Accountant Salary at Storch Magnetics BETA

How much does a Storch Magnetics Accountant make?

As of March 2025, the average annual salary for an Accountant at Storch Magnetics is $77,075, which translates to approximately $37 per hour. Salaries for Accountant at Storch Magnetics typically range from $70,783 to $83,249, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Storch Magnetics Overview

Website:
storchmagnetics.com
Size:
25 - 50 Employees
Revenue:
$5M - $10M
Industry:
MFG Durable

Founded by Edward A. Storch in 1952 as an industrial sales representative organization for leak detection fluids and home heating furnaces, Storch was always on the look out for additional products and added Bux Magnetic base drills. Customers requesting only the magnetic bases led Storch to look for additional sources of Magnets and Magnetic Components, becoming the authorized small quantity stock supplier for an American manufacturer of Alnico and then Ceramic magnets. The introduction of ceramic (ferrite) magnets opened up new fields and applications. Magnets quickly became the mainstay of STORCH solutions to industry. Satisfying customer demands, Storch began engineering magnetic assemblies for diverse applications, becoming the original designer and manufacturer of insulated multi-pole magnetic assemblies with magnetic fixtures, clamps, & tooling for industrial and production applications.

See similar companies related to Storch Magnetics

What Skills Does a person Need at Storch Magnetics?

At Storch Magnetics, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
  2. General Ledger: Creating and keeping track of business transactions and activities to monitor financial operations.
  3. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  4. Accounts Payable: Accounts payable (AP) is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
  5. Financial Statements: Obtaining and creating formal records of business activities and cash flows to provide results for financial performance.

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Check more jobs information at Storch Magnetics

Job Title Average Storch Magnetics Salary Hourly Rate
2 Shipping and Receiving $36,078 $17
3 Administrative Assistant & Receptionist $45,631 $22
4 Business Development Manager $117,136 $56
5 Customer Service Representative $32,914 $16
6 Financial Controller $216,461 $104
7 Manager, Engineering $128,372 $62
8 Manager, Manufacturing Operations $107,678 $52
9 Mechanical Engineer $96,828 $47
10 Sales $53,443 $26
11 Vice President, Finance $232,619 $112
12 Administrative Assistant, Sales Support $45,631 $22

Hourly Pay at Storch Magnetics

The average hourly pay at Storch Magnetics for an Accountant is $37 per hour. The location, department, and job description all have an impact on the typical compensation for Storch Magnetics positions. The pay range and total remuneration for the job title are shown in the table below. Storch Magnetics may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $77,075 look to you?

FAQ about Salary and Jobs at Storch Magnetics

1. How much does Storch Magnetics pay per hour?
The average hourly pay is $37. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Storch Magnetics?
According to the data, the highest approximate salary is about $83,249 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Storch Magnetics?
According to the data, the lowest estimated salary is about $70,783 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.