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Senior finance consultant hiring summary. Here are some key points about hiring senior finance consultants in the United States:
Here's a step-by-step senior finance consultant hiring guide:
A senior finance consultant is responsible for helping clients manage their account portfolios, recommending investment options, and monitoring their finances. Senior finance consultants should have extensive knowledge of the financial industry, especially on working with clients and inform them of current financial services and strategize financial plans according to the clients' needs and best interests. They also respond to clients' inquiries and concerns regarding their account performance and financial discrepancies, resolving issues to achieve the clients' long-term financial goals and objectives.
Before you post your senior finance consultant job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a senior finance consultant for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a senior finance consultant 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 senior finance consultant that fits the bill.
Here's a comparison of senior finance consultant salaries for various roles:
| Type of Senior Finance Consultant | Description | Hourly rate |
|---|---|---|
| Senior Finance Consultant | Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. | $32-66 |
| 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 |
| Finance Leader | The duties of a finance leader depend on one's place or industry of employment. Typically, their responsibilities revolve around monitoring the sales and financial operations in a company, preparing financial reports and statements, finding new sales opportunities, identifying the market and client needs, and maintaining records of all financial transactions... Show more | $37-83 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $126,221 | $61 |
| 2 | New York | $112,279 | $54 |
| 3 | Maryland | $109,836 | $53 |
| 4 | New Jersey | $108,354 | $52 |
| 5 | Nevada | $105,073 | $51 |
| 6 | Texas | $104,058 | $50 |
| 7 | Massachusetts | $101,890 | $49 |
| 8 | Rhode Island | $101,803 | $49 |
| 9 | District of Columbia | $98,514 | $47 |
| 10 | Virginia | $94,322 | $45 |
| 11 | Washington | $93,864 | $45 |
| 12 | Ohio | $92,458 | $44 |
| 13 | New Hampshire | $91,902 | $44 |
| 14 | Connecticut | $91,340 | $44 |
| 15 | Pennsylvania | $91,317 | $44 |
| 16 | Illinois | $89,186 | $43 |
| 17 | Florida | $86,361 | $42 |
| 18 | North Carolina | $85,379 | $41 |
| 19 | Indiana | $84,439 | $41 |
| 20 | Michigan | $83,958 | $40 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Dell | $124,194 | $59.71 | 2 |
| 2 | Point B | $116,848 | $56.18 | |
| 3 | Workday | $114,714 | $55.15 | 4 |
| 4 | ConocoPhillips | $113,608 | $54.62 | |
| 5 | Informatica | $111,542 | $53.63 | |
| 6 | SAP | $110,943 | $53.34 | 20 |
| 7 | Kaiser Associates | $108,123 | $51.98 | |
| 8 | Equity Methods | $107,993 | $51.92 | 1 |
| 9 | CDW | $107,075 | $51.48 | 1 |
| 10 | HDR | $106,600 | $51.25 | 3 |
| 11 | TD Ameritrade | $106,180 | $51.05 | |
| 12 | Ellucian | $105,614 | $50.78 | |
| 13 | Unitedheath Group | $103,773 | $49.89 | |
| 14 | Zurich | $103,544 | $49.78 | 109 |
| 15 | FTI Consulting | $102,974 | $49.51 | 61 |
| 16 | The Travelers Companies | $102,781 | $49.41 | 123 |
| 17 | Wachovia Securities | $102,148 | $49.11 | |
| 18 | Avanade | $101,256 | $48.68 | 1 |
| 19 | Protiviti | $101,141 | $48.63 | 11 |
| 20 | Kforce | $101,064 | $48.59 | 83 |
A job description for a senior finance consultant role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a senior finance consultant job description:
There are a few common ways to find senior finance consultants for your business:
During your first interview to recruit senior finance consultants, 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 senior finance consultant 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 senior finance consultant. 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.
Recruiting senior finance consultants involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $97,689 per year for a senior finance consultant, 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 senior finance consultants in the US typically range between $32 and $66 an hour.