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Managing finances behind the scenes typically comes with a generous paycheck, placing these roles among high-paying finance jobs.
Whether you're keeping the books or working to generate cash flow, your employer depends on you for precision, discretion, and honesty.
In addition, you need strong analytical skills to manage numbers, and you can see why employers are often willing to pay to hire the best talent in the accounting and finance spaces.
Whether you're ready to fight for the compensation you deserve or find salary negotiation intimidating, you can earn more as a finance professional.
Check out the highest-paying jobs in finance.
credit and collections professional
Collections and credit professionals manage and facilitate the timely and efficient recovery of outstanding debts on behalf of an organization.
Duties can include
- identifying accounts that need remediation
- using all legal methods available to collect funds
- working with customers on payment arrangements that work for everyone
Successful collections professionals need strong communication, negotiation, problem-solving skills, a thorough understanding of financial regulations, and empathy for clients.
The pay for this role goes up to $59,000 yearly. Successful collections professionals can earn more with bonuses and other compensation.
Credit and collections professionals can be one of the high-paying finance jobs.
assistant controller
An assistant controller is a financial professional who works with a company's financial controller to manage the company's finances.
While responsibilities vary depending on the firm's size, they are responsible for financial reporting, budgeting, audits, and compliance tasks. These factors contribute to maintaining the overall health of the company's finances.
An assistant controller's position requires a bachelor's degree in accounting or finance and at least five years of experience in the field. Skills in analysis, technology, communication, and organization are highly valued in the role.
Assistant controllers can expect to earn up to $110,000 a year, making it a lucrative career opportunity and one of the high-paying finance jobs.
payroll specialist
Payroll specialists are the backbone of a company’s payroll operations, ensuring accurate and timely employee payments. The role requires being quite organized, detail-oriented, and knowledgeable about labour laws, tax regulations, and company policies related to employee compensation.
Most payroll specialists have a degree in HR or accounting and several years of experience to understand the ropes.
What’s great about being a payroll specialist is that it’s not just an important job — it’s also one that pays well compared to other finance and accounting roles.
After a couple of years on the job, payroll specialists average $66,000 yearly, making it one of the high-paying finance jobs
A job as a payroll specialist is an excellent way to earn a good salary with benefits.
financial analyst
Financial analysts are indispensable to business strategy, transforming complex data into actionable insights. They evaluate trends and financial information to offer businesses advice and strategies for increasing revenue.
Financial analysts can work in various sectors — from investment banks and insurance companies to government agencies and enterprise organizations.
New financial analysts with the right qualifications and skills can earn between $90,000 to $95,000 yearly, making it one of the high-paying finance jobs
Financial analysts earn more in major cities like Toronto and Montreal, sometimes reaching $130,000 for experienced professionals.
accountant
Accountants are central to an organization's financial health. They review and analyze financial records while tracking a company's or individual's income, expenditures, and liabilities.
A bachelor's degree in accounting or a related field is typically required to become an accountant or auditor. Obtaining certification in a specific area of accounting, such as becoming a licensed Certified Public Accountant (CPA), may help improve job prospects.
The projected employment of accountants will grow six percent in the next ten years, outpacing the average for all occupations.
With years of experience and a successful track record, seasoned accountants can earn up to $84,000 yearly, reflecting their pivotal role and making their way among the high-paying finance jobs.
property accountant
Property accountants manage a property's financial aspects, including budgeting, forecasting, and reporting. They ensure that the organization's financial resources are used effectively and efficiently.
Property Accountants work closely with stakeholders such as investors, lenders, and tenants. They provide financial information and analysis to these stakeholders to help them make informed decisions about their investments or business operations.
Potential candidates should have a bachelor's degree and at least two years of general accounting experience. Experience in real estate property accounting is a plus. Professionals with excellent organizational, communication, and time management skills often find more job opportunities.
With pay offers averaging $81,000 yearly, it shows how significantly a property accountant's job impacts the financial health and success of the organization.
enjoy competitive pay in your next finance and accounting job
Pay isn't everything, and you should consider negotiating other perks and compensation when you take on a new position. But pay is important, so you should consider all your options before saying yes to an offer.
Prepare yourself with the latest industry knowledge, and you'll be well-positioned to land a lucrative finance and accounting job with excellent pay and many other benefits.
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