As digital disruption is reshaping the accounting and finance function, a combination of strong technical and IT skills can give candidates considerable leverage when it comes to negotiating an Assistant Accountant salary.
Percentiles of an Assistant Accountant salary
In the Robert Half Salary Guide, salaries are broken down by percentiles. This allows you to see how different skills, experience and qualifications – along with different roles, can shape an Assistant Accountant salary.
In this Assistant Accountant salary percentile, candidates are often about to complete – or are recent graduates of a Bachelor’s degree in finance or accounting. In a role that calls for the ability to multi-task and manage deadlines, the breadth of responsibilities may include invoice entry, accounts payable and expense analysis. Candidates will often be under the direct supervision of an Accountant, and will need to progressively demonstrate the ability to take the initiative and work independently.
This salary percentile would traditionally call for an Assistant Accountant to be experienced in SAP accounting software, and be able to work unsupervised across a range of tasks including preparation of monthly BAS returns, maintaining the fixed assets register, and assisting with the month end reporting process. Candidates in this salary percentile require strong collaboration skills as they may be called on to liaise with external auditors, as well as working with other departments such as sales and operations to facilitate inventory analysis and stock control.
To command an Assistant Accountant salary in this percentile, candidates are expected to have at least three to five years of experience, and may be working towards additional qualifications such as a Certified Practising Accountant (CPA). The role demands a high level of accuracy and the discipline to meet deadlines. Responsibilities may involve general ledger maintenance, monthly balance sheet reconciliations, and preparing and circulating monthly revenue reports, financial variance analysis and cash flow statements.
The ability to earn a high Assistant Accountant salary calls for extensive experience – often five or more years, with a proven ability to work independently. In this salary percentile, assistant accountants will be able to focus their skills on activities that add greater value to the organisation such as analysing financial information and recognising opportunities for expense reduction, improvement of cashflow or opportunities to digitise and automate aspects of the company’s accounting function. The Assistant Accountant will be a valuable addition to the finance team, providing critical support to the Accountant in discussions with management.