Salary Guide 2017: Accountancy in Shared Services

Monday, January 30, 2017

Shared services centers (SSCs) continue to grow nationwide and remain a key employer for finance professionals across Ireland.

The SSC model is now a very mature one with the key advancements coming in the form of IT ERP systems and multinational companies (MNCs) broadening the amount of support functions provided within SSCs. MNCs have consistently targeted Ireland as a preferred location for SSCs due to the high level of education, training and availability of talent. Brexit and the US Election have led to some uncertainty in the SSC market, largely because of high number of US MNCs based in Ireland, although it is doubtful that we’ll see an immediate impact from either electoral outcome. 

Shared Services Salary Guide

Role Years' Experience Dublin
Cork
Limerick
Waterford
Director Shared Services 5+ 150k - 250k 130k - 190k 110k - 150k 110k - 150k

Shared Services Salary Guide

Role Years' Experience Dublin
Cork
Limerick
Waterford
GL Manager 0 - 3 60k - 65k 60k - 65k 55k - 60k 55k - 60k
3 - 5 65k - 75k 65k - 75k 65k - 75k 65k - 75k
5+ 70k - 80k 70k - 80k 70k - 80k 70k - 80k
GL Team Leader 0 - 3 65k - 70k 55k - 60k 50k - 60k 50k - 60k
3 - 5 70k - 75k 60k - 65k 60k - 65k 60k - 65k
5+ 75k - 80k 65k - 75k 65k - 75k 65k - 75k
GL Analyst/Specialist/
Assistant Team Leader
0 - 3 48k - 55k 43k - 48k 40k - 48k 40k - 48k
3 - 5 55k - 65k 48k - 53k 48k - 53k 48k - 53k
5+ 56k - 65k 53k - 60k 53k - 60k 53k - 60k

Shared Services Accounts Payable Salary Guide

Role Years' Experience Dublin
Cork
Limerick
Waterford
AP Manager 0 - 3 45k - 55k 45k - 50k 45k - 50k 45k - 50k
3 - 5 55k - 65k 50k - 55k 50k - 55k 50k - 55k
5+ 65k - 80k 55k - 60k 55k - 60k 55k - 60k
AP Team Leader 0 - 3 38k - 45k 33k - 38k 32k - 36k 32k - 36k
3 - 5 45k - 50k 38k - 42k 36k - 40k 36k - 40k
5+ 50k - 55k 42k - 48k 40k - 45k 40k - 45k
AP Analyst/Specialist/
Assistant Team Leader
0 - 3 30k - 32k 28k - 32k 28k - 32k 28k - 32k
3 - 5 32k - 36k 32k - 36k 32k - 36k 32k - 36k
5+ 36k - 38k 36k - 38k 36k - 38k 36k - 38k
AP Associate 0 - 3 25k - 28k 22k - 26k 22k - 26k 22k - 26k
3 - 5 28k - 32k 26k - 29k 26k - 29k 26k - 29k
5+ 32k - 37k 29k - 32k 29k - 32k 29k - 32k

Shared Services Accounts Receivable Salary Guide

Role Years' Experience Dublin
Cork
Limerick
Waterford
AR Manager 0 - 3 45k - 55k 45k - 50k 45k - 50k 45k - 50k
3 - 5 55k - 65k 50k - 55k 50k - 55k 50k - 55k
5+ 65k - 80k 55k - 60k 55k - 60k 60k - 60k
AR Team Leader 0 - 3 38k - 45k 33k - 38k 30k - 35k 30k - 35k
3 - 5 45k - 50k 38k - 42k 35k - 40k 35k - 40k
5+ 50k - 55k 42k - 48k 40k - 45k 40k - 45k
AR Analyst/Specialist/
Assistant Team Leader
0 - 3 30k - 32k 28k - 32k 28k - 32k 28k - 32k
3 - 5 32k - 36k 32k - 36k 32k - 35k 32k - 35k
5+ 36k - 38k 36k - 38k 35k - 38k 35k - 38k
AR Associate 0 - 3 25k - 28k 22k - 26k 23k - 28k 23k - 28k
3 - 5 28k - 32k 26k - 29k 28k - 30k 28k - 30k
5+ 32k - 37k 29k - 32k 30k - 35k 30k - 35k

Shared Services Tax Salary Guide

Role Years' Experience Dublin
Cork
Limerick
Waterford
Tax Manager 0 - 3 58k - 62k 55k - 60k 50k - 55k 50k - 55k
3 - 5 62k - 72k 60k - 70k 55k - 60k 55k - 60k
5+ 72k - 82k 70k - 80k 60k - 80k 60k - 80k
Tax Specialist 0 - 3 45k - 50k 40k - 45k 30k - 35k 30k - 35k
3 - 5 50k - 55k 45k - 55k 35k - 40k 35k - 40k
5+ 55k - 65k 55k - 65k 40k - 60k 40k - 60k
VAT Analyst 0 - 3 35k - 43k 30k - 40k 30k - 35k 30k - 35k
VAT Accountant 3 - 5 43k - 48k 40k - 45k 35k - 45k 35k - 45k
5+ 48k - 58k 45k - 55k 45k - 65k 45k - 65k

Commentary on Accountancy in Shared Services Roles and Remuneration in Ireland for 2017

Big 4 trained accountants remain in high demand, this can be an area of difficulty for a number of SSCs as this profile is in high demand across all industries. Experienced professionals with language skills remain in short supply, especially for SSCs seeking German, Dutch or Nordic languages skills. Transactional positions such as accounts payable and accounts receivable remain consistently in demand with EMEA payroll specialists also highly sought after. 

Structures within SSCs typically provide strong career progression opportunities for those interested in working within a fast paced, dynamic and demanding environment. This can lead to a shortage of senior level roles on the open market with strong succession plans and internal progression retaining top talent. 

2016 salaries remained at a similar level to 2015, newly qualified accountants in Dublin continuing to secure up to €55K for a GL accountant / financial reporting positions. The biggest change has been the volume of opportunities for these candidates - multiple offers and counter offers are occurring more frequently when compared with 2015. 

A predicted area for growth heading into 2017 will be the hybrid IT / finance positions where a high level of enterprise resource planning (ERP) knowledge is required. This is in line with many SSCs investing heavily to automate and improve overall processes. Job titles such as systems accountant, ERP specialist and IT internal auditors are becoming more common than in previous years. 

This originally appeared on morganmckinley.ie