SALARY SURVEY 2013 - Robert Walters Singapore

NETHERLANDSNETHERLANDSFINANCIALINTERIMSOLUTIONSNETHERLANDSFINANCIALINTERIMSOLUTIONSRobertWalters’financialinterimsolutionsdivisionprovidesproject,backfillandcapacitysolutionstoorganisationsastheydealwithbusinesschangedevelopments,includingM&AandIPOpreparation,rapidgrowth,corporateconsolidationorcrisismanagement.Itoffersimmediateaccess(candidatesareprovidedwithin24hours)toprovenandhighlyskilledfreelancefinanceprofessionalswhocanoperateacrossdifferentfinanciallinepositions(suchasCFO’s,businessandfinancialcontrollers/analysts,financialaccountantsandcreditcontrollers)andhighlyspecialistroles(suchasIFRS/USGAAP,revenuerecognition,consolidationandsystemimplementation).MarketOverviewWesawasignificantslowdownintheinterimfinancejobsmarketinthelastquarterof2011andfirstquarterof2012duetoincreasedinsecuritiescausedbytheEurozonefinancialcrisis.Duringthisperiod,projectsthatdidnotimmediatelyinfluencethebottomlinewerecancelledorpostponed,whichresultedinfewervacanciesinthisarea.Fromthesecondquarterof2012onwards,wesawamoderatebutsteadyincreaseindemandforinterimfinanceprofessionals,evenduringthetypicallyslowsummerperiodasemployersre-visitedprojectsthatwerepostponedearlierintheyear.Inmanycases,interimfinanceprofessionalswerepreferredoverpermanentcandidatesduetocontinuedfocusonreducingheadcount.Asin2011,themajorityofinterimassignmentswereprojectrelated,focusingonIPOpreparation,IFRSimplementation,M&A,systemsupgrades,improvementofmanagementinformationand/ortheimplementationofnewreportingtools.Theseresultedinbothbackfillandspecialistrequirements.Inthesecases,specificindustryexperiencewasrequired.SalariesTheslowdownofthemarketinthefirstquarterof2012ledtoasignificantincreaseinthenumberofinterimfinanceprofessionalsseekingnewroles.Asaconsequence,ratesdecreasedby15-20%forcandidateswithamoregeneralistfinanceandcontrolbackgroundthroughouttherestoftheyear.Formorespecialisedinterimfinanceprofessionals(e.g.financialreporting,internalaudit,sharedservicecentrespecialist),ratesremainedatthesamelevelsasin2011.Outlookfor2013Recruitmentmarketconditionsforinterimfinanceprofessionalsfor2013aredifficulttopredictandwillbeintrinsicallylinkedtohowgovernmentswillbeabletoregeneratetrustintheEuropeaneconomy.Iftheyareabletodothis,weexpectcompaniestostartinvestingagainandnewprojectstobereleasedwhichwillresultinincreaseddemandforinterimfinanceprofessionals.Ascompanieswillgenerallywanttoimprovetheirmanagementreports,interimfinanceprofessionalswithexperienceinHyperion,CognosandSAPBPCwillbemostindemand.FINANCIALINTERIMSOLUTIONSROLECONTRACTRATEPERDAY€2012 2013Finance&AccountingChiefFinancialOfficer(10+yrs’exp) €1000-1750 €900-1700(Financial)Auditor(RA/ACCA) €800-1250 €700-1200ERPImplementationSpecialist(5+yrs’exp) €800-1250 €700-1100GroupController/FinanceDirector(10+yrs’exp) €800-1200 €700-1000FinancialManager(5+yrs’exp) €700-900 €600-850FinancialController/BusinessController(5+yrs'exp) €700-900 €600-850AssistantController(3-5yrs’exp) €450-650 €400-600FinancialAccountant/SeniorGLAccountant €400-600 €350-550FinancialAnalyst/BusinessAnalyst(3-5yrs’exp) €450-650 €400-600SharedServicesCentreTeamLeader €500-800 €450-750OperationalAP/AR/GLRoles €300-400 €300-400123NB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.RobertWaltersGlobalSalarySurvey2013