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Finance/accounting analyst hiring summary. Here are some key points about hiring finance/accounting analysts in the United States:
Here's a step-by-step finance/accounting analyst hiring guide:
A finance/accounting analyst is primarily responsible for reviewing and analyzing the profits, expenditures, and overall financial records of a company to provide advice on financial decisions. They conduct research and analysis on various marketing conditions, consumers, and even investment opportunities to devise business models and economic forecasts. There are also instances when they have to coordinate with other staff and junior analysts. Moreover, as a finance/accounting analyst, it is essential to have an in-depth understanding of the company and adhere to its vision, mission, and goals.
The finance/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.
A finance/accounting analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, finance/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 shows salaries for various types of finance/accounting analysts.
| Type of Finance/Accounting Analyst | Description | Hourly rate |
|---|---|---|
| Finance/Accounting Analyst | Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. | $22-40 |
| Staff Analyst | Staff Analysts are employees who oversee the activities related to the employees. They monitor the performance of the employees and assess whether particular employees suit the role they have... Show more | $34-65 |
| Treasury Analyst | A treasury analyst is a professional who manages and analyses the financial activities of an organization that can include cash flows, liability obligations, and assets. Treasury analysts are required to execute the daily cash management of the organization such as cash forecasting, investing of excess cash, and running a hedging program in interest rates... Show more | $25-48 |
Including a salary range in your finance/accounting analyst job description helps attract top candidates to the position. A finance/accounting analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a finance/accounting analyst in South Dakota may be lower than in Connecticut, and an entry-level finance/accounting analyst usually earns less than a senior-level finance/accounting analyst. Additionally, a finance/accounting analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Oregon | $73,665 | $35 |
| 2 | Washington | $73,111 | $35 |
| 3 | New York | $71,110 | $34 |
| 4 | California | $68,925 | $33 |
| 5 | District of Columbia | $64,507 | $31 |
| 6 | Massachusetts | $63,599 | $31 |
| 7 | Michigan | $62,351 | $30 |
| 8 | Virginia | $61,653 | $30 |
| 9 | Texas | $60,869 | $29 |
| 10 | North Carolina | $60,836 | $29 |
| 11 | Utah | $60,714 | $29 |
| 12 | Minnesota | $60,093 | $29 |
| 13 | Indiana | $59,145 | $28 |
| 14 | Illinois | $58,934 | $28 |
| 15 | Colorado | $56,993 | $27 |
| 16 | Georgia | $56,758 | $27 |
| 17 | Florida | $56,681 | $27 |
| 18 | Ohio | $53,984 | $26 |
| 19 | Arizona | $53,930 | $26 |
| 20 | Missouri | $52,574 | $25 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | $120,064 | $57.72 | 52 | |
| 2 | The Citadel | $110,119 | $52.94 | 2 |
| 3 | Apple | $103,471 | $49.75 | 24 |
| 4 | Citi | $93,030 | $44.73 | 39 |
| 5 | BMO Capital Markets | $89,133 | $42.85 | 36 |
| 6 | Bloomberg | $88,414 | $42.51 | 35 |
| 7 | Pacifi | $86,405 | $41.54 | |
| 8 | Goldman Sachs | $85,148 | $40.94 | 17 |
| 9 | Subaru | $85,000 | $40.87 | 5 |
| 10 | Santander Bank | $84,219 | $40.49 | 11 |
| 11 | Citicorp North America, Inc | $83,879 | $40.33 | |
| 12 | Amazon | $83,872 | $40.32 | 289 |
| 13 | Workday | $81,268 | $39.07 | 4 |
| 14 | Cargill | $80,153 | $38.54 | 1 |
| 15 | Northern Trust | $79,601 | $38.27 | 12 |
| 16 | Berkshire Hathaway | $77,895 | $37.45 | 11 |
| 17 | CITGO Petroleum | $76,405 | $36.73 | |
| 18 | ORIX USA | $75,786 | $36.44 | 4 |
| 19 | Tektronix | $74,548 | $35.84 | |
| 20 | Catholic Relief Services | $73,519 | $35.35 |
A finance/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. Below, you can find an example of a finance/accounting analyst job description:
To find the right finance/accounting analyst for your business, consider trying out a few different recruiting strategies:
To successfully recruit finance/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 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 selected the best finance/accounting analyst candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new finance/accounting analyst. 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 a finance/accounting analyst comes with both the one-time cost per hire and ongoing costs. The cost of recruiting finance/accounting analysts 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 finance/accounting analyst recruiting as well the ongoing costs of maintaining the new employee.
Finance/accounting analysts earn a median yearly salary is $62,703 a year in the US. However, if you're looking to find finance/accounting analysts for hire on a contract or per-project basis, hourly rates typically range between $22 and $40.