2012 Hartford Salary Guide
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2012 Hartford Salary Guide Document Transcript

  • 1. Creative Financial Staf ng uide y G a l ar S 2012www.cfstaf ng.com
  • 2. Creative Financial Staffing www.cfstaffing.com2012 CFS Salary Guide The 2012 CFS National Salary Guide provides comprehensive data of base salaries for all levels of accounting and finance professionals in the United States. We hope this guide will become a valuable resource in your ongoing discussions and planning for your accounting department. Also included in the Salary Guide are the Local Market Multipliers and a Glossary of popular accounting and finance positions.
  • 3. Creative Financial Staffing www.cfstaffing.com2012 | National SalariesUnderstanding the DataThe CFS National Salary Guide displays the low, middle& high end of salaries of accounting and finance positionsacross companies of different sizes.Our data is based on placements we’ve made throughoutall CFS offices, accounting and finance professionals we’veinterviewed and the job orders we’ve received from clients. SAMPLE RECORD Statistics and Terminology First 20%: This figure represents the low 20% of Company Size Definitions our survey results. This data can also be viewed as the “low” end of the salary range. Small Companies: Companies with revenues up to $100 Million. Middle: This figure represents 60% of our survey results. This data can also be viewed as the middle Medium Companies: Companies with revenues salary range. between $100 Million and $500 Million. Upper 20%: This figure represents the top 20% of Large Companies: Companies with revenues in our survey results. This data can also be viewed as excess of $500 Million. the “high” end of the salary range.
  • 4. Creative Financial Staffing2012 | National Salaries www.cfstaffing.comLarge CompaniesPosition/Title Low Middle HighCFO/Treasurer* Under $206,000 $206,000-$309,000 Over $309,000VP of Finance* Under $154,500 $154,500-$257,500 Over $257,500Controller* Under $128,750 $128,750-$180,250 Over $180,250Assistant Controller* Under $92,700 $92,700-$133,900 Over $133,900General Accounting DepartmentAccounting Manager Under $82,400 $82,400-$103,000 Over $103,000Senior Accountant Under $66,950 $66,950-$77,250 Over $77,250Staff Accountant (1-3 years) Under $51,500 $51,500-$61,800 Over $61,800Staff Accountant (up to 1 year) Under $41,200 $41,200-$51,500 Over $51,500Tax DepartmentDirector of Tax* Under $164,800 $164,800-$206,000 Over $206,000Tax Manager Under $108,150 $108,150-$139,050 Over $139,050Tax Senior Under $77,250 $77,250-$92,700 Over $92,700Tax Accountant (1-3 years) Under $56,650 $56,650-$72,100 Over $72,100Tax Accountant (up to 1 year) Under $46,350 $46,350-$56,650 Over $56,650Cost Accounting DepartmentCost Accounting Manager Under $87,550 $87,550-$108,150 Over $108,150Senior Cost Accountant Under $66,950 $66,950-$77,250 Over $77,250Cost Accountant (1-3 years) Under $56,650 $56,650-$66,950 Over $66,950Cost Accountant (up to 1 year) Under $46,350 $46,350-$56,650 Over $56,650*Bonuses and incentives are a significant part of overall compensation atthese levels and are not included in the CFS salary ranges.
  • 5. Creative Financial Staffing2012 | National Salaries www.cfstaffing.comLarge CompaniesPosition/Title Low Middle HighInternal Audit DepartmentInternal Audit Director Under $175,100 $175,100-$216,300 Over $216,300Internal Audit Manager Under $103,000 $103,000-$128,750 Over $128,750Internal Audit Senior Under $69,525 $69,525-$92,700 Over $92,700Internal Auditor (1-3 years) Under $56,650 $56,650-$72,100 Over $72,100Internal Auditor (up to 1 year) Under $46,350 $46,350-$56,650 Over $56,650AnalysisManager of Cost, Financial or Budget Analysis Under $92,700 $92,700-$113,300 Over $113,300Senior Cost, Financial or Budget Analyst Under $66,950 $66,950-$87,550 Over $87,550Cost, Financial or Budget Analyst Under $56,650 $56,650-$66,950 Over $66,950OperationsAP/AR Manager Under $56,650 $56,650-$72,100 Over $72,100Payroll Manager Under $62,830 $62,830-$82,400 Over $82,400Billing Manager Under $56,650 $56,650-$72,100 Over $72,100AP/AR Clerk Under $38,625 $38,625-$43,775 Over $43,775Payroll Clerk Under $36,050 $36,050-$41,200 Over $41,200Billing Clerk Under $36,050 $36,050-$41,200 Over $41,200Credit & CollectionsCredit & Collections Manager Under $61,800 $61,800-$82,400 Over $82,400Commercial Collector Under $36,050 $36,050-$54,075 Over $54,075
  • 6. Creative Financial Staffing2012 | National Salaries www.cfstaffing.comMedium CompaniesPosition/Title Low Middle HighCFO/Treasurer* Under $154,500 $154,500-$257,500 Over $257,500VP of Finance* Under $128,750 $128,750-$206,000 Over $206,000Controller* Under $113,300 $113,300-$159,650 Over $159,650Assistant Controller* Under $87,550 $87,550-$118,450 Over $118,450General Accounting DepartmentAccounting Manager Under $72,100 $72,100-$92,700 Over $92,700Senior Accountant Under $61,800 $61,800-$72,100 Over $72,100Staff Accountant (1-3 years) Under $46,350 $46,350-$56,650 Over $56,650Staff Accountant (up to 1 year) Under $36,050 $36,050-$46,350 Over $46,350Tax DepartmentDirector of Tax* Under $144,200 $144,200-$185,400 Over $185,400Tax Manager Under $92,700 $92,700-$123,600 Over $123,600Tax Senior Under $69,525 $69,525-$84,975 Over $84,975Tax Accountant (1-3 years) Under $51,500 $51,500-$61,800 Over $61,800Tax Accountant (up to 1 year) Under $41,200 $41,200-$51,500 Over $51,500Cost Accounting DepartmentCost Accounting Manager Under $77,250 $77,250-$97,850 Over $97,850Senior Cost Accountant Under $61,800 $61,800-$72,100 Over $72,100Cost Accountant (1-3 years) Under $51,500 $51,500-$61,800 Over $61,800Cost Accountant (up to 1 year) Under $41,200 $41,200-$51,500 Over $51,500*Bonuses and incentives are a significant part of overall compensation atthese levels and are not included in the CFS salary ranges.
  • 7. Creative Financial Staffing2012 | National Salaries www.cfstaffing.comMedium CompaniesPosition/Title Low Middle HighInternal Audit DepartmentInternal Audit Director Under $154,500 $154,500-$180,250 Over $180,250Internal Audit Manager Under $90,125 $90,125-$115,875 Over $115,875Internal Audit Senior Under $66,950 $66,950-$82,400 Over $82,400Internal Auditor (1-3 years) Under $51,500 $51,500-$61,800 Over $61,800Internal Auditor (up to 1 year) Under $41,200 $41,200-$51,500 Over $51,500AnalysisManager of Cost, Financial or Budget Analysis Under $82,400 $82,400-$103,000 Over $103,000Senior Cost, Financial or Budget Analyst Under $61,800 $61,800-$82,400 Over $82,400Cost, Financial or Budget Analyst Under $51,500 $51,500-$61,800 Over $61,800OperationsAP/AR Manager Under $46,350 $46,350-$59,740 Over $59,740Payroll Manager Under $56,650 $56,650-$66,950 Over $66,950Billing Manager Under $51,500 $51,500-$61,800 Over $61,800AP/AR Clerk Under $36,050 $36,050-$41,200 Over $41,200Payroll Clerk Under $33,475 $33,475-$38,625 Over $38,625Billing Clerk Under $33,475 $33,475-$38,625 Over $38,625Credit & CollectionsCredit & Collections Manager Under $56,650 $56,650-$66,950 Over $66,950Commercial Collector Under $33,475 $33,475-$46,350 Over $46,350
  • 8. Creative Financial Staffing2012 | National Salaries www.cfstaffing.comSmall CompaniesPosition/Title Low Middle HighCFO/Treasurer* Under $128,750 $128,750-$206,000 Over $206,000VP of Finance* Under $103,000 $103,000-$154,500 Over $154,500Controller* Under $92,700 $92,700-$118,450 Over $118,450Assistant Controller* Under $72,100 $72,100-$92,700 Over $92,700General Accounting DepartmentAccounting Manager Under $61,800 $61,800-$72,100 Over $72,100Senior Accountant Under $56,650 $56,650-$66,950 Over $66,950Staff Accountant (1-3 years) Under $41,200 $41,200-$51,500 Over $51,500Staff Accountant (up to 1 year) Under $36,050 $36,050-$41,200 Over $41,200Tax DepartmentTax Manager Under $77,250 $77,250-$108,150 Over $108,150Tax Senior Under $61,800 $61,800-$77,250 Over $77,250Tax Accountant (1-3 years) Under $46,350 $46,350-$56,650 Over $56,650Tax Accountant (up to 1 year) Under $41,200 $41,200-$48,925 Over $48,925Cost Accounting DepartmentCost Accounting Manager Under $66,950 $66,950-$87,550 Over $87,550Senior Cost Accountant Under $56,650 $56,650-$66,950 Over $66,950Cost Accountant (1-3 years) Under $46,350 $46,350-$56,650 Over $56,650Cost Accountant (up to 1 year) Under $36,050 $36,050-$46,350 Over $46,350*Bonuses and incentives are a significant part of overall compensation atthese levels and are not included in the CFS salary ranges.
  • 9. Creative Financial Staffing2012 | National Salaries www.cfstaffing.comSmall CompaniesPosition/Title Low Middle HighInternal Audit DepartmentInternal Audit Director Under $113,300 $113,300-$144,200 Over $144,200Internal Audit Manager Under $77,250 $77,250-$103,000 Over $103,000Internal Audit Senior Under $61,800 $61,800-$77,250 Over $77,250Internal Auditor (1-3 years) Under $46,350 $46,350-$56,650 Over $56,650Internal Auditor (up to 1 year) Under $41,200 $41,200-$48,925 Over $48,925AnalysisManager of Cost, Financial or Budget Analysis Under $72,100 $72,100-$92,700 Over $92,700Senior Cost, Financial or Budget Analyst Under $56,650 $56,650-$77,250 Over $77,250Cost, Financial or Budget Analyst Under $46,350 $46,350-$56,650 Over $56,650OperationsFull Charge Bookkeeper Under $46,350 $46,350-$54,590 Over $54,590Bookkeeper Under $36,050 $36,050-$42,230 Over $42,230AP/AR Manager Under $41,200 $41,200-$51,500 Over $51,500Payroll Manager Under $48,925 $48,925-$61,800 Over $61,800Accounting Clerk Under $30,900 $30,900-$41,200 Over $41,200AP/AR Clerk Under $30,900 $30,900-$36,050 Over $36,050Payroll Clerk Under $30,900 $30,900-$36,050 Over $36,050Billing Clerk Under $30,900 $30,900-$36,050 Over $36,050Credit & CollectionsCredit & Collections Manager Under $48,925 $48,925-$61,800 Over $61,800Commercial Collector Under $30,900 $30,900-$41,200 Over $41,200
  • 10. Creative Financial Staffing2012 | National Salaries www.cfstaffing.comPublic Accounting Company Size Definitions Large Firms: Firms with revenue in excess of $250 Million. Medium Firms: Firms with revenues between $25 Million and $250 Million. Small Firms: Firms with revenues up to $25 Million.Position/Title Low Middle HighLarge FirmsSenior Manager/Director* Under $113,300 $113,300-$175,100 Over $175,100Manager* Under $87,550 $87,550-$118,450 Over $118,450Senior (3+ years) Under $69,010 $69,010-$83,430 Over $83,430Staff (up to 3 years) Under $51,500 $51,500-$66,950 Over $66,950Medium FirmsSenior Manager/Director* Under $103,000 $103,000-$144,200 Over $144,200Manager* Under $82,400 $82,400-$103,000 Over $103,000Senior (3+ years) Under $61,800 $61,800-$77,250 Over $77,250Staff (up to 3 years) Under $46,350 $46,350-$56,650 Over $56,650Small FirmsSenior Manager/Director* Under $92,700 $92,700-$113,300 Over $113,300Manager* Under $72,100 $72,100-$92,700 Over $92,700Senior (3+ years) Under $56,650 $56,650-$66,950 Over $66,950Staff (up to 3 years) Under $41,200 $41,200-$51,500 Over $51,500*Bonuses and incentives are a significant part of overall compensation atthese levels and are not included in the CFS salary ranges.
  • 11. Creative Financial Staffing www.cfstaffing.com2012 | Local Market Multipliers The 2012 Local Market Multipliers are derived from the Bureau of Labor Statistics website. To calculate the local market salary data, multiply the national salary by the local market multiplier. Akron 0.9543 Los Angeles 1.045 Atlanta 1.05 Nashville 0.868 Bakersfield 0.952 New Jersey 1.152 Baltimore 0.9548 New York 1.294 Boston 1.13 Madison 0.918 Canton 0.8155 Minneapolis 0.933 Chicago 1.073 Orlando 0.8982 Cleveland 0.9806 Pittsburgh 0.945 Columbus 0.9493 Portland 0.927 Dallas 1.039 San Antonio 0.9105 Denver 1.052 San Francisco 1.227 Ft. Lauderdale 0.9163 Seattle 0.988 Ft. Wayne 0.901 Shelton 0.978 Grand Rapids 0.9352 South Bend 0.8492 Hartford 1.048 Tampa 0.8611 Houston 1.043 Washington, D.C. 1.194 Indianapolis 1.016 Example: Senior Cost Accountant - Large Company - Boston National Salary: $66,950-$77,250 Local Market Multiplier: 1.13 $66,950 x 1.13=$75,654 $77,250 x 1.13=$87,293 Local Salary: *$75,750-$87,250 * All local salaries are then rounded to the nearest 250. Some are slightly adjusted based on internal data collected.
  • 12. Creative Financial Staffing www.cfstaffing.com2012 | Hartford Local SalariesLarge CompaniesPosition/Title Low Middle HighCFO/Treasurer* Under $216,000 $216,000-$323,750 Over $323,750VP of Finance* Under $162,000 $162,000-$269,750 Over $269,750Controller* Under $135,000 $135,000-$189,000 Over $189,000Assistant Controller* Under $97,250 $97,250-$140,250 Over $140,250General Accounting DepartmentAccounting Manager Under $86,250 $86,250-$108,000 Over $108,000Senior Accountant Under $70,250 $70,250-$81,000 Over $81,000Staff Accountant (1-3 years) Under $54,000 $54,000-$64,750 Over $64,750Staff Accountant (up to 1 year) Under $43,250 $43,250-$54,000 Over $54,000Tax DepartmentDirector of Tax* Under $172,750 $172,750-$216,000 Over $216,000Tax Manager Under $113,250 $113,250-$145,750 Over $145,750Tax Senior Under $81,000 $81,000-$97,250 Over $97,250Tax Accountant (1-3 years) Under $59,250 $59,250-$75,500 Over $75,500Tax Accountant (up to 1 year) Under $48,500 $48,500-$59,250 Over $59,250Cost Accounting DepartmentCost Accounting Manager Under $91,750 $91,750-$113,250 Over $113,250Senior Cost Accountant Under $70,250 $70,250-$81,000 Over $81,000Cost Accountant (1-3 years) Under $59,250 $59,250-$70,250 Over $70,250Cost Accountant (up to 1 year) Under $48,500 $48,500-$59,250 Over $59,250*Bonuses and incentives are a significant part of overall compensation atthese levels and are not included in the CFS salary ranges.
  • 13. Creative Financial Staffing www.cfstaffing.com2012 | Hartford Local SalariesLarge CompaniesPosition/Title Low Middle HighInternal Audit DepartmentInternal Audit Director Under $183,500 $183,500-$226,750 Over $226,750Internal Audit Manager Under $108,000 $108,000-$135,000 Over $135,000Internal Audit Senior Under $72,750 $72,750-$97,250 Over $97,250Internal Auditor (1-3 years) Under $59,250 $59,250-$75,500 Over $75,500Internal Auditor (up to 1 year) Under $48,500 $48,500-$59,250 Over $59,250AnalysisManager of Cost, Financial or Budget Analysis Under $97,250 $97,250-$118,750 Over $118,750Senior Cost, Financial or Budget Analyst Under $70,250 $70,250-$91,750 Over $91,750Cost, Financial or Budget Analyst Under $59,250 $59,250-$70,250 Over $70,250OperationsAP/AR Manager Under $59,250 $59,250-$75,500 Over $75,500Payroll Manager Under $65,750 $65,750-$86,250 Over $86,250Billing Manager Under $59,250 $59,250-$75,500 Over $75,500AP/AR Clerk Under $40,500 $40,500-$46,000 Over $46,000Payroll Clerk Under $37,750 $37,750-$43,250 Over $43,250Billing Clerk Under $37,750 $37,750-$43,250 Over $43,250Credit & CollectionsCredit & Collections Manager Under $64,750 $64,750-$86,250 Over $86,250Commercial Collector Under $37,750 $37,750-$56,750 Over $56,750
  • 14. Creative Financial Staffing www.cfstaffing.com2012 | Hartford Local SalariesMedium CompaniesPosition/Title Low Middle HighCFO/Treasurer* Under $162,000 $162,000-$269,750 Over $269,750VP of Finance* Under $135,000 $135,000-$216,000 Over $216,000Controller* Under $118,750 $118,750-$167,250 Over $167,250Assistant Controller* Under $91,750 $91,750-$124,250 Over $124,250General Accounting DepartmentAccounting Manager Under $75,500 $75,500-$97,250 Over $97,250Senior Accountant Under $64,750 $64,750-$75,500 Over $75,500Staff Accountant (1-3 years) Under $48,500 $48,500-$59,250 Over $59,250Staff Accountant (up to 1 year) Under $37,750 $37,750-$48,500 Over $48,500Tax DepartmentDirector of Tax* Under $151,000 $151,000-$194,250 Over $194,250Tax Manager Under $97,250 $97,250-$129,500 Over $129,500Tax Senior Under $72,750 $72,750-$89,000 Over $89,000Tax Accountant (1-3 years) Under $54,000 $54,000-$64,750 Over $64,750Tax Accountant (up to 1 year) Under $43,250 $43,250-$54,000 Over $54,000Cost Accounting DepartmentCost Accounting Manager Under $81,000 $81,000-$102,500 Over $102,500Senior Cost Accountant Under $64,750 $64,750-$75,500 Over $75,500Cost Accountant (1-3 years) Under $54,000 $54,000-$64,750 Over $64,750Cost Accountant (up to 1 year) Under $43,250 $43,250-$54,000 Over $54,000*Bonuses and incentives are a significant part of overall compensation atthese levels and are not included in the CFS salary ranges.
  • 15. Creative Financial Staffing www.cfstaffing.com2012 | Hartford Local SalariesMedium CompaniesPosition/Title Low Middle HighInternal Audit DepartmentInternal Audit Director Under $162,000 $162,000-$189,000 Over $189,000Internal Audit Manager Under $94,500 $94,500-$121,500 Over $121,500Internal Audit Senior Under $70,250 $70,250-$86,250 Over $86,250Internal Auditor (1-3 years) Under $54,000 $54,000-$64,750 Over $64,750Internal Auditor (up to 1 year) Under $43,250 $43,250-$54,000 Over $54,000AnalysisManager of Cost, Financial or Budget Analysis Under $86,250 $86,250-$108,000 Over $108,000Senior Cost, Financial or Budget Analyst Under $64,750 $64,750-$86,250 Over $86,250Cost, Financial or Budget Analyst Under $54,000 $54,000-$64,750 Over $64,750OperationsAP/AR Manager Under $48,500 $48,500-$62,500 Over $62,500Payroll Manager Under $59,250 $59,250-$70,250 Over $70,250Billing Manager Under $54,000 $54,000-$64,750 Over $64,750AP/AR Clerk Under $37,750 $37,750-$43,250 Over $43,250Payroll Clerk Under $35,000 $35,000-$40,500 Over $40,500Billing Clerk Under $35,000 $35,000-$40,500 Over $40,500Credit & CollectionsCredit & Collections Manager Under $59,250 $59,250-$70,250 Over $70,250Commercial Collector Under $35,000 $35,000-$48,500 Over $48,500
  • 16. Creative Financial Staffing www.cfstaffing.com2012 | Hartford Local SalariesSmall CompaniesPosition/Title Low Middle HighCFO/Treasurer* Under $135,000 $135,000-$216,000 Over $216,000VP of Finance* Under $108,000 $108,000-$162,000 Over $162,000Controller* Under $97,250 $97,250-$124,250 Over $124,250Assistant Controller* Under $75,500 $75,500-$97,250 Over $97,250General Accounting DepartmentAccounting Manager Under $64,750 $64,750-$75,500 Over $75,500Senior Accountant Under $59,250 $59,250-$70,250 Over $70,250Staff Accountant (1-3 years) Under $43,250 $43,250-$54,000 Over $54,000Staff Accountant (up to 1 year) Under $37,750 $37,750-$43,250 Over $43,250Tax DepartmentTax Manager Under $81,000 $81,000-$113,250 Over $113,250Tax Senior Under $64,750 $64,750-$81,000 Over $81,000Tax Accountant (1-3 years) Under $48,500 $48,500-$59,250 Over $59,250Tax Accountant (up to 1 year) Under $43,250 $43,250-$51,250 Over $51,250Cost Accounting DepartmentCost Accounting Manager Under $70,250 $70,250-$91,750 Over $91,750Senior Cost Accountant Under $59,250 $59,250-$70,250 Over $70,250Cost Accountant (1-3 years) Under $48,500 $48,500-$59,250 Over $59,250Cost Accountant (up to 1 year) Under $37,750 $37,750-$48,500 Over $48,500*Bonuses and incentives are a significant part of overall compensation atthese levels and are not included in the CFS salary ranges.
  • 17. Creative Financial Staffing www.cfstaffing.com2012 | Hartford Local SalariesSmall CompaniesPosition/Title Low Middle HighInternal Audit DepartmentInternal Audit Director Under $118,750 $118,750-$151,000 Over $151,000Internal Audit Manager Under $81,000 $81,000-$108,000 Over $108,000Internal Audit Senior Under $64,750 $64,750-$81,000 Over $81,000Internal Auditor (1-3 years) Under $48,500 $48,500-$59,250 Over $59,250Internal Auditor (up to 1 year) Under $43,250 $43,250-$51,250 Over $51,250AnalysisManager of Cost, Financial or Budget Analysis Under $75,500 $75,500-$97,250 Over $97,250Senior Cost, Financial or Budget Analyst Under $59,250 $59,250-$81,000 Over $81,000Cost, Financial or Budget Analyst Under $48,500 $48,500-$59,250 Over $59,250OperationsFull Charge Bookkeeper Under $48,500 $48,500-$57,250 Over $57,250Bookkeeper Under $37,750 $37,750-$44,250 Over $44,250AP/AR Manager Under $43,250 $43,250-$54,000 Over $54,000Payroll Manager Under $51,250 $51,250-$64,750 Over $64,750Accounting Clerk Under $32,500 $32,500-$43,250 Over $43,250AP/AR Clerk Under $32,500 $32,500-$37,750 Over $37,750Payroll Clerk Under $32,500 $32,500-$37,750 Over $37,750Billing Clerk Under $32,500 $32,500-$37,750 Over $37,750Credit & CollectionsCredit & Collections Manager Under $51,250 $51,250-$64,750 Over $64,750Commercial Collector Under $32,500 $32,500-$43,250 Over $43,250
  • 18. Creative Financial Staffing www.cfstaffing.com2012 | Hartford Local SalariesPublic Accounting Company Size Definitions Large Firms: Firms with revenue in excess of $250 Million. Medium Firms: Firms with revenues between $25 Million and $250 Million. Small Firms: Firms with revenues up to $25 Million.Position/Title Low Middle HighLarge FirmsSenior Manager/Director* Under $118,750 $118,750-$183,500 Over $183,500Manager* Under $91,750 $91,750-$124,250 Over $124,250Senior (3+ years) Under $72,250 $72,250-$87,500 Over $87,500Staff (up to 3 years) Under $54,000 $54,000-$70,250 Over $70,250Medium FirmsSenior Manager/Director* Under $108,000 $108,000-$151,000 Over $151,000Manager* Under $86,250 $86,250-$108,000 Over $108,000Senior (3+ years) Under $64,750 $64,750-$81,000 Over $81,000Staff (up to 3 years) Under $48,500 $48,500-$59,250 Over $59,250Small FirmsSenior Manager/Director* Under $97,250 $97,250-$118,750 Over $118,750Manager* Under $75,500 $75,500-$97,250 Over $97,250Senior (3+ years) Under $59,250 $59,250-$70,250 Over $70,250Staff (up to 3 years) Under $43,250 $43,250-$54,000 Over $54,000*Bonuses and incentives are a significant part of overall compensation atthese levels and are not included in the CFS salary ranges.
  • 19. Creative Financial Staffing www.cfstaffing.com2012 | Glossary The Glossary provides the definition of the financial and accounting positions and terminology used throughout the 2012 CFS Salary Guide.
  • 20. 2012 | GlossaryChief Financial Officer/Treasurer nonexempt accounting staff. Advanced DegreesDirects the overall financial plans and accounting and/or professional certifications are assumed atpractices of an organization. Oversees treasury, this level.accounting, budget, tax and audit activities of theorganization and subsidiaries. Oversees financial Assistant Controllerand accounting system controls and standards Supports company controller in directingand ensures timely financial and statistical budget and cost controls, financial analysis,reports for management and/or board use. This and accounting procedures. Manages financialis the top finance and accounting position for statement preparation. Organizes and plansthe organization. Advanced Degrees and/or auditing schedules. Develops policy andprofessional certifications are assumed at this procedure manuals for accounting department.level. May file tax returns. Advanced Degrees and/or professional certifications are assumed at this level.Vice President of FinanceDirects and coordinates, through subordinate Accounting Managermanagerial personnel, activities of department, Manages accounting functions and preparationregion, administrative division, or specific of reports and statistics detailing financial results.function of financial institution, such as lending, Establishes and maintains accounting practicestrusts, mortgages, and investments, acting under to ensure accurate and reliable data necessaryauthority and responsibility delegated by corporate for business operations. May specialize in oneexecutive officer. Develops and recommends or more functional accounting areas such asplans for expansion of programs, operations, accounts receivable, accounts payable, payroll,and financial activities. May authorize loans of budget, etc. Supervises professional and/orspecified types and amounts when permitted by clerical accounting employees.institution regulations. Advanced Degrees and/or professional certifications are assumed at this Accountant – Seniorlevel. Establishes, interprets and analyzes complex accounting records or financial statements. TheseController may include general accounting, costing orDirects budget and cost controls, financial budget data. Examines, analyzes and interpretsanalysis, accounting practices and reports. accounting records for management.Analyzes and interprets financial data andrecommends changes to improve systems andfinancial performance. This may be the top levelin a mid-size company, or may report to the CFOin a very large company. Supervises exempt and
  • 21. 2012 | GlossaryStaff Accountant Tax SeniorPrepares and maintains accounting records that Completes complex professional tax accountingmay include general accounting, costing, or activities. Responsibilities include setting up andbudget data. Examines, analyzes and interprets retaining organization’s tax records, filing taxaccounting records for the purpose of giving returns, and preparing related reports, in additionadvice or preparing statements. May act as lead to performing management studies. May alsoto lower level employees. lead lower level accounting staff.Director of Tax Tax AccountantCoordinates the preparation and review of Completes professional tax accounting activitiesorganization’s tax information for tax compliance for an organization. Sets up and retainsand tax financial reporting purposes. Oversees organization’s tax records. Files tax returns andthe process of budgeting tax payments for prepares related reports.income forecasting and cash flow projections.Monitors legislative developments to insure the Cost Accounting Managerproper corporate response. Conducts activities Manages the preparation of cost accountingthat include ensuring compliance with the records. Designs and implements cost controlorganization’s tax standards, communicates procedures.complex tax issues to users of tax informationat all levels in the organization. Drives the tax Senior Cost Accountantstrategies in order to meet the tax objectives Responsible for all aspects of costing, includingof the organization. Advanced Degrees and/or maintaining and analyzing the bill of materials,professional certifications are assumed at this assisting with developing cost estimates forlevel. product lines, and tracking/analyzing business costs. In addition, reviews, corrects, and reconcilesTax Manager general ledger accounts, prepares journal entries,Establishes and carries out a campaign to reduce schedules and reports for the monthly Operatingthe organization’s tax debt. Adheres to all federal, Book, and assists in the preparation of auditstate, local, or international tax laws. Manages schedules and annual budget.the retention and preparation of tax records, taxreturns, and other required reports. Assesses theimpact of the organization’s tax liability andoversees tax accounting staff. Advanced Degreesand/or professional certifications are assumed atthis level.
  • 22. 2012 | GlossaryCost Accountant Audit SeniorPrepares cost accounting records such as Conducts complex audit projects. Reviews recordssubcontracting, field service, sales costs, and for accuracy and conformance to standards.research and development costs. Computes Inspects financial or operational information toproject costs, compares actual costs to estimates ensure procedures are correct and appropriate.and analyzes variances. Compiles audit findings and recommends revisions to systems and procedures.Audit DirectorSupervises the most difficult and sensitive Auditorinternal and/or external financial, operations and Conducts audits to verify accuracy of records,compliance audits and evaluates the work of compliance with standards, policies and procedures.other advanced-level auditors so that audits are Compiles audit findings and recommendations forin compliance with accepted accounting/auditing modifications and improvements to systems andprinciples and standards within state and federal procedures.laws. Represents the highest-level audit supervisoryclass. Directs, assigns and controls workflow; Manager of Cost, Financial or Budget Analysis*effectively recommends hiring and disciplinary Plans and directs analysis of financial data. Providesactions, writes and revises position descriptions assessment of existing and proposed financialand conducts performance evaluations. Advanced plans and policies. Proposes changes to ensureDegrees and/or professional certifications are organization achieves financial targets. Advancedassumed at this level. Degrees and/or professional certifications are assumed at this level.Audit ManagerDirects review and verification of records, Senior Financial Analystcompliance with standards, policies and procedures. Analyzes complex financial data and compilesDevelops audit procedures and systems. Oversees reports. Provides recommendations to managementaudit findings and recommendations. Supervises for establishing and achieving profit objectives.internal audit staff. Advanced Degrees and/or Assesses alternatives and overall financialprofessional certifications are assumed at this performance to suggest appropriate course oflevel. action. May train or mentor junior staff.
  • 23. 2012 | GlossaryFinancial Analyst Payroll ManagerAnalyzes financial data, compiles reports and Manages the preparation, distribution, andprepares recommendations to management. reporting processes for payroll. Oversees theDevelops business plans and forecasts budget calculation of wages, overtime, and deductionscomparisons, profit analysis, and other financial to ensure compliance with federal and state laws.reports. Ensures that payments and government reports are disbursed accurately and in a timely manner.Full Charge Bookkeeper Establishes policies and procedures for theMaintains general ledger through trial balances. payroll function.Prepares monthly and yearly adjustments andaccruals, and prepares financial statements with Billing Managerlimited supervision. Oversees the billing function to ensure invoicing is completed accurately and on time. ProvidesBookkeeper work direction and review for billing clerks.Records organization’s business transactions and Manages the processing and calculation ofretains all accounting records. Posts, verifies, and billing costs consistent with company policy andreconciles accounts payable, accounts receivable, procedure. Prepares reports of billing activity forexpenses, payroll, or other ledger accounts. management.Prepares statements, invoices, and vouchers.Submits reports of business financial operations. Accounting Clerk Verifies and posts transactions to journals,Accounts Payable/Receivable Manager ledgers and other records. Prepares statements,Oversees accounts payable record keeping. invoices and vouchers. May handle balancingSupervises recording of amounts due, verification and reconciliations. May specialize in one area ofof invoices, and calculation of discounts. Ensures the accounting function. Requires understandingexpense coding, voucher preparation, and check of bookkeeping procedures.issuance are accomplished accurately and ina timely manner. Produces various reports Accounts Payable Clerkfor management including accounts payable Oversee accounts payable record keeping.register. Supervises recording of amounts due, verification of invoices, and calculation of discounts. Ensures expense coding, voucher preparation, and check issuance are accomplished accurately and in a timely manner. Produces various reports for management including accounts payable register.
  • 24. 2012 | GlossaryAccounts Receivable Clerk Credit and Collections ManagerReviews invoices for accuracy and completeness. Directs and coordinates all collection activitiesSorts documents by account name or number and supervises collections staff. Responsible forand processes invoices for payment. May obtaining updates and remaining current on legalperform other basic clerical duties associated issues and proper documentation involved withwith accounts payable. May post transactions collection of delinquent accounts.to journals, ledgers and other records. Requiresunderstanding of bookkeeping procedures. Commercial Collector Initiates appropriate collection action onPayroll Clerk delinquent accounts and manages orders onComputes payroll; has knowledge of hourly, specific delinquent accounts, negotiates paymentsweekly, etc. wage calculation, deduction rates and on past due dollars as well as plans to ensure newlimits. Has ability to reconcile automated output dollars are paid in a timely manner, processesto source data; may possess specific software and the daily orders within department guidelines forservice bureau experience. specified delinquent accounts, works with the Credit Team, the Accounts Receivable Team, theBilling Clerk Sales Team and all other departments within theReviews billing data from charge or sales slips company to ensure customer issues are addressedand purchase orders to ensure amounts and appropriately. Also identifies and preparesaccount numbers are accurate. Calculates billing accounts for outside collection efforts once allcharges, and assigns billing numbers for tracking in-house avenues have been exhausted.purposes. Prepares invoices and bills of lading.Submits invoices for supervisory approval ofcharges and credit terms.
  • 25. About Creative Financial Staffing Creative Financial Staffing (CFS) is the world’s largest staffing company specializing exclusively in the CFS Guarantees Your Satisfaction placement of accounting and financial professionals. Client and recruit satisfaction is the most important part of our business, and we work hard to ensure that each Founded in 1994, CFS is unique in that it is the only placement we make is the absolute best. temporary and permanent staffing agency in the world to function as a fully integrated unit of leading accounting Our promise of excellence applies to all of our temporary firms. and permanent placements. We do what we say we’ll do by servicing our clients and recruits with a level of This affiliation gives us a distinct advantage: We quality that is second to none. are connected. Through financial and accounting networking, CFS has built an exceptional pool of candidates to help solve our clients’ staffing needs fast. Executive Search Expertise Temporary Staffing Services CFS specializes in Accounting and Finance permanent/ Our Temporary Staffing solutions cover a broad range of executive search services. We recruit top talent from mid financial disciplines and talent levels - from accounting level accounting positions to senior and executive level clerks to CFOs. All of our temporary employees are managers. We offer the following services to customize personally interviewed and referenced in order to help our clients’ search based on their unique needs: us make the best possible placements for our clients. • At length discussions to determine the skills, knowledge, and abilities required for the position • Assistance with defining a compensation plan for Project Support & Interim Management Services the position Non-stop support for interim management. With over • A rigorous screening process involving personal 18 years of experience in the consulting and accounting interviews, professional references, and employment staffing industry, we know how to fit the right person and degree verification to develop a short list of into the right environment. Our consultants will help qualified candidates match your needs and skills with the needs and culture • Assistance with making the final offer of our clients. To locate the office closest to you, visit us at www.cfstaffing.com.