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Creative Financial Staffing
www.cfstaffing.com
2012 CFS Salary Guide
The 2012 CFS National Salary Guide provides
comprehensive data of base salaries for all levels of
accounting and finance professionals in the United States.
We hope this guide will become a valuable resource
in your ongoing discussions and planning for your
accounting department.
Also included in the Salary Guide are the Local Market
Multipliers and a Glossary of popular accounting and
finance positions.
Creative Financial Staffing
2012 | National Salaries
www.cfstaffing.com
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.
Creative Financial Staffing
2012 | National Salaries
www.cfstaffing.com
Large Companies
Position/Title
CFO/Treasurer*
VP of Finance*
Controller*
Assistant Controller*
Low
Middle
High
Under $206,000
Under $154,500
Under $128,750
Under $92,700
$206,000-$309,000
$154,500-$257,500
$128,750-$180,250
$92,700-$133,900
Over $309,000
Over $257,500
Over $180,250
Over $133,900
Under $82,400
Under $66,950
Under $51,500
Under $41,200
$82,400-$103,000
$66,950-$77,250
$51,500-$61,800
$41,200-$51,500
Over $103,000
Over $77,250
Over $61,800
Over $51,500
Under $164,800
Under $108,150
Under $77,250
Under $56,650
Under $46,350
$164,800-$206,000
$108,150-$139,050
$77,250-$92,700
$56,650-$72,100
$46,350-$56,650
Over $206,000
Over $139,050
Over $92,700
Over $72,100
Over $56,650
Under $87,550
Under $66,950
Under $56,650
Under $46,350
$87,550-$108,150
$66,950-$77,250
$56,650-$66,950
$46,350-$56,650
Over $108,150
Over $77,250
Over $66,950
Over $56,650
General Accounting Department
Accounting Manager
Senior Accountant
Staff Accountant (1-3 years)
Staff Accountant (up to 1 year)
Tax Department
Director of Tax*
Tax Manager
Tax Senior
Tax Accountant (1-3 years)
Tax Accountant (up to 1 year)
Cost Accounting Department
Cost Accounting Manager
Senior Cost Accountant
Cost Accountant (1-3 years)
Cost Accountant (up to 1 year)
*Bonuses and incentives are a significant part of overall compensation at
these levels and are not included in the CFS salary ranges.
Creative Financial Staffing
2012 | National Salaries
www.cfstaffing.com
Large Companies
Position/Title
Low
Middle
High
Under $175,100
Under $103,000
Under $69,525
Under $56,650
Under $46,350
$175,100-$216,300
$103,000-$128,750
$69,525-$92,700
$56,650-$72,100
$46,350-$56,650
Over $216,300
Over $128,750
Over $92,700
Over $72,100
Over $56,650
Under $92,700
Under $66,950
Under $56,650
$92,700-$113,300
$66,950-$87,550
$56,650-$66,950
Over $113,300
Over $87,550
Over $66,950
Under $56,650
Under $62,830
Under $56,650
Under $38,625
Under $36,050
Under $36,050
$56,650-$72,100
$62,830-$82,400
$56,650-$72,100
$38,625-$43,775
$36,050-$41,200
$36,050-$41,200
Over $72,100
Over $82,400
Over $72,100
Over $43,775
Over $41,200
Over $41,200
Under $61,800
Under $36,050
$61,800-$82,400
$36,050-$54,075
Over $82,400
Over $54,075
Internal Audit Department
Internal Audit Director
Internal Audit Manager
Internal Audit Senior
Internal Auditor (1-3 years)
Internal Auditor (up to 1 year)
Analysis
Manager of Cost, Financial or Budget Analysis
Senior Cost, Financial or Budget Analyst
Cost, Financial or Budget Analyst
Operations
AP/AR Manager
Payroll Manager
Billing Manager
AP/AR Clerk
Payroll Clerk
Billing Clerk
Credit & Collections
Credit & Collections Manager
Commercial Collector
Creative Financial Staffing
2012 | National Salaries
www.cfstaffing.com
Medium Companies
Position/Title
CFO/Treasurer*
VP of Finance*
Controller*
Assistant Controller*
Low
Middle
High
Under $154,500
Under $128,750
Under $113,300
Under $87,550
$154,500-$257,500
$128,750-$206,000
$113,300-$159,650
$87,550-$118,450
Over $257,500
Over $206,000
Over $159,650
Over $118,450
Under $72,100
Under $61,800
Under $46,350
Under $36,050
$72,100-$92,700
$61,800-$72,100
$46,350-$56,650
$36,050-$46,350
Over $92,700
Over $72,100
Over $56,650
Over $46,350
Under $144,200
Under $92,700
Under $69,525
Under $51,500
Under $41,200
$144,200-$185,400
$92,700-$123,600
$69,525-$84,975
$51,500-$61,800
$41,200-$51,500
Over $185,400
Over $123,600
Over $84,975
Over $61,800
Over $51,500
Under $77,250
Under $61,800
Under $51,500
Under $41,200
$77,250-$97,850
$61,800-$72,100
$51,500-$61,800
$41,200-$51,500
Over $97,850
Over $72,100
Over $61,800
Over $51,500
General Accounting Department
Accounting Manager
Senior Accountant
Staff Accountant (1-3 years)
Staff Accountant (up to 1 year)
Tax Department
Director of Tax*
Tax Manager
Tax Senior
Tax Accountant (1-3 years)
Tax Accountant (up to 1 year)
Cost Accounting Department
Cost Accounting Manager
Senior Cost Accountant
Cost Accountant (1-3 years)
Cost Accountant (up to 1 year)
*Bonuses and incentives are a significant part of overall compensation at
these levels and are not included in the CFS salary ranges.
Creative Financial Staffing
2012 | National Salaries
www.cfstaffing.com
Medium Companies
Position/Title
Low
Middle
High
Under $154,500
Under $90,125
Under $66,950
Under $51,500
Under $41,200
$154,500-$180,250
$90,125-$115,875
$66,950-$82,400
$51,500-$61,800
$41,200-$51,500
Over $180,250
Over $115,875
Over $82,400
Over $61,800
Over $51,500
Under $82,400
Under $61,800
Under $51,500
$82,400-$103,000
$61,800-$82,400
$51,500-$61,800
Over $103,000
Over $82,400
Over $61,800
Under $46,350
Under $56,650
Under $51,500
Under $36,050
Under $33,475
Under $33,475
$46,350-$59,740
$56,650-$66,950
$51,500-$61,800
$36,050-$41,200
$33,475-$38,625
$33,475-$38,625
Over $59,740
Over $66,950
Over $61,800
Over $41,200
Over $38,625
Over $38,625
Under $56,650
Under $33,475
$56,650-$66,950
$33,475-$46,350
Over $66,950
Over $46,350
Internal Audit Department
Internal Audit Director
Internal Audit Manager
Internal Audit Senior
Internal Auditor (1-3 years)
Internal Auditor (up to 1 year)
Analysis
Manager of Cost, Financial or Budget Analysis
Senior Cost, Financial or Budget Analyst
Cost, Financial or Budget Analyst
Operations
AP/AR Manager
Payroll Manager
Billing Manager
AP/AR Clerk
Payroll Clerk
Billing Clerk
Credit & Collections
Credit & Collections Manager
Commercial Collector
Creative Financial Staffing
2012 | National Salaries
www.cfstaffing.com
Small Companies
Position/Title
CFO/Treasurer*
VP of Finance*
Controller*
Assistant Controller*
Low
Middle
High
Under $128,750
Under $103,000
Under $92,700
Under $72,100
$128,750-$206,000
$103,000-$154,500
$92,700-$118,450
$72,100-$92,700
Over $206,000
Over $154,500
Over $118,450
Over $92,700
Under $61,800
Under $56,650
Under $41,200
Under $36,050
$61,800-$72,100
$56,650-$66,950
$41,200-$51,500
$36,050-$41,200
Over $72,100
Over $66,950
Over $51,500
Over $41,200
Under $77,250
Under $61,800
Under $46,350
Under $41,200
$77,250-$108,150
$61,800-$77,250
$46,350-$56,650
$41,200-$48,925
Over $108,150
Over $77,250
Over $56,650
Over $48,925
Under $66,950
Under $56,650
Under $46,350
Under $36,050
$66,950-$87,550
$56,650-$66,950
$46,350-$56,650
$36,050-$46,350
Over $87,550
Over $66,950
Over $56,650
Over $46,350
General Accounting Department
Accounting Manager
Senior Accountant
Staff Accountant (1-3 years)
Staff Accountant (up to 1 year)
Tax Department
Tax Manager
Tax Senior
Tax Accountant (1-3 years)
Tax Accountant (up to 1 year)
Cost Accounting Department
Cost Accounting Manager
Senior Cost Accountant
Cost Accountant (1-3 years)
Cost Accountant (up to 1 year)
*Bonuses and incentives are a significant part of overall compensation at
these levels and are not included in the CFS salary ranges.
Creative Financial Staffing
2012 | National Salaries
www.cfstaffing.com
Small Companies
Position/Title
Low
Middle
High
Under $113,300
Under $77,250
Under $61,800
Under $46,350
Under $41,200
$113,300-$144,200
$77,250-$103,000
$61,800-$77,250
$46,350-$56,650
$41,200-$48,925
Over $144,200
Over $103,000
Over $77,250
Over $56,650
Over $48,925
Under $72,100
Under $56,650
Under $46,350
$72,100-$92,700
$56,650-$77,250
$46,350-$56,650
Over $92,700
Over $77,250
Over $56,650
Full Charge Bookkeeper
Bookkeeper
AP/AR Manager
Payroll Manager
Under $46,350
Under $36,050
Under $41,200
Under $48,925
$46,350-$54,590
$36,050-$42,230
$41,200-$51,500
$48,925-$61,800
Over $54,590
Over $42,230
Over $51,500
Over $61,800
Accounting Clerk
Under $30,900
Under $30,900
Under $30,900
Under $30,900
$30,900-$41,200
$30,900-$36,050
$30,900-$36,050
$30,900-$36,050
Over $41,200
Over $36,050
Over $36,050
Over $36,050
Under $48,925
Under $30,900
$48,925-$61,800
$30,900-$41,200
Over $61,800
Over $41,200
Internal Audit Department
Internal Audit Director
Internal Audit Manager
Internal Audit Senior
Internal Auditor (1-3 years)
Internal Auditor (up to 1 year)
Analysis
Manager of Cost, Financial or Budget Analysis
Senior Cost, Financial or Budget Analyst
Cost, Financial or Budget Analyst
Operations
AP/AR Clerk
Payroll Clerk
Billing Clerk
Credit & Collections
Credit & Collections Manager
Commercial Collector
Creative Financial Staffing
2012 | National Salaries
www.cfstaffing.com
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.
Position/Title
Low
Middle
High
Under $113,300
Under $87,550
Under $69,010
Under $51,500
$113,300-$175,100
$87,550-$118,450
$69,010-$83,430
$51,500-$66,950
Over $175,100
Over $118,450
Over $83,430
Over $66,950
Under $103,000
Under $82,400
Under $61,800
Under $46,350
$103,000-$144,200
$82,400-$103,000
$61,800-$77,250
$46,350-$56,650
Over $144,200
Over $103,000
Over $77,250
Over $56,650
Under $92,700
Under $72,100
Under $56,650
Under $41,200
$92,700-$113,300
$72,100-$92,700
$56,650-$66,950
$41,200-$51,500
Over $113,300
Over $92,700
Over $66,950
Over $51,500
Large Firms
Senior Manager/Director*
Manager*
Senior (3+ years)
Staff (up to 3 years)
Medium Firms
Senior Manager/Director*
Manager*
Senior (3+ years)
Staff (up to 3 years)
Small Firms
Senior Manager/Director*
Manager*
Senior (3+ years)
Staff (up to 3 years)
*Bonuses and incentives are a significant part of overall compensation at
these levels and are not included in the CFS salary ranges.
Creative Financial Staffing
www.cfstaffing.com
2012 | Local Market Multipliers
The 2012 Local Market Multipliers are derived from the Bureau of Labor
Statistics website. To calculate the local market salary data, multiply the
national salary by the local market multiplier.
Akron
Atlanta
Bakersfield
Baltimore
Boston
Canton
Chicago
Cleveland
Columbus
Dallas
Denver
Ft. Lauderdale
Ft. Wayne
Grand Rapids
Hartford
Houston
Indianapolis
0.9543
1.05
0.952
0.9548
1.13
0.8155
1.073
0.9806
0.9493
1.039
1.052
0.9163
0.901
0.9352
1.048
1.043
1.016
Los Angeles
Nashville
New Jersey
New York
Madison
Minneapolis
Orlando
Pittsburgh
Portland
San Antonio
San Francisco
Seattle
Shelton
South Bend
Tampa
Washington, D.C.
1.045
0.868
1.152
1.294
0.918
0.933
0.8982
0.945
0.927
0.9105
1.227
0.988
0.978
0.8492
0.8611
1.194
Example: Senior Cost Accountant - Large Company - Boston
National Salary: $66,950-$77,250
Local Market Multiplier: 1.13
$66,950 x 1.13=$75,654
$77,250 x 1.13=$87,293
Local Salary: *$75,750-$87,250
* All local salaries are then rounded to the nearest 250. Some are slightly adjusted based on internal data collected.
Creative Financial Staffing
www.cfstaffing.com
2012 | Cleveland Local Salaries
Large Companies
Position/Title
CFO/Treasurer*
VP of Finance*
Controller*
Assistant Controller*
Low
Middle
High
Under $202,000
Under $151,500
Under $126,250
Under $91,000
$202,000-$303,000
$151,500-$252,500
$126,250-$176,750
$91,000-$131,250
Over $303,000
Over $252,500
Over $176,750
Over $131,250
Under $80,750
Under $65,750
Under $50,500
Under $40,500
$80,750-$101,000
$65,750-$75,750
$50,500-$60,500
$40,500-$50,500
Over $101,000
Over $75,750
Over $60,500
Over $50,500
Under $161,500
Under $106,000
Under $75,750
Under $55,500
Under $45,500
$161,500-$202,000
$106,000-$136,250
$75,750-$91,000
$55,500-$70,750
$45,500-$55,500
Over $202,000
Over $136,250
Over $91,000
Over $70,750
Over $55,500
Under $85,750
Under $65,750
Under $55,500
Under $45,500
$85,750-$106,000
$65,750-$75,750
$55,500-$65,750
$45,500-$55,500
Over $106,000
Over $75,750
Over $65,750
Over $55,500
General Accounting Department
Accounting Manager
Senior Accountant
Staff Accountant (1-3 years)
Staff Accountant (up to 1 year)
Tax Department
Director of Tax*
Tax Manager
Tax Senior
Tax Accountant (1-3 years)
Tax Accountant (up to 1 year)
Cost Accounting Department
Cost Accounting Manager
Senior Cost Accountant
Cost Accountant (1-3 years)
Cost Accountant (up to 1 year)
*Bonuses and incentives are a significant part of overall compensation at
these levels and are not included in the CFS salary ranges.
Creative Financial Staffing
www.cfstaffing.com
2012 | Cleveland Local Salaries
Large Companies
Position/Title
Low
Middle
High
Under $171,750
Under $101,000
Under $68,250
Under $55,500
Under $45,500
$171,750-$212,000
$101,000-$126,250
$68,250-$91,000
$55,500-$70,750
$45,500-$55,500
Over $212,000
Over $126,250
Over $91,000
Over $70,750
Over $55,500
Under $91,000
Under $65,750
Under $55,500
$91,000-$111,000
$65,750-$85,750
$55,500-$65,750
Over $111,000
Over $85,750
Over $65,750
Under $55,500
Under $61,500
Under $55,500
Under $38,000
Under $35,250
Under $35,250
$55,500-$70,750
$61,500-$80,750
$55,500-$70,750
$38,000-$43,000
$35,250-$40,500
$35,250-$40,500
Over $70,750
Over $80,750
Over $70,750
Over $43,000
Over $40,500
Over $40,500
Under $60,500
Under $35,250
$60,500-$80,750
$35,250-$53,000
Over $80,750
Over $53,000
Internal Audit Department
Internal Audit Director
Internal Audit Manager
Internal Audit Senior
Internal Auditor (1-3 years)
Internal Auditor (up to 1 year)
Analysis
Manager of Cost, Financial or Budget Analysis
Senior Cost, Financial or Budget Analyst
Cost, Financial or Budget Analyst
Operations
AP/AR Manager
Payroll Manager
Billing Manager
AP/AR Clerk
Payroll Clerk
Billing Clerk
Credit & Collections
Credit & Collections Manager
Commercial Collector
Creative Financial Staffing
www.cfstaffing.com
2012 | Cleveland Local Salaries
Medium Companies
Position/Title
CFO/Treasurer*
VP of Finance*
Controller*
Assistant Controller*
Low
Middle
High
Under $151,500
Under $126,250
Under $111,000
Under $85,750
$151,500-$252,500
$126,250-$202,000
$111,000-$156,500
$85,750-$116,250
Over $252,500
Over $202,000
Over $156,500
Over $116,250
Under $70,750
Under $60,500
Under $45,500
Under $35,250
$70,750-$91,000
$60,500-$70,750
$45,500-$55,500
$35,250-$45,500
Over $91,000
Over $70,750
Over $55,500
Over $45,500
Under $141,500
Under $91,000
Under $68,250
Under $50,500
Under $40,500
$141,500-$181,750
$91,000-$121,250
$68,250-$83,250
$50,500-$60,500
$40,500-$50,500
Over $181,750
Over $121,250
Over $83,250
Over $60,500
Over $50,500
Under $75,750
Under $60,500
Under $50,500
Under $40,500
$75,750-$96,000
$60,500-$70,750
$50,500-$60,500
$40,500-$50,500
Over $96,000
Over $70,750
Over $60,500
Over $50,500
General Accounting Department
Accounting Manager
Senior Accountant
Staff Accountant (1-3 years)
Staff Accountant (up to 1 year)
Tax Department
Director of Tax*
Tax Manager
Tax Senior
Tax Accountant (1-3 years)
Tax Accountant (up to 1 year)
Cost Accounting Department
Cost Accounting Manager
Senior Cost Accountant
Cost Accountant (1-3 years)
Cost Accountant (up to 1 year)
*Bonuses and incentives are a significant part of overall compensation at
these levels and are not included in the CFS salary ranges.
Creative Financial Staffing
www.cfstaffing.com
2012 | Cleveland Local Salaries
Medium Companies
Position/Title
Low
Middle
High
Under $151,500
Under $88,500
Under $65,750
Under $50,500
Under $40,500
$151,500-$176,750
$88,500-$113,750
$65,750-$80,750
$50,500-$60,500
$40,500-$50,500
Over $176,750
Over $113,750
Over $80,750
Over $60,500
Over $50,500
Under $80,750
Under $60,500
Under $50,500
$80,750-$101,000
$60,500-$80,750
$50,500-$60,500
Over $101,000
Over $80,750
Over $60,500
Under $45,500
Under $55,500
Under $50,500
Under $35,250
Under $32,750
Under $32,750
$45,500-$58,500
$55,500-$65,750
$50,500-$60,500
$35,250-$40,500
$32,750-$38,000
$32,750-$38,000
Over $58,500
Over $65,750
Over $60,500
Over $40,500
Over $38,000
Over $38,000
Under $55,500
Under $32,750
$55,500-$65,750
$32,750-$45,500
Over $65,750
Over $45,500
Internal Audit Department
Internal Audit Director
Internal Audit Manager
Internal Audit Senior
Internal Auditor (1-3 years)
Internal Auditor (up to 1 year)
Analysis
Manager of Cost, Financial or Budget Analysis
Senior Cost, Financial or Budget Analyst
Cost, Financial or Budget Analyst
Operations
AP/AR Manager
Payroll Manager
Billing Manager
AP/AR Clerk
Payroll Clerk
Billing Clerk
Credit & Collections
Credit & Collections Manager
Commercial Collector
Creative Financial Staffing
www.cfstaffing.com
2012 | Cleveland Local Salaries
Small Companies
Position/Title
CFO/Treasurer*
VP of Finance*
Controller*
Assistant Controller*
Low
Middle
High
Under $126,250
Under $101,000
Under $91,000
Under $70,750
$126,250-$202,000
$101,000-$151,500
$91,000-$116,250
$70,750-$91,000
Over $202,000
Over $151,500
Over $116,250
Over $91,000
Under $60,500
Under $55,500
Under $40,500
Under $35,250
$60,500-$70,750
$55,500-$65,750
$40,500-$50,500
$35,250-$40,500
Over $70,750
Over $65,750
Over $50,500
Over $40,500
Under $75,750
Under $60,500
Under $45,500
Under $40,500
$75,750-$106,000
$60,500-$75,750
$45,500-$55,500
$40,500-$48,000
Over $106,000
Over $75,750
Over $55,500
Over $48,000
Under $65,750
Under $55,500
Under $45,500
Under $35,250
$65,750-$85,750
$55,500-$65,750
$45,500-$55,500
$35,250-$45,500
Over $85,750
Over $65,750
Over $55,500
Over $45,500
General Accounting Department
Accounting Manager
Senior Accountant
Staff Accountant (1-3 years)
Staff Accountant (up to 1 year)
Tax Department
Tax Manager
Tax Senior
Tax Accountant (1-3 years)
Tax Accountant (up to 1 year)
Cost Accounting Department
Cost Accounting Manager
Senior Cost Accountant
Cost Accountant (1-3 years)
Cost Accountant (up to 1 year)
*Bonuses and incentives are a significant part of overall compensation at
these levels and are not included in the CFS salary ranges.
Creative Financial Staffing
www.cfstaffing.com
2012 | Cleveland Local Salaries
Small Companies
Position/Title
Low
Middle
High
Internal Audit Department
Internal Audit Director
Internal Audit Manager
Internal Audit Senior
Internal Auditor (1-3 years)
Internal Auditor (up to 1 year)
Under $111,000
Under $75,750
Under $60,500
Under $45,500
Under $40,500
$111,000-$141,500
$75,750-$101,000
$60,500-$75,750
$45,500-$55,500
$40,500-$48,000
Over $141,500
Over $101,000
Over $75,750
Over $55,500
Over $48,000
Under $70,750
Under $55,500
Under $45,500
$70,750-$91,000
$55,500-$75,750
$45,500-$55,500
Over $91,000
Over $75,750
Over $55,500
Under $45,500
Under $35,250
Under $40,500
Under $48,000
Under $30,250
Under $30,250
Under $30,250
Under $30,250
$45,500-$53,500
$35,250-$41,500
$40,500-$50,500
$48,000-$60,500
$30,250-$40,500
$30,250-$35,250
$30,250-$35,250
$30,250-$35,250
Over $53,500
Over $41,500
Over $50,500
Over $60,500
Over $40,500
Over $35,250
Over $35,250
Over $35,250
Under $48,000
Under $30,250
$48,000-$60,500
$30,250-$40,500
Over $60,500
Over $40,500
Analysis
Manager of Cost, Financial or Budget Analysis
Senior Cost, Financial or Budget Analyst
Cost, Financial or Budget Analyst
Operations
Full Charge Bookkeeper
Bookkeeper
AP/AR Manager
Payroll Manager
Accounting Clerk
AP/AR Clerk
Payroll Clerk
Billing Clerk
Credit & Collections
Credit & Collections Manager
Commercial Collector
Creative Financial Staffing
www.cfstaffing.com
2012 | Cleveland Local 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.
Position/Title
Low
Middle
High
Under $111,000
Under $85,750
Under $67,750
Under $50,500
$111,000-$171,750
$85,750-$116,250
$67,750-$81,750
$50,500-$65,750
Over $171,750
Over $116,250
Over $81,750
Over $65,750
Under $101,000
Under $80,750
Under $60,500
Under $45,500
$101,000-$141,500
$80,750-$101,000
$60,500-$75,750
$45,500-$55,500
Over $141,500
Over $101,000
Over $75,750
Over $55,500
Under $91,000
Under $70,750
Under $55,500
Under $40,500
$91,000-$111,000
$70,750-$91,000
$55,500-$65,750
$40,500-$50,500
Over $111,000
Over $91,000
Over $65,750
Over $50,500
Large Firms
Senior Manager/Director*
Manager*
Senior (3+ years)
Staff (up to 3 years)
Medium Firms
Senior Manager/Director*
Manager*
Senior (3+ years)
Staff (up to 3 years)
Small Firms
Senior Manager/Director*
Manager*
Senior (3+ years)
Staff (up to 3 years)
*Bonuses and incentives are a significant part of overall compensation at
these levels and are not included in the CFS salary ranges.
Creative Financial Staffing
www.cfstaffing.com
2012 | Glossary
The Glossary provides the definition of
the financial and accounting positions and
terminology used throughout the 2012
CFS Salary Guide.
2012 | 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.
2012 | 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.
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.
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 Accountant
Completes professional tax accounting activities
for an organization. Sets up and retains
organization’s tax records. Files tax returns and
prepares related reports.
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.
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.
2012 | 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.
2012 | 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.
2012 | 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.
About Creative Financial Staffing
Creative Financial Staffing (CFS) is the world’s
largest staffing company specializing exclusively in the
placement of accounting and financial professionals.
Founded in 1994, CFS is unique in that it is the only
temporary and permanent staffing agency in the world to
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.
Project Support & Interim Management Services
Non-stop support for interim management. With over
18 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.
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.
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 www.cfstaffing.com.