It’s 2017 and there are key positions that you’ll likely need to hire for to remain a top competitor. Here, we’ll focus on the five top jobs we rank as most important to fill now due to extremely high demand. And if you haven’t seen it yet, click here to check out Part I.
5: Chief Financial Officer
CFOs are the “top dogs” of their organizations’ financial operations. They coordinate all financial matters of the business, including accounting, financial, and internal control functions within an organization. CFOs need to have a keen awareness of the company’s financial position and direction, where the overall financial strengths and weaknesses lie, who is handling which financial matters, and the statuses of budgets and cash flow. They report to the remainder of the C-Suite on all financial matters. Of course, CFOs are far from beginners. They generally have no less than fifteen years of experience. Likewise, they command top salaries, ranging from $237,000 to over $1 million.
4: Compliance Manager
No organization wants to violate the plethora of federal, state, or local regulations to which they’re subject. Compliance managers safeguard against that. They ensure that policies and procedures are developed, implemented, maintained, and revised as needed to comply with applicable laws. As managers, they generally have no less than seven years of experience and can expect to earn between about $81,000 and $130,000.
Controllers generally answer directly to the CFO and oversee the accounting and finance operations to ensure that the appropriate systems and controls are in place. These systems protect assets and accurately report financial matters to leadership and outside stakeholders. They work with leadership to identify various strengths and weaknesses in the organization’s systems and to identify potential risks. Controllers usually have no less than fifteen years on the job and take home between about $129,000 and $388,000.
2: Financial Analyst
Financial analysts are usually very new to the industry, often fresh out of school. Their main role is to analyze past and present performance and financial data of a particular organization. They then assemble the information in a format that is useful to those making strategic decisions. They usually have no more than two years’ worth of experience and, therefore, stand to earn between about $42,000 and $66,000.
Treasurers, the folks who direct and coordinate the organization’s treasury activities, are in highest demand for 2017. They oversee the cash flow and cash equivalents in and out of the organization, and are responsible for ensuring that it is all accounted for. They are hard to find, though, since they typically have no less than fifteen years of experience. Expect to compensate them generously, paying between about $142,000 and $444,000.
To find out some of the other top jobs to hire for in 2017, don’t forget to check out Part I . To find out more about what your competitors are paying and to get fresh labor market insights, request a copy of our 2017 Accounting and Finance Salary Guide.