2017 Funds Administration Permanent Salary Guide

Susan Nix 01.01.2017

We have seen an increased demand for fund accountants across all levels and in particular those with specialist skills in private equity or hedge / hybrid fund experience.

We expect this to continue into 2017. Many of the leading funds and asset management companies are building specialist areas to accommodate the changing regulatory landscape over the coming years. 

Funds Administration Salary Guide

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Managing Director0 - 3130k - 150k120k - 140k120k - 130k120k - 130k
3 - 5150k - 180k140k - 170k130k - 150k130k - 150k
5+180k - 190k170k - 180k150k - 170k150k - 170k
Head of Fund Accounting0 - 3100k - 120k90k - 110k85k - 110k85k - 110k
3 - 5120k - 140k110k - 130k110k - 130k110k - 130k
5+140k - 150k130k - 140k120k - 140k120k - 140k
Senior Fund Accounting Manager0 - 370k - 80k65k - 75k63k - 73k63k - 73k
3 - 580k - 95k75k - 95k73k - 90k73k - 90k
5+95k - 110k95k - 110k90k - 100k90k - 100k
Fund Accounting Manager0 - 355k - 60k48k - 55k45k - 54k45k - 54k
3 - 560k - 65k55k - 65k53k - 63k53k - 63k
5+65k - 70k65k - 70k63k - 68k63k - 68k
Fund Accounting Supervisor0 - 345k - 50k40k - 42k35k - 38k35k - 38k
3 - 550k - 55k42k - 45k38k - 42k38k - 42k
5+55k - 60k45k - 50k42k - 45k42k - 45k
Senior Fund Accountant0 - 338k - 42k30k - 35k30k - 33k30k - 33k
3 - 542k - 45k35k - 40k33k - 38k33k - 38k
5+45k - 50k40k - 45k38k - 42k38k - 42k
Fund Accountant0 - 326k - 32k24k - 30k24k - 26k24k - 26k
3 - 532k - 35k30k - 35k26k - 30k26k - 30k
5+35k - 42k35k - 40k35k - 40k35k - 40k
Head of Custody0 - 390k - 110k90k - 105k80k - 100k80k - 100k
3 - 5110k - 130k105k - 125k100k - 120k100k - 120k
5+130k - 140k125k - 135k120k - 130k120k - 130k
Senior Custody Manager0 - 370k - 80k65k - 75k55k - 65k55k - 65k
3 - 580k - 90k75k - 85k65k - 75k65k - 75k
5+90k - 100k85k - 90k75k - 85k75k - 85k
Custody Manager0 - 350k - 60k45k - 55k40k - 50k40k - 50k
3 - 560k - 70k55k - 65k50k - 60k50k - 60k
5+70k - 80k65k - 70k60k - 65k60k - 65k
Custody Supervisor0 - 340k - 45k32k - 35k32k - 35k32k - 35k
3 - 545k - 50k35k - 45k32k - 40k32k - 40k
5+50k - 55k45k - 50k40k - 45k40k - 45k
Custody Officer0 - 325k - 32k24k - 30k20k - 26k20k - 26k
3 - 532k - 35k30k - 35k26k - 31k26k - 31k
5+35k - 42k35k - 40k30k - 36k30k - 36k
Head of Trustee0 - 3100k - 120k90k - 110k85k - 95k85k - 95k
3 - 5120k - 150k110k - 140k95k - 110k95k - 110k
5+150k - 160k140k - 150k110k - 130k110k - 130k
Senior Trustee Manager0 - 370k - 85k65k - 80k60k - 75k60k - 75k
3 - 585k - 100k80k - 90k75k - 85k75k - 85k
5+100k - 110k90k - 100k85k - 95k85k - 95k
Trustee Manager0 - 355k - 60k50k - 55k40k - 50k40k - 50k
3 - 560k - 70k55k - 65k50k - 55k50k - 55k
5+70k - 80k65k - 70k55k - 60k55k - 60k
Trustee Officer0 - 335k - 40k32k - 40k25k - 30k25k - 30k
3 - 540k - 50k40k - 50k35k - 40k35k - 40k
5+50k - 60k50k - 55k40k - 50k40k - 50k
Head of Transfer Agency0 - 3100k - 120k90k - 110k90k - 105k90k - 105k
3 - 5120k - 140k110k - 130k105k - 120k105k - 120k
5+140k - 150k130k - 140k120k - 130k120k - 130k
Senior Transfer Agency Manager0 - 380k - 90k75k - 85k70k - 80k70k - 80k
3 - 590k - 100k85k - 90k80k - 55k80k - 55k
5+100k - 110k90k - 100k85k - 95k85k - 95k
Transfer Agency Manager0 - 350k - 60k50k - 60k45k - 55k45k - 55k
3 - 565k - 75k60k - 65k55k - 60k55k - 60k
5+75k - 80k65k - 70k60k - 65k60k - 65k
Transfer Agency Supervisor0 - 342k - 45k36k - 42k35k - 40k35k - 40k
3 - 545k - 48k42k - 48k40k - 45k40k - 45k
5+48k - 55k48k - 50k45k - 48k45k - 48k
Senior Transfer Agency
Administrator
0 - 335k - 38k28k - 32k28k - 32k28k - 32k
3 - 538k - 40k32k - 38k26k - 30k26k - 30k
5+40k - 42k35k - 40k30k - 35k30k - 35k
Transfer Agency Administrator0 - 326k - 32k24k - 28k22k - 24k19k - 22k
3 - 532k - 35k28k - 32k24k - 28k22k - 28k
5+35k - 38k32k - 34k28k - 34k28k - 32k
Corporate Actions Manager0 - 342k - 48k40k - 45k40k - 45k40k - 45k
3 - 548k - 60k45k - 55k45k - 48k45k - 48k
5+60k - 70k55k - 65k48k - 50k48k - 50k
Corporate Actions Administrator0 - 325k - 28k24k - 28k20k - 22k20k - 22k
3 - 528k - 32k28k - 32k22k - 25k22k - 25k
5+32k - 40k32k - 40k25k - 28k25k - 28k
Head of Relationship Management0 - 3100k - 115k90k - 110k90k - 110k90k - 110k
3 - 5115k - 135k110k - 120k110k - 120k110k - 120k
5+135k - 160k120k - 140k120k - 140k120k - 140k
Relationship Manager0 - 370k - 85k70k - 85k65k - 80k65k - 80k
3 - 585k - 100k85k - 95k80k - 90k80k - 90k
5+100k - 120k95k - 110k90k - 110k90k - 110k
Head of Client Services0 - 3100k - 120k90k - 110k75k - 80k75k - 80k
3 - 5120k - 130k110k - 120k80k - 90k80k - 90k
5+130k - 150k120k - 130k90k - 100k90k - 100k
Senior Client Services Manager0 - 375k - 90k70k - 85k55k - 60k55k - 60k
3 - 590k - 100k85k - 95k60,00 - 70k60,00 - 70k
5+100k - 115k95k - 110k70k - 90k70k - 90k
Client Services Manager0 - 355k - 65k50k - 60k45k - 50k45k - 50k
3 - 565k - 75k60k - 70k50k - 55k50k - 55k
5+75k - 85k70k - 80k55k - 60k55k - 60k
Client Services Officer0 - 335k - 45k35k - 45k30k - 40k30k - 40k
3 - 545k - 55k45k - 55k40k - 50k40k - 50k
5+55k - 65k55k - 65k50k - 60k50k - 60k
Product Manager0 - 365k - 80k65k - 80k65k - 80k65k - 80k
3 - 580k - 90k80k - 90k80k - 90k80k - 90k
5+95k - 100k90k - 100k90k - 100k90k - 100k
Senior Product Manager0 - 3100k - 125k90k - 110k90k - 110k90k - 110k
3 - 5125k - 150k110k - 130k110k - 130k110k - 130k
5+150k - 160k130k - 150k130k - 150k130k - 150k
Fund / Portfolio Manager0 - 390k - 110k85k - 100k85k - 100k85k - 100k
3 - 5110k - 130k100k - 110k100k - 110k100k - 110k
5+130k - 150k110k - 140k110k - 140k110k - 140k
Senior Programme Manager0 - 3130k - 150k100k - 130k100k - 120k100k - 120k
3 - 5150k - 180k130k - 160k120k - 150k120k - 150k
5+180k - 200k160k - 190k150k - 180k150k - 180k
Programme Manager0 - 3100k - 110k100k - 110k100k - 110k100k - 110k
3 - 5115k - 130k110k - 120k110k - 120k110k - 120k
5+130k - 150k120k - 140k130k - 140k130k - 140k
Senior Project Manager0 - 3100k - 120k90k - 110k85k - 105k85k - 105k
3 - 5120k - 140k110k - 130k105k - 120k105k - 120k
5+140k - 160k130k - 150k120k - 140k120k - 140k
Project Manager0 - 360k - 75k55k - 70k55k - 70k55k - 70k
3 - 575k - 90k70k - 90k70k - 85k70k - 85k
5+90k - 110k90k - 100k85k - 100k85k - 100k
Business Analyst0 - 335k - 50k30k - 45k30k - 40k30k - 40k
3 - 550k - 60k45k - 55k40k - 50k40k - 50k
5+60k - 75k55k - 65k50k - 65k50k - 65k

Commentary on Funds Administration Roles and Remuneration in Ireland for 2017

We have not seen a marked increase in international applicants. However the FS market in countries such as the UK, Australia, Canada and Dubai are buoyant at the moment and we are mindful of the geo political changes occurring that could impact international application rates in 2017. We feel that this will bring an improved appetite for people to travel especially in the fund administration industry to and from US, Luxembourg and further afield.

Overall we have seen that the vast majority of roles are permanent, organisations are recognising that candidates are becoming increasingly interested in companies that provide a good work / life balance. This has led to the introduction in 2016 of fixed term, part time or contract work in the fund accounting area. Organisations are requesting increased amounts of specialist expertise in asset classes and it is experience rather than the qualifications that will remain the focus for 2017. 

We are expecting to see a slight increase in salaries and with the potential influx of more specialist fund administrators entering the market, it is the specialist areas that will drive the salary levels. We are also already seeing a number of investment management companies entering the market and given that Ireland has not been a major center in this field to date, this could bring extra pressures on salaries for experienced candidates in particular the data governance, compliance, regulatory reporting and middle office.

Historically, financial services organisations have been predominantly male dominated at senior levels. However, with a focus on gender balance, many companies are seeking to address this imbalance and we are seeing an increased number of female hire, a trend we expect to continue into 2017. 

Susan Nix's picture
Client Associate Director | Financial Services Recruitment
snix@morganmckinley.ie

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