As of March 01, 2025, the average annual salary for a Financial Accountant II in Norfolk, VA is $70,500. Salary.com reports that pay typically ranges from $64,000 to $77,900, with most professionals earning between $58,082 and $84,637.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $77,900 | $6,492 | $1,498 | $37 |
| Average | $70,500 | $5,875 | $1,356 | $34 |
| 25th Percentile | $64,000 | $5,333 | $1,231 | $31 |
An entry-level Financial Accountant II with under 1 year experience makes about $67,291. With less than 2 years of experience, a mid-level Financial Accountant II makes around $67,485. After 2-4 years, the Financial Accountant II pay rises to about $69,981. Those senior Financial Accountant II with 5-8 years of experience earn roughly $73,091, and those Financial Accountant II having 8 years or more experience are expected to earn about $73,313 on average.
| Levels | Salary |
|---|---|
| Entry Level Financial Accountant II | $67,291 |
| Intermediate Level Financial Accountant II | $67,485 |
| Senior Level Financial Accountant II | $69,981 |
| Specialist Level Financial Accountant II | $73,091 |
| Expert Level Financial Accountant II | $73,313 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 1% |
| Top Level | 4% |
| Experienced | 4% |
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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 |
|---|---|---|
|
Leadership
|
$74,025 |
5%
|
|
Consulting
|
$74,025 |
5%
|
|
Revenue Recognition
|
$74,025 |
5%
|
|
Internal Control
|
$73,320 |
4%
|
|
Finance and Accounting
|
$73,320 |
4%
|
|
Initiative
|
$73,320 |
4%
|
