Accounting Associate Jobs Overview
As an accounting associate, you'll work with senior accountants and be responsible for financial reporting and bookkeeping. Your tasks could include managing accounts payable and receivable, processing payroll, and tracking expenses. Working in accounting associate jobs also means supporting financial compliance and preparing reports.
You'll likely work in a traditional office environment during regular business hours. Organizations involved in tax preparation, bookkeeping, payroll services, corporate management, local government, and religious organizations are among the main providers of accounting associate jobs.
Salaries for Accounting Associate Jobs
According to the Bureau of Labor Statistics (BLS), the median hourly rate for this role nationwide is $22.81. This equates to approximately $47,440 per year for a full-time position. Nationwide, the annual salary for this role ranges from $32,460 to $68,860.
The compensation rate for accounting associate jobs varies considerably depending on several factors, including location, demand and cost of living. The BLS lists cities with the highest mean annual wage as:
- New York, NY - $58,510
- Los Angeles, CA - $55,440
- Chicago, IL - $52,890
- Philadelphia, PA - $51,670
- Dallas, TX - $50,320
Use our salary calculator to learn about median wages for accounting associate jobs in your location.
How to Find the Job That Fits You
Before searching for a new position, spend time defining your ideal job. Accounting associate jobs, for example, are often entry-level positions that can serve as launching pads for career growth. On the other hand, you may be more interested in a part-time or flexible work schedule.
Also, consider your passions and interests. For example, if you want to spend your workday supporting a special cause, you could search for an accounting position at a charitable organization.
In addition, focus on your professional and personal strengths and weaknesses. If you are strong in customer service, you may thrive in an accounting associate position working directly with clients.
Review the Job Description
Once you have defined your ideal role, explore the listings for accounting associate jobs. Carefully review each job description, focusing on education, experience, and skills requirements to find one you’re qualified for.
Research the Company and Its Culture
The job description may include information about the company, such as its size, branch locations, and mission. Consider whether the company’s values and mission align with yours.
You'll work with others as an accounting associate. Factors like management style and team dynamics will affect your daily life in your new position, so research these as well.
In addition to reviewing the company-provided information, take a moment to look at the company’s reputation and track record. You might find pertinent information in recent press releases and news stories.
Seek Opportunities for Growth
The knowledge, skills, and connections you develop as an accounting associate can help you make the next step up the career ladder.
For example, to advance to a certified public accountant (CPA) role, you need to be well-acquainted with generally accepted accounting principles (GAAP) and have experience working under the direct supervision of a licensed CPA. If your goal is to eventually become a CPA, your ideal job will provide opportunities for development in these areas.
How to Apply to Accounting Associate Jobs
Once you find an enticing accounting associate job, you may be inclined to submit your application immediately. By following a few strategic steps first, however, you can better present yourself as a qualified candidate.
Prepare for the Application Process
First, scan the job description’s requirements, including desired skills, as well as the responsibilities. In addition, read the job description thoroughly for special application instructions. For example, some employers require you to include your desired salary in your cover letter.
Create an Effective Resume
When formatting and writing your resume, determine the keywords the hiring manager is looking for. In the job description, you may see references to specific accounting software such as Xero, NetSuite, or Concur, along with terms like accounts payable, accounts receivable, financial reports, reconciliations, and journal entries. Work these keywords into your resume.
Make your top skills and abilities easily scannable, as shown in this sample accounting assistant resume under "Areas of Expertise." List your job experience below your skills section and continue to work in keywords from the job description. Include specific accomplishments and responsibilities from previous positions that are relevant to the accounting associate position, like bookkeeping and compliance.
Because your resume opens the door to job interviews, it must make a strong impression. Our Monster Professional Resume Writing Services can help you put your best foot forward as you search for a new job in the accounting field.
Write a Compelling Cover Letter
A cover letter is critical when applying for an accounting associate job. It lets you highlight why you believe you're the best applicant for the position.
In your letter, state your years of experience and list your responsibilities in prior accounting positions, highlighting your skills in financial reporting or invoicing. Also, include your proficiency with any accounting programs mentioned in the job description. To express your excitement about the position, state that you are passionate about the work that the company does and explain how you can contribute to their accounting department.
Submit the Application
Before submitting your application, spend a few minutes reviewing your resume and cover letter for completeness, grammar, spelling, and formatting. Compare the content against the job description. Ask a friend, family member, or coworker to review the documents carefully as well.
When you sign up with Monster, you can apply directly for an accounting associate job. Easily upload your resume and cover letter, and enjoy benefits like receiving tailored job listings and a free resume review.
How to Follow Up on an Accounting Associate Application
After submitting your application for an accounting associate position, you might get a response within a day or two. On the other hand, you might not hear anything right away. Generally, it's best to allow seven to 10 days before reaching out to the employer.
How to Follow Up
There are several methods available to follow up with an employer. The most professional method is via email. The message should state the position that you applied for, the date of your application, and your continued interest in the position.
Who to Follow Up With
When possible, follow up on an application with the individual listed in the job description. If a contact is not provided, review the company’s website to find the information. You can also call the company directly and ask to speak with the hiring manager or human resources department.
Interviewing Tips
Once you land an interview for an accounting associate job, brush up on your knowledge of the company and review the requirements of the position. Then, turn your attention to practicing answers to common interview questions.
Preparing for the Interview
Preparation can help you feel confident and present yourself professionally. Practice answering accounting questions that relate to your prior work experiences and skills, such as:
- What is your process for ensuring accuracy when reconciling accounts?
- What accounting software are you familiar with and how has it helped you in your work?
- How do you manage your time when completing accounting tasks?
- Can you describe some challenges you faced in your last accounting position and how you handled them?
Interview Process
A variety of interview formats may be used for an accounting position. For example, you might be invited to an initial interview with the hiring manager followed by a second interview with the accounting manager or director. You might have one in-person interview with all the decision-makers, or you may have a series of online interviews.
In addition to answering questions, you may have to take a math proficiency test or demonstrate your knowledge of specific software programs. Behavioral testing is also common for accounting positions.
Interview Tips
To portray yourself as the best candidate, you must communicate effectively during the interview. The STAR technique is an effective way to do this. An acronym that stands for situation, task, action, and result - STAR is all about telling a compelling story that shows what you're capable of.
When interviewing for accounting associate jobs, it's important to speak calmly and clearly. Use a friendly tone, express confidence, and be your authentic self.
Follow Up After Your Interview
Following up after a job interview is essential, as it showcases your professionalism and continued interest in the position. Follow up by email within 24 hours, citing the day and time of your interview and your appreciation for the interviewer’s time and consideration.
Responding to a Job Offer
Once you receive a job offer for an accounting associate position, acknowledge receipt, and briefly thank the employer for the offer. Provide a specific day when the employer should expect your response.
Review the offer carefully, focusing on salary, benefits, and responsibilities. Compare the offer to the general salary range and compensation package for other accounting associate jobs in your area. Ensure that the responsibilities for the positions are comparable.
Then, consider if the accounting job has specific attributes that you prioritize. For example, does the position allow flexibility if you need to end your work day by 4 p.m.?
Feel free to get back in touch with the employer to ask questions. These questions may be about benefits, such as an employer-matching 401k plan. Required travel, growth opportunities, and health insurance are other topics about which you may have questions.
You can negotiate if you determine that the salary and compensation package are not competitive. To structure your case, provide detailed information about the average salary and typical benefits package for accounting associate jobs near you.
Career Paths
The demand for accounting and auditing jobs continues to grow. According to the BLS, the job growth rate of 6% is higher than average. The skills and professional experience gained in an accounting associate position can prepare you for career growth. Some of the industry positions that you may progress into are:
As you progress, be aware of things you can do away from the workplace to prepare for advancement as well. For example, to be a CPA, you must have at least a four-year degree, pass the Certified Public Accountant exam, and meet state-level requirements.
Similar Occupations
Several similar occupations share some job duties and may have overlapping application requirements. They include: