March 2011 Newsletter for Accounting Professsionals

Posted on by Dianedelgadolemaire

I am sure you are eager to hear what is going on in Houston. January started off with a “BANG” while February slowed down considerably . The good news though is March is off to a great start! My analysis is that most of our clients here at CFS are either upgrading current talent or replacing positions vacated by previous employees who found more opportunistic roles. We have also observed many of our clients taking their time to finalize hiring decisions, so expect the interview process to take longer than before. Currently, hiring managers are remaining conservative with their offers. This is due to their impression of an overabundance of “A Class” candidates seeking new roles. So for now, expect there to not be a significant increase in salary offers or sign-on bonuses. The good news however is that all of us here at CFS are feeling the shift in the market activity and everyone is excited for that.

Local Statistics:

******According to the Census the Houston – Sugar Land – Baytown area gained over 1.23 million residents in the past 10 years*****

Here is a link to the The Economy at a Glance from the Greater Houston Partnership that talks about the census results: http://wp.me/puDjI-am

  • National / Houston Unemployment Rate: 8.9% / 8.3%
  • Price of Oil:  $101.00 (last year $76)
  • Oil Rig Count: 1711 (last year 1267)
  • Industries hiring: Exploration & Production, Manufacturing, Service Companies, Large Commercial Construction companies
  • Positions in demand: 2 to 8 year Accountants, Financial Analysts, SEC Reporting, Auditors, Controllers
  • Industries not hiring or flat: Homebuilding, Small Construction companies
Local Searches

  • 4 Full Time Consultants (combination Audit and Industry Background, CPA) 60 to 110K
  • IT Auditor- Greenway
  • SEC Reporting Manager – West Houston – 85 to 95K
  • Audit Manager – Galleria – Looking for Seniors ready for the next step – 80 to 85K
  • Cost Accounting Manager – 85K – North Houston
  • Senior Internal Auditor – Greenway – 65 to 75K
  • Staff Accountant – Southwest  55K
  • Staff Internal Audit – West Houston – 55 to 65K
  • Financial Reporting Analyst – DT – E&P, 65 to 85K
  • CFO – 125K – Portfolio Co. 20 million – PE – Must have public accounting in background
  • Assistant Controller  West Houston – 110 to 135K
  • Jr. Financial Analyst – Corporate – Northwest Houston, 55 to 65K 
  • CFO / VP Finance – Private Equity – 125K plus 25K bonus
  • Revenue Accountant (Onshore) – North Houston – 48 to 54K
  • Director of Finance – Southeast Houston – 135K
  • Fixed Asset Accoutant- 60K – Southeast Houston
  • Payroll Accountant – 55K – North Houston
  • Controller – Standard Cost Background – 25 million – 90 to 95K – Northwest Houston

National Searches
  • Senior Accountant 60 to 75K – Ft. Lauderdale, FL
  • Sr. Royalty Audit Manager, 125K plus, Los Angeles, CA
  • Nonprofit Tax Manager/Senior Manager, 125K plus Los Angeles, CA
  • Global Finance ERP Manager – 175K plus – Northbrook, IL
  • Director of International Tax, Pittsburgh, PA 85 to 125K 

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