57 | 2 |
| 6 | Dell | $90,165 | $43.35 | 1 |
| 7 | IBM | $89,625 | $43.09 | 3 |
| 8 | Broadcom | $88,929 | $42.75 | 5 |
| 9 | Tri-State G&T | $88,405 | $42.50 | 2 |
| 10 | Virtu Financial | $82,779 | $39.80 | |
| 11 | BNP Paribas | $82,024 | $39.43 | |
| 12 | Subaru | $81,763 | $39.31 | 3 |
| 13 | BMO Capital Markets | $80,738 | $38.82 | 5 |
| 14 | Citi | $80,466 | $38.69 | 14 |
| 15 | Ford Motor | $80,377 | $38.64 | 10 |
| 16 | Pacific Gas and Electric | $79,979 | $38.45 | |
| 17 | Westinghouse Appliances Australia | $78,505 | $37.74 | |
| 18 | BNY Mellon | $77,764 | $37.39 | 29 |
| 19 | JPMorgan Chase & Co. | $77,278 | $37.15 | 37 |
| 20 | iCapital Network | $77,134 | $37.08 | 1 |
An accounting 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 accounting analyst job description:
There are various strategies that you can use to find the right accounting analyst for your business:
To successfully recruit accounting 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. 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 accounting 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 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 accounting 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 accounting 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.
You can expect to pay around $58,399 per year for an accounting analyst, 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 accounting analysts in the US typically range between $20 and $37 an hour.