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Accounting associate hiring summary. Here are some key points about hiring accounting associates in the United States:
Here's a step-by-step accounting associate hiring guide:
An accounting associate is responsible for supporting the operations of the accounting department, ensuring the stability of the financial services and status of an organization. Accounting associates process invoices, update client accounts on the database, manage financial reports, assist with tax auditing and processing, monitoring the financial statements and activities of the organization, escalate financial disputes, and verify accounts receivable. An accounting associate must have excellent knowledge of the accounting industry, as well as exceptional analytical and time-management skills to perform clerical duties as needed under minimal supervision.
Before you start hiring an accounting associate, 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.
Hiring the perfect accounting associate also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list presents accounting associate salaries for various positions.
| Type of Accounting Associate | Description | Hourly rate |
|---|---|---|
| Accounting Associate | Bookkeeping, accounting, and auditing clerks produce financial records for organizations. They record financial transactions, update statements, and check financial records for accuracy. | $16-35 |
| 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 |
| Finance Clerk | Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed... Show more | $12-26 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $64,182 | $31 |
| 2 | California | $63,566 | $31 |
| 3 | New York | $62,824 | $30 |
| 4 | Virginia | $59,211 | $28 |
| 5 | Massachusetts | $58,749 | $28 |
| 6 | Connecticut | $57,658 | $28 |
| 7 | Maryland | $55,853 | $27 |
| 8 | New Jersey | $55,403 | $27 |
| 9 | Pennsylvania | $54,327 | $26 |
| 10 | Delaware | $51,714 | $25 |
| 11 | Texas | $51,317 | $25 |
| 12 | Georgia | $50,655 | $24 |
| 13 | North Carolina | $50,593 | $24 |
| 14 | Kentucky | $48,960 | $24 |
| 15 | Utah | $48,473 | $23 |
| 16 | Illinois | $46,318 | $22 |
| 17 | Florida | $46,293 | $22 |
| 18 | Arizona | $45,390 | $22 |
| 19 | Washington | $44,160 | $21 |
| 20 | Colorado | $43,654 | $21 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Point72 | $100,358 | $48.25 | |
| 2 | BMO Capital Markets | $97,462 | $46.86 | |
| 3 | OCC | $97,100 | $46.68 | |
| 4 | Asana | $95,890 | $46.10 | 3 |
| 5 | Tradeweb | $93,649 | $45.02 | 3 |
| 6 | Upserve | $92,710 | $44.57 | 1 |
| 7 | Schaeffer Oil | $92,471 | $44.46 | |
| 8 | Neuberger Berman | $90,111 | $43.32 | |
| 9 | NTT Data International L.L.C. | $86,544 | $41.61 | 3 |
| 10 | Northern Trust | $86,520 | $41.60 | |
| 11 | Elanco | $85,490 | $41.10 | |
| 12 | BlackRock | $83,632 | $40.21 | 3 |
| 13 | Wpp Us Holdings Inc | $83,023 | $39.91 | 1 |
| 14 | Guidehouse | $82,463 | $39.65 | 7 |
| 15 | Goldman Sachs | $81,949 | $39.40 | 2 |
| 16 | Amgen | $79,959 | $38.44 | 2 |
| 17 | Grant Thornton | $79,027 | $37.99 | 44 |
| 18 | NIC | $78,284 | $37.64 | |
| 19 | Boston Scientific | $78,224 | $37.61 | 1 |
| 20 | Apache | $77,144 | $37.09 | 1 |
A good accounting 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 accounting associate job description:
To find the right accounting associate for your business, consider trying out a few different recruiting strategies:
Recruiting accounting associates requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think 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've found the accounting associate candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
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.
After that, you can create an onboarding schedule for a new accounting associate. 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 accounting associate comes with both the one-time cost per hire and ongoing costs. The cost of recruiting accounting associates 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 accounting associate recruiting as well the ongoing costs of maintaining the new employee.
The median annual salary for accounting associates is $50,537 in the US. However, the cost of accounting associate hiring can vary a lot depending on location. Additionally, hiring an accounting associate for contract work or on a per-project basis typically costs between $16 and $35 an hour.