2018 SALARY GUIDE. Accountancy & Finance.

Transcription

1 2018 SALARY GUIDE Accountancy & Finance

2 ACCOUNTANCY & FINANCE In Demand for 2018 Practice Hot Jobs Tax Manager External Audit Senior Internal Audit Senior Transactional Corporate Finance Financial Reporting Senior Top Skills External audit skills Internal controls skills Due diligence skills Forensic accounting skills Risk consulting skills Top Tip For 2018 Gaining exposure to other disciplines while in your current practice will give you the edge needed over other candidates. Accountancy practices of all sizes continue to benefit from the growing Irish economy. The practice market in 2017 experienced growth across most firms particularly in the larger, Top 20 ranked companies. The surge in business has resulted in expansion across all departments including tax, audit, risk, payroll and most notably corporate finance and advisory. Due to positive market conditions, firms sitting in the Top 7 are now competing with the Big 4 for many contracts, particularly in the advisory space. This has led to an increase in demand for senior grade candidates who in turn have ambitions to fast track their careers to managerial level. One by-product of the current employment landscape in practice is that we will see a greater amount of firms allowing for more frequent employee transition between divisions to promote retention. This can help produce a more well-rounded accountant who is adding value to their careers so is a win-win for both parties.

3 Salaries in 2018 Sigmar Recruitment Salary Guide 2016 Practices in the past have sometimes struggled with retention, however, we have seen a shift somewhat with some firms now offering higher basic salary levels than in previous years to retain their people. In addition, improved benefits on offer include bonuses at certain levels and the all elusive work-life balance which in the past had not been a benefit you would have associated with accountancy firms. There is every indication that 2018 will see accountancy firms shift up into another recruitment gear with an increase in graduate intake and experienced hiring. Therefore it is natural that all firms will need to do their utmost to retain the best talent on the market and salary levels will continue to rise due to this. ADVISORY Advisory Senior (Qualified) 50-58k 45-50k Advisory Manager 58-68k 50-63k Advisory Senior Manager 68-90k 63-85k Advisory Director k k + EXTERNAL AUDIT Audit Semi Senior (Part Qualified) 20-35k 19-32k Audit Senior (Part Qualified / Qualified) 35-52k 32-45k Assistant Audit Manager 52-58k 45-55k Audit Manager 58-68k 55-63k Audit Senior Manager 68-90k 63-85k Audit Director k k + TAXATION Tax Semi Senior (Part Qualified) 20-35k 19-32k Tax Senior (Part Qualified / Qualified) 35-52k 32-45k Tax Assistant Manager 52-58k 45-55k Tax Manager 58-68k 55-63k Tax Senior Manager 68-90k 63-85k Tax Director k k +

4 In Demand for 2018 Financial Services Hot Jobs Recently Qualified Accountant Financial Accountant Regulatory Accountant Internal Audit Tax Accountant Top Skills Corporate governance skills Financial analysis skills Client management skills Audit and compliance skills Technical accounting skills BREXIT boosts an already healthy Irish Financial Services jobs market. The financial services jobs market for accountancy professionals continued it s upwards growth trend last year. Even without the added benefit of companies relocating to Ireland post BREXIT, the confidence of both employer and employee alike has produced a healthy landscape with more opportunity for those who wish to change jobs. There is no doubt BREXIT has been a major contributor to the growth in the financial services jobs market. We have seen major international companies relocate operations to Dublin and others who already have a presence here have laid out plans to significantly increase their headcount. This is all positive news for jobseekers. Not only does this create opportunities that would not have existed without BREXIT, it also increases churn in the market involving more established financial services companies in Ireland who subsequently end up with more vacancies themselves. Top Tip For 2018 These developments have contributed significantly to salary growth across most accountancy positions. Get involved in more projects. A lot of companies are going through change, often associated with growth. If you are gaining additional experience in projects, whether this is a process improvement project or a systems implementation project, this will certainly make you more employable within the accountancy job market in Salaries in 2018 The major developments mentioned have contributed significantly to salary growth across most accountancy positions with increases of 5-10% apparent. Increased opportunity for jobseekers has pushed salaries up at a noticeable rate and we see this continuing throughout 2018 in the financial services sector. Supply and demand factors will result in some positions seeing a bigger increase than others, however, it is anticipated that all positions within the accountancy field will see growth over the year ahead.

5 1-2 Years Exp 3-5 Years Exp 5 Years+ Exp 1-2 Years Exp 3-5 Years Exp 5 Years+ Exp Accounts Receivable 28-34k 34-38k 38k k 32-34k 34k + Accounts Payable 28-34k 34-38k 38k k 32-34k 34k + Transfer Pricing Specialist 50-55k 55-60k 65k k 45-55k 55k + Group Accountant 50-55k 55-62k 62k k 52-56k 56k + Statutory Accountant 50-55k 55-62k 62k k 52-56k 56k + Financial Planning and Analysis 50-56k 56-62k 62k k 52-56k 56k + MI Analyst 50-56k 56-62k 62k k 52-56k 56k + Business Analyst 48-52k 52-56k 56k k 48-52k 52k + Pensions Accountant 45-50k 50-55k 55k k 48-52k 52k + Solvency II Accountant 50-56k 56-62k 62k k 52-56k 56k + Part Qualified Accountant (Reg Reporting, Fin Reporting, Global markets, Group finance ) 38-42k 42-45k 45k k 35-40k 40-45k SPV Accountant 50-60k 60-65k 65k k 52-56k 56k + Sox Accountant 50-60k 60-65k 65k k 52-56k 56k + Compliance Accountant 50-60k 60-65k 65k k 52-56k 56k + Treasury Accountant 50-60k 60-65k 65k k 52-56k 56k + Internal Auditor 50-60k 60-65k 65k k 52-56k 56k + Regulatory Reporting Accountant (Qualified) 50-60k 60-65k 65k k 52-56k 56k + Financial Reporting Accountant (Qualified) 50-60k 60-65k 65k k 52-56k 56k + Finance Analyst (Qualified) 50-60k 60-65k 65k k 52-56k 56k + Management Accountant (Qualified) 50-60k 60-65k 65k k 52-56k 56k + Financial Accountant (Qualified) 50-60k 60-65k 65k k 52-56k 56k + Compliance Manager 60-70k 70-85k 85k k 62-66k 66k + Treasury Manager 60-70k 70-85k 85k k 62-66k 66k + Internal Audit Manager 60-65k 65-75k 75k k 62-66k 66k + Finance Manager 60-70k 70-78k 78k k 62-68k 68k + Financial Reporting Manager 60-70k 70-78k 78k k 62-68k 68k + Head of Financial Reporting 75-85k 85-95k 95k k 75-80k 80k + Financial Controller 75-85k 85-95k 95k k 70-75k 75k + Finance Director k k 120k k k 100k +

6 In Demand for 2018 Industry & Commerce Hot Jobs Recently Qualified Accountant Financial Accountant Management Accountant Financial Analyst Tax Accountant Top Skills A-Z accounts preparation skills Auditing skills Financial planning skills Financial modelling skills Cost accounting skills Salaries in was a positive year for salary growth throughout Ireland within the industry sector, especially in Dublin. With more opportunities for recently qualified accountants, the competition to hire at this level has increased significantly. Whilst this level has seen the biggest increase in salaries, there have been increases across the board for accountancy professionals at nearly all levels within the industry sectors. We anticipate these factors will continue to push accountancy salaries northwards in There has been noticeable salary growth and no sign of BREXIT destabilising the industry jobs market. With the economy continuing to grow at a relatively fast pace, this has resulted in more job creation across most sectors. As has been the case for the past few decades, it is the multinational companies creating the most job opportunities for accountancy professionals. However, we have also started to see a return to growth within the SME sector, a sector which until now had not made much of a recovery from the recession. The past year saw many new companies open offices in Ireland, particularly in Dublin. Technology and pharmaceutical companies have continued to be the prominent players in regards to job creation, however, we have also seen some successful indigenous companies add significantly to their workforce. As with the other industries that employ accountancy professionals, job creation can create a domino effect which leads to even more opportunity across the market as people leave established jobs to start a newly created one. What has coincided with job creation over the past few years has been an increased level of jobseeker confidence within the industry sectors. The fear associated with moving jobs has subsided notably. There will continue to be concerns over the long-term effects of BREXIT on some industries and the wider Irish economy, however, this uncertainty is not curtailing growth and affecting the job market at this moment in time. Top Tip For 2018 Stay up to date with developments in the world of accounting standards. Undertaking a course relating to these changes can help you differentiate yourself from other candidates if you have obtained a relevant and up-to-date certificate.

7 1-2 Years Exp 3-5 Years Exp 5 Years+ Exp 1-2 Years Exp 3-5 Years Exp 5 Years+ Exp Accounts Assistant/Technician 28-30k 30-36k 38k k 27-32k 33k + Accounts Receivable/OTC 28-30k 30-36k 38k k 27-32k 33k + Accounts Payable/P2P 28-32k 32-36k 36k k 28-33k 33k + Accounts Payable Team Leader 40-42k 42-48k 48k k 36-40k 40k + Accounts Payable Manager 42-45k 48-58k 58k k 45-48k 48k + Credit Control 27-31k 32-37k 38k k 28-30k 30k + Credit Control/AR Team Leader 30-38k 38-45k 45k k 35-38k 38k + Credit Manager/AR Manager 45-50k 50-62k 62k k 45-50k 50k + Payroll Administrator 28-32k 32-38k 40k k 28-30k 33k + Payroll Manager 38-40k 40-50k 50k k 35-40k 42k + Part Qualified/Assistant GL Accountant 30-35k 35-42k 42k k 30-36k 36k + Finalist 38-40k 42-47k 48k k 40-46k 46k + Financial/GL/R2R Accountant 52-55k 55-62k 63k k 46-52k 53k + Treasury Accountant 52-53k 53-60k 62k k 45-52k 52k + Treasury Manager 58-64k 65-72k 73k k 55-60k 65k + Revenue Accountant 52-54k 55-60k 62k k 45-47k 50k + Revenue Manager 65-70k 70-75k 75k k 60-65k 65k + Regulatory Accountant 52-55k 56-60k 62k k 46-50k 50k + Regulatory Manager 65-70k 70-80k 80k k 60-65k 70k + Statutory Accountant 53-55k 56-61k 62k k 46-50k 55k + Cost Accountant 52-55k 55-60k 60k k 43-47k 47k + Management Accountant 53-55k 55-60k 60k k 43-46k 48k + Fixed Assets Accountant 52-54k 55-60k 60k k 43-46k 47k + Systems Accountant 53-58k 58-65k 65k k 52-55k 56k + Process Improvement Senior (LEAN, SOX, SIX Sigma, etc.) Process Improvement Manager (LEAN, SOX, SIX Sigma, etc.) 65-70k 70-75k 75k k 60-65k 65k k k 100k k 75-80k 80k + Financial Analyst 53-58k 57-65k 66k k 47-52k 53k + FP&A Manager 65-70k 70-80k 80k k 60-65k 65k + VAT Accountant 52-55k 55-60k 60k k 46-50k 51k + VAT Manager 63-65k 66-75k 75k k 60-65k 65k + Tax Accountant 52-56k 56-62k 62k k 47-50k 50k + Tax Manager 63-66k 66-75k 75k k 65-70k 70k +

8 1-2 Years Exp 3-5 Years Exp 5 Years+ Exp 1-2 Years Exp 3-5 Years Exp 5 Years+ Exp Internal Auditor 53-58k 58-65k 68k k 45-50k 55k + Internal Audit Manager 70-80k 80-90k 90k k 70-75k 75k + Head of Audit & Compliance 84-90k k 100k k 75-80k 80-85k + Finance Manager 65-72k 72-77k 78k k 62-65k 66k + Financial Controller/Head of Finance 73-85k 85-95k 95k k 70-75k 75k + CFO/Financial Director 88-95k k 110k k 85-95k 100k + All salaries taken as annual in euros, based on working in Ireland. Bonus/car allowance not included. Figures are based on current market rates. Salaries are subject to variances based on the individual, the company size and other external factors. Parameters indicate the highest and lowest salary level for each position. Never miss an accountancy job Follow Get in touch with our team by ing accountancy@sigmar.ie or call us on

9 Sigmar Recruitment, established in 2002, is a leading Irish recruitment services company with 14 specialist divisions across the entire recruitment process and managed service spectrum. Winner of 45 awards for recruitment excellence and workplace culture, we employ over 120 industry specialists in Dublin, Cork, Galway and Tralee. Our experience extends across: Accountancy & Finance, Banking & Financial Services, Construction & Property Services, Engineering & Manufacturing, HR, Insurance, IT, Legal & Compliance, Life Sciences, Marketing, Multilingual, Office Support, Sales and Supply Chain. Find out more about us at Dublin 13 Hume Street, Dublin D02 F861 Tel: +353 (0) dublin@sigmar.ie Galway Dockgate, Dock Road, Galway H91 PC04 Tel: +353 (0) galway@sigmar.ie Cork 33 South Bank, Crosses Green, Cork T12 F611 Tel: +353 (0) cork@sigmar.ie Tralee Unit 4, Liber House, Monavalley Business Park, Tralee V92 NN80 tralee@sigmar.ie