Fund Accounting Queries Dublin

Football Friend

Hi,

I tried the search function but don't any recent/relevant answers to my queries.

I'm a part qualified ACCA accountant (4 exams left but doing 2 of them in June) and Im working in a specialised area in the Finance sector for the last 3.5 years. I've decided I want to transfer to a fund accounting role.

What salary should I be asking for/expecting? It seems the entry level fund accountant is 25-30k but with me being close to qualified and having some experience in the Finance sector (albeit not directly accounting) what should I be looking at? (Hopefully more than 30k)?

Also can anyone tell me where the fund accounting deparments of State Street, BNY and Citi Bank are in Dublin? I've been on their websites and they have a number of offices in Dublin but I don't know which building deals with what.

Thanks for taking the time to read this!

darklighter

I'd be surpised if you get more than 30k with no experience in the sector. If you do have some experience that directly relates (eg Financial Statement/Reporting preperation), you may get lucky. At the entry level to Fund Accounting, its definitely weighted towards the employers at the moment. And an accounting qualification wont give you the same pay bump in FA as it would in Industry/Practice.

State Streets main office is on the South Quays beside the east-link bridge, Citi are on the North Quay between the Custom House & Beckett Bridge, BNY have a number of offices but most (if not all) are located close to the liffey.

freeze4real

Does anyone know the starting salary for state street/hedgeserv in a fund accounting position for a graduate ?

Ardeehey

Just did a quick survey across my place and a few others, average for a non-experienced grad is from 23-26k, being part qualified won't really add to that too at that point.

nareik27

Considering your almost gained your ACCA qualification I would stay away from Fund Accounting. I worked in the role for 1 year and still work in the industry but no longer in Fund Accounting. I would say its not a bad first job out of college which it was for me but long term I would not rate it as a career choice. The work is very repetitive and not particularly challenging. The toughest part of the job can be the workload which at certain times of the month can be enormous especially during peoples holiday leave. This can happen in all jobs but due to the nature of the work you don't really learn much about fund management. I think a lot of people go into the role thinking they will learn loads about investments and one day have move into a fund management role. This is not the nature of the job. It is a back office role. You will spend your time working towards producing the NAV (Net asset Value) of your fund each day. Constant checklists and printing. There are plenty of opportunities in Dublin and you shouldn't have too much problems finding work but at this stage in your career I wouldn't advise going down this route. As one of my colleagues said at my leaving drinks " Look around no one here likes their job".
If you still want to go down this route I would you could get about €30,000 with no fund accounting experience but taking into account the experience you already have and the fact that your have most of you ACCA exams completed. I know you mentioned BNY, State Street & Citi but I would also consider some of the smaller Fund Administrators in Dublin, there are plenty. From what I hear the larger the organistion the more automated the role and the less you learn