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Junior accountant hiring summary. Here are some key points about hiring junior accountants in the United States:
Here's a step-by-step junior accountant hiring guide:
Junior accountants maintain the financial records of companies through the analysis of their general ledger accounts and balance sheets. The accountant's post journal entries, maintain accounts receivable and payable, and update financial statements. They pay payroll every month, reconcile ledgers, and submit payroll taxes. The skills necessary for this job include analytical skills, problem-solving, information confidentiality, and proficiency in accounting software and technology. They are also expected to be detail-oriented.
The junior 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.
A junior accountant's background is also an important factor in determining whether they'll be a good fit for the position. For example, junior accountants 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.
The following list breaks down different types of junior accountants and their corresponding salaries.
| Type of Junior Accountant | Description | Hourly rate |
|---|---|---|
| Junior 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 | $18-31 |
| Accounting Administrator | An accounting administrator is responsible for reviewing and analyzing account statements, managing deposits, and resolving bank discrepancies and financial disputes. Accounting administrators handle the efficient and accurate cash flow within an organization, including payroll release and filing of petty cash... Show more | $15-33 |
| Accounting Coordinator | An accounting coordinator is responsible for assisting the operations of the organization's accounting department, processing financial reports, and serving as a liaison between the accounting staff and other department personnel or external parties. Accounting coordinators maintain a record of accounts payable and receivables, issuing invoices, updating account statements, resolving account discrepancies, and managing bank reconciliations... Show more | $16-27 |
Including a salary range in your junior accountant job description helps attract top candidates to the position. A junior accountant 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 junior accountant in Missouri may be lower than in New York, and an entry-level junior accountant usually earns less than a senior-level junior accountant. Additionally, a junior accountant 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 | New York | $62,880 | $30 |
| 2 | New Jersey | $60,516 | $29 |
| 3 | California | $58,461 | $28 |
| 4 | District of Columbia | $56,450 | $27 |
| 5 | Washington | $55,973 | $27 |
| 6 | Connecticut | $55,935 | $27 |
| 7 | Virginia | $52,418 | $25 |
| 8 | Colorado | $51,382 | $25 |
| 9 | Maryland | $51,303 | $25 |
| 10 | Massachusetts | $50,905 | $24 |
| 11 | Texas | $50,127 | $24 |
| 12 | North Carolina | $49,736 | $24 |
| 13 | Georgia | $49,679 | $24 |
| 14 | Illinois | $48,909 | $24 |
| 15 | Ohio | $46,752 | $22 |
| 16 | Arizona | $46,334 | $22 |
| 17 | Wisconsin | $45,880 | $22 |
| 18 | Florida | $44,446 | $21 |
| 19 | Missouri | $41,764 | $20 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Fuhu | $61,898 | $29.76 | |
| 2 | Kemp Technologies | $61,502 | $29.57 | 1 |
| 3 | Quinnox | $60,298 | $28.99 | |
| 4 | W. R. Berkley | $60,132 | $28.91 | 5 |
| 5 | Brookfield Properties | $59,380 | $28.55 | 5 |
| 6 | REI Systems | $58,758 | $28.25 | 1 |
| 7 | Credit Suisse | $58,218 | $27.99 | |
| 8 | Teledyne Technologies Incorporated | $57,745 | $27.76 | 10 |
| 9 | Fortinet | $57,739 | $27.76 | |
| 10 | QSSI | $57,734 | $27.76 | |
| 11 | Stability Healthcare | $57,335 | $27.56 | |
| 12 | Sherpa | $57,100 | $27.45 | 10 |
| 13 | VST Consulting | $56,959 | $27.38 | |
| 14 | Jackson Healthcare | $55,922 | $26.89 | |
| 15 | NCI Building Systems Inc. | $55,502 | $26.68 | |
| 16 | AF Paredes & Co | $55,154 | $26.52 | |
| 17 | Key Food | $55,143 | $26.51 | |
| 18 | ITW | $54,761 | $26.33 | 15 |
| 19 | Montefiore Mount Vernon Hospital | $54,543 | $26.22 | |
| 20 | Alere | $54,404 | $26.16 |
A junior 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. To help get you started, here's an example of a junior accountant job description:
There are a few common ways to find junior accountants for your business:
During your first interview to recruit junior accountants, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
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 selected the best junior accountant 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.
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.
To prepare for the new junior accountant 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, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring junior accountants. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new junior accountant employee.
The median annual salary for junior accountants is $50,444 in the US. However, the cost of junior accountant hiring can vary a lot depending on location. Additionally, hiring a junior accountant for contract work or on a per-project basis typically costs between $18 and $31 an hour.