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Senior finance analyst hiring summary. Here are some key points about hiring senior finance analysts in the United States:
Here's a step-by-step senior finance analyst hiring guide:
A Senior Financial Analyst's role is to oversee the financial aspects and manage fellow analysts in a company. Among the tasks of a Senior Financial Analyst include conducting research and analysis, providing forecast in revenue and expenditures, creating financial models that would suit the company and project more sales, and take part in the planning of finances. Moreover, being a Senior Financial Analyst means leading a team of skilled professionals in the same field of expertise.
First, determine the employments status of the senior finance analyst you need to hire. Certain senior finance analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect senior finance analyst 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.
Here's a comparison of senior finance analyst salaries for various roles:
| Type of Senior Finance Analyst | Description | Hourly rate |
|---|---|---|
| Senior Finance Analyst | Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. | $29-52 |
| Finance Planning Manager | A finance planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data... Show more | $37-73 |
| Finance Supervisor | A finance supervisor is typically in charge of overseeing the budgets and financial activities of a company. Among their responsibilities include coordinating with different departments to gather and analyze financial data, performing audits and assessments, preparing and presenting financial reports and budget plans, updating databases, and developing strategies to optimize the finance department's operations... Show more | $26-50 |
Including a salary range in your senior finance analyst job description is one of the best ways to attract top talent. A senior finance analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $101,993 | $49 |
| 2 | Washington | $94,516 | $45 |
| 3 | New York | $92,386 | $44 |
| 4 | Connecticut | $88,325 | $42 |
| 5 | New Jersey | $87,495 | $42 |
| 6 | Michigan | $84,940 | $41 |
| 7 | District of Columbia | $84,930 | $41 |
| 8 | Massachusetts | $83,462 | $40 |
| 9 | Pennsylvania | $82,541 | $40 |
| 10 | Virginia | $82,001 | $39 |
| 11 | Oregon | $81,277 | $39 |
| 12 | Utah | $81,134 | $39 |
| 13 | North Carolina | $80,858 | $39 |
| 14 | Maryland | $80,389 | $39 |
| 15 | Texas | $79,776 | $38 |
| 16 | Arizona | $78,863 | $38 |
| 17 | Minnesota | $78,357 | $38 |
| 18 | Illinois | $78,259 | $38 |
| 19 | Missouri | $76,891 | $37 |
| 20 | Ohio | $76,460 | $37 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | $125,500 | $60.34 | 90 | |
| 2 | Databricks | $123,712 | $59.48 | 17 |
| 3 | Citi | $122,510 | $58.90 | 83 |
| 4 | Bunge | $122,494 | $58.89 | 11 |
| 5 | Mayo Clinic | $120,870 | $58.11 | 13 |
| 6 | PayPal | $120,683 | $58.02 | 10 |
| 7 | Apple | $119,671 | $57.53 | 27 |
| 8 | TIBCO Software | $118,490 | $56.97 | |
| 9 | Open Systems Technologies | $118,335 | $56.89 | |
| 10 | Yahoo | $118,274 | $56.86 | |
| 11 | First Republic Bank | $118,167 | $56.81 | |
| 12 | Cargill | $117,719 | $56.60 | |
| 13 | Rivian | $117,476 | $56.48 | 4 |
| 14 | Intuitive Surgical | $117,367 | $56.43 | 5 |
| 15 | NRG Energy | $117,352 | $56.42 | 12 |
| 16 | BNY Mellon | $116,562 | $56.04 | 21 |
| 17 | American Tower | $115,993 | $55.77 | |
| 18 | CF Industries | $115,453 | $55.51 | 2 |
| 19 | General Motors | $115,138 | $55.35 | 13 |
| 20 | Arkema | $115,058 | $55.32 | 1 |
A good senior finance analyst 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 a senior finance analyst job description:
To find the right senior finance analyst for your business, consider trying out a few different recruiting strategies:
To successfully recruit senior finance 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.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect senior finance analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new senior finance analyst 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.
Before you start to hire senior finance analysts, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire senior finance analysts pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Senior finance analysts earn a median yearly salary is $83,222 a year in the US. However, if you're looking to find senior finance analysts for hire on a contract or per-project basis, hourly rates typically range between $29 and $52.