2024 was a year where accountants in industry had to adapt to technological advancements and regulatory shifts. We have seen a huge surge in the adoption of AI, machine learning and automation tools. The need to embrace and adapt to these developments is front and centre for industry accountants.
There is also growing emphasis on Environmental, Social, and Governance (ESG) reporting, as companies prioritise sustainability and build ESG into accounting. New policies and regulation, particularly in the area of sustainable finance, means that accountants need to be up to speed.
“As we approach 2025, the demand for tech savvy accountants with skills in automation, data analytics, and cloud-based accounting is rising as is the need for accountants with ESG expertise and strategic finance skills”
We are seeing an increase in demand across industry for skills in the area of FP&A and strategic business partnering. There is a growing
demand for accountants who can move beyond number crunching and act as a Business Partner – Accountants who can combine
strategic thinking with technological know how and proficiency.
A resurgence in newly qualified Accountants emigrating to Canada, Australia, New Zealand is adding to a severe shortage of talent at this level.
As organisations continue to prioritise Diversity, Equity, and Inclusion (DE&I), hiring managers are actively looking to build more diverse accounting teams.
Salary continues to remain a key consideration when moving jobs in industry, although a more significant trend is the growing preference for flexible working arrangements. Remote working is not going anywhere with a large portion of accountants still working fully remotely or hybrid.
“As organisations continue to prioritise Diversity, Equity, and Inclusion (DE&I), hiring managers are actively looking to build more diverse accounting teams”
2024 has seen somewhat of a slowdown in recruitment processes. Market uncertainty, the economic outlook and cost factors all play a part in processes slowing down and decisions taking longer. A hiring process that was taking 3-4 weeks is now taking up to 6-8 weeks to complete.
Overall, 2024 has seen steady accounting & finance hiring across SME’s and large domestic organisations and continued growth across Tech, Pharma, Healthcare, Manufacturing, Engineering and Renewable Energy.
What are the current salaries for Industry Accounting professionals?
Titles | SME | Large Domestic | Irish PLC | MNC |
CFO/FD | €100k - €120k | €120k - €140k | €150k - €200k | €180k - €250k |
Head of Finance/ FC | €80k - €100k | €110k - €130k | €130k - €160k | €140k - €180k |
Head of FP&A | n/a | €100k - €120k | €120k - €140k | €130k - €150k |
Head of Financial Reporting | n/a | €100k - €120k | €120k - €140k | €130k - €150k |
Finance Manager | €70k - €80k | €80k - €90k | €90k - €100k | €100k - €120k |
Finance Business Partner | n/a | €60k - €75k | €75k - €85k | €80k - €90k |
Project Accountant | €50k - €60k | €55k - €65k | €60k - €70k | €65k - €75k |
Treasury Accountant/Analyst | n/a | €55k - €60k | €55k - €65k | €60k - €70k |
Financial Accountant | €50k - €60k | €55k - €60k | €60k - €65k | €65k - €70k |
Financial/ FP&A Analyst | €45k - €50k | €50k - €55k | €55k - €60k | €65k - €70k |
AP/AR Manager | €50k - €55k | €55k - €60k | €60k - €65k | €65k - €75k |
AP/AR Assistant/ Specialist | €28k - €30k | €30k - €35k | €35k - €40k | €40k - €45k |
Credit Control TL/ Manager | €45k - €50k | €50k - €55k | €50k - €60k | €55k - €65k |
Credit Controller | €28k - €30k | €30k - €35k | €35k - €40k | €40k - €50k |
Payroll Manager | €45k - €50k | €50k - €55k | €55k - €65k | €65k - €75k |
Payroll Specialist | €30k - €35k | €35k - €40k | €40k - €45k | €45k - €50k |