Financial Services Accounting Salary Survey

The demand for accountants across Ireland’s Banking, Insurance, Funds, Asset Management and Banking will continue to be strong going into 2025 due to the evolving financial landscape, regulatory changes, and technological advancements. Here’s an overview of the key factors driving demand:

The banking sector in Ireland will continue to face increased regulatory scrutiny, especially from EU regulators and the Central Bank of Ireland. This will drive demand for accountants with expertise in compliance, risk management, and regulatory reporting.

“Wage inflation is growing at a faster rate on the specialist side and this is purely down to supply and demand of appropriate skills and knowledge in the Irish market”

Accountants who specialise in IFRS standards, Basel III/IV requirements, and anti-money laundering (AML) will continue to be in high demand. With the adoption of Fintech, Blockchain and AI-driven banking services, banks will need accountants skilled in handling the financial complexities of these technologies. Accountants with knowledge in data analytics, financial risk assessment and cybersecurity will play a key role in managing the digital transformation.

Banks are increasingly focused on ESG investing and green finance. As a result, accountants with experience in ESG reporting and sustainable finance will be sought after to ensure that banks align with EU Taxonomy and other ESG frameworks. The growing complexity of risk management in the insurance industry will increase the demand for accountants who specialise in actuarial accounting particularly those with experience in Solvency II compliance and financial risk modelling. Accountants who can work alongside actuaries to assess financial reserves, claims, and policyholder obligations will be in demand.

“Accountants with knowledge in data analytics, financial risk assessment and cybersecurity will play a key role in managing the digital transformation.”

Automation and AI in the insurance sector are changing how claims and policies are managed. Accountants with expertise in automated
claims processing, policy management systems and AI-based underwriting will be valuable.

The insurance industry is increasingly focused on climate risk and its impact on policy holders. Accountants will need to have expertise in climate-related financial disclosures and ESG reporting to support the industry’s growing emphasis on sustainability.

In summary, specialist jobs that are in high demand include: ESG Accountants, FP&A Specialists, Regulatory Accountants, Forensic  Accountants, Tax Accountants, Treasury Accountants and Internal Auditors and this is reflected in the salaries outlined in the following chart.

In summary, specialist jobs that are in high demand include: ESG Accountants, FP&A Specialists, Regulatory Accountants, Forensic Accountants, Tax Accountants, Treasury Accountants and Internal Auditors and this is reflected in the salaries outlined in the following chart.