2016 Finance, Treasury & Capital Markets Salary & Benefits Guide - Permanent

Samuel Hendry 12.01.2016

A look at salary ranges for professionals working in financial services, treasury and capital markets in Ireland in 2016.

Big leap in salaries at newly qualified level

The main focus of activity in 2015 was mid-level recruitment into banks. In the insurance sector recent consolidations and the completion of Solvency II projects have slowed growth. Aircraft leasing, an important sector in Ireland, was very active in 2015 with significant movement between key organisations.

There was moderate uplift in salaries at senior levels over the past 24 months; the situation has stabilised following the upward correction in 2012-13. The benefit for career movers  has been in other areas of the rewards package, with a return of the bonuses  and greater opportunities for internal progression.

At junior and mid-levels organisations have been adding headcount and the market was very active throughout 2015. Many companies have seen the benefit of bringing in trainees earlier as they have now developed into fully contributing team members. 

Newly qualified accountants, especially those exiting the ‘big 4’ to enter the banking sector, have enjoyed a significant increase in potential earnings in 2015. Year on year the uplift has been in the region of 10-15% with some recently qualified individuals demanding €52k in base salary.

Demand for candidates leaving practice contracts is strong from their current employers, industry and financial services organisations giving rise to upward pressure on salaries. The effect has been increased opportunities for non ‘big 4’ candidates entering these sectors.

It is anticipated that ‘top tier’ practice qualified accountants can expect further salary uplifts in 2016.

 

Treasury & Capital Markets

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Treasury Analyst0 - 324,000 - 30,00022,000 - 2800020,000 - 2600020,000 - 26000
3 - 530,000 - 40,00028,000 - 35,00026,000 - 33,00026,000 - 33,000
5+40,000 - 48,00035,000 - 45,00032,000 - 40,00032,000 - 40,000
Treasury Manager0-340,000 - 50,00040,000 - 45,00038,000 - 43,00038,000 - 43,000
Treasury Manager3 - 555,000 - 65,00045,000 - 60,00040,000 - 55,00040,000 - 55,000
Treasury Manager5+65,000 - 80,00060,000 - 70,00055,000 - 65,00055,000 - 65,000
Settlements Admin0 - 324,000 - 30,00024,000 - 30,00022,000 - 28,00022,000 - 28,000
3 - 530,000 - 40,00030,000 - 40,00027,000 - 37,00027,000 - 37,000
5+40,000 - 45,00040,000 - 45,00037,000 - 43,00037,000 - 43,000

Financial Services Accounting

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Chief Financial Officer0 - 3110,000 - 120,000100,000 - 110,00090,000 - 95,00090,000 -  95,000
3 - 5120,000 - 160,000110,000 - 140,00095,000 - 130,00095,000 - 130,000
5+160,000 - 180,000140,000 - 160,000130,000 - 155,000130,000 - 155,000
Financial Director0 - 390,000 - 110,00090,000 - 110,00085,000 - 95,00085,000 -  95,000
3 - 5110,000 - 130,000110,000 - 130,00095,000 - 110,00095,000 - 110,000
5+130,000 - 150,000130,000 - 150,000110,000 - 125,000110,000 - 125,000
Head of Finance0 - 380,000 - 110,00080,000 - 100,00075,000 - 95,00075,000 -  95,000
3 - 5110,000 - 140,000100,000 - 130,00095,000 - 120,00095,000 - 110,000
5+140,000 - 150,000130,000 - 140,000120,000 - 130,000110,000 - 130,000
Financial Controller0 - 370,000 - 90,00070,000 - 85,00065,000 - 75,00065,000 -  75,000
3 - 590,000 - 120,00085,000 - 110,00075,000 - 95,00075,000 -  95,000
5+120,000 - 130,000110,000 - 120,00095,000 - 115,00095,000 - 115,000
Finance Manager0 - 365,000 - 85,00060,000 - 80,00055,000 - 70,00055,000 -  70,000
3 - 585,000 - 110,00080,000 - 105,00070,000 - 80,00070,000 -  80,000
5+110,000 - 120,000105,000 - 110,00080,000 - 90,00080,000 -  90,000
Internal Audit Manager0 - 365,000 - 75,00055,000 - 60,00045,000 - 55,00045,000 -  55,000
3 - 575,000 - 90,00060,000 - 65,00055,000 - 60,00055,000 -  60,000
5+90,000 - 120,00065,000 - 75,00060,000 - 70,00060,000 -  70,000
Internal Auditor0 - 350,000 - 62,00045,000 - 55,00040,000 - 45,00040,000 -  45,000
3 - 562,000 - 75,00055,000 - 60,00045,000 - 55,00045,000 -  55,000
5+75,000 - 80,00060,000 - 65,00055,000 - 60,00055,000 -  60,000
Information Systems Auditor0 - 345,000 - 60,00045,000 - 55,00040,000 - 45,00040,000 -  45,000
3 - 560,000 - 80,00055,000 - 70,00045,000 - 55,00042,000,-, 52,000
5+80,000 - 100,00070,000 - 80,00055,000 - 60,00052,000 - 56,000
Systems Accountant0 - 345,000 - 60,00048,000 - 55,00045,000 - 55,00045,000 - 55,000
3 - 560,000 - 80,00055,000 - 60,00052,000 - 58,00052,000 - 58,000
5+80,000 - 100,00060,000 - 70,00060,000 - 70,00060,000 - 70,000
Project Accountant0 - 345,000 - 60,00045,000 - 55,00045,000 - 55,00045,000 - 55,000
3 - 560,000 - 65,00055,000 - 60,00055,000 - 60,00055,000 - 60,000
5+65,000 - 80,00060,000 - 65,00060,000 - 65,00060,000 - 65,000
Treasury Accountant0 - 345,000 - 60,00040,000 - 50,00040,000 - 50,00040,000 - 50,000
3 - 560,000 - 65,00050,000 - 55,00050,000 - 55,00050,000 - 55,000
5+65,000 - 90,00055,000 - 60,00055,000 - 60,00055,000 - 60,000
Part Qual Treasury Accountant0 - 335,000 - 45,00030,000 - 35,00030,000 - 35,00030,000 - 35,000
3 - 545,000 - 50,00035,000 - 40,00035,000 - 40,00035,000 - 40,000
5+50,000 - 55,00040,000 - 45,00040,000 - 45,00040,000 - 45,000
Senior Regulatory Accountant0 - 360,000 - 70,00045,000 - 55,00045,000 - 55,00045,000 - 55,000
3 - 570,000 - 75,00055,000 - 65,00055,000 - 65,00055,000 - 65,000
5+75,000 - 85,00065,000 - 75,00065,000 - 75,00065,000 - 75,000
Regulatory Accountant0 - 350,000 - 60,00045,000 - 55,00045,000 - 55,00045,000 - 55,000
3 - 560,000 - 70,00055,000 - 60,00055,000 - 60,00055,000 - 60,000
5+70,000 - 75,00060,000 - 70,00060,000 - 70,00060,000 - 70,000
Pension Fund Accountant0 - 340,000 - 50,00028,000 - 35,00035,000 - 40,00028,000 - 34,000
3 - 550,000 - 60,00035,000 - 40,00040,000 - 50,00035,000 - 40,000
5+60,000 - 75,00040,000 - 50,00040,000 - 50,00040,000 - 50,000
Senior Financial Reporting Accountant0 - 360,000 - 70,00050,000 - 55,00050,000 - 55,00050,000 - 55,000
3 - 570,000 - 75,00050,000 - 55,00050,000 - 55,00050,000 - 55,000
5+75,000 - 85,00060,000 - 70,00060,000 - 70,00060,000 - 70,000
Financial Reporting Accountant0 - 350,000 - 60,00045,000 - 50,00045,000 - 50,00045,000 - 50,000
3 - 560,000 - 70,00050,000 - 55,00050,000 - 55,00050,000 - 55,000
5+70,000 - 75,00055,000 - 65,00055,000 - 65,00055,000 - 65,000
Senior Financial Analyst0 - 355,000 - 65,00055,000 - 60,00045,000 - 50,00045,000 - 50,000
3 - 565,000 - 80,00060,000 - 70,00050,000 - 55,00050,000 - 55,000
5+80,000 - 90,00070,000 - 75,00055,000 - 60,00055,000 - 60,000
Financial Analyst0 - 350,000 - 55,00040,000 - 48,00035,000 - 40,00035,000 - 40,000
3 - 555,000 - 65,00048,000 - 55,00040,000 - 50,00040,000 - 50,000
5+65,000 - 70,00055,000 - 65,00050,000 - 55,00050,000 - 55,000
Senior Financial /
Group Accountant
0 - 360,000 - 65,00060,000 - 65,00050,000 - 55,00050,000 - 55,000
3 - 565,000 - 75,00065,000 - 70,00055,000 - 65,00055,000 - 65,000
5+75,000 - 80,00070,000 - 75,00065,000 - 75,00065,000 - 75,000
Management Accountant (Replaced Financial Management Accountant)0 - 345,000 - 55,00040,000 - 45,00040,000 - 45,00040,000 - 45,000
3 - 555,000 - 65,00045,000 - 55,00045,000 - 55,00045,000 - 55,000
5+65,000 - 80,00055,000 - 70,00055,000 - 65,00055,000 - 70,000
Financial Accountant (replaced Newly Qualified Accountant)0 - 340,000 - 55,00040,000 - 45,00038,000 - 42,00038,000 - 42,000
3 - 555,000 - 65,00045,000 - 50,00045,000 - 50,00042,000 - 48,000
5+65,000 - 80,00056,000 - 66,00050,000 - 60,00050,000 - 60,000
Accounts Assistant (replaced Accounting Technician)0 - 325,000 - 28,00020,000 - 24,00020,000 - 24,00020,000 - 24,000
3 - 528,000 - 35,00024,000 - 28,00025,000 - 28,00024,000 - 28,000
5+35,000 - 45,00028,000 - 32,00028,000 - 32,00028,000 - 32,000
Part Qual / Trainee Accountant (replaced Graduate)0 - 323,000 - 35,00023,000 - 35,00022,000 - 30,00022,000 - 30,000
AP / AR Manager0 - 340,000 - 45,00035,000 - 40,00035,000 - 40,00035,000 - 40,000
3 - 545,000 - 55,00040,000 - 50,00040,000 - 45,00040,000 - 50,000
5+55,000 - 70,00050,000 - 60,00050,000 - 60,00050,000 - 60,000
AP / AR Administrator0 - 325,000 - 28,00022,000 - 24,00020,000 - 25,00020,000 - 25,000
3 - 528,000 - 35,00025,000 - 32,00024,000 - 28,00024,000 - 28,000
5+35,000 - 45,00032,000 - 40,00028,000 - 30,00028,000 - 30,000
EMEA Payroll Manager0 - 345,000 - 50,00038,000 - 45,00038,000 - 45,00038,000 - 45,000
3 - 550,000 - 55,00045,000 - 50,00045,000 - 50,00045,000 - 50,000
5+55,000 - 100,00050,000 - 80,00050,000 - 80,00050,000 - 80,000
Payroll Manager0 - 335,000 - 45,00030,000 - 40,00030,000 - 40,00030,000 - 40,000
3 - 545,000 - 50,00040,000 - 45,00040,000 - 45,00040,000 - 45,000
5+50,000 - 65,00045,000 - 50,00045,000 - 50,00045,000 - 50,000
Payroll Administrator0 - 325,000 - 28,00023,000 - 25,00023,000 - 25,00023,000 - 25,000
3 - 528,000- 35,00025,000 - 28,00025,000 - 28,00025,000 - 28,000
5+35,000 - 45,00028,000 - 38,00028,000 - 38,00028,000 - 38,000

 

Typical range of benefits for Banking & Financial Services professionals:

Benefit Type Management
Pension 5% - 15% employer contribution
Healthcare Fully paid for employee and dependents
Bonus 6- 20%
Annual Leave 22 - 26 days
Life Assurance 3 -7 times basic salary
Other Car Allowance
Professional Subscriptions
Further Education Scheme
Sports & Social
Travel (bike to work scheme/tax save commuter tickets)
Gym
Onsite canteen
discount on products
Company Share Scheme
Employee Assistance (EAP)Programme
Samuel Hendry's picture
Director | Financial Services Recruitment
shendry@morganmckinley.ie

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