Inquiry About Hiring an Accountant for a SaaS Startup in South Florida
Hi everyone,
I hope it’s okay to post this here. I’m seeking some guidance as I navigate this topic.
I run a software startup in South Florida, and we’re nearing the launch of our product. We need to bring on a staff accountant to help manage our finances, including financial modeling and projections. I’m wondering if a recent graduate with a degree in Accounting or finance would be equipped to handle these responsibilities.
At this stage, we’re not ready to hire a controller or CFO due to budget constraints.
So, I have a two-part question:
- Are the tasks involved in this role suitable for a recent graduate in Accounting or finance?
- What salary range should we expect to offer in today’s market for this position?
To sweeten the package, we are offering 100% employer-paid healthcare with top-tier insurance in Florida, as well as a 401(k) plan with a dollar-for-dollar match up to 6%.
I appreciate any insights you can share. Thank you for your help!
One response
It sounds like you’re at an exciting stage in your startup! Regarding your questions:
Can a recent grad handle these tasks?
A recent graduate with a degree in Accounting or finance can certainly handle basic Accounting tasks such as Bookkeeping, accounts payable/receivable, and financial reporting. However, when it comes to financial modeling and projections, you might want to consider their practical experience or internships. If they have done relevant work during their studies, they could be a good fit. It might also help to provide them with mentorship or additional training to ensure they are well-equipped to meet your specific needs.
Expected salary range:
In South Florida, the salary for a staff accountant can vary depending on the market demand and the specific qualifications of the candidate, but as of 2023, you can typically expect to pay between $50,000 and $70,000 per year for a recent grad. Offering benefits like 100% paid healthcare and a generous 401(k) match can make your position more attractive and help you stand out to potential candidates.
Offering competitive compensation, especially with added benefits, is a great way to attract talent, even if you’re not in a position to hire at a controller or CFO level yet. Good luck with your hiring process, and feel free to ask if you have more questions!