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How to hire a senior finance specialist

Senior finance specialist hiring summary. Here are some key points about hiring senior finance specialists in the United States:

  • The median cost to hire a senior finance specialist is $1,633.
  • It takes between 36 and 42 days to fill the average role in the US.
  • HR departments typically allocate 15% of their budget towards recruitment efforts.
  • Small businesses spend $1,105 per senior finance specialist on training each year, while large companies spend $658.
  • It takes approximately 12 weeks for a new employee to reach full productivity levels.
  • There are a total of 5,025 senior finance specialists in the US, and there are currently 71,214 job openings in this field.
  • Saint Louis, MO, has the highest demand for senior finance specialists, with 6 job openings.

How to hire a senior finance specialist, step by step

To hire a senior finance specialist, you should clearly understand the skills and experience you are looking for in a candidate, and allocate a budget for the position. You will also need to post and promote the job opening to reach potential candidates. Here's a step-by-step guide on how to hire a senior finance specialist:

Here's a step-by-step senior finance specialist hiring guide:

  • Step 1: Identify your hiring needs
  • Step 2: Create an ideal candidate profile
  • Step 3: Make a budget
  • Step 4: Write a senior finance specialist job description
  • Step 5: Post your job
  • Step 6: Interview candidates
  • Step 7: Send a job offer and onboard your new senior finance specialist
  • Step 8: Go through the hiring process checklist

What does a senior finance specialist do?

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.

Learn more about the specifics of what a senior finance specialist does
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  1. Identify your hiring needs

    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.

    Determine employee vs contractor status
    Is the person you're thinking of hiring a US citizen or green card holder?

    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 SpecialistDescriptionHourly rate
    Senior Finance SpecialistFinancial 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 LeaderAccount 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 ConsultantAn 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
  2. Create an ideal candidate profile

    Common skills:
    • Financial Statements
    • Financial Data
    • Financial Analysis
    • Calculation
    • Strong Analytical
    • Financial Management
    • Internal Controls
    • Financial Reports
    • Financial Models
    • Financial Services
    • SQL
    • Reconciliations
    • GAAP
    • Financial Planning Analysis
    Check all skills
    Responsibilities:
    • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
    • Align all financial activity with the regulations of the GAAP.
    • Analyze technical financial problems and provide professional assistance and advice concerning their solutions using GAAP and GASB standards.
    • Administer accounts payable, accounts receivable, bank statements reconciliations and confirmations.
    • Monitor and maintain various account reconciliations for audit requirements, compliance controls, and other special analysis requests.
    • Handle the tasks of monitoring payroll activities and program components to ensure compliance with establish legal and administrative requirements.
    More senior finance specialist duties
  3. Make a budget

    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.

    Average senior finance specialist salary

    $89,779yearly

    $43.16 hourly rate

    Entry-level senior finance specialist salary
    $55,000 yearly salary
    Updated January 23, 2026

    Average senior finance specialist salary by state

    RankStateAvg. salaryHourly rate
    1New York$107,082$51
    2Pennsylvania$104,263$50
    3New Jersey$103,107$50
    4Connecticut$95,957$46
    5District of Columbia$91,071$44
    6California$88,061$42
    7Florida$86,183$41
    8Maryland$85,128$41
    9Rhode Island$84,074$40
    10West Virginia$75,910$37
    11North Carolina$73,513$35
    12Massachusetts$73,251$35
    13Texas$71,880$35
    14Nevada$67,518$32
    15Illinois$64,001$31
    16Arizona$62,150$30
    17Missouri$53,956$26
    18Wisconsin$49,641$24
    19Minnesota$49,106$24
    20Iowa$48,734$23

    Average senior finance specialist salary by company

    RankCompanyAverage salaryHourly rateJob openings
    1ZS$134,460$64.641
    2Citi$133,522$64.1915
    3American Beacon Advisors$131,920$63.42
    4Boehringer Ingelheim$131,193$63.074
    5BNY Mellon$122,070$58.6914
    6MUFG EMEA$119,590$57.50
    7Cybersource$116,313$55.92
    8Intel$113,373$54.51
    9The Dow Chemical Company$112,009$53.85
    10Pacifi$110,967$53.358
    11Dun & Bradstreet$109,059$52.431
    12Bayer$108,755$52.29
    13SAP$107,076$51.4811
    14Sunoco$105,070$50.51
    15Corning Incorporated$104,887$50.436
    16Ernst & Young$104,235$50.11485
    17Stanford Children's Health$102,805$49.43
    18SG Americas Securities Holdings, LLC$102,733$49.39
    19Bank of America$102,692$49.371,785
    20MAI Capital Management$102,229$49.153
  4. Writing a senior finance specialist job description

    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:

    Senior finance specialist job description example

    Astranis is connecting the four billion people in the world who do not currently have access to the internet. We are building the next generation of smaller, lower-cost spacecraft to bring the world online.

    We are well-funded by some of the best investors in the business and have raised over $350 million to date. We have a world-class team that is passionate about building amazing technology. And we have a fun and collaborative work environment where you will learn a lot and make a huge impact no matter where you are in your career. Just check out our Glassdoor reviews to see what our team has to say about working at Astranis.
    Our team is growing fast. Apply now!

    Senior Financial Operations Specialist - AP

    As a Senior Financial Operations Specialist - AP at Astranis, you will be responsible for the Procure to Pay (P2P) process. Our ideal candidate is a well-rounded finance professional who is detail-oriented, experienced in making process improvements, and independent. This person understands the P2P process inside and out and is driven to lay the foundation for scale.
    RoleOwn the P2P process, including Purchase Order management, invoice coding, and processing invoices.Own and manage the monthly close process for accounts payable and related accounts by ensuring the accuracy of vendor expense accruals, including AP aging, and goods received not invoiced account/aging.Responsible for the maintenance and review of vendor information, including banking, ACH, Form W-9's, as preparing for year-end 1099 forms filing.Manage the corporate credit card and employee expense reports processes by ensuring adherence to the company's T&E policy and providing support and direction in resolving any issues.Assist in developing and reporting key performance indicators for Accounts Payable and identifying areas for continuous improvement. Monitor internal controls within the P2P cycle, including collaboration with other departments when necessary. Ensure compliance of internal controls in accordance with SOX.
    RequirementsBachelor's degree in relevant discipline4+ years of Accounts Payable experience Ability to build long-term scalable processes Strong interpersonal skills; ability to work collaboratively with a diverse team and influence/drive change cross-functionally Above all, you must be a good personU.S. Citizenship, Lawful Permanent Residency, or Refugee/Asylee Status Required
    BonusManufacturing, Start-up, Netsuite experience
    U.S. Citizenship, Lawful Permanent Residency, or Refugee/Asylee Status Required
    (To comply with U.S. Government space technology export regulations, applicant must be a U.S. citizen, lawful permanent resident of the United States, or other protected individual as defined by 8 U.S.C. 1324b(a)(3))

    Our mission and our products are meant to connect the world and everyone in it, regardless of gender, race, creed, or any other distinction. We believe in a diverse and inclusive workplace, and we encourage all people to join our team and bring their unique perspective to help make us stronger.
  5. Post your job

    There are various strategies that you can use to find the right senior finance specialist for your business:

    • Consider promoting from within or recruiting from your existing workforce.
    • Ask for referrals from friends, family members, and current employees.
    • Attend job fairs at local colleges to find candidates who meet your education requirements.
    • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.
    To find senior finance specialist candidates, you can consider the following options:
    • Post your job opening on Zippia or other job search websites.
    • Use niche websites that focus on engineering and technology jobs, such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
    • Post your job on free job posting websites.
  6. Interview candidates

    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.

  7. Send a job offer and onboard your new senior finance specialist

    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.

  8. Go through the hiring process checklist

    • Determine employee type (full-time, part-time, contractor, etc.)
    • Submit a job requisition form to the HR department
    • Define job responsibilities and requirements
    • Establish budget and timeline
    • Determine hiring decision makers for the role
    • Write job description
    • Post job on job boards, company website, etc.
    • Promote the job internally
    • Process applications through applicant tracking system
    • Review resumes and cover letters
    • Shortlist candidates for screening
    • Hold phone/virtual interview screening with first round of candidates
    • Conduct in-person interviews with top candidates from first round
    • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
    • Conduct background checks on top candidates
    • Check references of top candidates
    • Consult with HR and hiring decision makers on job offer specifics
    • Extend offer to top candidate(s)
    • Receive formal job offer acceptance and signed employment contract
    • Inform other candidates that the position has been filled
    • Set and communicate onboarding schedule to new hire(s)
    • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)
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How much does it cost to hire a senior finance specialist?

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.

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