On the fence about writing a senior accountant job description as your first step to bring in help? Know this: Adding a senior accountant can help both large and small firms support their clients' or management's financial priorities and improve overall efficiency.
A senior accountant plays a vital role in the day-to-day operation of any business — from handling budget preparations to analyzing financial data.
If you're thinking about bringing someone with this expertise on board, start writing your senior accountant job description by considering the following four items:
1. Responsibilities of a senior accountant
Senior accountants ensure all accounting tasks are performed correctly and according to GAAP (generally accepted accounting principles). Some of the most common responsibilities of the position include:
- Reconciling account balances
- Analyzing financial data
- Preparing financial statements
- Preparing budgets
- Assessing risk
- Maintaining and reconciling fixed assets schedules
- Supervising accounting staff
Because senior accountants' primary responsibility is to keep records of all financial transactions, they are often the first to spot errors or identify areas where efficiency and spending can be improved. They can also advise clients and management on financial matters based on their analysis of market trends and expectations.
2. The qualifications
Not surprisingly, the senior accountant is a highly skilled, competent individual with experience across several areas of the accounting profession. If you are hiring a senior accountant, be on the lookout for candidates with solid communication, organizational and analytical skills, as well as experience with compliance and regulation. Candidates should also have in-depth knowledge of the latest accounting technology and programs, including QuickBooks and Microsoft Dynamics GP. If you're a larger firm, seek out candidates with experience working with cloud financial solutions.
To ensure that you're hiring a candidate who can keep up with the rigorous demands of the position, look for at least three years of work experience in addition to a bachelor's degree in accounting or finance. As with any accounting position, a CPA or CMA certification gets an extra vote of confidence.
3. Senior accountant salary
Adding a senior accountant to your firm requires a fairly sizable investment, because the skills an ideal candidate possesses command a competitive salary.
According to the 2019 Robert Half Salary Guide for Accounting and Finance Professionals, the midpoint salary for senior accountants is $77,750. Midpoint is defined as the salary for candidates with an average level of experience for the position and the necessary skills to meet the job requirements.
The salaries listed in the Salary Guide reflect starting pay and are based on actual placements throughout the United States, as well as an analysis of the supply of talent and other market conditions. Factors that can influence pay levels are company size, industry and location.
4. The payoff for your company
Senior accountants are jacks-of-all-trades in record keeping and compliance. Not only do they have the skills needed to complete tasks themselves, but they also have the experience to supervise other employees and make strategic recommendations. Although adding this position to your firm takes time and money, you'll reap the rewards through increased integrity of your record keeping and improved efficiency.
Are you ready to put that senior accountant job description to work? Robert Half has been helping companies like yours find top talent since 1948.
This post has been updated to reflect more current information.