Salary Guide 2017: Funds Administration Contract & Interim

Tuesday, January 31, 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

*Figures shown re@258;ect base salaries quoted in daily rates

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Managing Director 0 - 3 65 - 75 55 - 65 55 - 65 55 - 65
3 - 5 75 - 90 65 - 80 65 - 80 65 - 80
5+ 90 - 95 80 - 87 80 - 87 80 - 87
Head of Fund Accounting 0 - 3 50 - 60 45 - 55 45 - 55 45 - 55
3 - 5 60 - 70 55 - 65 55 - 65 55 - 65
5+ 70 - 75 65 - 70 65 - 70 65 - 70
Senior Fund Accounting Manager 0 - 3 35 - 40 32 - 40 32 - 40 32 - 40
3 - 5 40 - 48 40 - 45 40 - 45 40 - 45
5+ 48 - 55 45 - 50 45 - 50 45 - 50
Fund Accounting Manager 0 - 3 23 - 30 22 - 27 22 - 27 22 - 27
3 - 5 30 - 33 27 - 32 27 - 32 27 - 32
5+ 33 - 35 32 - 35 32 - 35 32 - 35
Fund Accounting Supervisor 0 - 3 22 - 25 17 - 20 17 - 20 17 - 20
3 - 5 25 - 28 20 - 22 20 - 22 20 - 22
5+ 28 - 30 22 - 27 22 - 27 22 - 27
Senior Fund Accountant 0 - 3 16 - 21 14 - 16 14 - 16 14 - 16
3 - 5 21 - 23 16 - 17 16 - 17 16 - 17
5+ 23 - 25 17 - 21 17 - 20 17 - 21
Fund Accountant 0 - 3 13 - 16 10 - 13 12 - 14 10 - 13
3 - 5 16 - 18 13 - 16 14 - 16 13 - 16
5+ 18 - 21 16 - 18 16 - 18 16 - 18
Head of Custody 0 - 3 45 - 55 40 - 50 40 - 50 40 - 50
3 - 5 55 - 65 50 - 61 50 - 61 50 - 60
5+ 65 - 70 61 - 66 61 - 66 60 - 65
Senior Custody Manager 0 - 3 35 - 40 32 - 37 32 - 37 27 - 32
3 - 5 40 - 45 37 - 40 37 - 40 32 - 35
5+ 45 - 50 40 - 42 40 - 42 35 - 40
Custody Manager 0 - 3 25 - 30 22 - 27 22 - 27 20 - 22
3 - 5 30 - 35 27 - 30 27 - 30 22 - 27
5+ 35 - 40 30 - 32 30 - 32 27 - 30
Custody Supervisor 0 - 3 20 - 23 15 - 17 15 - 17 14 - 16
3 - 5 23 - 25 17 - 22 17 - 22 16 - 18
5+ 25 - 28 22 - 25 22 - 25 18 - 20
Custody Officer 0 - 3 13 - 16 10 - 13 10 - 13 10 - 12
3 - 5 16 - 18 13 - 15 13 - 15 12 - 15
5+ 18 - 21 15 - 17 15 - 17 15 - 18
Head of Trustee 0 - 3 50 - 60 45 - 55 45 - 55 40 - 45
3 - 5 60 - 75 55 - 70 55 - 70 45 - 55
5+ 75 - 80 70 - 75 70 - 75 55 - 60
Senior Trustee Manager 0 - 3 35 - 43 32 - 37 32 - 37 27 - 32
3 - 5 43 - 50 37 - 45 37 - 45 32 - 35
5+ 50 - 55 45 - 47 45 - 47 35 - 40
Trustee Manager 0 - 3 28 - 30 22 - 27 22 - 27 20 - 22
3 - 5 30 - 35 27 - 30 27 - 30 22 - 27
5+ 35 - 40 30 - 32 30 - 32 27 - 30
Trustee Officer 0 - 3 18 - 20 15 - 19 15 - 19 15 - 19
3 - 5 20 - 25 19 - 22 19 - 22 19 - 22
5+ 25 - 30 20 - 22 20 - 22 20 - 22
Head of Transfer Agency 0 - 3 50 - 60 45 - 55 45 - 55 40 - 45
3 - 5 60 - 70 55 - 60 55 - 60 45 - 50
5+ 70 - 75 60 - 70 60 - 70 50 - 70
Senior Transfer Agency Manager 0 - 3 40 - 45 35 - 42 35 - 42 28 - 32
3 - 5 45 - 50 42 - 47 42 - 47 32 - 40
5+ 50 - 55 47 - 52 47 - 52 40 - 45
Transfer Agency Manager 0 - 3 25 - 30 20 - 27 20 - 27 20 - 25
3 - 5 30 - 35 27 - 32 27 - 32 25 - 27
5+ 35 - 40 32 - 35 32 - 35 27 - 30
Transfer Agency Supervisor 0 - 3 21 - 22 17 - 20 17 - 20 14 - 17
3 - 5 22 - 24 20 - 22 20 - 22 17 - 19
5+ 24 - 28 22 - 25 22 - 25 19 - 20
Senior Transfer Agency Administrator 0 - 3 17 - 19 15 - 16 15 - 16 13 - 14
3 - 5 19 - 21 16 - 17 16 - 17 14 - 16
5+ 21 - 23 17 - 19 17 - 19 16 - 18
Transfer Agency Administrator 0 - 3 13 - 16 10 - 12 10 - 13 10 - 12
3 - 5 16 - 20 12 - 14 13 - 14 12 - 13
5+ 20 - 22 14 - 18 14 - 18 13 - 17
Corporate Actions Manager 0 - 3 21 - 24 20 - 22 20 - 22 20 - 22
3 - 5 24 - 30 22 - 26 22 - 26 22 - 26
5+ 30 - 35 26 - 30 26 - 30 26 - 30
Corporate Actions Administrator 0 - 3 13 - 14 11 - 13 11 - 13 11 - 13
3 - 5 14 - 16 13 - 15 13 - 15 13 - 15
5+ 16 - 20 15 - 20 15 - 20 15 - 18
Head of Relationship Management 0 - 3 45 - 60 45 - 55 45 - 55 45 - 55
3 - 5 60 - 68 55 - 60 55 - 60 55 - 60
5+ 68 - 80 60 - 67 60 - 67 60 - 67
Relationship Manager 0 - 3 35 - 43 32 - 40 32 - 40 32 - 40
3 - 5 43 - 50 40 - 45 40 - 45 40 - 45
5+ 50 - 60 45 - 50 45 - 50 45 - 50
Head of Client Services 0 - 3 50 - 60 45 - 55 45 - 55 45 - 55
3 - 5 60 - 65 55 - 60 55 - 60 55 - 60
5+ 65 - 75 60 - 65 60 - 65 60 - 65
Senior Client Services Manager 0 - 3 43 - 45 35 - 42 35 - 42 35 - 42
3 - 5 45 - 50 42 - 47 42 - 47 42 - 47
5+ 50 - 60 47 - 52 47 - 52 47 - 52
Client Services Manager 0 - 3 28 - 33 25 - 30 25 - 30 25 - 30
3 - 5 33 - 38 30 - 35 30 - 35 30 - 35
5+ 38 - 43 35 - 40 35 - 40 35 - 40
Client Services Officer 0 - 3 18 - 23 15 - 20 15 - 20 15 - 20
3 - 5 23 - 28 20 - 25 20 - 25 20 - 25
5+ 28 - 33 25 - 27 25 - 27 25 - 27

Daily Rate

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Senior Programme Manager 0 - 3 600 - 650 350 - 450 350 - 450 300 - 400
3 - 5 650 - 700 450 - 600 450 - 600 400 - 525
5+ 700 - 800 600 - 750 600 - 750 525 - 650
Programme Manager 0 - 3 500 - 600 400 - 450 400 - 450 400 - 450
3 - 5 600 - 650 450 - 600 450 - 600 450 - 550
5+ 650 - 750 550 - 750 550 - 750 550 - 650
Senior Project Manager 0 - 3 500 - 600 350 - 450 350 - 450 350 - 450
3 - 5 600 - 700 450 - 550 450 - 550 450 - 550
5+ 700 - 750 550 - 650 550 - 650 550 - 650
Project Manager 0 - 3 400 - 450 300 - 350 300 - 350 300 - 350
3 - 5 450 - 500 350 - 450 350 - 450 350 - 400
5+ 500 - 600 450 - 600 450 - 600 400 - 450
Business Analyst 0 - 3 200 - 300 140 - 180 140 - 180 140 - 180
3 - 5 300 - 450 180 - 240 180 - 240 180 - 220
5+ 450 - 500 240 - 260 240 - 260 220 - 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.

This originally appeared on morganmckinley.ie