Accounting is a vital aspect of any business. It encompasses the systematic recording, categorizing, and analyzing of financial transactions to provide valuable insights for decision-making. Accounting professionals, from bookkeepers to controllers, are highly sought after because they play a crucial role in maintaining the organization’s financial stability. Their responsibilities include keeping accurate records of financial transactions, preparing financial statements, and performing financial analyses.
Hiring remote Latin American (LatAm) accounting talent can add to your team a diverse pool of skilled professionals with the necessary experience to effectively support your organization’s financial needs.
Some of the accounting positions you can fill by hiring LatAm remote workers and the average salaries you can expect to pay include:
Accountant
Accountants manage a business’s financial records and provide stakeholders with accurate financial information. They ensure the company’s financial reports comply with all laws and regulations and work closely with other financial professionals to track and analyze financial data.
LatAm annual salary range: $18,000–$42,000
Potential savings over US salaries: 56.67%
Accounting Analyst
Accounting analysts support the accounting department and are responsible for analyzing financial data, creating financial reports, and providing recommendations to improve financial processes. They are skilled in interpreting financial statements, creating budgets, and forecasting financial results.
LatAm annual salary range: $24,000–$40,800
Potential savings over US salaries: 47.33%
Accounting Operations Leader
Accounting operations leaders oversee the day-to-day operations of the accounting department, ensuring that financial records are accurate and timely. They also help to develop and implement policies and procedures, manage personnel, and coordinate with other departments to achieve company goals.
LatAm annual salary range: $42,000–$60,000
Potential savings over US salaries: 38.71%
Accounts Payable Manager
Accounts payable managers are responsible for managing the company’s accounts payable processes. They ensure vendor invoices are accurate and processed on time and monitor the company’s expenses to ensure compliance with budget constraints.
LatAm annual salary range: $24,000–$42,000
Potential savings over US salaries: 53.58%
Accounts Receivable/Billing Coordinator
Accounts receivable or billing coordinators manage the company’s accounts receivable processes. They ensure invoices are accurately prepared and sent to customers, process customer payments, and maintain accurate financial records.
LatAm annual salary range: $18,000–$22,000
Potential savings over US salaries: 60.23%
Audit Manager
Audit managers are responsible for overseeing the company’s financial audits. They work with other financial professionals to identify areas of risk, perform financial analysis, and make recommendations for improvements to internal controls.
LatAm annual salary range: $45,000–$60,000
Potential savings over US salaries: 48.51%
Benefits and Payroll Coordinator
Benefits and payroll coordinators manage the company’s employee benefits and payroll processes. They ensure employee benefits are administered correctly and coordinate with payroll providers to ensure accurate and timely payroll processing.
LatAm annual salary range: $15,000–$24,000
Potential savings over US salaries: 71.63%
Bookkeeper
Bookkeepers maintain the company’s financial records, including accounts payable, accounts receivable, and general ledger. They ensure that financial records are accurate and up-to-date and provide financial information to support decision-making.
LatAm annual salary range: $15,000–$42,000
Potential savings over US salaries: 36.82%
Controller
Controllers oversee the company’s financial operations and ensure that financial records are accurate and comply with laws and regulations. They work closely with other financial professionals to analyze financial data, create budgets, and provide financial reports to stakeholders.
LatAm annual salary range: $18,000–$42,000
Potential savings over US salaries: 68.85%
Financial Due Diligence Accounting Analyst
Financial due diligence accounting analysts are responsible for conducting financial analyses to support business transactions. They provide recommendations for financial structure, assess risk, and identify areas of improvement to ensure that transactions are successful.
LatAm annual salary range: $24,000–$40,800
Potential savings over US salaries: 37.72%
Tax Professional
Tax professionals ensure that the company complies with tax laws and regulations. They prepare and file tax returns, research tax laws, and provide tax planning and compliance services to support the company’s financial goals.
LatAm annual salary range: $24,000–$30,000
Potential savings over US salaries: 59.36%
Return to the 2024 Salary Guide: US vs. Latin America
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To read about the roles and average salary ranges in other fields, such as Finance or HR, and the cost-of-living information for five LatAm countries, return to our 2024 Salary Guide.
The salary guide is a valuable resource for businesses looking to hire remote talent from LatAm. It presents a comprehensive overview of LatAm job market trends, cost of living, and the skills and qualities of roles that LatAm remote workers can fill. It gives you the information you need to determine what salaries would be fair for your remote LatAm workers while still providing cost savings for you.
By nearshore outsourcing to the LatAm region, businesses can access a diverse and highly skilled talent pool and save on operating costs.
