2015 Salary Guide for Accounting & Finance Professionals

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1 2015 Salary Guide for Accounting & Finance Professionals

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3 from every possible angle Let s look at salaries To succeed in the increasingly competitive world of accounting and finance, you must be more than a one-dimensional professional. Today, the top people in our industry are those who align the technical skills required for the job with the right mix of social and professional characteristics that move an organization forward from a holistic perspective adding a diversity of thought, experiences, and viewpoints. However, professionals like this are becoming increasingly selective about where they want to work, and our clients are discovering that it takes much more effort to find the people they need. It stands to reason that to successfully identify, evaluate, attract and engage multi-dimensional talent, you need to take a multi-dimensional approach. Trends show that companies with the most effective recruiting and retention strategies are those that take a more universal look at the process by considering things like social media, generational differences, cultural fit and work/life balance. However, identifying the talent that improves your organization s operational and cultural performance is only part of the struggle. You must also offer appropriate compensation and opportunities for training, advancement and enrichment. After all, if you ve invested so much in searching for the perfect employees, it s important to keep them happy and away from your competition. With all of this in mind, we created our 2015 Salary Guide to give you a 360 look at salary and industry trends. In addition to being the premier resource for national, local and regional salary data, it also should give you a greater understanding of and appreciation for what goes into recruiting and retaining today s top talent. We hope it helps you approach your salary discussions from a whole new angle. John Marshall III, President Perspective 2 About the Salaries 4 Salaries 6 Variances 5 Clerks 6 Operational & Financial Support 6 Supervisors 8 Mid-Level Managers 8 Executive & Senior Managers 9 Public Accounting 9 Financial Services 10 Job Descriptions 12

4 Get a well-rounded perspective Throughout the year, we carefully study data from the Bureau of Labor Statistics and survey numerous finance and accounting professionals to identify industry, workplace and compensation trends then we share the results with you. Here are some of our most recent findings. Offer a bonus 56 % programs, such as bonuses, in the coming year. of employers plan to improve variable pay To compete for top talent, employers are already offering: Signing bonus 74% Referral bonus 63% Spot bonus 60% All of these 29% Retention bonus 51% Offer opportunities for growth 63 % development programs in the coming year. of companies plan to improve their career Look for higher education By 2022, jobs requiring a master s degree will grow by 18%. While the MBA is still the standard for postgraduate business degrees, in the coming year, employers plan to look in other directions as well: plan to hire more Master in Management grads 42 % plan to hire more Master of Accounting grads 37 % plan to hire more Master of Finance grads 32 % 2

5 Engage your employees Not only do engaged employees generate more work, they generate more money, too. Engaged employees are more than more productive than disengaged employees 20 % 22 % Engaged employees increase a company s profitability by Disengaged employees cost businesses $ 450 billion per year Recruit these people now (before your competition does) These are expected to be the fastest growing accounting and finance jobs through 2022 (by total job gains projected). Bookkeeping, accounting, and auditing clerks 204,600 Accountants and auditors 166,700 Financial analysts 133,800 Get on social media Your company should be using social media to connect with and recruit today s CPAs here s where they are: 90% LinkedIn 75% Facebook 45% Twitter 30% Google+ To keep up with our survey findings in real time, join our social networks: linkedin.com/company/parker-and-lynch 3

6 in this guide About the salaries The figures in this 2015 Salary Guide are based on national averages compiled through Parker + Lynch s partnership with CareerBliss, a career community dedicated to helping people find happiness in the workplace and in life. CareerBliss has millions of salary reports from real employees that are aggregated and formatted to be helpful to employers and employees alike, and their work has been featured on CNN, CNBC, Fox Business, Forbes and many other media outlets. To further validate the data, each office in the Parker + Lynch nationwide branch network compared the figures with their own internal data, as well as that of local clients and accounting and finance professionals in their market. Based on that review, the figures were revised to ensure local accuracy. This comprehensive approach results in more regionally accurate data than the public data that is found in other salary guides. Salaries may be affected by many factors, including company size, benefits offered, location, educational requirements and local supply/demand trends. The accurate, up-to-date data in our guide is broken into the categories below. Average base salary by company size Small: Based on less than $50 million in annual sales, all industries. This figure represents the national average. Medium: Based on $50-$200 million in annual sales, all industries. This figure represents the national average. Large: Based on greater than $200 million in annual sales, all industries. This figure represents the national average. Base salary Low: Based on all company sizes and industries. Only 10% of the national workforce is paid below this figure. High: Based on all company sizes and industries. Only 10% of the national workforce is paid above this figure. Average: Based on all company sizes and industries. This figure represents the national average. Total cash compensation Low: Based on all company sizes and industries. Includes annual cash incentives. Only 10% of the national workforce is below this figure. High: Based on all company sizes and industries. Includes annual cash incentives. Only 10% of the national workforce is above this figure. Average: Based on all company sizes and industries. Includes annual cash incentives. This figure represents the national average. For more information on salary trends in your area, please contact your local Parker + Lynch representative today. 4

7 Variances for specific job markets We realize that salaries in your city may not be the same as salaries in other areas of the country. That s why we ve provided variances for all of the key markets throughout the U.S. These variances provide the most accurate salary ranges for your specific job market. Simply take the average base salary for the position you are researching, and multiply it by the variance for your local area. Here s an example: A Staff Accountant has an average base salary of $54,257. The company is based in San Diego, CA, which has a local variance of %. Here is the calculation you should use: $54,257 x % = $59,520 The salary for San Diego would be $59,520. AZ Mesa % Phoenix % CA Burbank % East Bay % Los Angeles % Ontario % Newport Beach % Sacramento % San Diego % San Francisco % San Gabriel % San Mateo % Torrance % West Los Angeles % Woodland Hills % CO Denver % DC Washington % FL Fort Lauderdale % Jacksonville % Miami % Orlando % Tampa % West Palm Beach % GA Atlanta % Columbus % IL Chicago % Deerfield % Oakbrook Terrace % Schaumburg % IN Indianapolis % KS Overland Park % KY Louisville % MA Boston % MD Baltimore % MI Detroit % MN Minneapolis % MO Kansas City % St. Louis % NC Charlotte % Greensboro % Raleigh % NJ Edison % Paramus % Parsippany % Princeton % NM Albuquerque % NV Las Vegas % NY Long Island % New York % OH Cincinnati % Cleveland % Columbus % OK Oklahoma City % Tulsa % OR Portland % PA King of Prussia % Philadelphia % Pittsburgh % TN Knoxville % Nashville % TX Austin % Downtown Dallas % North Dallas % Fort Worth % Houston % VA McLean % Norfolk % Richmond % WA Bellevue % Seattle % WI Milwaukee % National variances are based on salary averages. Increases and decreases of demand for certain positions may impact this percentage. 5

8 2015 Salaries Clerks Average base salary by company size Base salary Total cash compensation Small Medium Large Low High Average Low High Average Accounting Clerk 32,240 32,530 34,288 25,833 39,935 32,297 26,184 40,844 32,917 Accounts Payable Clerk 31,057 35,153 37,474 26,609 42,322 34,475 26,963 43,148 35,150 Accounts Receivable Clerk 32,101 35,180 40,079 27,226 43,247 36,321 27,394 44,191 36,720 Billing Clerk 33,377 37,055 40,517 26,529 42,153 34,578 26,803 42,976 34,767 Cash Applications Clerk 40,275 42,956 46,496 35,308 55,136 43,807 37,223 60,906 49,363 Credit & Collections Clerk 31,447 32,135 35,279 21,346 38,080 29,617 21,698 40,455 30,335 Payroll Clerk 35,100 38,679 41,991 29,013 45,194 36,186 29,287 45,599 36,779 Operational + Financial Support Average base salary by company size Base salary Total cash compensation Small Medium Large Low High Average Low High Average Accountant 42,353 45,112 48,379 37,002 54,013 44,836 37,608 55,479 45,720 Accountant, Sr. 63,751 66,698 68,982 52,742 79,617 64,971 53,233 83,261 67,471 Accounts Payable Specialist 34,065 36,188 39,947 27,796 45,442 37,068 27,920 53,225 38,081 Accounts Payable Specialist, Sr. 41,294 46,350 48,773 34,486 59,830 45,646 35,406 61,689 47,623 Accounts Receivable Specialist 34,292 35,634 41,005 28,108 46,153 37,332 29,235 53,520 38,641 Accounts Receivable Specialist, Sr. 39,767 46,775 49,300 35,328 60,159 47,308 36,860 62,059 50,265 All salaries in USD 6 Learn more at parkerlynch.com/salaryguide

9 2015 Salary Guide Parker + Lynch Salaries Operational + Financial Support Continued Average base salary by company size Base salary Total cash compensation Small Medium Large Low High Average Low High Average Billing Specialist 35,061 39,117 42,195 28,730 45,778 36,672 29,683 46,191 38,049 Billing Specialist, Sr. 35,510 40,333 42,463 30,079 47,392 38,298 30,547 48,997 38,513 Bookkeeper 37,380 38,837 40,854 30,072 50,601 39,683 30,295 51,010 40,980 Budget Analyst 49,841 51,175 51,931 39,388 64,133 51,387 40,475 64,394 52,446 Budget Analyst, Sr. 73,994 76,886 79,203 59,180 92,212 75,125 59,660 97,594 77,019 Business Data Analyst 54,602 56,497 59,774 45,156 70,331 58,325 45,252 70,647 58,561 Business Data Analyst, Sr. 80,680 85,426 88,551 69, ,283 85,402 70, ,093 87,826 Collections Specialist 31,629 34,595 39,142 24,175 42,828 33,048 24,239 43,643 33,484 Collections Specialist, Sr. 37,120 41,494 43,882 29,403 47,651 38,150 29,884 49,237 40,129 Compliance Specialist 44,913 45,366 45,940 37,799 52,793 44,753 38,009 57,342 46,242 Compliance Specialist, Sr. 48,264 48,947 50,744 41,479 54,543 48,651 42,534 58,218 49,793 Cost Accountant 46,689 49,112 51,196 39,269 60,465 50,383 39,902 61,942 51,157 Cost Accountant, Sr. 71,030 74,195 76,357 56,781 84,985 71,074 58,150 88,808 73,829 Credit Analyst 44,934 47,958 48,886 35,026 56,215 46,193 37,607 57,927 47,541 Credit Analyst, Sr. 68,071 69,636 71,166 46,186 87,325 67,612 47,552 94,535 70,090 Financial Analyst 49,554 52,052 53,353 39,723 61,076 50,053 40,205 63,225 51,363 Financial Analyst, Sr. 75,004 78,071 80,158 61,317 90,076 75,156 62,365 95,545 78,039 Financial Reporting Accountant 48,390 53,981 55,520 41,714 65,235 51,488 42,001 67,631 53,824 Financial Reporting Accountant, Sr. 74,830 78,820 81,307 57,406 96,522 76,875 59, ,830 80,519 Internal Auditor 50,275 51,906 52,630 41,507 61,966 50,627 41,719 64,488 51,757 Internal Auditor, Sr. 74,797 78,026 79,352 59,580 90,570 75,113 61,978 95,060 77,623 Payroll Specialist 41,224 43,289 45,612 33,785 51,449 41,898 34,439 52,524 42,553 Payroll Specialist, Sr. 43,479 44,324 49,733 34,606 52,875 43,053 34,877 53,828 43,700 Risk Analyst 48,050 48,885 51,566 35,561 63,086 48,115 37,087 67,582 49,242 Risk Analyst, Sr. 76,449 83,974 93,331 59,183 96,050 78,893 63, ,109 82,393 Sarbanes-Oxley Analyst 75,794 82,811 91,553 62, ,373 77,351 63, ,706 81,974 Tax Accountant 49,455 50,164 51,650 38,633 59,592 48,774 39,058 61,873 49,840 Tax Accountant, Sr. 74,814 90,317 95,916 59,999 91,531 75,115 61,832 98,535 79,263 Treasury Analyst 46,091 48,519 50,690 37,335 59,420 47,425 37,368 60,636 48,784 Treasury Analyst, Sr. 69,203 72,351 75,523 55,387 90,137 71,055 56,389 94,598 74,111 All salaries in USD 7

10 2015 Salary Guide Parker + Lynch Salaries Supervisors Average base salary by company size Base salary Total cash compensation Small Medium Large Low High Average Low High Average Accounting Supervisor 69,501 71,328 75,181 52,764 90,594 70,821 53,747 96,032 74,059 Accounts Payable Supervisor 53,891 56,674 60,700 40,554 71,096 56,737 41,928 72,072 59,383 Accounts Receivable Supervisor 51,789 55,249 57,281 38,503 68,852 51,477 39,809 69,324 55,608 Auditing Supervisor 72,389 74,986 77,283 42,821 98,642 73,041 43, ,922 79,249 Billing Supervisor 56,136 57,817 60,860 40,613 77,268 57,229 40,758 79,241 58,572 Cost Accounting Supervisor 70,398 71,954 74,882 47,213 87,735 66,263 47,515 89,728 67,432 Credit & Collections Supervisor 51,104 56,795 61,682 39,515 68,721 52,722 40,441 69,850 53,410 Financial Reporting Supervisor 96,476 99, ,153 77, ,639 99,519 80, , ,699 Payroll Supervisor 61,188 61,972 65,458 46,634 78,196 61,286 46,807 79,475 61,918 Tax Supervisor 68,511 70,014 78,879 47, ,115 72,583 48, ,281 73,495 Mid-Level Managers Average base salary by company size Base salary Total cash compensation Small Medium Large Low High Average Low High Average Accounting Manager 75,886 81,014 97,541 70, ,664 90,010 72, ,054 94,749 Accounts Payable Manager 70,650 75,189 79,064 53,994 96,575 74,030 54, ,202 77,788 Accounts Receivable Manager 70,591 74,140 77,896 53,838 98,506 72,968 54, ,118 76,155 Auditing Manager 106, , ,078 83, , ,307 85, , ,810 Billing Manager 56,248 58,221 60,941 41,706 78,830 57,285 43,511 79,477 58,673 Budget Manager 91,640 92, ,654 71, ,783 96,295 73, , ,132 Compliance Manager 89,883 90,469 93,080 75,567 95,467 79,889 77, ,815 94,329 Cost Accounting Manager 90,409 91, ,694 65, ,321 90,716 65, ,545 97,107 Credit & Collections Manager 75,172 82,307 91,091 54, ,755 76,719 56, ,901 80,743 Finance Manager 69,719 78,040 83,682 44,628 93,826 72,996 46, ,259 80,773 Financial Analysis Manager 94,552 98, ,547 79, , ,124 83, , ,906 Financial Reporting Manager 100, , ,149 49,022 88,547 67,034 49,666 93,082 69,138 Payroll Manager 65,073 69,406 94,609 59, ,132 80,433 62, ,520 85,546 Risk Manager 98, , ,603 72, ,319 98,812 75, , ,637 Sarbanes-Oxley Manager 98, , ,215 76, , ,568 78, , ,724 Tax Manager 102, , ,536 79, , ,578 81, , ,689 All salaries in USD 8 Learn more at parkerlynch.com/salaryguide

11 Executive + Senior Managers Average base salary by company size Base salary Total cash compensation Small Medium Large Low High Average Low High Average Accounting Director 119, , ,852 96, , , , , ,436 Assistant Controller 99, , ,862 79, ,008 96,273 81, , ,594 Assistant Treasurer 102, , ,042 84, , ,857 85, , ,452 Auditing Director 125, , ,763 94, , ,183 97, , ,233 Chief Financial Officer 203, , , , , , , , ,706 Controller 119, , , , , , , , ,949 Finance Director 165, , , , , , , , ,058 Financial Reporting Director 119, , ,843 86, , , , , ,367 Sarbanes-Oxley Director 112, , ,466 91, , ,745 99, , ,201 Tax Director 131, , , , , , , , ,577 Top Audit Executive 150, , , , , , , , ,735 Top Corporate Compliance Executive 179, , , , , , , , ,995 Treasurer 162, , , , , , , , ,697 Public Accounting Average base salary by company size Base salary Total cash compensation Small Medium Large Low High Average Low High Average Staff Accountant 49,592 52,945 57,535 46,220 60,882 54,257 46,641 66,335 55,977 Senior Staff Accountant 74,512 77,194 80,876 59,734 93,976 76,123 61,094 99,949 79,246 Manager 91,001 94,182 96,059 66, ,995 94,590 67, , ,251 Director 119, , ,852 95, , , , , ,008 Partner 142, , , , , , , , ,595 All salaries in USD 9

12 2015 Salary Guide Parker + Lynch Salaries Financial Services Average base salary by company size Base salary Total cash compensation Small Medium Large Low High Average Low High Average Consumer Credit Analyst 40,790 42,726 44,586 34,017 51,073 41,765 34,225 58,617 44,722 Consumer Credit Analyst, Sr. 51,658 54,000 58,642 50,004 72,076 59,164 50,665 78,430 62,823 Consumer Credit Analysis Manager 85,547 93, ,298 61, ,747 86,414 66, ,542 92,302 Consumer Loan Collector 28,137 29,066 30,442 23,667 33,366 28,609 24,883 42,899 29,649 Consumer Loan Collector, Sr. 35,113 36,526 38,385 30,452 42,433 35,984 31,263 49,716 38,885 Consumer Loan Collection Supervisor Consumer Loan Collection Manager Consumer Loan Payment Processing Clerk 44,097 46,236 48,691 37,174 58,555 45,563 38,592 62,043 48,762 72,648 75,486 79,419 55,805 92,525 75,057 58, ,850 91,435 26,721 29,284 32,053 22,288 32,475 27,550 22,530 32,912 27,849 Consumer Loan Processor 31,994 33,445 34,777 25,813 39,400 32,926 26,881 44,454 34,519 Consumer Loan Processor, Sr. 37,798 39,515 41,697 30,852 48,031 38,967 31,430 55,514 40,402 Consumer Loan Processing Supervisor Consumer Loan Processing Manager 48,640 50,698 53,131 40,022 63,568 49,861 40,324 84,158 54,149 59,811 62,715 66,014 46,431 78,429 61,963 48, ,506 71,266 Consumer Loan Servicing Clerk 26,894 27,768 28,883 20,194 35,230 26,975 20,559 37,408 27,027 Consumer Loan Servicing Manager 64,183 68,090 70,454 45,851 88,787 65,905 46,856 99,637 69,713 Mortgage Collector 33,672 34,887 36,541 25,947 41,065 33,804 27,514 41,789 35,273 Mortgage Collector, Sr. 43,223 44,820 46,754 31,662 61,347 43,171 38,713 62,404 46,242 Mortgage Collection Supervisor 43,510 45,032 47,324 37,512 68,973 44,114 40,010 69,741 46,470 Mortgage Collection Manager 73,703 75,671 79,938 46,932 95,566 73,859 48, ,545 76,513 Mortgage Credit Analyst 51,812 53,676 56,150 39,000 54,384 47,329 40,997 63,443 49,904 Mortgage Credit Analyst, Sr. 65,301 67,182 70,280 46,663 71,924 59,006 48,480 79,205 61,192 Mortgage Credit Supervisor 67,589 70,299 73,479 53,481 82,425 68,572 57,020 94,063 73,790 Mortgage Credit Manager 82,834 85,042 90,237 56, ,505 84,718 57, ,820 88,590 Mortgage Loan Closer 40,747 45,331 48,271 30,519 49,954 41,247 32,247 58,399 42,907 Mortgage Loan Originator 138, , ,431 84, , ,965 99, , ,208 Mortgage Loan Processor 33,742 35,608 36,542 24,896 44,034 34,623 26,779 46,229 35,692 Mortgage Loan Processor, Sr. 43,640 45,257 47,420 35,586 51,883 44,543 36,583 53,833 45,922 All salaries in USD 10 Learn more at parkerlynch.com/salaryguide

13 Financial Services Continued Average base salary by company size Base salary Total cash compensation Small Medium Large Low High Average Low High Average Mortgage Loan Processing Supervisor Mortgage Loan Processing Manager 56,387 58,064 60,873 45,420 68,946 57,263 48,550 85,676 63,613 78,594 81,016 84,615 58, ,034 79,502 71, ,345 93,318 Mortgage Loan Servicing Clerk 27,927 29,397 30,858 21,017 36,016 29,779 21,714 37,599 30,680 Mortgage Loan Servicing Clerk, Sr. 33,489 35,381 36,799 26,261 45,955 34,683 26,967 47,944 35,922 Mortgage Loan Servicing Manager 83,566 86,149 91,103 51, ,172 80,232 52, ,117 85,242 Mortgage Payment Processing Clerk 31,417 32,517 34,142 22,927 40,367 31,274 23,231 44,513 31,955 Mortgage Underwriter 56,174 58,461 60,706 36,326 62,330 46,181 36,982 66,388 47,963 Mortgage Underwriter, Sr. 67,356 69,750 72,215 53,388 80,634 66,099 55,169 83,667 68,885 New Accounts Representative 29,694 30,827 32,303 24,668 34,815 29,377 25,091 36,364 30,264 New Accounts Representative, Sr. 37,118 38,727 40,701 32,559 44,390 38,057 34,751 47,364 39,997 Portfolio Manager 73,877 78,514 93,597 58, ,120 79,421 61, ,508 84,534 Private Banker 58,151 61,151 63,026 40,910 74,197 59,344 45,640 92,512 67,188 Private Banker, Sr. 100, , ,142 73, , ,595 82, , ,586 All salaries in USD 11

14 2015 Salary Guide Parker + Lynch Job Descriptions Clerks Accounting Clerk Prepares and keeps financial and business transactions data up-to-date, and prepares reports to ensure accurate accounting records. Requires a high school diploma or its equivalent with 0-2 years of experience Accounts Payable Clerk Supervises and coordinates accounts payable activities including processing and payment of invoice and proper filing and storage of records. Requires a high school diploma or its equivalent with 0-2 years of experience Accounts Receivable Clerk Oversees and coordinates accounts receivable activities including accuracy and corrections to customer accounts and reconciliation of revenue accounts. Requires a high school diploma or its equivalent with 0-2 years of experience Billing Clerk Responsible for compiling monies owed by the company to vendors, suppliers, or other organizations/individuals. Requires a high school diploma or its equivalent with 0-2 years of experience Cash Applications Clerk Provides support and service for the cash management needs of business banking clients, ensuring client retention and customer satisfaction. Requires a bachelor s degree in area of specialty and 3-5 years of experience Credit & Collections Clerk Interviews credit applicant to obtain financial and personal data for credit report. Contacts former employers and other acquaintances to verify references and employment, and investigates credit risk in customers and suppliers. Requires a high school diploma or its equivalent with 0-2 years of experience in the field or in a related area. Payroll Clerk Processes organization s payroll and compiles payroll data to maintain accurate payroll records, balancing payroll runs, producing federal, state and local tax payments. Requires a high school diploma or its equivalent with 0-3 years of experience Operational + Financial Support Accountant Readies and maintains financial and business transactions, applying accounting principles, that include work that is analytical, evaluative, and advisory in nature and that requires an understanding of both accounting theory and practice. May require a bachelor s degree in area of specialty and 0-2 years of experience in the field or in a related area. Accountant, Sr. Readies and maintains financial and business transactions, applying accounting principles, that include work that is analytical, evaluative, and advisory in nature and that requires an understanding of both accounting theory and practice. Requires a bachelor s degree in area of specialty, and 4-6 years of experience in the field or in a related area. May lead and direct the work of others. Accounts Payable Specialist Calculates, posts business transactions, processes invoices, verifies financial data for use in maintaining accounts payable records, and provides other clerical support necessary to pay the obligations of the organization. Requires a high school diploma or its equivalent with 0-2 years of experience Accounts Payable Specialist, Sr. Supervises and coordinates accounts payable activities of processing and payment of invoices in a timely fashion, proper matching of purchasing and receiving documents, correct distribution to general ledger expense accounts, timely and accurate payments that make full use of available discounts, and proper filing and storage of records. Requires a high school diploma or its equivalent with 2-4 years of experience Accounts Receivable Specialist Prepares customer statements, bills and invoices. Reconciles expenses to the general ledger and other clerical tasks related to maintaining the accounts receivable records for an organization. Requires a high school diploma or its equivalent with 0-2 years of experience Accounts Receivable Specialist, Sr. Coordinates and keeps records of accounts receivable activities, ensuring an accurate accounts receivable system. Develops work schedules, assigns duties, and reviews work for accuracy, neatness, and conformance to policies. Requires a high school diploma or its equivalent with 2-4 years of experience in the field or in a related area. 12 View our comprehensive job descriptions at parkerlynch.com/salaryguide

15 Billing Specialist Responsible for preparation of bills and invoices, calculation of sales tickets and charge slips, and verification of billing with accounts receivable ledger. Requires a bachelor s degree in area of specialty and 2-4 years of experience Billing Specialist, Sr. Responsible for preparation of bills and invoices, calculation of sales tickets and charge slips, and verification of billing with accounts receivable ledger. Requires a bachelor s degree in area of specialty and 4-6 years of experience Bookkeeper Keeps books and accounting records of financial transactions for an establishment. May require an associate s degree or its equivalent with 2-4 years of experience Budget Analyst Analyzes, advises, and provides technical assistance in preparing budgets while seeking new ways to lower costs and increase efficiency. Requires a bachelor s degree and 0-2 years of experience Budget Analyst, Sr. Reviews proposed financial plans, including budgets, for completeness, accuracy, conformance with established procedures, regulations, and organizational objectives. Requires a bachelor s degree and 4-6 years of experience Business Data Analyst Performs complex data analysis in support of ad-hoc and standing management or customer requests. Works directly with clients and project and business leaders to identify analytical requirements. Requires a bachelor s degree in area of specialty and 0-2 years of experience Business Data Analyst, Sr. Interprets data results using a variety of techniques, ranging from simple data aggregation via statistical analysis to complex data mining. Designs, develops, implements and maintains business solutions. Requires a bachelor s degree in area of specialty and 4-6 years of experience Collections Specialist Performs routine administrative tasks to support the collections group including distributing documents, responding to customer needs, entering data and other clerical duties as required. Requires a high school diploma or its equivalent and 2-4 years of experience Collections Specialist, Sr. Performs routine administrative tasks to support the collections group including distributing documents, responding to customer needs, entering data and other clerical duties as required. Requires a high school diploma or its equivalent and 4-6 years of experience Compliance Specialist Oversees and coordinates the development, maintenance, implementation, and revision of policies and procedures and other documents for the operation of the organization s compliance program. Requires a bachelor s degree in area of specialty and 0-2 years of experience Compliance Specialist, Sr. Oversees and coordinates the development, maintenance, implementation, and revision of policies and procedures and other documents for the operation of the organization s compliance program. Requires a bachelor s degree in area of specialty and at least 4 years of experience May lead and direct the work of others. Cost Accountant Provides detailed cost information and data analysis not supplied by general accounting systems by applying principles of cost accounting. May require a bachelor s degree and 0-2 years of experience Cost Accountant, Sr. Provides detailed cost information and data analysis not supplied by general accounting systems by applying principles of cost accounting. Requires a bachelor s degree and 4-6 years of experience Credit Analyst Assesses credit information to determine risk involved in lending money to customers, and prepares report of findings. May require a bachelor s degree and 0-2 years of experience in the field or in a related area. Credit Analyst, Sr. Assesses credit information to determine risk involved in lending money to customers, and prepares report of findings. Requires a bachelor s degree and at least 5 years of experience in the field or in a related area. Financial Analyst Analyzes past and present financial data of an organization and estimates future revenues and expenditures, applying principles of finance. Requires a bachelor s degree and 0-2 years of experience 13

16 2015 Salary Guide Parker + Lynch Job Descriptions Financial Analyst, Sr. Analyzes past and present financial data of an organization and estimates future revenues and expenditures, applying principles of finance. Requires a bachelor s degree and 4-7 years of experience Financial Reporting Accountant Manages all Securities and Exchange Commission (SEC) external reporting requirements including preparation and filing of Form 10-K, 10-Q, Form 8-K, Proxy Statement, and other periodic governmental reports. Requires a bachelor s degree in area of specialty and 0-2 years of experience Financial Reporting Accountant, Sr. Oversees all Securities and Exchange Commission (SEC) external reporting requirements including preparation and filing of Form 10-K, 10-Q, Form 8-K, Proxy Statement, and other periodic governmental reports. Requires a bachelor s degree in area of specialty and 4-6 years of experience May lead and direct the work of others. Internal Auditor Reviews and determines effectiveness of controls, accuracy of financial records, and efficiency of operations for management in an organization. Requires a bachelor s degree in accounting and 0-2 years of experience Internal Auditor, Sr. Reviews and determines effectiveness of controls, accuracy of financial records, and efficiency of operations for management in an organization. Requires a bachelor s degree in accounting and 4-6 years of experience May lead and direct the work of others. Payroll Specialist Inputs data from time sheets, production records, or individual time cards to computerized payroll system. Requires a high school diploma or its equivalent with 0-3 years of experience in the field or in a related area. Payroll Specialist, Sr. Processes employee status changes, processes and analyzes payroll and employee expenses, reconciles general ledger accounts, creates on-going month-end, quarterly, and year-end organizational reports, generating accurate reports and performs other duties as assigned. Requires a high school diploma or its equivalent with 2-5 years of experience Risk Analyst Analyzes and administers loss prevention programs and insured and self-insurance coverage for businesses and organizations; utilizes knowledge of tax and insurance strategies, securities, insurance, pension plans, and real estate. Requires a bachelor s degree and 0-2 years of experience Risk Analyst, Sr. Performs risk analysis studies in order to maintain maximum protection of an organization s assets. Investigates any incidences that may result in asset loss and compiles findings in reports for further review. Requires a bachelor s degree and 4-6 years of experience Sarbanes-Oxley Analyst Responsible for daily activities in support of the organization s Sarbanes-Oxley compliance. Gathers data and creates reports documenting internal controls over financial reporting. Requires a bachelor s degree in area of specialty and at least 3 years of experience Tax Accountant Prepares Federal, State, or local tax returns for individuals, business establishments, or other organizations. May require a bachelor s degree and 0-2 years of experience Tax Accountant, Sr. Prepares Federal, State, or local tax returns for individuals, business establishments, or other organizations. Requires a bachelor s degree and 4-6 years of experience Treasury Analyst Reviews and analyzes all operational cash flows for the organization and advises management on investments and loans for shortand long-range financial plans. May require a bachelor s degree in area of specialty and 0-2 years of experience in the field or in a related area. Treasury Analyst, Sr. Reviews and analyzes all operational cash flows for the organization. Determines procurement of funds and monitors investments and collections. May lead and direct the work of others. May require a bachelor s degree and 5-8 years of experience in the field or in a related area. Supervisors Accounting Supervisor Supervises and trains less complex day-to-day general accounting functions and accounting operations which include coding invoices and compiling data for various accounting reports. Leads most day-to-day operations of group. May require a bachelor s degree in area of specialty. 14 View our comprehensive job descriptions at parkerlynch.com/salaryguide

17 Accounts Payable Supervisor Supervises and coordinates accounts payable activities, processing payments and reconciliation of general ledger accounts. May require a bachelor s degree in area of specialty. Leads and directs the work of others. Accounts Receivable Supervisor Supervises and coordinates accounts receivable activities, ensuring an accurate accounts receivable system. May require a bachelor s degree in area of specialty. Auditing Supervisor Supervises and trains auditors conducting independent protective and constructive audits to verify effectiveness of controls, financial records, and operating procedures. May require a bachelor s degree in area of specialty. Billing Supervisor Coordinates and analyzes customer billing and accounts receivable management. May require a bachelor s degree in area of specialty. Performs invoice preparation, audits and edits pre-bills, and performs write-offs when approved by management. Cost Accounting Supervisor Supervises the compilation of periodic statements of product cost and prepares appropriate operating reports. May require a bachelor s degree in area of specialty. Credit & Collections Supervisor Supervises the activities in the credit and collections department and oversees the processing and verification of applications for credit and the solicitation for payment on overdue accounts. May require a bachelor s degree in area of specialty. Financial Reporting Supervisor Manages all Securities and Exchange Commission (SEC) external reporting requirements including preparation and filing of Form 10-K, 10-Q, Form 8-K, Proxy Statement, and other periodic governmental reports. May require a bachelor s degree in area of specialty. Payroll Supervisor Supervises and coordinates activities of workers engaged the payroll function of recording hours of work, processing time records, compiling payroll statistics, maintaining payroll control records, and calculating payrolls. May require a bachelor s degree in area of specialty. Tax Supervisor Supervises personnel responsible for ensuring that Federal, State, and local tax reports have been properly prepared and filed in a timely manner. May require a bachelor s degree in area of specialty. Mid-Level Managers Accounting Manager Manages professional level accounting functions and the preparation of reports including earnings, profits/losses, cash balances, and cost accounting. Requires a bachelor s degree in area of specialty and at least 7 years of experience Accounts Payable Manager Manages and coordinates activities required to ensure an accurate accounts payable system. May require a bachelor s degree in a related area and at least 7 years of experience in the field. Accounts Receivable Manager Manages and coordinates activities required to ensure an accurate accounts receivable system. May require a bachelor s degree in area of specialty and at least 7 years of experience in the field or in a related area. Auditing Manager Manages and coordinates activities of auditors conducting independent protective and constructive audits for management to review effectiveness of controls, financial records, and operations. May require a bachelor s degree in area of specialty and at least 8 years of experience. Billing Manager Coordinates and analyzes customer billing and accounts receivable management and may supervise Billing Clerks. May require a bachelor s degree in area of specialty plus at least 3 years of experience Budget Manager Manages activities of personnel responsible for formulation and presentation of budgets for controlling funds to implement program objectives of an organization. Requires a bachelor s degree and 5-7 years of experience Compliance Manager Oversees and coordinates the development, maintenance, implementation, and revision of policies and procedures and other documents for the operation of the organization s compliance program. Prepares compliance reports to present to management. Requires a bachelor s degree in a related area and at least 7 years of experience in the field. Leads and directs the work of others. Cost Accounting Manager Manages and oversees professional cost accounting activities including implementing cost control procedures, providing staff supervision over cost systems and methods, and managing the compilation of periodic statements of product cost. Requires a bachelor s degree in a related area and at least 7 years of experience in the field. 15

18 2015 Salary Guide Parker + Lynch Job Descriptions Credit & Collections Manager Develops and administers credit and collection programs and oversees investigation of credit risk in customers and suppliers and monitors the collection of amounts due to the organization. Requires a bachelor s degree in a related area and at least 7 years of experience in the field. Manages a credit and collection staff. Finance Manager Offers finance and insurance options to clients through established relationships with lenders/providers. May require a bachelor s degree in area of specialty and at least 5 years of experience in the field or in a related area. Leads and directs the work of others. Financial Analysis Manager Manages conduct of statistical analyses of information affecting financial and accounting programs of public, industrial, and/or financial organizations through subordinate financial analysis staff. Requires a bachelor s degree in a related area and at least 7 years of experience in the field. Financial Reporting Manager Manages all Securities and Exchange Commission (SEC) external reporting requirements including preparation and filing of Form 10-K, 10-Q, Form 8-K, Proxy Statement, and other periodic governmental reports. Requires a bachelor s degree in a related area and at least 7 years of experience in the field and manages the financial reporting staff. Payroll Manager Manages and coordinates activities of staff and payroll systems at one or more locations. Requires a bachelor s degree in a related area and at least 7 years of experience in the field and manages payroll staff. Risk Manager Manages, plans, and coordinates risk and insurance programs of an establishment to control risks and losses. Requires a bachelor s degree in a related area and at least 7 years of experience in the field. Manages risk analysis staff. Sarbanes-Oxley Manager Manages activities related to an organization s compliance with the Sarbanes-Oxley Act. Leads and directs the work of others and requires a bachelor s degree in area of specialty and at least 7 years of experience Tax Manager Manages department responsible for preparation of State, Federal, and local tax returns. Manages the tax accounting staff and requires a bachelor s degree in a related area and at least 7 years of experience in the field. Leads and directs the work of others. Executive + Senior Managers Accounting Director Directs, coordinates, and administers accounting operations which may include general accounting, cost accounting, payroll, accounts payable, and accounts receivable. Requires a bachelor s degree in area of specialty with at least 10 years of experience in the field or in a related area. Assistant Controller Heads preparation, in an assistant role, or develops reports that summarize and forecast company business activity and financial position. Requires a bachelor s degree in area of specialty with at least 10 years of experience in the field or related area. Leads and directs the work of others. Assistant Treasurer Assists the Treasurer with the receipt, disbursement, banking, protection and custody of funds, securities, and financial instruments. Requires a bachelor s degree in area of specialty with at least 10 years of experience in the field or related area. Leads and directs the work of others. Auditing Director Oversees and directs the function or department that audits examination and analysis of electronic data processing (EDP) records of an organization, reviews reports concerning documentation and operating procedures, and oversees the data review process. May require a bachelor s degree in area of specialty and at least 10 years of experience. Chief Financial Officer Directs and coordinates company s financial affairs according to financial principles and government regulations, and establishes major economic objectives and policies for the company. Requires a bachelor s degree and at least 15 years of direct experience in the field. Controller Directs and plans the preparation of reports that summarize and forecast company business activity and financial position in areas of income, expenses, and earnings, based on past, present, and expected operations. Requires a bachelor s degree and at least 15 years of direct experience in the field. Finance Director Directs and aids in financial analysis, evaluation, and report generation activities of current and proposed financial plans. Typically requires an advanced degree with at least 10 years of experience in the field. 16 View our comprehensive job descriptions at parkerlynch.com/salaryguide

19 Financial Reporting Director Directs and oversees the preparation and distribution of financial statements for external use and ensures that all documentation complies with company s regulations, professional standards, and SEC and GAAP reporting guidelines. Requires a bachelor s degree in a related area and at least 10 years of experience in the field. Sarbanes-Oxley Director Directs programs, policies, and practices to ensure the organization is in compliance with the Sarbanes-Oxley Act. Leads and directs the work of others and requires a bachelor s degree in area of specialty and at least 10 years of experience Tax Director Directs activities of department and personnel responsible for ensuring that tax reports have been properly prepared and filed. Requires a bachelor s degree with at least 10 years of experience in the field. Top Audit Executive Directs, develops, and administers the organization s internal audit program system and procedures to determine the effectiveness of controls, accuracy of records, and efficiency of operations. Requires a bachelor s degree with at least 15 years of experience in the field. Top Corporate Compliance Executive Oversees and coordinates the development, maintenance, implementation, and revision of policies and procedures and other documents for the operation of the organization s compliance program. Requires a bachelor s degree in area of specialty and at least 15 years of experience Treasurer Directs and coordinates the organization s treasury activities including receipt, disbursement, banking, protection and custody and investment of funds, securities, and financial instruments. Requires a bachelor s degree and at least 15 years of direct experience in the field. Public Accounting Staff Accountant Assists senior accountants in the research and preparation for audits, projects, and taxes. Typically has 1-3 years of experience. Senior Staff Accountant Responsible for completing audits, tax preparation, and filing of forms. Typically has more than 3 years of experience. Directs lower tier staff on specific projects. Manager Manages professional level accounting functions and the preparation of reports including earnings, profits/losses, cash balances, and cost accounting. CPA required. Supervises staff within area of expertise and is responsible for coordination and completion of all projects. Director Directs, coordinates, and administers accounting operations which may include general accounting, cost accounting, payroll, accounts payable, and accounts receivable. Partner A chief executive of the firm or office. Recruits new clients and is ultimately responsible for accuracy of all audits, tax forms, and reports. Financial Services Consumer Credit Analyst Assesses credit information to determine risk involved in lending money to customers, and prepares report of findings. Requires a bachelor s degree in area of specialty and 0-2 years of experience Consumer Credit Analyst, Sr. Assesses credit information to determine risk involved in lending money to customers, and prepares report of findings. Requires a bachelor s degree and at least 5 years of experience in the field or in a related area. Consumer Credit Analysis Manager Manages a group of credit analysts and implements credit policies and procedures. Requires a bachelor s degree and at least 7 years of experience Consumer Loan Collector Receives installments on past due accounts, damage claims, or nonpayable checks from customers. Requires a high school diploma or its equivalent and 0-2 years of related experience. Consumer Loan Collector, Sr. Receives installments on past due accounts, damage claims, or nonpayable checks from customers. Requires a high school diploma or its equivalent and at least 5 years of related experience. Consumer Loan Collection Supervisor Supervises collectors who locate customers to collect installments on overdue accounts, damage claims, or non-payable checks. May require a bachelor s degree in area of specialty. 17

20 2015 Salary Guide Parker + Lynch Job Descriptions Consumer Loan Collection Manager Manages and coordinates activities of workers engaged in conducting credit investigations and collecting delinquent accounts of customers of commercial establishments, department stores, banks, or similar establishments. Requires a bachelor s degree with at least 10 years of experience in the field. Consumer Loan Payment Processing Clerk Processes consumer loan payments according to established guidelines and procedures. Requires a high school diploma or its equivalent and 0-2 years of related experience. Consumer Loan Processor Performs clerical and administrative support activities related to obtaining loans for borrowers. Requires a high school diploma or its equivalent and 0-2 years of related experience. Consumer Loan Processor, Sr. Performs clerical and administrative support activities related to obtaining loans for borrowers. Requires a high school diploma or its equivalent and at least 3 years of related experience. Consumer Loan Processing Supervisor Supervises a team of loan processors to ensure that new loan packages are processed and completed according to established policies and procedures. Requires a high school diploma or its equivalent and at least 5 years of related experience. Consumer Loan Processing Manager Manages consumer loan department of a financial institution providing services including vehicle loans, personal or unsecured lines of credit, home improvement and home equity loans, student loans, credit cards, etc. May require a bachelor s degree and at least 5 years of experience Consumer Loan Servicing Clerk Processes applications of individuals applying for loans and credit. Requires a high school diploma or its equivalent and 0-2 years of related experience. Consumer Loan Servicing Manager Manages personnel that support the consumer loan servicing function and ensures efficiency of collections, escrow, and cashiering operations. May require a bachelor s degree and at least 5 years of experience Mortgage Collector Receives installments on past due accounts, damage claims, or nonpayable checks from customers. Requires a high school diploma or its equivalent and 0-2 years of related experience. Mortgage Collector, Sr. Receives installments on past due accounts, damage claims, or nonpayable checks from customers. Requires a high school diploma or its equivalent and at least 4 years of related experience. Mortgage Collection Supervisor Supervises collectors who locate customers to collect installments on overdue accounts, damage claims, or non-payable checks. May require a bachelor s degree in area of specialty. Mortgage Collection Manager Manages and coordinates activities of workers engaged in conducting credit investigations and collecting on delinquent accounts of customers of commercial establishments, department stores, banks, or similar establishments. Requires a bachelor s degree with at least 8 years of experience in the field. Mortgage Credit Analyst Assesses credit information to determine risk involved in lending money to customers, and prepares report of findings. May require a bachelor s degree in area of specialty and 0-2 years of experience Mortgage Credit Analyst, Sr. Assesses credit information to determine risk involved in lending money to customers, and prepares report of findings. May require a bachelor s degree in area of specialty and at least 4 years of experience Mortgage Credit Supervisor Supervises activities of those engaged in conducting credit investigations and collecting on delinquent accounts of customers of commercial establishments, department stores, banks, or similar establishments. Requires a bachelor s degree and at least 5 years of experience Mortgage Credit Manager Manages and coordinates activities of those engaged in conducting credit investigations and collecting on delinquent accounts of customers of commercial establishments, department stores, banks, or similar establishments. Requires a bachelor s degree with at least 7 years of experience in the field. Mortgage Loan Closer Prepares papers and assembles documents to close loans for borrowers. May require a bachelor s degree in area of specialty and 2-4 years of experience 18 View our comprehensive job descriptions at parkerlynch.com/salaryguide