As of March 01, 2025, the average annual salary for a Financial Accountant I in Rochester, MN is $64,260. According to Salary.com, salaries can range from a low of $53,523 to a high of $76,143, with most professionals earning between $58,640 and $70,480.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $70,480 | $5,873 | $1,355 | $34 |
| Average | $64,260 | $5,355 | $1,236 | $31 |
| 25th Percentile | $58,640 | $4,887 | $1,128 | $28 |
An entry-level Financial Accountant I with under 1 year experience makes about $62,969. With less than 2 years of experience, a mid-level Financial Accountant I makes around $63,579. After 2-4 years, the Financial Accountant I pay rises to about $64,995. Those senior Financial Accountant I with 5-8 years of experience earn roughly $65,279, and those Financial Accountant I having 8 years or more experience are expected to earn about $65,468 on average.
| Levels | Salary |
|---|---|
| Entry Level Financial Accountant I | $62,969 |
| Intermediate Level Financial Accountant I | $63,579 |
| Senior Level Financial Accountant I | $64,995 |
| Specialist Level Financial Accountant I | $65,279 |
| Expert Level Financial Accountant I | $65,468 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 1% |
| Top Level | 2% |
| Experienced | 2% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Accounts Receivable: Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes.
Internal Control: Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
| Skill | Salary | Demand |
|---|---|---|
|
Coordination
|
$68,116 |
6%
|
|
Leadership
|
$68,116 |
6%
|
|
Collaboration
|
$66,830 |
4%
|
|
Initiative
|
$66,830 |
4%
|
|
Analysis
|
$66,830 |
4%
|
|
Finance and Accounting
|
$66,830 |
4%
|
