Research Summary. Here are some key points about hiring accounting analysts in the United States:
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.
To hire an accounting analyst, you should create an ideal candidate profile, determine a budget, and post and promote your job. Here's a step-by-step guide on how to hire a accounting analyst:
The first step in the accounting analyst hiring process is determining what type of worker you actually need. For example, certain roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
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 the salaries of various accounting analyst 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|
Before creating an accounting analyst job description, imagine the ideal employee for this position and begin creating a profile. What skills do they have and what responsibilities do they have to be proficient in?
Here is a list of skills that are commonly associated with accounting analyst:
Here are the responsibilities that most accounting analysts perform:
Beyond the basics, you should also consider how well a candidate fits into your company culture. In other words, you should think about how your ideal accounting analyst will live by the company's mission statement and contribute to the team dynamic you already have in place.
|Rank #||State||# Of Jobs||% of Population||Avg. Salary|
Including a salary range in the 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, their level of experience, education and certifications, and the prestige of the employer. 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||Job Count|
|2||District of Columbia||$71,010||$34||3|
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|3||Apollo Global Management||$102,294||$49.18||12|
|13||BMO Capital Markets||$80,738||$38.82||2|
|16||Pacific Gas and Electric||$79,979||$38.45|
|17||Westinghouse Appliances Australia||$78,505||$37.74||3|
|19||JPMorgan Chase & Co.||$77,278||$37.15||38|
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 find accounting analyst candidates, you can consider the following options:
To successfully recruit accounting analysts, your first interview needs to be all about engaging 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 a good idea to ask about candidates' special skills and talents. If you think that 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 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. It is important to make sure that your offer is competitive, 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 forms, benefits enrollment, and federal and state tax forms. Finally, Human Resources needs to make sure that a new employee file is created for internal recordkeeping.