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Staff accountant hiring summary. Here are some key points about hiring staff accountants in the United States:
Here's a step-by-step staff accountant hiring guide:
Staff accountants are employees who are part of the company's accounting department. They are usually certified public accountants (CPAs). Staff accountants should be familiar with accounting tasks. Previous accounting experiences play a huge advantage in their success. They perform a variety of accounting responsibilities such as information verification and analysis, financial report preparation and presentation, financial account reconciliation, billing and payment receiving activities, vendor database management, and invoice processing requirements. They should also know how to do bookkeeping. Staff accountants should have good communication skills, analytical skills, and decision-making skills. They should also be organized and trustworthy since they will be handling confidential information.
Before you start hiring a staff accountant, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect staff accountant 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 staff accountant salaries for various roles:
| Type of Staff Accountant | Description | Hourly rate |
|---|---|---|
| Staff 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 | $20-32 |
| Finance Analyst/Accountant | In a company setting, a finance analyst/accountant is in charge of handling and monitoring financial activities, ensuring efficiency and accuracy. Their responsibilities revolve around preparing financial reports, performing audits and risk assessments, and identifying any errors and inconsistencies, resolving them promptly and efficiently... Show more | $22-40 |
| Accounting Analyst | An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables... Show more | $20-37 |
Including a salary range in your staff accountant job description helps attract top candidates to the position. A staff 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 staff accountant in Kentucky may be lower than in New York, and an entry-level staff accountant usually earns less than a senior-level staff accountant. Additionally, a staff 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 | District of Columbia | $70,499 | $34 |
| 2 | New York | $67,231 | $32 |
| 3 | New Jersey | $65,769 | $32 |
| 4 | California | $61,919 | $30 |
| 5 | Virginia | $60,869 | $29 |
| 6 | Massachusetts | $60,385 | $29 |
| 7 | Washington | $58,302 | $28 |
| 8 | Maryland | $57,788 | $28 |
| 9 | Pennsylvania | $54,815 | $26 |
| 10 | Colorado | $54,290 | $26 |
| 11 | Oregon | $53,621 | $26 |
| 12 | Minnesota | $52,070 | $25 |
| 13 | Ohio | $51,043 | $25 |
| 14 | Illinois | $50,859 | $24 |
| 15 | Georgia | $50,815 | $24 |
| 16 | North Carolina | $50,779 | $24 |
| 17 | Texas | $50,666 | $24 |
| 18 | Arizona | $50,054 | $24 |
| 19 | Nevada | $48,178 | $23 |
| 20 | Indiana | $47,895 | $23 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $89,356 | $42.96 | 2 |
| 2 | The Carlyle Group | $84,773 | $40.76 | 3 |
| 3 | $81,052 | $38.97 | 94 | |
| 4 | Friends Seminary | $78,029 | $37.51 | |
| 5 | Cleary Gottlieb Steen & Hamilton | $77,134 | $37.08 | 2 |
| 6 | Evernote | $75,034 | $36.07 | |
| 7 | Eni | $74,584 | $35.86 | |
| 8 | Goldman Sachs | $73,552 | $35.36 | 3 |
| 9 | Nabors Industries | $72,545 | $34.88 | |
| 10 | Cheniere Energy | $72,194 | $34.71 | 3 |
| 11 | HP | $71,765 | $34.50 | 2 |
| 12 | Eli Lilly and Company | $71,050 | $34.16 | |
| 13 | Fidelity National Financial | $70,704 | $33.99 | |
| 14 | AppDynamics | $70,683 | $33.98 | |
| 15 | Bloomberg | $70,661 | $33.97 | 3 |
| 16 | Smartsheet | $70,645 | $33.96 | |
| 17 | Low Income Investment Fund | $70,057 | $33.68 | |
| 18 | BioMarin | $69,782 | $33.55 | |
| 19 | Children's Hospital Colorado | $69,760 | $33.54 | 2 |
| 20 | Moody's | $69,385 | $33.36 |
A staff 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. Below, you can find an example of a staff accountant job description:
To find staff accountants for your business, try out a few different recruiting strategies:
Your first interview with staff accountant candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of 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 selected the best staff 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.
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 staff accountant. 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.
There are different types of costs for hiring staff 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 staff accountant employee.
Staff accountants earn a median yearly salary is $54,216 a year in the US. However, if you're looking to find staff accountants for hire on a contract or per-project basis, hourly rates typically range between $20 and $32.