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Senior finance specialist hiring summary. Here are some key points about hiring senior finance specialists in the United States:
Here's a step-by-step senior finance specialist hiring guide:
A finance specialist sells products and services at a financial institution. Finance specialists meet with customers to have a better understanding of their respective needs. The specialists offer insight into the trends in the financial market. They provide a suggestion on optimization strategies. It is expected of them to share their insight into the potential models in the business. The necessary skills for this job include strong communication, management experience, financial management, and analytical thinking.
The senior finance specialist 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 senior finance specialist's background is also an important factor in determining whether they'll be a good fit for the position. For example, senior finance specialists 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.
Here's a comparison of senior finance specialist salaries for various roles:
| Type of Senior Finance Specialist | Description | Hourly rate |
|---|---|---|
| Senior Finance Specialist | Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. | $26-70 |
| Account Leader | Account leaders are assigned to work on specific client accounts and assist these clients with their needs. They should treat their clients as partners... Show more | $36-75 |
| Accounting Consultant | An Accounting Consultant is a person tasked to assist the accounting department of a company. The consultant advises businesses concerning the accounting system used by the organization... Show more | $21-41 |
Including a salary range in the senior finance specialist job description is a good way to get more applicants. A senior finance specialist salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a senior finance specialist in South Dakota may be lower than in New York, and an entry-level engineer typically earns less than a senior-level senior finance specialist. Additionally, a senior finance specialist with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $107,082 | $51 |
| 2 | Pennsylvania | $104,263 | $50 |
| 3 | New Jersey | $103,107 | $50 |
| 4 | Connecticut | $95,957 | $46 |
| 5 | District of Columbia | $91,071 | $44 |
| 6 | California | $88,061 | $42 |
| 7 | Florida | $86,183 | $41 |
| 8 | Maryland | $85,128 | $41 |
| 9 | Rhode Island | $84,074 | $40 |
| 10 | West Virginia | $75,910 | $37 |
| 11 | North Carolina | $73,513 | $35 |
| 12 | Massachusetts | $73,251 | $35 |
| 13 | Texas | $71,880 | $35 |
| 14 | Nevada | $67,518 | $32 |
| 15 | Illinois | $64,001 | $31 |
| 16 | Arizona | $62,150 | $30 |
| 17 | Missouri | $53,956 | $26 |
| 18 | Wisconsin | $49,641 | $24 |
| 19 | Minnesota | $49,106 | $24 |
| 20 | Iowa | $48,734 | $23 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | ZS | $134,460 | $64.64 | 1 |
| 2 | Citi | $133,522 | $64.19 | 15 |
| 3 | American Beacon Advisors | $131,920 | $63.42 | |
| 4 | Boehringer Ingelheim | $131,193 | $63.07 | 4 |
| 5 | BNY Mellon | $122,070 | $58.69 | 14 |
| 6 | MUFG EMEA | $119,590 | $57.50 | |
| 7 | Cybersource | $116,313 | $55.92 | |
| 8 | Intel | $113,373 | $54.51 | |
| 9 | The Dow Chemical Company | $112,009 | $53.85 | |
| 10 | Pacifi | $110,967 | $53.35 | 8 |
| 11 | Dun & Bradstreet | $109,059 | $52.43 | 1 |
| 12 | Bayer | $108,755 | $52.29 | |
| 13 | SAP | $107,076 | $51.48 | 11 |
| 14 | Sunoco | $105,070 | $50.51 | |
| 15 | Corning Incorporated | $104,887 | $50.43 | 6 |
| 16 | Ernst & Young | $104,235 | $50.11 | 485 |
| 17 | Stanford Children's Health | $102,805 | $49.43 | |
| 18 | SG Americas Securities Holdings, LLC | $102,733 | $49.39 | |
| 19 | Bank of America | $102,692 | $49.37 | 1,785 |
| 20 | MAI Capital Management | $102,229 | $49.15 | 3 |
A senior finance specialist 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 senior finance specialist job description:
There are various strategies that you can use to find the right senior finance specialist for your business:
During your first interview to recruit senior finance specialists, 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 decided on a perfect senior finance specialist 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 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 senior finance specialist 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.
Recruiting senior finance specialists 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 $89,779 per year for a senior finance specialist, 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 specialists in the US typically range between $26 and $70 an hour.