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General
16/11/20
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According to the Economic Survey of Ireland, released by the OECD (Organisation for Economic Co-operation and Development) in Feb 2020: The country is well positioned to take advantage of the opportunities presented by technological change, though there are various challenges that need to be carefully navigated. ” This outlook is positive, and my initial thought is we will certainly put the above to the test!While I appreciate that large swathes of the domestic market have been extremely challenged, I have been pleasantly surprised and impressed by how well the professional labour market has adapted to the changing workforce landscape in Ireland. Embracing working from home, increased productivity and looking for genuine growth opportunities are all the hallmarks of a functioning and performing economy.Since September 2020, there has been very encouraging signs across certain sectors here in Ireland, namely Tech, ICT, pharma and consulting, as well as the bellwethers of this pandemic – FMCG, logistics and online retail. Our job opportunity statistics are indicating that there is pent up demand in terms of hiring strong finance, consulting and technology professionals, with companies keen to “get a move on”.There is however, a continued lack of available professionals, which is unusual in a recession or as David McWilliams of The Irish Times has coined it - “pandession”. With the above in mind, there is ample opportunity for those with specific skill sets across finance, consulting and technology in the Irish market, where there is the reluctance to move roles in the current economic climate, and understandably so.As the advent of Brexit draws ever closer, those across the British isles may find exactly what they are seeking in Ireland as the Irish Protocol predicts a rebounding economy in 2021/2022. Relocating or returning to Ireland is already proving an attractive option for international and UK professionals living in a post pandemic and post Brexit Britain!For further updates on the Irish market feel free to get in touch with myself, or visit the Marks Sattin Ireland homepage to browse opportunities in Ireland.
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General
27/02/20
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Not something someone wants to see coming from the PRA (Prudential Regulation Authority), however, this is the letter that went out to the CEOs of banking institutions in the UK recently. In essence, whilst it wasn’t targeting specific banks, it was more of a general piece to inform banks that the PRA are investing pretty heavily on technology, meaning that they plan to make it easier to look at data at a more granular level. In the future this could mean that they rely less on submissions and more on their own teams to analyse and interpret the true status of the banks’ liquidity and capital positions. Some organisations took this with a pinch of salt, while others have used it as a catalyst to recruit – and we’ve definitely seen an increase in recruitment within regulatory reporting. Organisations are pulling the trigger to recruit as a way to safeguard themselves against potential PRA action, particularly if the business is understaffed, or could do with an extra experienced head to ensure there are adequate controls and processes in place. Let’s take a look back to 2019? The last couple of years saw the market tighten, in particular to lower remuneration packages being offered to candidates compared to 2015 and 2016. Since the introduction of CoRep, the only other change was PRA110, but rather than paying over-the-odds salaries for specialists, the implementation was largely done taken in house. At the start of the year we saw an over-supply of contractors in the market, the majority working in narrow roles, for example only on RWA. With organisations looking for accountants that could complete the full suite of returns, contractors subsequently found themselves out of the market for a while, being asked to lower their rates, and clients not proceeding and wanting to hold out. Those in permanent roles were in a better position, however in some cases there wasn’t enough of a salary increase to warrant a move, creating a situation where roles were being advertised for a long time, and clients were then forced to compromise on what they sought from the beginning. What should your recruitment strategy be for 2020? In the summer of 2018 we predicted that regulatory accountants with skills like VBA and SQL (and now Python) would become even more valuable in future for both organisations and talent. Even though the RegTech market is dominated by the likes of Vermeg (formerly Lombard Risk), Axiom, Wolters Kluwer and K-Helix, a lot of organisations we work with are still heavily reliant on Excel and producing these returns manually. We feel our predictions are coming true, with regulatory accountants who have excellent working knowledge of SQL/VBA/Python will soon find themselves in a stronger position (irrespective of their qualifications), as they are able to automate and streamline the whole process for producing and submitting regulatory returns. Where the PRA will apply pressure on banks to reduce their reliance on Excel, bringing in these candidates can better bridge the gap between the RegTech products and their in-house systems. They can potentially safeguard the Bank from being a served S.166. We also cannot ignore the value of recruiting newly qualified ACAs from the Top 6 firms, as they understand the importance of controls and processes, and we know that’s what the PRA will also look at. Candidates with the full breadth of experience producing and submitting the full suite of CoRep returns are already in short supply, so the question is, do you continue to hang around for that perfect candidate to do a BAU role or do you accept that the landscape is changing and you’ll need to start future-proofing yourselves from potential PRA action? For more about our current roles, visit our jobs page.
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General
22/05/19
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On Wednesday Marks Sattin collaborated with Charlotte Tilbury in Covent Garden to host a networking event for senior finance professionals within the financial services market. The night was a huge success, with emails pouring in from clients complimenting us on our event. The evening was planned around a master class which was hosted by two of Charlotte’s top make-up artists, using one of our clients as a model. They showed all ladies how to create a glam evening look while taking them through the full range of new and existing products on offer. All whist we sipped on prosecco and nibbled delicious treats. After the masterclass the ladies were treated to a personalised mini lesson where they could choose from a lip, eye or skin tutorial using the best products for their skin type. It was great to watch all of our clients get pampered whilst trying out new looks.To end the evening we gave each lady a voucher to redeem on Charlotte Tilbury products, the team took great care of them and walked them around the shop floor to find their preferred products. This event was a great opportunity for us to catch up with some of our hiring managers in a relaxed environment. We learnt about potential new business coming up, current contractor extensions as well as general market information. It was also a great opportunity to network with some future senior finance professionals that we will be working with. We would like to thank everyone that took the time out of their busy schedules to attend, the evening was a huge success and we hope to see you again at another event during the year!
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Market Insight Reports
21/08/18
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View commerce & industry market salaries within the Thames Valley region. Download the full Thames Valley 2018 Market Insight Report here » LARGE BUSINESSES Job title Salary range Day rate Group Finance Director £175,000+ £1,250+ Divisional FD/Group FC £120,000 - £150,000 £800 - £1000 Head of Finance £100,000 - £120,000 £600 - £800 Financial/Business Controller £80,000 - £100,000 £400 - £600 Senior Finance Manager £70,000 - £90,000 £350 - £500 Senior Finance Business Partner £70,000 - £90,000 £350 - £500 Finance Manager £55,000 - £70,000 £300 - £400 Finance Business Partner £55,000 - £70,000 £300 - £400 Newly Qualified £45,000 - £50,000 £250 - £300 PQ Accountant £25,000 - £40,000 £150 - £200 Graduate £20,000 - £26,000 £10 - £15p/h School leaver £16,000 - £19,000 £10 - £15p/h SMEs Job title Salary range Day rate Group Finance Director £140,000+ £800 - £1,000 Divisional FD/Group FC £90,000 - £120,000 £500 - £700 Head of Finance £70,000 - £90,000 £400 - £500 Financial/Business Controller £60,000 - £80,000 £350 - £450 Senior Finance Manager £55,000 - £70,000 £325 - £400 Senior Finance Business Partner £55,000 - £70,000 £325 - £400 Finance Manager £50,000 - £60,000 £275 - £350 Finance Business Partner £50,000 - £60,000 £275 - £350 Newly Qualified £40,000 - £45,000 £200 - £250 PQ Accountant £20,000 - £35,000 £120 - £200 Graduate £18,000 - £24,000 £10 - £15p/h School leaver £15,000 - £18,000 £10 - £15p/h View salaries in other sectors within Thames Valley »
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General
21/08/18
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View public practice & taxation salaries in Ireland. Download the full Ireland 2018 Market Insight Report here » PUBLIC PRACTICE & TAXATION Job title Salary range Trainee Accountant €18,000 - €25,000 Part Qualified Accountant €25,000 - €40,000 Audit Senior €40,000 - €50,000 Tax Senior €40,000 - €50,000 Assistant Manager €45,000 - €55,000 Manager €55,000 - €60,000 Senior Manager €70,000 - €90,000 Director €90,000 - €120,000 View salaries in other sectors within Ireland »
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Market Insight Reports
20/08/18
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View part qualified & transactional market salaries within London's commerce and industry sector. Download the full London Commerce & Industry 2018 Market Insight Report here » PART QUALIFIED & TRANSACTIONAL Job title Salary range Day rate Graduate/Trainee Accountant £24,000 - £26,000 £90 - £110 Accounts Assistant £24,000 - £30,000 £90 - £120 Accounts Payable/Accounts Receivable Assistant £22,000 - £28,000 £80 - £120 Senior Accounts Payable/Senior Accounts Receivable £28,000 - £35,000 £100 - £140 Revenue/Billings Manager £35,000 - £55,000 £120 - £250 Accounts Payable/Accounts Receivable Manager £35,000 - £55,000 £120 - £250 Credit Controller £26,000 - £30,000 £80 - £130 Credit Control Senior/Supervisor £32,000 - £38,000 £100 - £160 Credit Control Manager £38,000 - £55,000 £120 - £250 Assistant Accountant £30,000 - £35,000 £100 - £150 Financial Accountant £36,000 - £44,000 £130 - £200 Management Accountant £36,000 - £44,000 £130 - £200 Finance Analyst £36,000 - £44,000 £130 - £200 Finance Manager £40,000 - £45,000 £150 - £220 View London salaries in other sectors within commerce & industry »
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Market Insight Reports
16/08/18
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View banking and financial markets salaries within the top tier banks, mid tier banks, SME and general financial services institutions: Download the full London Financial Services 2018 Market Insight Report here » TOP TIER BANKS Job title Salary range Day rate Financial Control | Newly Qualified to 2 years PQE £55,000 - £65,000 £275 - £350 Financial Control | 2 - 5 years £65,000 - £90,000 £325 - £450 Financial Control | 5 - 10 years £90,000+ £400 - £750 Legal Entity Controller | Newly Qualified to 2 years PQE £50,000 - £60,000 £275 - £375 Legal Entity Controller | 2 years to 5 years £60,000 - £85,000 £350 - £450 Legal Entity Controller | 5 - 10 years PQE £85,000+ £400 - £600 Finance Business Partner/FP&A | Newly Qualified to 2 years PQE £55,000 - £68,000 £300 - £350 Finance Business Partner/FP&A | 2 - 5 years PQE £65,000 - £90,000 £350 - £500 Finance Business Partner/FP&A | 5 - 10 years PQE £80,000+ £450 - £600 Management Accountant | Newly Qualified to 2 years PQE £50,000 - £60,000 £250 - £350 Management Accountant | 2 - 5 years PQE £60,000 - £80,000 £325 - £400 Management Accountant | 5 - 10 years PQE £80,000+ £350 - £450 Product Controller | Newly Qualified to 2 years PQE £55,000 - £65,000 £275 - £350 Product Controller | 2 - 10 years PQE £60,000 - £80,000 £350 - £650 MID TIER BANKS Job title Salary range Day rate Financial Controller | Newly Qualified to 2 years PQE £55,000 - £65,000 £225 - £325 Financial Controller | 2 - 5 years PQE £60,000 - £85,000 £300 - £400 Financial Controller | 5 - 10 years PQE £85,000+ £350 - £550 Financial Accountant | Newly Qualified to 2 years PQE £50,000 - £60,000 £225 - £325 Financial Accountant | 2 - 5 years PQE £60,000 - £80,000 £300 - £400 Financial Accountant | 5 - 10 years PQE £75,000+ £350 - £500 Finance Business Partner/FP&A | Newly Qualified to 2 years PQE £50,000 - £65,000 £275 - £350 Finance Business Partner/FP&A | 2 - 5 years PQE £65,000 - £80,000 £325 - £450 Finance Business Partner/FP&A | 5 - 10 years PQE £80,000+ £400 - £575 Management Accountant | Newly Qualified to 2 years PQE £50,000 - £60,000 £225 - £325 Management Accountant | 2 - 5 years PQE £60,000 - £75,000 £300 - £400 Management Accountant | 5 - 10 years PQE £75,000+ £350 - £475 Product Controller | Newly Qualified to 2 years PQE £50,000 - £65,000 £275 - £350 Product Controller | 2- 10 years PQE £60,000 - £80,000 £350 - £550 Head of Finance £90,000 - £120,000 £400 - £650 Finance Director £110,000 - £150,000 £550 - £750 Chief Financial Officer £60,000 - £80,000 £600 - £1,200+ SME/FS GENERAL Job title Salary range Day rate Financial Controller | Newly Qualified to 2 years £50,000 - £60,000 £225 - £325 Financial Controller | 2 years to 5 years £60,000 - £75,000 £300 - £400 Financial Controller | 5 years to 10 years £75,000+ £350 - £550 Financial Accountant | Newly Qualified to 2 years £48,000 - £55,000 £225 - £325 Financial Accountant | 2 years to 5 years £55,000 - £65,000 £300 - £400 Financial Accountant | 5 years to 10 years £65,000+ £350 - £500 Finance Business Partner | Newly Qualified to 2 years £50,000 - £60,000 £275 - £350 Finance Business Partner | 2 years to 5 years £55,000 - £70,000 £325 - £450 Finance Business Partner | 5 years to 10 years £70,000+ £400 - £575 Management Accountant | Newly Qualified to 2 years £48,000 - £55,000 £225 - £325 Management Accountant | 2 years to 5 years £55,000 - £65,000 £300 - £400 Management Accountant | 5 years to 10 years £65,000+ £350 - £475 Head of Finance £80,000 - £100,000 £400 - £600 Finance Director £90,000 - £120,000+ £500 - £700 Chief Financial Officer £100,000 - £175,000+ £500 - £1,000 View salaries in other sectors within London Financial Services »
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Market Insight Reports
16/08/18
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View part qualified & transactional market salaries within financial services: Download the full London Financial Services 2018 Market Insight Report here » PART QUALIFIED & TRANSACTIONAL Job title Salary range Day rate Graduate/Entry Level | up to 12 months' experience £25,000 - £30,000 £80 - £120 Accountants Assistant | more than 12 months' experience £28,000 - £32,000 £100 - £130 Accounts Payable/Recievable £40,000 - £45,000 £80 - £200 Assistant Accountant £30,000 - £35,000 £150 - £180 Assistant Financial Accountant £33,000 - £40,000 £150 - £200 Assistant Management Accountant £33,000 - £40,000 £150 - £200 Finance Analyst £32,000 - £40,000 £150 - £200 Part Qualified Regulatory Accountant £35,000 - £45,000 £150 - £210 Part Qualified Fund Accountant £33,000 - £40,000 £150 - £200 Fund Administrator £25,000 - £35,000 £100 - £150 Depositary Analyst £25,000 - £35,000 £120 - £180 View salaries in other sectors within London financial services »
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General
22/05/18
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We recently held a networking event for our senior finance clients at Charlotte Tilbury in Covent Garden. Everyone thoroughly enjoyed this small intimate event and we received an overwhelming number of responses and positive feedback. The evening started with a masterclass from their top makeup artists who have worked alongside Charlotte Tilbury herself! This was followed by a makeup demonstration where one of our lucky clients got the chance to be the model, showing off a range of new and exciting products in day and evening looks. The evening ended with everyone networking over prosecco, cake and a personalised mini master class where our clients were treated to a voucher they could spend on any products they liked from the evening! We would like to thank everyone who attended and we look forward to the next one! If you are interested in attending our next event then please get in contact with either Joanne.Leake@markssattin.com, Ella.Solomon@markssattin.com or Hannah.Spears@markssattin.com. The Commerce and Industry team cover all finance roles ranging from part qualified up to executive level within specific industries such as retail, FMCG, hospitality and media and technology. Visit our jobs page to view current vacancies within Commerce and Industry.
