2015 Salary Guide

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2015 Salary Guide

Founded by CPA Firms

Creative Financial Staffing

What’s inside...

» National Salaries & Local Salaries of positions ranging from Chief Financial Officer to Payroll Clerk

» Local Market Multipliers

» Lower, Middle, High range of National and Local salaries by company size

» Company size definitions

» Statistics and Terminology

» Glossary with definitions of finance and accounting positions

» About CFS section

2015 CFS Salary Guide

Creative Financial Staffingwww.cfstaffing.com

The 2015 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.

2015 | National Salaries

Understanding the Data

The CFS National Salary Guide displays the low, middle & high end of salaries of accounting and finance positions across companies of different sizes.

Our data is based on placements we’ve made throughout all CFS offices, accounting and finance professionals we’ve interviewed and the job orders we’ve received from clients.

Company Size Definitions

Small Companies: Companies with revenues upto $100 Million.

Medium Companies: Companies with revenuesbetween $100 Million and $500 Million.

Large Companies: Companies with revenues inexcess of $500 Million.

Statistics and Terminology

First 20%: This figure represents the low 20% of our survey results. This data can also be viewed as the “low” end of the salary range.

Middle: This figure represents 60% of our survey results. This data can also be viewed as the middle salary range.

Upper 20%: This figure represents the top 20% of our survey results. This data can also be viewed as the “high” end of the salary range.


SAMPLE RECORD


Position/Title Low Middle High

Large Companies


*Bonuses and incentives are a significant part of overall compensation at these levels and are not included in the CFS salary ranges.

CFO/Treasurer* Under $224,750 $224,750 - $337,250 Over $337,250VP of Finance* Under $167,500 $167,500 - $279,500 Over $279,500Controller* Under $141,500 $141,500 - $198,000 Over $198,000Assistant Controller* Under $102,000 $102,000 - $147,000 Over $147,000

General Accounting DepartmentAccounting Manager Under $90,500 $90,500 - $113,000 Over $113,000Senior Accountant Under $73,250 $73,250 - $84,750 Over $84,750Staff Accountant (1-3 years) Under $56,750 $56,750 - $68,000 Over $68,000Staff Accountant (up to 1 year) Under $45,250 $45,250 - $56,500 Over $56,500

Tax DepartmentDirector of Tax* Under $180,000 $180,000 - $224,750 Over $224,750Tax Manager Under $118,500 $118,500 - $152,250 Over $152,250Tax Senior Under $85,000 $85,000 - $102,000 Over $102,000Tax Accountant (1-3 years) Under $62,250 $62,250 - $79,500 Over $79,500Tax Accountant (up to 1 year) Under $51,000 $51,000 - $62,000 Over $62,000

Cost Accounting DepartmentCost Accounting Manager Under $96,000 $96,000 - $118,750 Over $118,750Senior Cost Accountant Under $73,750 $73,750 - $85,000 Over $85,000Cost Accountant (1-3 years) Under $62,250 $62,250 - $73,750 Over $73,750Cost Accountant (up to 1 year) Under $50,750 $50,750 - $62,000 Over $62,000


2015 | National SalariesLarge Companies


Internal Audit Department Internal Audit Director Under $191,000 $191,000 - $236,250 Over $236,250Internal Audit Manager Under $113,000 $113,000 - $141,250 Over $141,250Internal Audit Senior Under $76,250 $76,250 - $101,500 Over $101,500Internal Auditor (1-3 years) Under $62,250 $62,250 - $79,250 Over $79,250Internal Auditor (up to 1 year) Under $51,000 $51,000 - $62,000 Over $62,000

AnalysisManager of Cost, Financial or Budget Analysis Under $101,500 $101,500 - $124,250 Over $124,250Senior Cost, Financial or Budget Analyst Under $73,750 $73,750 - $96,250 Over $96,250Cost, Financial or Budget Analyst Under $62,250 $62,250 - $73,750 Over $73,750

OperationsAP/AR Manager Under $62,000 $62,000 - $79,000 Over $79,000Payroll Manger Under $69,000 $69,000 - $90,250 Over $90,250Billing Manager Under $62,000 $62,000 - $79,000 Over $79,000AP/AR Clerk Under $42,250 $42,250 - $48,000 Over $48,000Payroll Clerk Under $39,250 $39,250 - $44,750 Over $44,750Billing Clerk Under $39,250 $39,250 - $45,250 Over $45,250

Credit & CollectionsCredit & Collections Manager Under $67,500 $67,500 - $90,250 Over $90,250Commercial Collector Under $39,250 $39,250 - $59,000 Over $59,000


Medium Companies

2015 | National SalariesCreative Financial Staffing

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Medium Companies







Small Companies


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Tax DepartmentTax Manager Under $84,750 $84,750 - $118,500 Over $118,500Tax Senior Under $67,750 $67,750 - $84,750 Over $84,750Tax Accountant (1-3 years) Under $51,000 $51,000 - $62,000 Over $62,000Tax Accountant (up to 1 year) Under $45,250 $45,250 - $53,500 Over $53,500



Small Companies


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Internal Audit DepartmentInternal Audit Director Under $124,000 $124,000 - $157,750 Over $157,750Internal Audit Manager Under $85,000 $85,000 - $113,250 Over $113,250Internal Audit Senior Under $68,000 $68,000 - $85,250 Over $85,250Internal Auditor (1-3 years) Under $51,000 $51,000 - $62,250 Over $62,250Internal Auditor (up to 1 year) Under $45,250 $45,250 - $53,750 Over $53,750


OperationsFull Chsrge Bookkeeper Under $50,750 $50,750 - $59,750 Over $59,750Bookkeeper Under $39,250 $39,250 - $46,000 Over $46,000AP/AR Manager Under $44,750 $44,750 - $56,250 Over $56,250Payroll Manger Under $53,500 $53,500 - $67,500 Over $67,500

Accounting Clerk Under $33,750 $33,750 $45,250 Over $45,250AP/AR Clerk Under $33,750 $33,750 - $39,500 Over $39,500Payroll Clerk Under $33,750 $33,750 - $39,250 Over $39,250Billing Clerk Under $33,750 $33,750 - $39,250 Over $39,250


2015 | Local SalariesCreative Financial Staffing

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The CFS Local Salary Guide displays the low, middle &high end of salaries of accounting and finance positionsacross companies of different sizes within a metropolitanarea of which a CFS branch is located.


2015 | Local Market Multipliers

The 2015 Local Market Multipliers are derived from the Bureau of Labor Statistics website as well as data from our offices. To calculate the local market salary data, multiply the national salary by the local market multiplier.

Example: Senior Cost Accountant - Large Company National Salary: $71,250-$82,000 Local Market Multiplier: 1.20

$71,250 x 1.20=$85,500 $82,000 x 1.2=$98,500Local Salary: *$85,500-$98,500

* All local salaries are then rounded to the nearest 250. Some are slightly adjusted based on internal data collected.

Akron 0.94 Los Angeles 1.18Atlanta 1.05 Madison 0.95Bakersfield 0.94 Minneapolis 1.04Baltimore 1.02 Nashville 0.91Boston 1.23 New York 1.34Canton 0.87 Orlando 0.94Chicago 1.09 Pittsburgh 0.95Cleveland 0.95 Portland 1.00Columbus 0.96 San Antonio 0.96Denver 1.02 San Francisco 1.27Ft. Lauderdale 0.96 Seattle 1.07Ft. Wayne 0.90 Shelton 1.05

Grand Rapids 0.92 South Bend 0.87Hartford 1.05 Tampa 0.94Houston 1.06 Washington, D.C. 1.26Indianapolis 0.97


2015 | Houston Local SalariesLarge Companies








2015 | Houston Local SalariesMedium Companies








2015 | Houston Local SalariesSmall Companies





Tax DepartmentTax Manager Under $89,750 $89,750 - $125,500 Over $125,500Tax Senior Under $71,750 $71,750 - $89,750 Over $89,750Tax Accountant (1-3 years) Under $54,000 $54,000 - $65,750 Over $65,750Tax Accountant (up to 1 year) Under $48,000 $48,000 - $56,750 Over $56,750



2015 | Houston Local SalariesSmall Companies


Internal Audit DepartmentInternal Audit Director Under $131,500 $131,500 - $167,250 Over $167,250Internal Audit Manager Under $90,000 $90,000 - $120,000 Over $120,000Internal Audit Senior Under $72,000 $72,000 - $90,250 Over $90,250Internal Auditor (1-3 years) Under $54,000 $54,000 - $66,000 Over $66,000Internal Auditor (up to 1 year) Under $48,000 $48,000 - $57,000 Over $57,000


OperationsFull Chsrge Bookkeeper Under $53,750 $53,750 - $63,250 Over $63,250Bookkeeper Under $41,500 $41,500 - $48,750 Over $48,750AP/AR Manager Under $47,500 $47,500 - $59,750 Over $59,750Payroll Manger Under $56,750 $56,750 - $71,500 Over $71,500

Accounting Clerk Under $35,750 $35,750 $48,000 Over $48,000AP/AR Clerk Under $35,750 $35,750 - $41,750 Over $41,750Payroll Clerk Under $35,750 $35,750 - $41,500 Over $41,500Billing Clerk Under $35,750 $35,750 - $41,500 Over $41,500


2015 | Glossary


The Glossary provides the definition of the financial and accounting positions and terminology used throughout the 2015 CFS Salary Guide.

Chief Financial Officer/TreasurerDirects the overall financial plans and accounting practices of an organization. Oversees treasury, accounting, budget, tax and audit activities of the organization and subsidiaries. Oversees financial and accounting system controls and standards and ensures timely financial and statistical reports for management and/or board use. This is the top finance and accounting position for the organization. Advanced Degrees and/or professional certifications are assumed at this level.

Vice President of FinanceDirects and coordinates, through subordinate managerial personnel, activities of department, region, administrative division, or specific function of financial institution, such as lending, trusts, mortgages, and investments, acting under authority and responsibility delegated by corporate executive officer. Develops and recommends plans for expansion of programs, operations, and financial activities. May authorize loans of specified types and amounts when permitted by institution regulations. Advanced Degrees and/or professional certifications are assumed at this level.

ControllerDirects budget and cost controls, financial analysis, accounting practices and reports. Analyzes and interprets financial data and recommends changes to improve systems and financial performance. This may be the top level in a mid-size company, or may report to the CFO in a very large company. Supervises exempt and

nonexempt accounting staff. Advanced Degrees and/or professional certifications are assumed at this level.

Assistant ControllerSupports company controller in directing budget and cost controls, financial analysis, and accounting procedures. Manages financial statement preparation. Organizes and plans auditing schedules. Develops policy and procedure manuals for accounting department. May file tax returns. Advanced Degrees and/or professional certifications are assumed at this level. Accounting ManagerManages accounting functions and preparation of reports and statistics detailing financial results. Establishes and maintains accounting practices to ensure accurate and reliable data necessary for business operations. May specialize in one or more functional accounting areas such as accounts receivable, accounts payable, payroll, budget, etc. Supervises professional and/or clerical accounting employees.

Accountant – SeniorEstablishes, interprets and analyzes complex accounting records or financial statements. These may include general accounting, costing or budget data. Examines, analyzes and interprets accounting records for management.

2015 | Glossary

Staff AccountantPrepares and maintains accounting records that may include general accounting, costing, or budget data. Examines, analyzes and interprets accounting records for the purpose of giving advice or preparing statements. May act as lead to lower level employees.

Director of TaxCoordinates the preparation and review of organization’s tax information for tax compliance and tax financial reporting purposes. Oversees the process of budgeting tax payments for income forecasting and cash flow projections. Monitors legislative developments to insure the proper corporate response. Conducts activities that include ensuring compliance with the organization’s tax standards, communicates complex tax issues to users of tax information at all levels in the organization. Drives the tax strategies in order to meet the tax objectives of the organization. Advanced Degrees and/or professional certifications are assumed at this level.

Tax ManagerEstablishes and carries out a campaign to reduce the organization’s tax debt. Adheres to all federal, state, local, or international tax laws. Manages the retention and preparation of tax records, tax returns, and other required reports. Assesses the impact of the organization’s tax liability and oversees tax accounting staff. Advanced Degrees and/or professional certifications are assumed at this level.

Tax SeniorCompletes complex professional tax accounting activities. Responsibilities include setting up and retaining organization’s tax records, filing tax returns, and preparing related reports, in addition to performing management studies. May also lead lower level accounting staff.

Tax AccountantCompletes professional tax accounting activities for an organization. Sets up and retains organization’s tax records. Files tax returns and prepares related reports.

Cost Accounting ManagerManages the preparation of cost accounting records. Designs and implements cost control procedures.

Senior Cost AccountantResponsible for all aspects of costing, including maintaining and analyzing the bill of materials, assisting with developing cost estimates for product lines, and tracking/analyzing business costs. In addition, reviews, corrects, and reconciles general ledger accounts, prepares journal entries, schedules and reports for the monthly Operating Book, and assists in the preparation of audit schedules and annual budget.

2015 | Glossary

Cost AccountantPrepares cost accounting records such as subcontracting, field service, sales costs, and research and development costs. Computes project costs, compares actual costs to estimates and analyzes variances. Audit DirectorSupervises the most difficult and sensitive internal and/or external financial, operations and compliance audits and evaluates the work of other advanced-level auditors so that audits are in compliance with accepted accounting/auditing principles and standards within state and federal laws. Represents the highest-level audit supervisory class. Directs, assigns and controls workflow; effectively recommends hiring and disciplinary actions, writes and revises position descriptions and conducts performance evaluations. Advanced Degrees and/or professional certifications are assumed at this level.

Audit ManagerDirects review and verification of records, compliance with standards, policies and procedures. Develops audit procedures and systems. Oversees audit findings and recommendations. Supervises internal audit staff. Advanced Degrees and/or professional certifications are assumed at this level.

Audit SeniorConducts complex audit projects. Reviews records for accuracy and conformance to standards. Inspects financial or operational information to ensure procedures are correct and appropriate. Compiles audit findings and recommends revisions to systems and procedures.

AuditorConducts audits to verify accuracy of records, compliance with standards, policies and procedures. Compiles audit findings and recommendations for modifications and improvements to systems and procedures.

Manager of Cost, Financial or Budget Analysis*Plans and directs analysis of financial data. Provides assessment of existing and proposed financial plans and policies. Proposes changes to ensure organization achieves financial targets. Advanced Degrees and/or professional certifications are assumed at this level.

Senior Financial AnalystAnalyzes complex financial data and compiles reports. Provides recommendations to management for establishing and achieving profit objectives. Assesses alternatives and overall financial performance to suggest appropriate course of action. May train or mentor junior staff.

2015 | Glossary

Financial AnalystAnalyzes financial data, compiles reports and prepares recommendations to management. Develops business plans and forecasts budget comparisons, profit analysis, and other financial reports.

Full Charge BookkeeperMaintains general ledger through trial balances. Prepares monthly and yearly adjustments and accruals, and prepares financial statements with limited supervision.

BookkeeperRecords organization’s business transactions and retains all accounting records. Posts, verifies, and reconciles accounts payable, accounts receivable, expenses, payroll, or other ledger accounts. Prepares statements, invoices, and vouchers. Submits reports of business financial operations.

Accounts Payable/Receivable ManagerOversees accounts payable record keeping. 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.

Payroll ManagerManages the preparation, distribution, and reporting processes for payroll. Oversees the calculation of wages, overtime, and deductions to ensure compliance with federal and state laws. Ensures that payments and government reports are disbursed accurately and in a timely manner. Establishes policies and procedures for the payroll function.

Billing ManagerOversees the billing function to ensure invoicing is completed accurately and on time. Provides work direction and review for billing clerks. Manages the processing and calculation of billing costs consistent with company policy and procedure. Prepares reports of billing activity for management.

Accounting ClerkVerifies and posts transactions to journals, ledgers and other records. Prepares statements, invoices and vouchers. May handle balancing and reconciliations. May specialize in one area of the accounting function. Requires understanding of bookkeeping procedures.

Accounts Payable ClerkOversee accounts payable record keeping. 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.

2015 | Glossary

Accounts Receivable ClerkReviews invoices for accuracy and completeness. Sorts documents by account name or number and processes invoices for payment. May perform other basic clerical duties associated with accounts payable. May post transactions to journals, ledgers and other records. Requires understanding of bookkeeping procedures.

Payroll ClerkComputes payroll; has knowledge of hourly, weekly, etc. wage calculation, deduction rates and limits. Has ability to reconcile automated output to source data; may possess specific software and service bureau experience.

Billing ClerkReviews billing data from charge or sales slips and purchase orders to ensure amounts and account numbers are accurate. Calculates billing charges, and assigns billing numbers for tracking purposes. Prepares invoices and bills of lading. Submits invoices for supervisory approval of charges and credit terms.

Credit and Collections ManagerDirects and coordinates all collection activities and supervises collections staff. Responsible for obtaining updates and remaining current on legal issues and proper documentation involved with collection of delinquent accounts.

Commercial CollectorInitiates appropriate collection action on delinquent accounts and manages orders on specific delinquent accounts, negotiates payments on past due dollars as well as plans to ensure new dollars are paid in a timely manner, processes the daily orders within department guidelines for specified delinquent accounts, works with the Credit Team, the Accounts Receivable Team, the Sales Team and all other departments within the company to ensure customer issues are addressed appropriately. Also identifies and prepares accounts for outside collection efforts once all in-house avenues have been exhausted.

2015 | Glossary

About Creative Financial Staffing

Creative Financial Staffing (CFS) is the world’s largest staffing company specializing exclusively in the placement of accounting and financial professionals.

Founded in 1994, CFS is unique in that it is the only temporary and permanent staffing agency in the world to be founded by leading accounting firms.

Our large network of CPA firms provides us with resources that help us better understand our client’s needs, attract a higher caliber of candidates, and assess candidate potential.

Temporary Staffing ServicesOur Temporary Staffing solutions cover a broad range of financial disciplines and talent levels - from accounting clerks to CFOs. All of our temporary employees are personally interviewed and referenced in order to help us make the best possible placements for our clients.

Executive Search ExpertiseCFS specializes in Accounting and Finance permanent/executive search services. We recruit top talent from mid level accounting positions to senior and executive level managers. We offer the following services to customize our clients’ search based on their unique needs:• At length discussions to determine the skills,

knowledge, and abilities required for the position• Assistance with defining a compensation plan for

the position• A rigorous screening process involving personal

interviews, professional references, and employment and degree verification to develop a short list of qualified candidates

• Assistance with making the final offer

CFS Guarantees Your SatisfactionClient and recruit satisfaction is the most important part of our business, and we work hard to ensure that each placement we make is the absolute best.

Our promise of excellence applies to all of our temporary and permanent placements. We do what we say we’ll do by servicing our clients and recruits with a level of quality that is second to none.

Project Support & Interim Management ServicesNon-stop support for interim management. With over 21 years of experience in the consulting and accounting staffing industry, we know how to fit the right person into the right environment. Our consultants will help match your needs and skills with the needs and culture of our clients.

To locate the office closest to you, visit us at www.cfstaffing.com.

2015 Salary Guide

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Transcript of 2015 Salary Guide