Creative Financial Staffing. Managed by professional accounting firms Salary Guide.

Transcription

1 Managed by professional accounting firms 2014 Salary Guide om

2 2014 CFS Salary Guide The 2014 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 2014 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. SAMPLE RECORD 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. Company Size Definitions Small Companies: Companies with revenues up to $100 Million. Medium Companies: Companies with revenues between $100 Million and $500 Million. Large Companies: Companies with revenues in excess of $500 Million.

4 2014 National Salaries Large Companies CFO/Treasurer* Under $217,250 $217,250 - $326,000 Over $326,000 VP of Finance* Under $162,000 $162,000 - $270,000 Over $270,000 Controller* Under $136,750 $136,750 - $191,250 Over $191,250 Assistant Controller* Under $98,500 $98,500 - $142,000 Over $142,000 General Accounting Department Accounting Manager Under $87,500 $87,500 - $109,250 Over $109,250 Senior Accountant Under $71,000 $71,000 - $81,750 Over $81,750 Staff Accountant (1-3 years) Under $54,750 $54,750 - $65,750 Over $65,750 Staff Accountant (up to 1 year) Under $43,500 $43,500 - $54,500 Over $54,500 Tax Department Director of Tax* Under $174,000 $174,000 - $217,250 Over $217,250 Tax Manager Under $114,500 $114,500 - $147,250 Over $147,250 Tax Senior Under $82,000 $82,000 - $98,500 Over $98,500 Tax Accountant (1-3 years) Under $60,250 $60,250 - $76,750 Over $76,750 Tax Accountant (up to 1 year) Under $49,250 $49,250 - $60,000 Over $60,000 Cost Accounting Department Cost Accounting Manager Under $92,750 $92,750 - $114,750 Over $114,750 Senior Cost Accountant Under $71,250 $71,250 - $82,000 Over $82,000 Cost Accountant (1-3 years) Under $60,250 $60,250 - $71,250 Over $71,250 Cost Accountant (up to 1 year) Under $49,000 $49,000 - $60,000 Over $60,000 *Bonuses and incentives are a significant part of overall compensation at these levels and are not included in the CFS salary ranges.

5 2014 National Salaries Large Companies Internal Audit Department Internal Audit Director Under $184,500 $184,500 - $228,250 Over $228,250 Internal Audit Manager Under $109,250 $109,250 - $136,500 Over $136,500 Internal Audit Senior Under $73,750 $73,750 - $98,250 Over $98,250 Internal Auditor (1-3 years) Under $60,250 $60,250 - $76,500 Over $76,500 Internal Auditor (up to 1 year) Under $49,250 $49,250 - $60,000 Over $60,000 Analysis Manager of Cost, Financial or Budget Analysis Under $98,250 $98,250 - $120,000 Over $120,000 Senior Cost, Financial or Budget Analyst Under $71,250 $71,250 - $93,000 Over $93,000 Cost, Financial or Budget Analyst Under $60,250 $60,250 - $71,250 Over $71,250 Operations AP/AR Manager Under $60,000 $60,000 - $76,250 Over $76,250 Payroll Manager Under $66,500 $66,500 - $87,250 Over $87,250 Billing Manager Under $60,000 $60,000 - $76,250 Over $76,250 AP/AR Clerk Under $40,750 $40,750 - $46,500 Over $46,500 Payroll Clerk Under $38,000 $38,000 - $43,250 Over $43,250 Billing Clerk Under $38,000 $38,000 - $43,500 Over $43,500 Credit & Collections Credit & Collections Manager Under $65,250 $65,250 - $87,250 Over $87,250 Commercial Collector Under $38,000 $38,000 - $57,000 Over $57,000

6 2014 National Salaries Medium Companies CFO/Treasurer* Under $163,000 $163,000 - $271,500 Over $271,500 VP of Finance* Under $135,000 $135,000 - $216,000 Over $216,000 Controller* Under $119,750 $119,750 - $169,000 Over $169,000 Assistant Controller* Under $93,000 $93,000 - $126,000 Over $126,000 General Accounting Department Accounting Manager Under $76,500 $76,500 - $98,500 Over $98,500 Senior Accountant Under $65,500 $65,500 - $76,500 Over $76,500 Staff Accountant (1-3 years) Under $49,250 $49,250 - $60,250 Over $60,250 Staff Accountant (up to 1 year) Under $38,250 $38,250 - $49,000 Over $49,000 Tax Department Director of Tax* Under $152,000 $152,000 - $195,500 Over $195,500 Tax Manager Under $98,250 $98,250 - $130,750 Over $130,750 Tax Senior Under $73,750 $73,750 - $90,000 Over $90,000 Tax Accountant (1-3 years) Under $54,500 $54,500 - $65,500 Over $65,500 Tax Accountant (up to 1 year) Under $43,500 $43,500 - $54,500 Over $54,500 Cost Accounting Department Cost Accounting Manager Under $81,500 $81,500 - $103,250 Over $103,250 Senior Cost Accountant Under $65,250 $65,250 - $76,000 Over $76,000 Cost Accountant (1-3 years) Under $54,250 $54,250 - $65,250 Over $65,250 Cost 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 at these levels and are not included in the CFS salary ranges.

7 2014 National Salaries Medium Companies Internal Audit Department Internal Audit Director Under $163,250 $163,250 - $190,500 Over $190,500 Internal Audit Manager Under $95,750 $95,750 - $123,250 Over $123,250 Internal Audit Senior Under $71,500 $71,500 - $87,750 Over $87,750 Internal Auditor (1-3 years) Under $54,750 $54,750 - $65,750 Over $65,750 Internal Auditor (up to 1 year) Under $43,500 $43,500 - $54,500 Over $54,500 Analysis Manager of Cost, Financial or Budget Analysis Under $87,000 $87,000 - $108,750 Over $108,750 Senior Cost, Financial or Budget Analyst Under $65,250 $65,250 - $87,000 Over $87,000 Cost, Financial or Budget Analyst Under $54,000 $54,000 - $65,000 Over $65,000 Operations AP/AR Manager Under $49,000 $49,000 - $63,250 Over $63,250 Payroll Manager Under $60,000 $60,000 - $71,000 Over $71,000 Billing Manager Under $54,250 $54,250 - $65,250 Over $65,250 AP/AR Clerk Under $38,250 $38,250 - $43,500 Over $43,500 Payroll Clerk Under $35,500 $35,500 - $40,750 Over $40,750 Billing Clerk Under $35,250 $35,250 - $40,750 Over $40,750 Credit & Collections Credit & Collections Manager Under $60,000 $60,000 - $71,000 Over $71,000 Commercial Collector Under $35,500 $35,500 - $49,000 Over $49,000

8 2014 National Salaries Small Companies CFO/Treasurer* Under $135,500 $135,500 - $216,750 Over $216,750 VP of Finance* Under $108,750 $108,750 - $162,750 Over $162,750 Controller* Under $98,500 $98,500 - $126,000 Over $126,000 Assistant Controller* Under $76,750 $76,750 - $98,750 Over $98,750 General Accounting Department Accounting Manager Under $65,750 $65,750 - $76,750 Over $76,750 Senior Accountant Under $60,250 $60,250 - $71,250 Over $71,250 Staff Accountant (1-3 years) Under $43,750 $43,750 - $54,750 Over $54,750 Staff Accountant (up to 1 year) Under $38,250 $38,250 - $43,500 Over $43,500 Tax Department Tax Manager Under $81,750 $81,750 - $114,500 Over $114,500 Tax Senior Under $65,500 $65,500 - $81,750 Over $81,750 Tax Accountant (1-3 years) Under $49,250 $49,250 - $60,000 Over $60,000 Tax Accountant (up to 1 year) Under $43,500 $43,500 - $51,750 Over $51,750 Cost Accounting Department Cost Accounting Manager Under $70,750 $70,750 - $92,500 Over $92,500 Senior Cost Accountant Under $59,750 $59,750 - $70,750 Over $70,750 Cost Accountant (1-3 years) Under $49,000 $49,000 - $59,750 Over $59,750 Cost Accountant (up to 1 year) Under $38,000 $38,000 - $48,750 Over $48,750 *Bonuses and incentives are a significant part of overall compensation at these levels and are not included in the CFS salary ranges.

9 2014 National Salaries Small Companies Internal Audit Department Internal Audit Director Under $119,750 $119,750 - $152,500 Over $152,500 Internal Audit Manager Under $82,000 $82,000 - $109,500 Over $109,500 Internal Audit Senior Under $65,750 $65,750 - $82,250 Over $82,250 Internal Auditor (1-3 years) Under $49,250 $49,250 - $60,250 Over $60,250 Internal Auditor (up to 1 year) Under $43,500 $43,500 - $52,000 Over $52,000 Analysis Manager of Cost, Financial or Budget Analysis Under $76,250 $76,250 - $98,250 Over $98,250 Senior Cost, Financial or Budget Analyst Under $60,000 $60,000 - $81,500 Over $81,500 Cost, Financial or Budget Analyst Under $48,750 $48,750 - $59,750 Over $59,750 Operations Full Charge Bookkeeper Under $49,000 $49,000 - $57,750 Over $57,750 Bookkeeper Under $38,000 $38,000 - $44,250 Over $44,250 AP/AR Manager Under $43,250 $43,250 - $54,250 Over $54,250 Payroll Manager Under $51,750 $51,750 - $65,250 Over $65,250 Accounting Clerk Under $32,750 $32,750 - $43,500 Over $43,500 AP/AR Clerk Under $32,750 $32,750 - $38,250 Over $38,250 Payroll Clerk Under $32,750 $32,750 - $38,000 Over $38,000 Billing Clerk Under $32,750 $32,750 - $38,000 Over $38,000 Credit & Collections Credit & Collections Manager Under $51,750 $51,750 - $65,250 Over $65,250 Commercial Collector Under $32,750 $32,750 - $43,250 Over $43,250

10 2014 National Salaries Public 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. Large Firms Senior Manager/Director* Under $119,500 $119,500 - $185,000 Over $185,000 Manager* Under $92,250 $92,250 - $125,000 Over $125,000 Senior (3+ years) Under $73,000 $73,000 - $88,000 Over $88,000 Staff (up to 3 years) Under $54,000 $54,000 - $70,500 Over $70,500 Medium Firms Senior Manager/Director* Under $108,750 $108,750 - $152,250 Over $152,250 Manager* Under $87,000 $87,000 - $108,750 Over $108,750 Senior (3+ years) Under $65,250 $65,250 - $81,500 Over $81,500 Staff (up to 3 years) Under $48,750 $48,750 - $59,500 Over $59,500 Small Firms Senior Manager/Director* Under $98,000 $98,000 - $119,500 Over $119,500 Manager* Under $76,000 $76,000 - $97,750 Over $97,750 Senior (3+ years) Under $59,750 $59,750 - $70,500 Over $70,500 Staff (up to 3 years) Under $43,000 $43,000 - $54,000 Over $54,000 *Bonuses and incentives are a significant part of overall compensation at these levels and are not included in the CFS salary ranges.

11 2014 Local Market Multipliers The 2014 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. Akron 0.94 Los Angeles 1.18 Atlanta 1.05 Nashville 0.91 Bakersfield 0.94 New Jersey 1.19 Baltimore 1.02 New York 1.34 Boston 1.23 Madison 0.93 Canton 0.87 Minneapolis 1.04 Chicago 1.09 Orlando 0.90 Cleveland 0.95 Pittsburgh 0.95 Columbus 0.96 Portland 1.00 Dallas 1.04 San Antonio 0.92 Denver 1.02 San Francisco 1.27 Ft. Lauderdale 0.96 Seattle 1.00 Ft. Wayne 0.90 Shelton 0.99 Grand Rapids 0.92 South Bend 0.87 Hartford 1.05 Tampa 0.94 Houston 1.06 Washington, D.C Indianapolis 0.97 Example: Senior Cost Accountant - Large Company - Boston National Salary: $71,250-$82,000 Local Market Multiplier: 1.23 $71,250 x 1.23=$87,500 $82,000 x 1.23=$101,000 Local Salary: *$85,750-$101,000 * All local salaries are then rounded to the nearest 250. Some are slightly adjusted based on internal data collected.

12 2014 Canton Local Salaries Large Companies CFO/Treasurer* Under $189,000 $189,000 - $283,500 Over $283,500 VP of Finance* Under $140,750 $140,750 - $235,000 Over $235,000 Controller* Under $119,000 $119,000 - $166,500 Over $166,500 Assistant Controller* Under $85,750 $85,750 - $123,500 Over $123,500 General Accounting Department Accounting Manager Under $76,000 $76,000 - $95,000 Over $95,000 Senior Accountant Under $61,750 $61,750 - $71,250 Over $71,250 Staff Accountant (1-3 years) Under $47,750 $47,750 - $57,250 Over $57,250 Staff Accountant (up to 1 year) Under $38,000 $38,000 - $47,500 Over $47,500 Tax Department Director of Tax* Under $151,250 $151,250 - $189,000 Over $189,000 Tax Manager Under $99,500 $99,500 - $128,000 Over $128,000 Tax Senior Under $71,500 $71,500 - $85,750 Over $85,750 Tax Accountant (1-3 years) Under $52,250 $52,250 - $66,750 Over $66,750 Tax Accountant (up to 1 year) Under $42,750 $42,750 - $52,250 Over $52,250 Cost Accounting Department Cost Accounting Manager Under $80,750 $80,750 - $99,750 Over $99,750 Senior Cost Accountant Under $62,000 $62,000 - $71,500 Over $71,500 Cost Accountant (1-3 years) Under $52,250 $52,250 - $62,000 Over $62,000 Cost Accountant (up to 1 year) Under $42,500 $42,500 - $52,250 Over $52,250 *Bonuses and incentives are a significant part of overall compensation at these levels and are not included in the CFS salary ranges.

13 2014 Canton Local Salaries Large Companies Internal Audit Department Internal Audit Director Under $160,500 $160,500 - $198,500 Over $198,500 Internal Audit Manager Under $95,000 $95,000 - $118,750 Over $118,750 Internal Audit Senior Under $64,000 $64,000 - $85,500 Over $85,500 Internal Auditor (1-3 years) Under $52,250 $52,250 - $66,500 Over $66,500 Internal Auditor (up to 1 year) Under $42,750 $42,750 - $52,250 Over $52,250 Analysis Manager of Cost, Financial or Budget Analysis Under $85,500 $85,500 - $104,500 Over $104,500 Senior Cost, Financial or Budget Analyst Under $62,000 $62,000 - $81,000 Over $81,000 Cost, Financial or Budget Analyst Under $52,250 $52,250 - $62,000 Over $62,000 Operations AP/AR Manager Under $52,250 $52,250 - $66,250 Over $66,250 Payroll Manager Under $58,000 $58,000 - $75,750 Over $75,750 Billing Manager Under $52,250 $52,250 - $66,250 Over $66,250 AP/AR Clerk Under $35,500 $35,500 - $40,500 Over $40,500 Payroll Clerk Under $33,000 $33,000 - $37,750 Over $37,750 Billing Clerk Under $33,000 $33,000 - $38,000 Over $38,000 Credit & Collections Credit & Collections Manager Under $56,750 $56,750 - $75,750 Over $75,750 Commercial Collector Under $33,000 $33,000 - $49,750 Over $49,750

14 2014 Canton Local Salaries Medium Companies CFO/Treasurer* Under $141,750 $141,750 - $236,250 Over $236,250 VP of Finance* Under $117,250 $117,250 - $188,000 Over $188,000 Controller* Under $104,250 $104,250 - $147,000 Over $147,000 Assistant Controller* Under $81,000 $81,000 - $109,500 Over $109,500 General Accounting Department Accounting Manager Under $66,500 $66,500 - $85,750 Over $85,750 Senior Accountant Under $57,000 $57,000 - $66,500 Over $66,500 Staff Accountant (1-3 years) Under $42,750 $42,750 - $52,250 Over $52,250 Staff Accountant (up to 1 year) Under $33,250 $33,250 - $42,500 Over $42,500 Tax Department Director of Tax* Under $132,250 $132,250 - $170,250 Over $170,250 Tax Manager Under $85,500 $85,500 - $113,750 Over $113,750 Tax Senior Under $64,000 $64,000 - $78,250 Over $78,250 Tax Accountant (1-3 years) Under $47,500 $47,500 - $57,000 Over $57,000 Tax Accountant (up to 1 year) Under $38,000 $38,000 - $47,500 Over $47,500 Cost Accounting Department Cost Accounting Manager Under $71,000 $71,000 - $89,750 Over $89,750 Senior Cost Accountant Under $56,750 $56,750 - $66,000 Over $66,000 Cost Accountant (1-3 years) Under $47,250 $47,250 - $56,750 Over $56,750 Cost Accountant (up to 1 year) Under $37,750 $37,750 - $47,000 Over $47,000 *Bonuses and incentives are a significant part of overall compensation at these levels and are not included in the CFS salary ranges.

15 2014 Canton Local Salaries Medium Companies Internal Audit Department Internal Audit Director Under $142,000 $142,000 - $165,750 Over $165,750 Internal Audit Manager Under $83,250 $83,250 - $107,250 Over $107,250 Internal Audit Senior Under $62,000 $62,000 - $76,250 Over $76,250 Internal Auditor (1-3 years) Under $47,750 $47,750 - $57,250 Over $57,250 Internal Auditor (up to 1 year) Under $38,000 $38,000 - $47,500 Over $47,500 Analysis Manager of Cost, Financial or Budget Analysis Under $75,750 $75,750 - $94,500 Over $94,500 Senior Cost, Financial or Budget Analyst Under $56,750 $56,750 - $75,750 Over $75,750 Cost, Financial or Budget Analyst Under $47,000 $47,000 - $56,500 Over $56,500 Operations AP/AR Manager Under $42,500 $42,500 - $55,000 Over $55,000 Payroll Manager Under $52,250 $52,250 - $61,750 Over $61,750 Billing Manager Under $47,250 $47,250 - $56,750 Over $56,750 AP/AR Clerk Under $33,250 $33,250 - $38,000 Over $38,000 Payroll Clerk Under $30,750 $30,750 - $35,500 Over $35,500 Billing Clerk Under $30,500 $30,500 - $35,500 Over $35,500 Credit & Collections Credit & Collections Manager Under $52,250 $52,250 - $61,750 Over $61,750 Commercial Collector Under $30,750 $30,750 - $42,500 Over $42,500

16 2014 Canton Local Salaries Small Companies CFO/Treasurer* Under $117,750 $117,750 - $188,500 Over $188,500 VP of Finance* Under $94,500 $94,500 - $141,500 Over $141,500 Controller* Under $85,750 $85,750 - $109,500 Over $109,500 Assistant Controller* Under $66,750 $66,750 - $85,750 Over $85,750 General Accounting Department Accounting Manager Under $57,250 $57,250 - $66,750 Over $66,750 Senior Accountant Under $52,250 $52,250 - $62,000 Over $62,000 Staff Accountant (1-3 years) Under $38,250 $38,250 - $47,750 Over $47,750 Staff Accountant (up to 1 year) Under $33,250 $33,250 - $38,000 Over $38,000 Tax Department Tax Manager Under $71,250 $71,250 - $99,500 Over $99,500 Tax Senior Under $57,000 $57,000 - $71,250 Over $71,250 Tax Accountant (1-3 years) Under $42,750 $42,750 - $52,250 Over $52,250 Tax Accountant (up to 1 year) Under $38,000 $38,000 - $45,000 Over $45,000 Cost Accounting Department Cost Accounting Manager Under $61,500 $61,500 - $80,500 Over $80,500 Senior Cost Accountant Under $52,000 $52,000 - $61,500 Over $61,500 Cost Accountant (1-3 years) Under $42,500 $42,500 - $52,000 Over $52,000 Cost Accountant (up to 1 year) Under $33,000 $33,000 - $42,250 Over $42,250 *Bonuses and incentives are a significant part of overall compensation at these levels and are not included in the CFS salary ranges.

17 2014 Canton Local Salaries Small Companies Internal Audit Department Internal Audit Director Under $104,250 $104,250 - $132,750 Over $132,750 Internal Audit Manager Under $71,500 $71,500 - $95,250 Over $95,250 Internal Audit Senior Under $57,250 $57,250 - $71,750 Over $71,750 Internal Auditor (1-3 years) Under $42,750 $42,750 - $52,250 Over $52,250 Internal Auditor (up to 1 year) Under $38,000 $38,000 - $45,250 Over $45,250 Analysis Manager of Cost, Financial or Budget Analysis Under $66,250 $66,250 - $85,500 Over $85,500 Senior Cost, Financial or Budget Analyst Under $52,250 $52,250 - $71,000 Over $71,000 Cost, Financial or Budget Analyst Under $42,250 $42,250 - $52,000 Over $52,000 Operations Full Charge Bookkeeper Under $42,500 $42,500 - $50,250 Over $50,250 Bookkeeper Under $33,000 $33,000 - $38,500 Over $38,500 AP/AR Manager Under $37,750 $37,750 - $47,250 Over $47,250 Payroll Manager Under $45,000 $45,000 - $56,750 Over $56,750 Accounting Clerk Under $28,500 $28,500 - $38,000 Over $38,000 AP/AR Clerk Under $28,500 $28,500 - $33,250 Over $33,250 Payroll Clerk Under $28,500 $28,500 - $33,000 Over $33,000 Billing Clerk Under $28,500 $28,500 - $33,000 Over $33,000 Credit & Collections Credit & Collections Manager Under $45,000 $45,000 - $56,750 Over $56,750 Commercial Collector Under $28,500 $28,500 - $37,750 Over $37,750

18 2014 Glossary The Glossary provides the definition of the financial and accounting positions and terminology used throughout the 2014 CFS Salary Guide.

19 2014 Glossary Chief Financial Officer/Treasurer Directs 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 Finance Directs 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. Controller Directs 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 Controller Supports 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 Manager Manages 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 Senior Establishes, 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.

20 2014 Glossary Staff Accountant Prepares 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 Tax Coordinates 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 Manager Establishes 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 Senior Completes 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 Accountant Completes professional tax accounting activities for an organization. Sets up and retains organization s tax records. Files tax returns and prepares related reports. Cost Accounting Manager Manages the preparation of cost accounting records. Designs and implements cost control procedures. Senior Cost Accountant Responsible 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.

21 2014 Glossary Cost Accountant Prepares 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 Director Supervises 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 Manager Directs 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 Senior Conducts 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. Auditor Conducts 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 Analyst Analyzes 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.

22 2014 Glossary Financial Analyst Analyzes financial data, compiles reports and prepares recommendations to management. Develops business plans and forecasts budget comparisons, profit analysis, and other financial reports. Full Charge Bookkeeper Maintains general ledger through trial balances. Prepares monthly and yearly adjustments and accruals, and prepares financial statements with limited supervision. Bookkeeper Records 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 Manager Oversees 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 Manager Manages 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 Manager Oversees 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 Clerk Verifies 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 Clerk Oversee 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.

23 2014 Glossary Accounts Receivable Clerk Reviews 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 Clerk Computes 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 Clerk Reviews 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 Manager Directs 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 Collector Initiates 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.

24 About (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 function as a fully integrated unit of leading accounting firms. This affiliation gives us a distinct advantage: We are connected. Through financial and accounting networking, CFS has built an exceptional pool of candidates to help solve our clients staffing needs fast. CFS Guarantees Your Satisfaction Client 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. Temporary Staffing Services Our 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. Project Support & Interim Management Services Non-stop support for interim management. With over 20 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. Executive Search Expertise CFS 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 To locate the office closest to you, visit us at.