Home > Salary > Kuwait > Senior Financial Accountant
A senior financial accountant is responsible for overseeing and managing the financial operations of an organization. They play a crucial role in ensuring accurate financial reporting, compliance with accounting standards, and adherence to financial policies and procedures. Their key responsibilities include preparing financial statements, analyzing financial data, reconciling accounts, conducting financial audits, and providing recommendations for improving financial performance. They also collaborate with other departments to develop budgets and forecasts, monitor cash flows, and analyze financial risks. Additionally, senior financial accountants may supervise a team of junior accountants and provide guidance on complex accounting issues.
Estimated Yearly Salary: 60,083 KWD
Estimated Monthly Salary: 5,007 KWD
Estimated Weekly Salary: 1,155 KWD per week
Estimated Hourly Salary: 29 KWD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,832 KWD
Estimated Weekly Salary: 1,115 KWD per week
Estimated Hourly Salary: 28 KWD per hour
Last revision of data: 2024-02-08
Estimated Yearly Salary: 20,068 USD
Estimated Monthly Salary: 1,672 USD
Estimated Weekly Salary: 386 USD per week
Estimated Hourly Salary: 10 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 60,083 KWD
Estimated Monthly Salary: 5,007 KWD
Estimated Weekly Salary: 1,155 KWD per week
Estimated Hourly Salary: 29 KWD per hour
By working as Senior Financial Accountant a person can save up to 72 USD per month or 868 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Kuwait, see costs of living in Kuwait.
Estimated Yearly Salary for Senior Financial Accountant
Last revision of data: 2025-01-04
Data as of 2025
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Senior Financial Accountant salary in Kuwait
Average Yearly Salary of Senior Financial Accountant in Kuwait is approximately 60,083 KWD (20,068 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Senior Financial Accountant do?
A senior financial accountant is responsible for overseeing and managing the financial operations of an organization. They play a crucial role in ensuring accurate financial reporting, compliance with accounting standards, and adherence to financial policies and procedures. Their key responsibilities include preparing financial statements, analyzing financial data, reconciling accounts, conducting financial audits, and providing recommendations for improving financial performance. They also collaborate with other departments to develop budgets and forecasts, monitor cash flows, and analyze financial risks. Additionally, senior financial accountants may supervise a team of junior accountants and provide guidance on complex accounting issues.
Skills: Senior financial accountant, Financial reporting, Accounting standards, Financial analysis, Financial audits, Budgeting and forecasting
Job industry: Accounting
Job industry: Accounting
How much does Senior Financial Accountant make?
Salary details
How much does Senior Financial Accountant make?Estimated Yearly Salary: 60,083 KWD
Estimated Monthly Salary: 5,007 KWD
Estimated Weekly Salary: 1,155 KWD per week
Estimated Hourly Salary: 29 KWD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 57,988 KWDEstimated Monthly Salary: 4,832 KWD
Estimated Weekly Salary: 1,115 KWD per week
Estimated Hourly Salary: 28 KWD per hour
Last revision of data: 2024-02-08Senior Financial Accountant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 20,068 USD
Estimated Monthly Salary: 1,672 USD
Estimated Weekly Salary: 386 USD per week
Estimated Hourly Salary: 10 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Kuwait is a small country located in the Middle East. It has a population of approximately 4 million people and covers an area of around 17,818 square kilometers. The country is bordered by Saudi Arabia to the south and Iraq to the north.
Estimated national average yearly salary is 12,300 KWD (40,000 USD). Value indicated is pre-tax. Below graph shows estimated Senior Financial Accountant job salary compared to average salary in Kuwait.
Comparison shows that a person working as Senior Financial Accountant in Kuwait earns on average:
4.88 times the average salary (or 488% of average salary).
Estimated national average yearly salary is 12,300 KWD (40,000 USD). Value indicated is pre-tax. Below graph shows estimated Senior Financial Accountant job salary compared to average salary in Kuwait.
Comparison shows that a person working as Senior Financial Accountant in Kuwait earns on average:
4.88 times the average salary (or 488% of average salary).
Is Senior Financial Accountant a well paid job?
Yes, our data show that Senior Financial Accountant is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Senior Financial Accountant?
High salary for Senior Financial Accountant would be somewhere between 66,091 KWD and 87,120 KWD. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Financial Accountant in Kuwait?
Living in Kuwait the approximate monthly expenses are: 1,600 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 60,083 KWD
Estimated Monthly Salary: 5,007 KWD
Estimated Weekly Salary: 1,155 KWD per week
Estimated Hourly Salary: 29 KWD per hour
By working as Senior Financial Accountant a person can save up to 72 USD per month or 868 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Kuwait, see costs of living in Kuwait.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Saudi Arabia, Iraq. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Senior Financial Accountant
Saudi Arabia is 41,494 USD
Iraq is 9,033 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Kuwait
(419,012 KWD per year, pre-tax.)
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(317,580 KWD per year, pre-tax.)
(317,445 KWD per year, pre-tax.)
(317,318 KWD per year, pre-tax.)
9. Urologist
(317,161 KWD per year, pre-tax.)
10. Plastic surgeon
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Data as of 2025Random salary:
Apprentice plumber (20,020 KWD per year, pre-tax.)
Paleontologist (45,780 KWD per year, pre-tax.)
Signal and track switch repairer (22,568 KWD per year, pre-tax.)
Reading specialist (42,580 KWD per year, pre-tax.)
Room service order taker (18,029 KWD per year, pre-tax.)
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