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Exempt Accountant Jobs in Springfield, IL (NOW HIRING)

Grocery FLSA : Non-Exempt General Function : Provides prompt, efficient and friendly customer ... Understands the basics of store accounting. * Maintains strict adherence to department and company ...

Community Manager

Springfield, IL · On-site

$50K - $58K/yr

This position is Exempt, meaning ineligible for overtime pay Compensation for this position is ... Strong financial acumen, including budget management and accounting principles. * Experience with ...

Grocery FLSA : Non-Exempt General Function : Provides prompt, efficient and friendly customer ... Understands the basics of store accounting. * Maintains strict adherence to department and company ...

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Exempt Accountant information

See Springfield, IL salary details

$33.7K

$67.7K

$107.5K

How much do exempt accountant jobs pay per year?

As of Jun 27, 2026, the average yearly pay for exempt accountant in Springfield, IL is $67,718.00, according to ZipRecruiter salary data. Most workers in this role earn between $53,000.00 and $77,800.00 per year, depending on experience, location, and employer.

What are some common challenges faced by Exempt Accountants when managing compliance with changing tax laws?

Exempt Accountants often encounter challenges staying updated with frequently changing tax regulations and ensuring that their organization's financial practices remain compliant. This can involve continuous professional learning, adapting internal processes quickly, and effectively communicating updates to both clients and colleagues. Collaboration with legal and tax advisory teams is crucial, as is maintaining meticulous documentation to avoid compliance issues during audits. Staying proactive and leveraging accounting software can help manage these challenges efficiently.

What is an Exempt Accountant?

An Exempt Accountant is a professional responsible for managing, analyzing, and reporting financial records for an organization, and the term 'exempt' typically refers to their status under the Fair Labor Standards Act (FLSA). This means they are salaried employees who are exempt from overtime pay requirements due to the nature of their job duties and level of responsibility. Exempt Accountants generally handle complex accounting tasks, ensure compliance with financial regulations, and may oversee other staff. Their work is crucial for accurate financial reporting and strategic planning within a business.

What jobs pay $10,000 a month without a degree?

Exempt accountants typically require a degree, but high-paying roles without a degree include sales managers, real estate brokers, and certain tech sales positions, which can reach or exceed $10,000 monthly with experience and commissions. Skilled trades like commercial pilots or specialized construction managers may also earn high salaries without formal degrees, often relying on certifications and experience.

Can you make $500,000 a year as an accountant?

Exempt accountants typically earn between $60,000 and $120,000 annually, with top executives or specialized senior accountants potentially reaching higher salaries. Earning $500,000 a year is uncommon and usually requires executive-level positions, extensive experience, or ownership in a firm. Advanced certifications like CPA or CMA and strong industry networks can contribute to higher earnings, but such high salaries are rare for standard accounting roles.

Are accountants usually exempt?

Accountants, including exempt accountants, are often classified as exempt under the Fair Labor Standards Act if they perform professional, administrative, or executive duties and meet certain salary thresholds. Exempt status means they are not eligible for overtime pay, and their classification depends on their job responsibilities and salary level. Many accountants in salaried positions are considered exempt, especially if they hold professional certifications like CPA and have managerial or specialized roles.

What is the difference between Exempt Accountant vs Staff Accountant?

AspectExempt AccountantStaff Accountant
CredentialsBachelor's degree in accounting or related field; CPA often preferredBachelor's degree in accounting or related field; CPA optional
Work EnvironmentCorporate finance, accounting departments, or consulting firmsPublic accounting firms, corporate finance teams, or small businesses
Employer & Industry UsageUsed across industries for higher-level accounting roles with managerial responsibilitiesCommon entry-level or mid-level role in accounting firms and companies

The main difference is that an Exempt Accountant typically holds a higher-level, often specialized role with managerial or senior responsibilities, and may require CPA certification. A Staff Accountant is usually an entry- to mid-level position focused on routine accounting tasks. Both roles require similar educational backgrounds, but their responsibilities and work environments differ significantly.

Why are CPAs declining?

The decline in CPAs is often due to increased automation of accounting tasks through software, which reduces the demand for traditional accounting roles. Additionally, some professionals pursue alternative certifications or roles in finance, leading to a shift in the accounting workforce. However, CPAs with specialized skills or in niche areas remain in demand.

What are the key skills and qualifications needed to thrive as an Exempt Accountant, and why are they important?

To thrive as an Exempt Accountant, you need a solid understanding of accounting principles, financial reporting, and regulatory compliance, generally supported by a bachelor's degree in accounting or finance. Familiarity with accounting software such as SAP, Oracle, or QuickBooks and certifications like CPA are commonly required. Analytical thinking, attention to detail, and effective communication are crucial soft skills for interpreting data and collaborating with stakeholders. These skills and qualities ensure accurate financial management, regulatory adherence, and the ability to provide valuable insights for business decision-making.
What are the most commonly searched types of Accountant jobs in Springfield, IL? The most popular types of Accountant jobs in Springfield, IL are:
What job categories do people searching Exempt Accountant jobs in Springfield, IL look for? The top searched job categories for Exempt Accountant jobs in Springfield, IL are:
What cities near Springfield, IL are hiring for Exempt Accountant jobs? Cities near Springfield, IL with the most Exempt Accountant job openings:

Manager of Banking Operations

Office of the Illinois State Treasurer

Springfield, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago


Job description


JOB OPPORTUNITY ANNOUNCEMENT

Position Title:            Manager of Banking Operations
Division:                     State, Investments, and Banking
Classification:            Exempt
Location:                    Springfield 
Salary:                        $86,000 - $90,000
 
Position Summary:
The Manager of Banking Operations is responsible for planning, organizing, and directing assigned aspects of the State Banking Division according to Illinois law and office policies, including compliance with all internal and external audit controls under the direction of the Division Director and Deputy Director. This position serves as an authorized investment officer for State Investments.  Attendance is an essential function of this position.Duties and Responsibilities:
  • Performs calculations to determine available cash balances of various funds in the State Treasury and authorizes investments in the specific accounts based on Illinois law with guidance from Division Director and Deputy Director
  • Reviews and approves Automated Clearing House (ACH) and wire transfer activity initiated by support staff
  • Reviews and approves transactions recorded daily to the appropriate systems by support staff
  • Monitors the balancing process for all financial institutions on behalf of the Illinois State Treasury to ensure the accurate and timely completion of prescribed procedures
  • Works closely with Illinois State agencies on electronic solutions for receiving deposits 
  • Maintains the integrity and ensures that all financial information concerning investments has been accurately accounted for on the appropriate State Treasury’s information technology systems
  • Responsible for the compiling and disseminating of documentation for the respective annual fiscal audit, transition audit and internal audit
  • Responsible for SOC-1, or other externally audited reports, analysis, including requesting all required documentation from contractual financial institutions, vendors and sub-service providers along with preparing the report for senior staff of the Division
  • Responsible for performing quarterly due diligence reviews on contractual financial institutions and providing an analysis to senior staff
  • Serves as a primary security administrator for all treasury/cash management systems
  • Serves as the Treasurer’s liaison to all state agencies in providing support and assistance on electronic funds transfer (EFT) and federal government draw down programs
  • Assists with the resolution of draw down discrepancies, preparation of necessary documentation and provides direction for ensuring timely receipt of funds into the Comptroller’s accounting system
  • Works closely with Division of Fiscal Operations to assist with correcting any discrepancies on bank account reconciliations
  • Provides reports and information of a complex nature on special projects and Request for Proposals (RFP) for banking and treasury services/systems
  • A member of the RFP review team for banking and treasury management services/systems
  • Responsible for the management of the entire process related to the payment and reimbursement of Illinois College Bonds
  • Serves as an authorized investment officer for the State Investments, executing trades at the direction of the Chief Banking Officer, Director of State Banking, Deputy Director of State Banking, Director of State Investments, and/or Deputy Director of State Investments.
  • Supports the senior management of State Banking in the daily operations
  • Creates and performs analysis on complex statistics and financial information as necessary to generate accurate and timely reporting to management
  • Assists with special treasury and banking projects/reports
  • Works with senior management in the research, testing and implementation of ways to improve the efficiency of the State Banking Division through the use of new processes, procedures and/or systems
  • Promotes a positive, productive working relationship between members of the State Banking Division Staff and other members of the Office of the Illinois State Treasurer, other Illinois State agencies, the general public, and contacts at other financial institutions
  • Supervises assigned workflow and staff
  • Interviews and trains assigned employees, plans, assigns, and directs work, appraises performance, and provides positive feedback and constructive criticism to employees
  • Performs other duties as assigned or required which are reasonably related to the duties enumerated above
Staff Leadership & Training:
  • Attends continuing education conferences
  • Attends annual training sessions with respect to treasury management services
Specific Skills:
  • Strong Microsoft Office product knowledge, with the ability to create complex spreadsheets
  • Excellent communication skills
  • Strong organizational skills
  • Strong analytical skills
  • Detail oriented
  • Strong interpersonal skills
  • The ability to multi-task and work in a team environment
  • Ability to maintain satisfactory working relationships and communicate effectively with all levels of staff and the general public
Duties and Responsibilities:
Bachelor’s degree in accounting/finance/business or any related field; five (5) or more years of experience in areas of banking with an emphasis in investment and trust operations; two (2) or more years of experience in supervising a small staff; OR any equivalent combination of education and experience that provides the required knowledge, skills, and abilities to carry out the duties of the position.
Illinois State Treasurer Employee Benefits:
As a State of Illinois Employee, you will receive a robust benefit package that includes the following:
  • A Pension Program
  • Competitive Group Insurance Benefits including Health, Life, Dental and Vision Insurance
  • Up to 4 Paid Personal Business Days annually
  • 12 Paid Sick Days annually (Sick days carry over from year to year)
  • 15-25 Days of Paid Vacation time annually - (15 days in year one of employment)
  • 13 Paid Holidays annually, 14 on even numbered years, and 1 Floating Holiday.
  • 12 Weeks Paid Parental Leave
  • Deferred Compensation Program - A supplemental retirement plan
  • Optional Pre-Tax Programs such as Medical Care Assistance Plan (MCAP), Dependent Care Assistance Plan (DCAP)
  • Federal Public Service Loan Forgiveness Program eligibility
  • Commuter Savings Program (Chicago only)
For more information about our benefits please visit:https://cms.illinois.gov/benefits/stateemployee.html
Application Process:  Please visit https://illinoisstatetreasurer.applytojob.com/apply to apply by completing the online application, upload a resume and letter of interest.
 

Equal Employment Opportunity Employer. Applicants must be lawfully authorized to work in the United States.

Applicants are considered for all positions without regard to race, color, religion, sex, national origin, sexual orientation, age, marital or veteran status, or the presence of a non-job related medical condition or disability.

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