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Finance reporting accountant hiring summary. Here are some key points about hiring finance reporting accountants in the United States:
Here's a step-by-step finance reporting accountant hiring guide:
A finance reporting accountant is responsible for monitoring the efficiency and accuracy of the company's financial reporting procedures. Finance reporting accountants analyze the financial statements of the company, including its expenses, balance sheets, revenues, cash flow, and other related financial information and discuss it to the management. They also provide strategic recommendations to minimize loss through cost-reduction operational processes and identifying business opportunities to increase profits. A finance reporting accountant should have excellent knowledge of the accounting principles and disciplines, evaluating financial forecasts and resolving account discrepancies.
The finance reporting accountant 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.
You should also consider the ideal background you'd like them a finance reporting accountant to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a finance reporting accountant that fits the bill.
The following list breaks down different types of finance reporting accountants and their corresponding salaries.
| Type of Finance Reporting Accountant | Description | Hourly rate |
|---|---|---|
| Finance Reporting Accountant | 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 | $24-43 |
| Corporate Finance Analyst | Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information... Show more | $25-52 |
| Accounting Analyst | 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... Show more | $20-37 |
Including a salary range in your finance reporting accountant job description is one of the best ways to attract top talent. A finance reporting accountant can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $90,537 | $44 |
| 2 | California | $82,328 | $40 |
| 3 | Massachusetts | $81,156 | $39 |
| 4 | New York | $76,441 | $37 |
| 5 | New Jersey | $76,301 | $37 |
| 6 | Connecticut | $73,697 | $35 |
| 7 | Virginia | $71,669 | $34 |
| 8 | Maryland | $71,442 | $34 |
| 9 | Georgia | $70,002 | $34 |
| 10 | Washington | $69,323 | $33 |
| 11 | Oregon | $69,135 | $33 |
| 12 | Texas | $68,177 | $33 |
| 13 | North Carolina | $66,700 | $32 |
| 14 | Arizona | $65,829 | $32 |
| 15 | Nevada | $65,648 | $32 |
| 16 | Pennsylvania | $65,015 | $31 |
| 17 | Colorado | $61,493 | $30 |
| 18 | Michigan | $60,261 | $29 |
| 19 | Kansas | $59,060 | $28 |
| 20 | Illinois | $59,022 | $28 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Western Alliance Bank | $102,240 | $49.15 | 13 |
| 2 | Icma-rc | $100,275 | $48.21 | 17 |
| 3 | Bloomberg | $96,823 | $46.55 | 15 |
| 4 | The TJX Companies | $94,243 | $45.31 | 8 |
| 5 | F5 | $93,113 | $44.77 | 1 |
| 6 | Nuveen Investments | $90,653 | $43.58 | 1 |
| 7 | Retail | $90,540 | $43.53 | |
| 8 | Tucson Electric Power | $90,251 | $43.39 | |
| 9 | JPMorgan Chase & Co. | $90,232 | $43.38 | 105 |
| 10 | State Street | $89,627 | $43.09 | 6 |
| 11 | Skadden | $89,265 | $42.92 | 3 |
| 12 | ICAP | $89,020 | $42.80 | |
| 13 | Allison Transmission | $88,872 | $42.73 | 1 |
| 14 | Daimler Trucks North America | $88,604 | $42.60 | 4 |
| 15 | Collabera | $87,538 | $42.09 | 87 |
| 16 | HollyFrontier | $87,470 | $42.05 | |
| 17 | Ventas | $86,615 | $41.64 | 11 |
| 18 | Colorado PERA | $85,132 | $40.93 | |
| 19 | Energy Transfer | $84,392 | $40.57 | 7 |
| 20 | Credit Suisse | $83,369 | $40.08 |
A finance reporting accountant 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 reporting accountant job description:
There are various strategies that you can use to find the right finance reporting accountant for your business:
To successfully recruit finance reporting accountants, 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've found the finance reporting accountant 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.
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.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Hiring a finance reporting accountant comes with both the one-time cost per hire and ongoing costs. The cost of recruiting finance reporting accountants 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 reporting accountant recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $67,545 per year for a finance reporting accountant, 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 finance reporting accountants in the US typically range between $24 and $43 an hour.