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

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www.cfstaffing.comom

Managed by professional accounting firms

2014 S

alary Guide

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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

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2014 | National Salaries

Understanding the Data

The CFS National Salary Guidedisplays 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 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.

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

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Position/Title Low Middle High

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

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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

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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

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

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Medium Companies

2014 | National Salaries

Analysis

Operations

Payroll Manager Under $60,000 $60,000 - $71,000 Over $71,000 Billing Manager Under $54,250 $54,250 - $65,250 Over $65,250

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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

Tax Department

Tax Manager Under $81,750 $81,750 - $114,500 Over $114,500

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Small Companies

2014 | National Salaries

Analysis

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

Payroll Manager Under $51,750 $51,750 - $65,250 Over $65,250

Accounting Clerk Under $32,750 $32,750 - $43,500 Over $43,500

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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 (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

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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.

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.

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

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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

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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

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

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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

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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.

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

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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

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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 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.

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.

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

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.

Project Support & Interim Management Services