Salary Guide 2018/19 Accountancy & Finance

Transcription

1 SPECIALIST RECRUITERS Executive Finance & Accountancy Salary Guide 2018/19 Accountancy & Finance CENTRAL, JENNINGS MORTON FRIEL ASSOCIATES

2 SALARY GUIDE Contents INTRODUCTION 3-4 SALARY RANGES ACCOUNTANCY AND FINANCE 5 SME Qualified 6 Part-Qualified & AAT Qualified 7 Qualified by Experience 8 Transactional & Middle Management 9 Transactional & Middle Management (continued) 10 Large Company Executive Level 11 Qualified 12 Part-Qualified & AAT Qualified 13 Qualified by Experience 14 Transactional & Middle Management 15 Transactional & Middle Management (continued) 16 ABOUT US Contact us 17 2 JENNINGS MORTON FRIEL ASSOCIATES

3 INTRODUCTION Salary Guide Autumn 2018/Spring 2019 Each year, Jennings Morton Friel Associates deliver a detailed salary guide to our network of employers and candidates in late summer/early autumn. The guide provides a quick view of key salary metrics alongside our interpretation of the market as a whole up to and including Quarter 3. A useful reference point for end of year remuneration discussions. Last year was a challenging year for Permanent recruitment, with uncertainty around Brexit affecting employer and candidate confidence. Roles in 2017 took longer to fill, however as we approach 2019, with Brexit uncertainty more prevalent within business, contrastingly companies now appear to be reacting faster to fill vacant positions in A recent UK Government report confirmed a 43% drop in the level of people migrating from the European Union to the UK. Which we feel has led to an increasing shortage of talent within the market place, and contributed to a sharp rise in salaries, particularly across Transactional to Middle Management job categories. This is further underlined by data from the Office for National Statistics; which signalled that average weekly earnings in the South East increased by 4.7% to 710. As we approach the final quarter of 2018, demand remains high for Finalist Part Qualified and Recently Qualified Accountants, particularly with Finance Business Partnering skills and/or strong MS Excel. Requirements for candidates from Practice are also significant, with businesses and organisations making attractive offers to entice recently Qualified Chartered and Certified Chartered into Industry; More commonly as Financial Accountants, as well as Finance Managers/Business Partners and Analysts. Salaries have therefore increased in these entire job roles this year. We have yet to see this trend impact on Executive salaries, however, are carefully monitoring its development. The counter offer seems to making a return; an uncommon occurrence since the era before the financial crisis. As of August 2018, the South East of England has seen a sharp and accelerated rise in permanent job vacancies and a steeper reduction in candidate supply. The inevitability of which has been a steep rise in salary inflation. The latest increase in starting pay for permanent workers was the quickest recorded since September 2017 (source - IHS Markit Economics). The desire for workplace flexibility is very much on the agenda and will remain so well into Flexible working being a frequent talking point between companies and employees. This topic includes working from home, flexitime, increasing holiday entitlement, and/or additional personal days offered for exams, revision, duvet days, birthday, volunteering or moving days - The list expanding to cope with modern day working and life requirements. JENNINGS MORTON FRIEL ASSOCIATES 3

4 INTRODUCTION Temporary pay rates have increased for Transactional roles through to Newly Qualified Accountants. The Qualified Interim market has remained static; with technology companies increasingly driving people requirements across a number of Senior Finance and Middle Management roles, as other industries, particularly Retail and Banking, reduce or right size staffing levels. In closing, we hope you find the guide useful. Our role as specialist recruiters enables us to discover market conditions directly from candidates and senior decision makers. We are able to share knowledge within our network, and build close partnerships with both companies and exceptional candidates alike. If you require further details or have questions about other staff benefits, including study support considerations, then please contact us here at JMF. We look forward to hearing from you. hello@jmfassociates.co.uk Tel #jmfassociates JENNINGS MORTON FRIEL ASSOCIATES 4

5 Accountancy and Finance SME Company Salary Ranges P6-10 Large Company Salary Ranges P11-16 JENNINGS MORTON FRIEL ASSOCIATES 5

6 SME Company Qualified FINANCIAL CONTROLLER 50K - 75K 55K - 90K FINANCIAL ACCOUNTANT 45K - 55K 50K - 65K COMPANY ACCOUNTANT 50K - 60K 55K - 65K SENIOR MANAGEMENT ACCOUNTANT 50K - 70K 55K - 80K MANAGEMENT ACCOUNTANT 45K - 55K 50K - 65K FP&A 50K - 60K 55K - 75K FINANCE MANAGER 45K - 60K 50K - 65K FINANCE BUSINESS PARTNER 50K - 60K 55K - 70K COMMERCIAL FINANCE MANAGER 50K - 65K 55K - 75K NEWLY QUALIFIED ACA 42K - 50K 50K - 55K NEWLY QUALIFIED ACCA 42K - 50K 50K - 55K NEWLY QUALIFIED CIMA 45K - 50K 47K - 50K QUALIFIED 1-2 ACA 50K - 55K 52K - 60K QUALIFIED 1-2 ACCA 50K - 55K 50K - 60K QUALIFIED 1-2 CIMA 50K - 60K 50K - 60K JENNINGS MORTON FRIEL ASSOCIATES 6

7 SME Company Part-Qualified & AAT Qualified CIMA FINALIST 38K - 45K 40K - 48K ACCA FINALIST 36K - 45K 40K - 48K CIMA PQ (9 TO 11 PAPERS) 32K - 40K 35K - 42K ACCA PQ (9 TO 11 PAPERS) 32K - 40K 35K - 44K CIMA INTERMEDIATE (5 TO 8 PAPERS) 26K - 32K 30K - 34K ACCA INTERMEDIATE (5 TO 8 PAPERS) 26K - 32K 30K - 34K CIMA FOUNDATION (1 TO 5 PAPERS) 24K - 26K 26K - 30K ACCA FOUNDATION (1 TO 5 PAPERS) 24K - 26K 26K - 30K AAT FINANCE MANAGER 35K - 45K 40K - 48K AAT BOOKKEEPER 30K - 38K 32K - 40K AAT ASSISTANT ACCOUNTANT 26K - 35K 30K - 37K AAT ACCOUNTS ASSISTANT 25K - 30K 27K - 33K JENNINGS MORTON FRIEL ASSOCIATES 7

8 SME Company Qualified by Experience FINANCE DIRECTOR 40K - 60K+ 45K - 70K+ HEAD OF FINANCE 40K - 60K+ 45K - 70K+ COMPANY ACCOUNTANT 40K - 55K 40K - 60K FINANCIAL CONTROLLER 40K - 55K 45K - 65K+ FINANCE MANAGER 35K - 50K 40K - 55K MANAGEMENT ACCOUNTANT 35K - 45K 40K - 52K BOOKKEEPER 28K - 35K 32K - 40K ASSISTANT ACCOUNTANT 25K - 33K 27K - 35K JENNINGS MORTON FRIEL ASSOCIATES 8

9 SME Company Transactional & Middle Management ACCOUNTS PAYABLE MANAGER 35K - 45K 40K - 50K ACCOUNTS PAYABLE SUPERVISOR 30K - 38K 35K - 42K ACCOUNTS PAYABLE SENIOR 25K - 30K 30K - 34K ACCOUNTS PAYABLE CLERK 21K - 26K 24K - 30K ACCOUNTS REVEIVABLE MANAGER 36K - 42K 40K - 50K ACCOUNTS RECEIVABLE SUPERVISOR 30K - 38K 35K - 42K ACCOUNTS RECEIVABLE/BILLINGS SNR 26K - 30K 30K - 34K ACCOUNTS RECEIVABLE ASSISTANT 21K - 28K 25K - 30K PAYROLL MANAGER 40K - 55K 45K - 65K PAYROLL SUPERVISOR 30K - 42K 37K - 45K PAYROLL SENIOR 26K - 32K 30K - 35K PAYROLL CLERK 23K - 28K 24K - 29K Continues on the next page JENNINGS MORTON FRIEL ASSOCIATES 9

10 SME Company Transactional & Middle Management (Continued) CREDIT MANAGER 40K - 65K+ 45K - 70K CREDIT SUPERVISOR 30K - 36K 35K - 45K SOLE CHARGE CREDIT CONTROLLER 26K - 35K 28K - 40K SENIOR CREDIT CONTROLLER 28K - 32K 28K - 36K TEAM CREDIT CONTROLLER 23K - 28K 25K - 30K ACCOUNTS ASSISTANT 23K - 28K 25K - 30K ACCOUNTS JUNIOR/TRAINEE 16K - 20K 18K - 22K GRADUATE TRAINEE 20K - 24K 21K - 26K JENNINGS MORTON FRIEL ASSOCIATES 10

11 Large Company Executive Level CFO/GROUP FINANCE DIRECTOR 90K - 180K+ 120K - 250K+ FINANCE DIRECTOR (BOARD) 80K - 120K+ 90K - 180K+ COMMERCIAL DIRECTOR 70K - 120K 75K - 200K DIRECTOR OF ACCOUNTING SERVICES 70K - 110K+ 75K - 125K GROUP FINANCIAL CONTROLLER 70K - 100K+ 90K - 150K+ JENNINGS MORTON FRIEL ASSOCIATES 11

12 Large Company Qualified FINANCIAL CONTROLLER 60K - 90K 70K - 130K GROUP ACCOUNTANT 60K - 70K 68K - 80K SENIOR FINANCIAL ACCOUNTANT 55K - 65K 62K - 75K FINANCIAL ACCOUNTANT 45K - 55K 50K - 65K GROUP MANAGEMENT ACCOUNTANT 55K - 70K 58K - 90K MANAGEMENT ACCOUNTANT 45K - 58K 52K - 70K HEAD OF FP&A 65K - 100K 75K - 120K FP&A 50K - 75K 58K - 80K FINANCE MANAGER 48K - 62K 55K - 70K FINANCE BUSINESS PARTNER 50K - 75K 55K - 90K NEWLY QUALIFIED ACA 45K K 48K - 55K NEWLY QUALIFIED ACCA 45K - 50K 45K - 52K NEWLY QUALIFIED CIMA 45K - 50K 47K - 52K ACA QUALIFIED, 2 YEARS PQE 48K - 60K 50K - 65K ACCA QUALIFIED, 2 YEARS PQE 45K - 55K 48K - 60K CIMA QUALIFIED, 2 YEARS PQE 47K - 55K 50K - 60K JENNINGS MORTON FRIEL ASSOCIATES 12

13 Large Company Part-Qualified & AAT Qualified CIMA FINALIST 38K - 45K 40K - 48K ACCA FINALIST 39K - 45K 40K - 48K CIMA PQ (9 TO 11 PAPERS) 32K - 39K 34K - 43K ACCA PQ (9 TO 11 PAPERS) 32K - 39K 34K - 43K CIMA INTERMEDIATE (5 TO 8 PAPERS) 28K - 34K 29K - 36K ACCA INTERMEDIATE (5 TO 8 PAPERS) 28K - 34K 29K - 36K CIMA FOUNDATION (1 TO 5 PAPERS) 25K - 30K 26K - 31K ACCA FOUNDATION (1 TO 5 PAPERS) 25K - 30K 26K - 31K AAT FINANCE MANAGER 38K - 45K 40K - 48K AAT BOOKKEEPER 30K - 40K 32K - 40K AAT ASSISTANT ACCOUNTANT 26.5K - 35K 28K - 38K AAT ACCOUNTS ASSISTANT 25K - 32K 27K - 36K JENNINGS MORTON FRIEL ASSOCIATES 13

14 Large Company Qualified by Experience FINANCE CONTROLLER/MANAGER 40K - 55K 45K - 65K ACCOUNTANT 40K - 45K 42K - 60K MANAGEMENT ACCOUNTANT 40K - 45K 40K - 50K BOOKKEEPER 30K - 38K 35K - 40K ASSISTANT ACCOUNTANT 29K - 35K 30K - 37K JENNINGS MORTON FRIEL ASSOCIATES 14

15 Large Company Transactional & Middle Management ACCOUNTS PAYABLE MANAGER 40K - 52K 48K - 65K+ ACCOUNTS PAYABLE SUPERVISOR 35K - 39K 38K - 42K ACCOUNTS PAYABLE SENIOR 26K - 30K 29K - 37K ACCOUNTS PAYABLE CLERK 21.5K - 27K 25K - 29K ACCOUNTS REVEIVABLE MANAGER 38K - 50K 45K - 60K+ ACCOUNTS RECEIVABLE SUPERVISOR 32K - 39K 38K - 47K ACCOUNTS RECEIVABLE/BILLINGS SNR 26K - 32K 30K - 36K ACCOUNTS RECEIVABLE ASSISTANT 22K - 29K 25K - 32K PAYROLL MANAGER 40K - 58K 45K - 75K PAYROLL SUPERVISOR 33K - 45K 37K - 48K PAYROLL SENIOR 28K - 35K 30K - 38K PAYROLL CLERK 22K - 30K 24K - 32K Continues on the next page JENNINGS MORTON FRIEL ASSOCIATES 15

16 Large Company Transactional & Middle Management (Continued) CREDIT MANAGER 45K - 75K+ 50K - 85K+ CREDIT SUPERVISOR 36K - 45K 40K - 48K SENIOR CREDIT CONTROLLER 30K - 35K 35K - 40K CREDIT CONTROLLER 24K - 30K 28K - 35K TREASURY MANAGER 50K - 75K 60K - 90K+ TREASURY QUALIFIED 50K - 65K+ 50K - 75K TREASURY ANALYST 35K - 50K 40K - 56K ACCOUNTS ASSISTANT 23K - 29K 26K - 32K ACCOUNTS JUNIOR/TRAINEE 17K - 22K 19K - 23K GRADUATE TRAINEE 21K - 26K 22K - 28K JENNINGS MORTON FRIEL ASSOCIATES 16

17 CONTACT US Contact our client and candidate teams for specialist recruitment advice. ACCOUNTANCY & FINANCE +44 (0) #jmfassociates HEAD OFFICE Duncan House Burnhill Road Beckenham Kent BR3 3LA United Kingdom JMFASSOCIATES.CO.UK 17