2017 Funds Administration Contract & Interim Salary Guide

Susan Nix 01.01.2017

Demand remains high for fund accountants at all levels.

We have seen an increase in anti-money laundering (AML), Know your customer (KYC) and Compliance roles within funds and also an increase in vacancies across Data Governance and corporate actions at all levels. There has also been increased demand for regulatory and monitoring analyst roles within funds. 

Fund Administration Hourly Rates

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Managing Director0 - 365 - 7555 - 6555 - 6555 - 65
3 - 575 - 9065 - 8065 - 8065 - 80
5+90 - 9580 - 8780 - 8780 - 87
Head of Fund Accounting0 - 350 - 6045 - 5545 - 5545 - 55
3 - 560 - 7055 - 6555 - 6555 - 65
5+70 - 7565 - 7065 - 7065 - 70
Senior Fund Accounting Manager0 - 335 - 4032 - 4032 - 4032 - 40
3 - 540 - 4840 - 4540 - 4540 - 45
5+48 - 5545 - 5045 - 5045 - 50
Fund Accounting Manager0 - 323 - 3022 - 2722 - 2722 - 27
3 - 530 - 3327 - 3227 - 3227 - 32
5+33 - 3532 - 3532 - 3532 - 35
Fund Accounting Supervisor0 - 322 - 2517 - 2017 - 2017 - 20
3 - 525 - 2820 - 2220 - 2220 - 22
5+28 - 3022 - 2722 - 2722 - 27
Senior Fund Accountant0 - 316 - 2114 - 1614 - 1614 - 16
3 - 521 - 2316 - 1716 - 1716 - 17
5+23 - 2517 - 2117 - 2017 - 21
Fund Accountant0 - 313 - 1610 - 1312 - 1410 - 13
3 - 516 - 1813 - 1614 - 1613 - 16
5+18 - 2116 - 1816 - 1816 - 18
Head of Custody0 - 345 - 5540 - 5040 - 5040 - 50
3 - 555 - 6550 - 6150 - 6150 - 60
5+65 - 7061 - 6661 - 6660 - 65
Senior Custody Manager0 - 335 - 4032 - 3732 - 3727 - 32
3 - 540 - 4537 - 4037 - 4032 - 35
5+45 - 5040 - 4240 - 4235 - 40
Custody Manager0 - 325 - 3022 - 2722 - 2720 - 22
3 - 530 - 3527 - 3027 - 3022 - 27
5+35 - 4030 - 3230 - 3227 - 30
Custody Supervisor0 - 320 - 2315 - 1715 - 1714 - 16
3 - 523 - 2517 - 2217 - 2216 - 18
5+25 - 2822 - 2522 - 2518 - 20
Custody Officer0 - 313 - 1610 - 1310 - 1310 - 12
3 - 516 - 1813 - 1513 - 1512 - 15
5+18 - 2115 - 1715 - 1715 - 18
Head of Trustee0 - 350 - 6045 - 5545 - 5540 - 45
3 - 560 - 7555 - 7055 - 7045 - 55
5+75 - 8070 - 7570 - 7555 - 60
Senior Trustee Manager0 - 335 - 4332 - 3732 - 3727 - 32
3 - 543 - 5037 - 4537 - 4532 - 35
5+50 - 5545 - 4745 - 4735 - 40
Trustee Manager0 - 328 - 3022 - 2722 - 2720 - 22
3 - 530 - 3527 - 3027 - 3022 - 27
5+35 - 4030 - 3230 - 3227 - 30
Trustee Officer0 - 318 - 2015 - 1915 - 1915 - 19
3 - 520 - 2519 - 2219 - 2219 - 22
5+25 - 3020 - 2220 - 2220 - 22
Head of Transfer Agency0 - 350 - 6045 - 5545 - 5540 - 45
3 - 560 - 7055 - 6055 - 6045 - 50
5+70 - 7560 - 7060 - 7050 - 70
Senior Transfer Agency Manager0 - 340 - 4535 - 4235 - 4228 - 32
3 - 545 - 5042 - 4742 - 4732 - 40
5+50 - 5547 - 5247 - 5240 - 45
Transfer Agency Manager0 - 325 - 3020 - 2720 - 2720 - 25
3 - 530 - 3527 - 3227 - 3225 - 27
5+35 - 4032 - 3532 - 3527 - 30
Transfer Agency Supervisor0 - 321 - 2217 - 2017 - 2014 - 17
3 - 522 - 2420 - 2220 - 2217 - 19
5+24 - 2822 - 2522 - 2519 - 20
Senior Transfer Agency Administrator0 - 317 - 1915 - 1615 - 1613 - 14
3 - 519 - 2116 - 1716 - 1714 - 16
5+21 - 2317 - 1917 - 1916 - 18
Transfer Agency Administrator0 - 313 - 1610 - 1210 - 1310 - 12
3 - 516 - 2012 - 1413 - 1412 - 13
5+20 - 2214 - 1814 - 1813 - 17
Corporate Actions Manager0 - 321 - 2420 - 2220 - 2220 - 22
3 - 524 - 3022 - 2622 - 2622 - 26
5+30 - 3526 - 3026 - 3026 - 30
Corporate Actions Administrator0 - 313 - 1411 - 1311 - 1311 - 13
3 - 514 - 1613 - 1513 - 1513 - 15
5+16 - 2015 - 2015 - 2015 - 18
Head of Relationship Management0 - 345 - 6045 - 5545 - 5545 - 55
3 - 560 - 6855 - 6055 - 6055 - 60
5+68 - 8060 - 6760 - 6760 - 67
Relationship Manager0 - 335 - 4332 - 4032 - 4032 - 40
3 - 543 - 5040 - 4540 - 4540 - 45
5+50 - 6045 - 5045 - 5045 - 50
Head of Client Services0 - 350 - 6045 - 5545 - 5545 - 55
3 - 560 - 6555 - 6055 - 6055 - 60
5+65 - 7560 - 6560 - 6560 - 65
Senior Client Services Manager0 - 343 - 4535 - 4235 - 4235 - 42
3 - 545 - 5042 - 4742 - 4742 - 47
5+50 - 6047 - 5247 - 5247 - 52
Client Services Manager0 - 328 - 3325 - 3025 - 3025 - 30
3 - 533 - 3830 - 3530 - 3530 - 35
5+38 - 4335 - 4035 - 4035 - 40
Client Services Officer0 - 318 - 2315 - 2015 - 2015 - 20
3 - 523 - 2820 - 2520 - 2520 - 25
5+28 - 3325 - 2725 - 2725 - 27

*Figures shown reflect base salaries quoted in daily rates

Daily Rate

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Senior Programme Manager0 - 3600 - 650350 - 450350 - 450300 - 400
3 - 5650 - 700450 - 600450 - 600400 - 525
5+700 - 800600 - 750600 - 750525 - 650
Programme Manager0 - 3500 - 600400 - 450400 - 450400 - 450
3 - 5600 - 650450 - 600450 - 600450 - 550
5+650 - 750550 - 750550 - 750550 - 650
Senior Project Manager0 - 3500 - 600350 - 450350 - 450350 - 450
3 - 5600 - 700450 - 550450 - 550450 - 550
5+700 - 750550 - 650550 - 650550 - 650
Project Manager0 - 3400 - 450300 - 350300 - 350300 - 350
3 - 5450 - 500350 - 450350 - 450350 - 400
5+500 - 600450 - 600450 - 600400 - 450
Business Analyst0 - 3200 - 300140 - 180140 - 180140 - 180
3 - 5300 - 450180 - 240180 - 240180 - 220
5+450 - 500240 - 260240 - 260220 - 240

Commentary on Funds Administration Roles and Contract Rates in Ireland 2017

The blend of interim, contract and permanent roles is similar to 2015, with many positions commencing as 6 month contracts and converting to permanent positions. The main areas of demand include Fund Accounting, Corporate Trust, Financial Reporting and Transfer Agency.

There is particular demand for candidates with experience and professionals returning to Ireland from working abroad are highly sought after while companies are also targeting graduates with some previous work experience in a financial services setting.

We expect salaries to increase in the next 12 months as the number of new Fund Administrators choosing to domicile their funds in Ireland grows. We are predicting more varied roles within data, compliance, regulatory reporting and corporate actions and further growth in Investments and Funds.

Susan Nix's picture
Associate Director
snix@morganmckinley.com

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