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Chief accountant vs senior staff accountant

The differences between chief accountants and senior staff accountants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a chief accountant and a senior staff accountant. Additionally, a senior staff accountant has an average salary of $65,019, which is higher than the $61,481 average annual salary of a chief accountant.

The top three skills for a chief accountant include external auditors, reconciliations and general ledger accounts. The most important skills for a senior staff accountant are reconciliations, account reconciliations, and CPA.

Chief accountant vs senior staff accountant overview

Chief AccountantSenior Staff Accountant
Yearly salary$61,481$65,019
Hourly rate$29.56$31.26
Growth rate6%6%
Number of jobs52,287112,760
Job satisfaction45
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 77%
Average age4444
Years of experience44

What does a chief accountant do?

Chief accountants develop financial strategies, oversee the accounting department, make investment decisions, and develop financial strategies. They provide assistance to departments with their reviews and budgets, tax studies, and internal control. It is part of their job to respond to the accounting questions from time management. They take charge of monitoring and recording financial transactions based on corporate regulations and policies. Also, they recommend changes to the procedures of accounting.

What does a senior staff accountant do?

A senior staff accountant is responsible for managing the accounting operations of the company's accounting department, reconciling accounts, and finalizing financial reports to discuss with the management. Senior staff accountants resolve account discrepancies, analyze the company's financial status, and verify financial transactions. They must have excellent analytical skills and extensive knowledge of the accounting principles to perform accounting duties that would minimize the financial risk of the company. A senior staff accountant provides strategic recommendations to prevent overspending and increase efficiency across all departments to drive more revenues and profits.

Chief accountant vs senior staff accountant salary

Chief accountants and senior staff accountants have different pay scales, as shown below.

Chief AccountantSenior Staff Accountant
Average salary$61,481$65,019
Salary rangeBetween $43,000 And $87,000Between $48,000 And $86,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew YorkNew York
Best paying companyIBMCalumet Specialty Products Partners
Best paying industryRetailProfessional

Differences between chief accountant and senior staff accountant education

There are a few differences between a chief accountant and a senior staff accountant in terms of educational background:

Chief AccountantSenior Staff Accountant
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 77%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Chief accountant vs senior staff accountant demographics

Here are the differences between chief accountants' and senior staff accountants' demographics:

Chief AccountantSenior Staff Accountant
Average age4444
Gender ratioMale, 57.0% Female, 43.0%Male, 42.6% Female, 57.4%
Race ratioBlack or African American, 8.2% Unknown, 3.9% Hispanic or Latino, 10.5% Asian, 15.3% White, 61.6% American Indian and Alaska Native, 0.5%Black or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between chief accountant and senior staff accountant duties and responsibilities

Chief accountant example responsibilities.

  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Prepare monthly trial balance, balance sheets, and profit and loss statements according to GAAP.
  • Prepare monthly account reconciliations (bank reconciliation, accounts receivable reconciliation, accounts payable reconciliation, and general ledger reconciliation).
  • Research, advise and resolve accounting and business issues, ensuring compliance with U.S. GAAP and head office requirements.
  • Monitor deposits and withdrawals of revenue and expenses, review payroll, and ensure accurate processing and timely bank reconciliations.
  • Prepare daily SOX audit documentation, ensuring that bank account activity have been reconcile and to identify any outstanding variances.
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Senior staff accountant example responsibilities.

  • Manage month end close process including journal entries, departmental analysis and preparation of consolidate financial statements and account reconciliations.
  • Involve in revenue recognition research (ASC 985-605 vs. ASC 605-25).
  • Aid managers in performing AP duties, generate financial reports for CPA, and reconcile bank accounts for corporate office.
  • Prepare balance sheet reconciliations and general ledger analysis in accordance with GAAP.
  • Advance SaaS deal and rev accounting.
  • Cultivate productive, trustful relationship with external CPA firm, critical to producing successful audits and year-end reporting.
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Chief accountant vs senior staff accountant skills

Common chief accountant skills
  • External Auditors, 13%
  • Reconciliations, 10%
  • General Ledger Accounts, 9%
  • Balance Sheet Accounts, 7%
  • Financial Reports, 5%
  • Internal Controls, 4%
Common senior staff accountant skills
  • Reconciliations, 13%
  • Account Reconciliations, 7%
  • CPA, 7%
  • GAAP, 5%
  • General Ledger Accounts, 5%
  • Balance Sheet Accounts, 4%

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