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Salary Survey 2013
Shared Service Centers
Business Process Outsourcing
Warsaw | Krakow | Lodz
CIMA management accountants like Allison Kirkby, FCMA, CGMA, led Procter & Gamble‘s
expansion into Eastern Europe.
Find out more about CIMA’s value in the private and public sector
www.cimaglobal.com/drogadosukcesu
Allison Kirkby
Director Finance UK & Ireland
Procter & Gamble
Management	 31
Head of Shared Service Center 	 32
Finance Process Director	 33	
Operations/Risk/Compliance Process Director	 34
Operations/Risk/Compliance Process Manager	 35	
Migration / Transition Manager 	 36
GL/AP/AR Process Manager 	 37
Process Optimization Manager	 38
Fund Accounting Manager	 39
Summary	 40
About Page Personnel	 43
About Grant Thornton	 44
	
  
Table of contents
Introduction	 8
Methodology	 10	
Finance & Accounting	    11
Accounts Payable / Procure to Pay	 12
Accounts Receivable / Order to Cash	 13
General Ledger / Record to Report	 14
Fixed Assets	 15
Treasury Specialist	 16
AP/AR Team Leader	 17
GL Team Leader	 18
Internal Auditor / SOX Compliance	 19
Financial Analyst 	 20
Consolidation / Reporting Specialist	 21
Customer Service with Foreign Languages	 22
Banking	 23
Fund Accountant	 24
Fund Accounting Team Leader / Supervisor	 25
AML Analyst	 26
Financial Analyst	 27
Product Controller	 28
Operations / Customer Service Specialist	 29
8 9
Introduction
Dear Readers,
Building business capability is the most powerful source of strategic advan-
tage in today’s global economy, which is characterised by growing compe-
titive pressure. Businesses which look not only to protect and expand their
core operations, but also to optimally organise their business administration,
will develop their capability faster than their competitors. Enterprises must
make more effective use of dynamically growing sources and opportuni-
ties emerging in terms of organising back-office functions, if they wish to
develop their own capability and activate new powerful drivers of innovation
and growth.
Innovation may apply not only to products and services, but also to processes, operating models,
combining resources and actions in a unique way to generate new revenue streams. Building capa-
bility, innovation and effectiveness, are all gaining significance. Networks of cooperating companies
are emerging. Managers are focusing on allocating resources in an innovative way and expanding
the knowledge and potential of their employees. The concept of building Shared Service Centres
(SSC) is finding a broad application. Factors contributing to its growth include information technology
development and emerging technological solutions, e.g. electronic document flow.
Financial directors, financial controllers and board members can build business value. The orga-
nisation of accounting and finance functions in a way that ensures their effectiveness and control
over processes is a real tool at their disposal. Shared Services Centres (SSC) and Business Process
Outsourcing (BPO) are solutions for accounting and finance functions that have attracted attention
and controversy for years. Experts believe that their short-term consequences were overrated, while
their long-term impact was underestimated. Outsourcing forces businesses to improve their perfor-
mance faster, and at the same time creates opportunities for close cooperation with other specialised
businesses which help facilitate those efforts.
Outsourcing refers, in particular, to contracting business operations out of the company in order to
capitalise on cost or skill differences. Value can be created through seeking operational cost efficiencies,
reducing risk and building world-class capability. These days, financial directors leading their busi-
nesses to success value specialisation (standardisation and centralisation) which prevails over savings.
Specialised outsourcing companies may employ better educated and qualified employees for less.
Grant Thornton, which provides and supports leading outsourcing solutions, is proud to be the
patron of Page Personnel’s detailed salary overview for selected positions at shared service centres.
Together we are providing you with information on good practices in the modern business services
sector. The overview is a practical benchmark for job descriptions and salaries offered in 2012 at
shared service centres. The information contained herein is of crucial importance for readers striving
to successfully transform finance and accounting departments and implement modern organisational
practices, which shared service centres undoubtedly are.
An interesting read I hope you’ll agree!
Katarzyna Banach
Managing Partner, Accounting and Payroll Outsourcing
Grant Thornton
Introduction
Dear Readers,
It is with great pleasure that I present you with the latest edition of the
Page Personnel Salary Survey in the area of Shared Services Centres and
Business Process Outsourcing (SSC/BPO). Inside you will find information
on the current market conditions as well remunerations levels for this sector
in Poland.
For nearly two decades Page Personnel has supported both the candidates, offering professional
consultancy and assistance in career planning, as well as companies which, just like us, believe that
their employees are the key to achieving success. Regardless of the geographic area, we strive to
be a trustworthy and stable business partner for both groups. The data presented in the Survey is
based on the everyday work of our consultants and managers – in 2012 we met with close to 11,000
candidates in Poland and successfully completed over 850 recruitment projects.
The situation on the Polish SSC/BPO market can be characterised as dynamic and in constant growth.
In the past 7 years, nearly 300 international companies have decided to locate their centres in Poland
– third place on the world map of outsourcing services. This is not the end – more openings are still
being planned. What makes global brands want to build their centres in Poland? Undoubtedly well
educated candidates with a knowledge of foreign languages and relatively low labour costs.What is
interesting is that apart from the main agglomerations, other second- and third-tier cities, are in the
race for attracting new investors.
The outsourcing sector is, without a doubt, becoming the candidates’ market. From the employer’s
point of view, the most desired combination is one of adequate professional experience along with
foreign language skills which with a large (and ever growing) demand, must have an impact on the
candidates’ financial expectations and counteroffers.
In times of economic uncertainty all over the globe, international companies will be trying even harder
to optimize costs with the simultaneous improvement in the quality of services provided by their
centres. I am convinced that finding good specialists, with interesting experience and knowledge of
foreign languages, will be a challenge for employers, to say the least.
I hope that the data presented in the latest Salary Survey will prove interesting and will allow you to
compare your resources with those currently offered by the market in a reliable manner.
I hope you enjoy the Survey,
Wojciech Bartz
Manager
Shared Services
10
Finance & AccountingMethodology
Sources of information
The information presented in this survey is taken from 2 main sources:
- analysis of placements made by Page Personnel and Michael Page in Poland (offers
accepted by our candidates)
- Page Personnel and Michael Page database with actual salary levels declared by interviewed
candidates working in the SSC/BPO sector.
Structure of the Salary Survey
Our intention was to present not only raw data but also to provide important insight into the
market showing typical responsibilities for each type of role, as well as the experience and
skills that are expected from the candidates.
This was possible thanks to our dedicated team of consultants working exclusively on SSC/
BPO recruitment processes.
Profile descriptions have been expanded by a typical reporting line/structure.
Salaries split
We have presented a minimum and maximum level of basic salaries in 3 different locations:
Warsaw, Krakow and Lodz for each position stated in the Salary Survey.
Please also note that we have differentiated the level of expertise according to years of
relevant experience:
l Junior Specialist: 0-2 years
l Specialist: 2-5 years
l Senior Specialist: over 5 years
We would like to thank all our clients who have shared their insights, thoughts and personal
experiences with us. This provided a valuable context for the raw data.
12 13
Junior Specialist
Min
Max
Min
Max
Min
Max
Warsaw
Specialist
Senior Specialist
Specialist
Krakow Lodz
Accounts Payable/Procure to Pay
Responsibilities
l Process and post invoices
l Block / release invoices for payments
l Vendor queries resolution
l Accounts reconciliation
l Reporting
Reports to
l Accounts Payable Team Leader
l Accounts Payable Manager
Experience
l Higher education degree (preferably Finance/Accounting/Economy)
l Fluency in English
l Fluency in additional foreign language
l Strong analytical skills
l Excellent communication and interpersonal skills
l ERP literacy is an asset
l Very good knowledge of MS Office package (especially MS Excel)
3,000
4,500
4,000
6,000
5,500
7,000
2,500
3,500
3,500
4,500
4,500
5,500
2,200
3,000
2,800
4,000
3,500
4,500
Junior Specialist
Min
Max
Min
Max
Min
Max
Warsaw
Specialist
Senior Specialist
Specialist
Krakow Lodz
Accounts Receivable/Order to Cash
Responsibilities
l Timely cash collection
l Invoice processing, credit control, booking of incoming payments
l Prepare ageing and reporting on overdue invoices
l Contact with clients
l Accounts reconciliation
Reports to
l Accounts Receivable Team Leader
l Accounts Receivable Manager
Experience
l	Higher education degree (preferably Finance/Accounting/Economy)
l Fluency in English
l Fluency in additional foreign language
l Strong analytical skills
l Excellent communication and interpersonal skills
l ERP literacy is an asset
l Very good knowledge of MS Office package (especially MS Excel)
3,000
4,500
4,000
6,000
5,500
7,000
2,500
3,500
3,500
4,500
4,500
5,500
2,200
3,000
2,800
4,000
3,500
4,500
14 15
Junior Specialist
Min
Max
Min
Max
Min
Max
Warsaw
Specialist
Senior Specialist
Specialist
Krakow Lodz
General Ledger/Record to Report
Responsibilities
l Post journal entries
l Period End Closing activities: accruals postings, accounts reconciliation,
	 review of Balance Sheet and Profit and Loss accounts
l Support internal and external audits
l Prepare compliance documentation
Reports to
l GL Team Leader
l Process Manager
Experience
l Degree in Finance/Accounting/Economy
l Proven knowledge of International Accounting Standards
l Fluency in English
l Fluency in additional foreign language is an asset
l Strong analytical and interpersonal skills
l ERP literacy
l Very good knowledge of MS Office package (especially MS Excel)
4,000
5,500
5,000
7,500
7,000
12,000
3,000
4,000
4,000
5,500
5,000
6,800
2,500
3,500
3,500
5,000
4,500
6,000
Specialist
Min
Max
Min
Max
Warsaw
Senior Specialist
Krakow Lodz
Fixed Assets
Responsibilities
l Handle fixed assets register
l Calculate depreciation
l Reconciliation of fixed assets sub-ledger to general ledger
l Asset retirement and disposal
l Control and report capital expenditures vs. budget
l Support internal and external audit
Reports to
l Team Leader
l Process Manager
l CAPEX Manager
Experience
l Degree in Finance/Accounting/Economy
l Proven knowledge of International Accounting Standards
l Fluency in English
l Fluency in additional foreign language is an asset
l Strong analytical and interpersonal skills
l ERP literacy
l Very good knowledge of MS Office package (especially MS Excel)
5,000
7,500
7,000
10,000
4,000
5,500
5,500
6,500
3,500
5,000
4,500
6,000
16 17
Treasury Specialist
Responsibilities
l Manage daily settlements, confirmations and payments between business
	 entities and banks
l Cash forecasting and variances analysis
l Netting, cash pooling, reconciliations of bank accounts, journal entries
l Reporting
l Key contact for banks
Reports to
l Head of Treasury Department
Experience
l Degree in Finance/Banking
l Minimum of 2 years related treasury experience in international company
l Fluency in English
l Fundamental understanding of global cash management principles
l Strong analytical skills
l ERP literacy
l Very good knowledge of MS Office package (especially MS Excel)
Specialist
Min
Max
Min
Max
Warsaw
Senior Specialist
Krakow Lodz
5,000
7,500
7,000
10,000
4,000
6,500
6,000
8,500
4,000
5,500
5,500
7,000
AP/AR Team Leader
Responsibilities
l Ensure timely and accurate processing of transactions by the team
l Manage reconciliation of accounts process
l Monitor and analyse team performance
l Conduct audit to ensure highest quality of processing in the team
l Identify risks, addressing and managing escalations
l Implement and improve financial and accounting tools, playing a key role in continuous
	 improvement programme
l Team management (regular meetings, frequent feedbacks, coaching, recognitions, 		
	 development plan)
Reports to
l Process Manager
l Head of SSC/BPO
l External Clients
Experience
l	Degree in Finance/Accounting
l Proven experience in AP/AR
l Proven experience in a Team Leader position
l Fluency in English
l Fluency in additional foreign language is an asset
l Excellent communication, presentation and analytical skills
l Leadership skills, ability to motivate team members
l ERP literacy
l Very good knowledge of MS Office package (especially MS Excel)
AP/AR Team
Leader
Min
Max
Warsaw Krakow Lodz
6,000
10,000
5,000
9,000
5,000
10,000
18 19
GL Team Leader
Responsibilities
l Ensure timely and accurate processing of transactions by the team
l Manage reconciliation of accounts process
l Monitor and analyse team performance
l Conduct audit to ensure highest quality of processing in the team
l Identify risks, addressing and managing escalations
l Implement and improve financial and accounting tools, playing a key role in continuous
	 improvement programme
l Team management (regular meetings, frequent feedbacks, coaching, recognitions,
	 development plan)
Reports to
l Process Manager
l Head of SSC/BPO
l External Clients
Experience
l Degree in Finance/Accounting
l Proven experience in GL
l Proven experience in a Team Leader position
l Fluency in English
l Fluency in additional foreign language is a plus
l Excellent communication, presentation and analytical skills
l Leadership skills, ability to motivate team members
l ERP literacy
l Very good knowledge of MS Office package (especially MS Excel)
GL Team Leader
Min
Max
Warsaw Krakow Lodz
7,000
12,000
5,500
10,000
5,000
10,000
Internal Auditor/SOX Compliance
Responsibilities
l Plan, document and conduct audit assignments
l Evaluate controls, validate documentation, identify gaps and risks
l Perform financial and operational reviews during audit projects
l Perform mapping of processes and assess internal procedures
l Identify profit improvement and cost saving opportunities
Reports to
l Head of Audit Department
l Head of SSC/BPO
Experience
l	Degree in Finance/Accounting/Audit
l Proven experience in a similar role (Audit, Internal Control)
l Very good knowledge of financial and operational audit matters
l Professional qualifications / certificates will be a plus
l Fluency in English
l Excellent communication, presentation and analytical skills
l Very good knowledge of MS Office package (especially MS Excel)
l Flexibility and willingness to travel
Internal Auditor/
SOX Compliance
Min
Max
Warsaw Krakow Lodz
6,000
10,000
4,500
9,000
4,000
8,000
20 21
Financial Analyst  
Responsibilities
l Assist in the budgeting process
l Control, analyse and report on variances
l Periodical financial reporting and forecasting
l Development of reporting tools
l Close cooperation with accounting teams
Reports to
l Team Leader
l Process Manager
l Financial Controller (Client)
Experience
l Degree in Finance/Accounting
l Fluent English
l Proven experience in Finance / Accounting / Financial Reporting
l Very good knowledge of financial / accounting matters
l Excellent analytical skills
l Very good knowledge of MS Office package (especially MS Excel)
Specialist
Min
Max
Min
Max
Warsaw
Senior Specialist
Krakow Lodz
5,000
7,000
6,000
9,000
4,500
6,000
6,000
8,500
3,500
6,000
5,500
7,000
Consolidation/Reporting Specialist
Responsibilities
l Consolidate of financial / accounting data and reporting to the stakeholders
l Coordinate and participate in period-end closing activities
l Cooperate with Company’s local auditors in the preparation of company
	 financial statements
l Review current accounting requirements and recommend improvements when necessary
l Create and implement new procedures
l New reporting tools development together with IT department / software supplier
Reports to
l Team Leader
l Process Manager
l Financial Controller (Client)
Experience
l	Degree in Finance/Accounting/Controlling
l Professional experience in Accounting / Financial Reporting
l Practical understanding of local and international accounting standards
l Experience in dealing with local and group reporting
l Fluency in English
l Excellent analytical skills
l Very good practical knowledge of accounting and reporting systems
l Very good knowledge of MS Office package (especially MS Excel)
Specialist
Min
Max
Min
Max
Warsaw
Senior Specialist
Krakow Lodz
5,000
7,000
6,000
9,000
5,000
6,000
6,000
7,500
3,500
6,000
5,500
7,000
22
Customer Service with Foreign Languages
Responsibilities
l Provide day-to-day support (phone and email) to the clients within certain areas
l Key contact for issues resolution
l Respond to inquiries and notify customers of claim investigation results
l Build and maintain strong relations with clients/business units
Reports to
l Customer Service Team Leader
Experience
l Bachelor’s or Master’s degree
l Fluency in English
l Fluency in additional foreign language
l Strong communication and interpersonal skills
l Ability to conduct telephone conversations
l Proactive attitude
l Knowledge of ERP system is a plus
l Very good knowledge of MS Office package (especially MS Excel)
Junior Specialist
Min
Max
Min
Max
Warsaw
Specialist
Krakow Lodz
2,500
4,500
3,500
5,500
2,500
3,500
3,000
4,500
2,200
3,000
3,000
4,500
Banking
24 25
Fund Accountant
Responsibilities
l Accurate and timely valuation of assets
l Reconciliation of cash balances, investment positions and market values on a daily
	 and monthly basis
l Prepare income statements
l Cooperate with investment managers and prime brokers to resolve queries
	 and discrepancies
•	Prepare periodic client reports
Reports to
l Fund Accounting Team Leader / Supervisor
Experience
l Degree in Finance/Banking
l Experience in Fund Accounting area
l Fluency in English
l Strong analytical skills
l Very good knowledge of MS Excel
Junior Specialist
Min
Max
Min
Max
Warsaw
Specialist
Krakow
3,500
5,000
5,000
6,500
3,200
4,000
4,000
5,000
Fund Accounting Team Leader/Supervisor
Responsibilities
l Ensure standard policies and procedures are followed by the team
l Calculate and disseminate the net asset value of clients’ portfolios
l Review accuracy of cash transactions, benchmarks and financial data
l Prepare periodic client reports
l Monitor and analyse team performance
l Conduct performance evaluations for team members
Reports to
l Fund Accounting Manager
Experience
l	Degree in Finance/Banking
l Minimum 3 years of experience in Fund Accounting area
l Fluency in English
l Excellent communication, presentation and analytical skills
l Leadership skills, ability to motivate team members
l Very good knowledge of MS Excel
Fund Accounting
Team Leader /
Supervisor
Min
Max
Warsaw Krakow
7,000
10,000
5,500
9,000
26 27
AML Analyst
Responsibilities
l Analyse alerts and investigate transactional activities to detect any suspicious operations
	 (money laundering or terrorist financing activities)
l Report unusual client activities
l Perform Know Your Customer (KYC) analysis
l Ensure standard policies are followed by other team members
l Contact with local bank units
Reports to
l Senior AML Analyst
l Team Leader
Experience
l Bachelor’s or Master’s degree
l Fluency in English
l Fluency in additional foreign language
l Analytical skills - ability to work on data and perform researches
l IT literacy (MS Office)
Junior Specialist
Min
Max
Min
Max
Warsaw
Specialist
Krakow
3,000
4,000
4,000
6,000
2,500
3,500
4,000
5,500
Financial Analyst
Responsibilities
l Prepare periodical reports – Profit & Loss, Balance Sheet
l Participate in budgeting process, forecasting
l Variance calculation and analysis
l Reconciliation of financial data
l Develop reporting tools
Reports to
l Team Leader
l Process Manager
l Financial Controller (Client)
Experience
l Degree in Finance/Accounting
l Proven experience in Finance / Accounting / Financial Reporting
l Very good knowledge of financial / accounting matters
l Fluency in English
l Excellent analytical skills
l Very good knowledge of MS Excel
Specialist
Min
Max
Min
Max
Warsaw
Senior Specialist
Krakow
5,000
7,000
6,000
9,000
4,500
6,000
6,000
7,500
28 29
Product Controller
Responsibilities
l Calculate and report P&L on various financial instruments on a daily basis
l Provide explanations on pricing details and P&L movements
l Period end closing reconciliations
l Engage in continuous improvement initiatives
l Prepare regular and ad-hoc analyses
Reports to
l Team Leader
Experience
l Degree in Finance/Banking
l Experience in Finance / Audit of financial institutions
l Understanding of financial markets
l Fluency in English
l Excellent analytical skills
l Very good knowledge of MS Excel
Junior Specialist
Min
Max
Min
Max
Warsaw
Specialist
Krakow
4,000
5,500
5,500
8,000
4,000
5,000
5,000
6,500
Operations/Customer Service Specialist
Responsibilities
l Provide day-to-day support (phone and email) to the clients
	 (banks and business departments)
l Investigate payments and interpret discrepancies
l Key contact for issues resolution
l Recognise risks and report them to the Team Leader
l Build and maintain strong relations with clients/business units
Reports to
l Team Leader
Experience
l	Bachelor’s or Master’s degree
l 1 year of professional experience in service delivery
l Fluency in English
l Fluency in additional foreign language
l Very good organisational and communication skills
l Client orientation
Specialist
Min
Max
Warsaw Krakow
3,000
4,500
3,000
4,000
Management
This section contains data delivered by experts from Michael Page, which is also part of the PageGroup
32 33
Head of Shared Service Center
Responsibilities
l Responsible for SSC management and whole P&L of the unit
l Coordinate continuous process improvements
l Ensure highest quality of services
l Ensure SLAs are met
l Monitor effectiveness of the teams
l Coach and develop mid management structure
l Issue financial statements, budgeting
l Ensure smooth tax and financial controls in cooperation with the external auditor
Reports to
l Head of Regional/Global Shared Services
l CFO / Group CFO
Experience
l Master’s degree in Finance / Accounting
l Professional qualifications (Chartered Accountants / CIMA / ACCA)
l Minimum 8 years of management experience in finance area
l Experience in process/project/change management
l Fluency in English
l Excellent leadership skills
Head of Shared
Service Center
Min
Max
Warsaw Krakow Lodz
25,000
45,000
20,000
40,000
20,000
30,000
Finance Process Director*
Responsibilities
l Responsible for entire Finance process in SSC/BPO
l Manage large operational teams of 50 – 500 through a team of Managers
l Ensure all SLAs are met on a daily basis
l Manage service improvements
l Resolve critical issues and negotiate with internal clients
l Support employee development; provide internal and external trainings;
	 conduct yearly performance assessments etc.
l Cooperate closely with other Process Managers, as well as IT and HR departments
l Implement initiatives leading to cost effectiveness
Reports to
l Head of SSC
Experience
l Master’s degree in Banking / Finance / Economy
l Experience on a similar position, with strong background in managing large teams
l Fluency in English
l Excellent leadership and communication skills
l Proactive attitude in complex issues resolution
l Very good knowledge of MS Excel
*position found in large SSC only
Finance Process
Director
Min
Max
Warsaw Krakow
30,000
35,000
25,000
30,000
34 35
Operations/Risk/Compliance Process Director*
Responsibilities
l Responsible for entire process in assigned area in SSC/BPO
l Manage large operational teams through a team of Managers
l Ensure all SLAs are met on a daily basis
l Manage service improvements
l Resolve critical issues and negotiate with internal clients
l Support employee development; provide internal and external trainings;
	 conducting yearly performance assessments etc.
l Cooperate closely with other Process Managers, as well as IT and HR departments
l Implement initiatives leading to cost effectiveness
Reports to
l Head of SSC
Experience
l Master’s degree in Banking / Finance / Economy
l Experience on a similar position, with strong background in managing large teams
l Fluency in English
l Excellent leadership and communication skills
l Proactive attitude in complex issues resolution
l Very good knowledge of MS Excel
*position found in large SSC only, specific to banking SSCs
Operations//Risk/Compliance
Process Director
Min
Max
Warsaw Krakow
22,000
27,000
20,000
24,000
Operations/Risk/Compliance Process Manager
Responsibilities
l Responsible for entire process in assigned area in SSC/BPO
l Ensure accurate and timely delivery of financial reports and analysis
l Manage service improvements
l Resolve critical issues and negotiate with the clients
l Support employee development; provide internal and external trainings;
	 conduct yearly performance assessments etc.
l Closely cooperate with other Process Managers, as well as IT and HR departments
l Implement initiatives leading to cost effectiveness
Reports to
l Operation/Risk/Compliance Process Director
l Head of SSC
Experience
l Master’s degree in Finance / Accounting
l Experience on a similar position, with strong accounting background
	 and process management skills
l Fluency in English
l Excellent leadership and communication skills
l Proactive attitude in complex issues resolution
l ERP literacy
l Very good knowledge of MS Excel
Operationas/Risk/Compliance
Process Manager
Min
Max
Warsaw Krakow
10,000
18,000
9,000
15,000
36 37
Migration/Transition Manager
Responsibilities
l Plan and conduct migration of processes to SSC/BPO organisation
l FTE and process analysis – in order to design the future structure of the teams and
	 their responsibilities in SSC/BPO
l Report on the advancement of the migration process and risks that occur
l Ensure that the documentation of the process is well prepared and confirmed
	 by the local units
l Cooperate with IT, Accounting, Finance and HR departments
Reports to
l Head of SSC
l Process Director (Operations, Finance – GL/AP/AR, Risk, Compliance)
Experience
l Master’s degree in Finance / Management
l Experience in process/project/change management
l Fluency in English
l Excellent leadership and communication skills
l Proactive attitude in complex issues resolution
l IT systems literacy
Migration/
Transition Manager
Min
Max
Warsaw Krakow Lodz
11,000
26,000
11,000
18,000
7,000
15,000
GL/AP/AR Process Manager
Responsibilities
l Responsible for entire GL / AP / AR process in SSC/BPO
l Ensure accurate and timely delivery of financial reports and analysis
l Manage service improvements
l Resolve critical issues and negotiate with the clients
l Support employees development; provide internal and external trainings;
	 conduct yearly performance assessments etc.
l Cooperate closely with other Process Managers, as well as IT and HR departments
l Implement initiatives leading to cost effectiveness
Reports to
l Process Director
l Head of SSC
Experience
l Master’s degree in Finance / Accounting
l Experience on a similar position, with strong accounting background and process
	 management skills
l Hands on experience in a related field (GL/AP/AR)
l Fluency in English
l Excellent leadership and communication skills
l Proactive attitude in complex issues resolution
l ERP literacy
l Very good knowledge of MS Excel
GL/AP/AR
Process Manager
Min
Max
Warsaw Krakow Lodz
12,000
24,000
9,000
18,000
9,000
15,000
38 39
Process Optimization Manager
Responsibilities
l Constant optimization of processes in BPO/SSC
l Apply the Lean / Six Sigma / other internal methodologies to existing processes
	 to ensure their constant improvement
l Liaise with Process Managers / Directors and Migration Managers to improve
	 operational excellence
l Train staff in relevant optimization methodologies
l Manage a team of Lean / Six Sigma Experts
Reports to
l Head of SSC
l Process Director (Operations, Finance – GL/AP/AR, Risk, Compliance)
Experience
l Master’s degree in Finance / Management
l Experience in process/project/change management
l Six Sigma Black Belt / Master Black Belt certification preferred
l Fluency in English
l Excellent leadership and communication skills
l Proactive attitude in complex issues resolution
l IT systems literacy
Process Optimization
Manager
Min
Max
Warsaw Krakow
12,000
24,000
10,000
20,000
Fund Accounting Manager
Responsibilities
l Manage service delivery of fund accounting operational team
l Improve efficiency and effectiveness of fund accounting operations
l Design and implement proper controls to ensure accurate and timely services to clients
l Implement effective risk management and controlling procedures
l Provide effective resolution of issues
l Work with senior management to develop the vision and culture of the organisation
l Conduct interviews and select high potential candidates
l Manage periodical processes such as reporting, budgeting, compliance audits
Reports to
l Head of Fund Accounting / Group Manager
Experience
l	Master’s degree in Finance / Accounting / Economics
l Professional qualifications will be an asset
l Minimum 5 years of Fund Accounting experience
l Proven track record of leadership and management of large teams of people
	 in international organisations – minimum 2 years
l Fluency in English
l Excellent client relationship management skills
l ERP literacy
l Very good knowledge of MS Excel
Fund Accounting
Manager
Min
Max
Warsaw Krakow
11,000
18,000
10,000
17,000
40
Junior Specialist
Min
Max
Min
Max
Min
Max
Warsaw
Specialist
Senior Specialist
Specialist
Krakow Lodz
3,0
4,5
4,0
6,0
5,5
7,0
2,5
3,5
3,5
4,5
4,5
5,5
2,2
3,0
2,8
4,0
3,5
4,5
Junior Specialist
Min
Max
Min
Max
Min
Max
Specialist
Senior Specialist
Specialist
3,0
4,5
4,0
6,0
5,5
7,0
2,5
3,5
3,5
4,5
4,5
5,5
2,2
3,0
2,8
4,0
3,5
4,5
Junior Specialist
Min
Max
Min
Max
Min
Max
Specialist
Senior Specialist
Specialist
4,0
5,5
5,0
7,5
7,0
12,0
3,0
4,0
4,0
5,5
5,0
6,8
2,5
3,5
3,5
5,0
4,5
6,0
Specialist
Min
Max
Min
Max
Min
Max
Senior Specialist
Specialist
Specialist
5,0
7,5
7,0
10,0
5,0
7,5
4,0
5,5
5,5
6,5
4,0
6,5
3,5
5,0
4,5
6,0
4,0
5,5
Senior Specialist
Min
Max
Min
Max
Min
Max
Specialist
7,0
10,0
6,5
10,0
7,0
12,0
6,0
8,5
5,0
9,0
5,5
10,0
5,5
7,0
5,0
10,0
5,0
10,0
Accounts Payable/
Procure to Pay
Accounts Receiva-
ble/Order to Cash
General Ledger/
Record to Report
Fixed Assets
Treasury Specialist
AP/AR Team Leader
GL Team Leader
Min
Max
Min
Max
Min
Max
Warsaw
Specialist
Senior Specialist
Specialist
Krakow Lodz
6,0
10,0
5,0
7,0
6,0
9,0
4,5
9,0
4,5
6,0
6,0
8,5
4,0
8,0
3,5
6,0
5,5
7,0
Specialist
Min
Max
Min
Max
Min
Max
Senior Specialist
Junior Specialist
Specialist
5,0
7,0
6,0
9,0
2,5
4,5
5,0
6,0
6,0
7,5
2,5
3,5
3,5
6,0
5,5
7,0
2,2
3,0
Specialist
Min
Max
Min
Max
Min
Max
Junior Specialist
Specialist
Specialist
3,5
5,5
3,5
5,0
5,0
6,5
3,0
4,5
3,2
4,0
4,0
5,0
3,0
4,5
x
x
x
x
Min
Max
Min
Max
Min
Max
Junior Specialist
Specialist
Specialist
7,0
10,0
3,0
4,0
4,0
6,0
5,5
9,0
2,5
3,5
4,0
5,5
x
x
x
x
x
x
Specialist
Min
Max
Min
Max
5,0
7,0
6,0
9,0
4,5
6,0
6,0
7,5
x
x
x
x
Internal Auditor /
SOX Compliance
Consolidation/
Reporting Specialist
Fund Accountant
Fund Accounting
Team Leader/
Supervisor
AML Analyst
Financial Analyst
Financial Analyst
Customer Service
with foreign
languages
Senior Specialist
41
Summary
43
Junior Specialist
Min
Max
Min
Max
Min
Max
Warsaw
Specialist
Specialist
Specialist
Krakow Lodz
4,0
5,5
5,5
8,0
3,0
4,5
4,0
5,0
5,0
6,5
3,0
4,0
x
x
x
x
x
x
Min
Max
Min
Max
Min
Max
25,0
45,0
30,0
35,0
22,0
27,0
20,0
40,0
25,0
30,0
20,0
24,0
20,0
30,0
x
x
x
x
Min
Max
Min
Max
Min
Max
10,0
18,0
11,0
26,0
12,0
24,0
9,0
15,0
11,0
18,0
9,0
18,0
x
x
7,0
15,0
9,0
15,0
Min
Max
Min
Max
12,0
24,0
11,0
18,0
10,0
20,0
10,0
17,0
x
x
x
x
Product Controller
Operations/
Customer
Service Specialist
Migration/Transition
Manager
42
GL/AP/AR Process
Manager
Operations/Risk/
Compliance Process
Director
Operations/Risk/
Compliance Process
Manager
Head of Shared
Service Center
Finance Process
Director
Process Optimization
Manager
Fund Accounting
Manager
About Page Personnel
Page Personnel is a leading recruitment agency specialised in permanent and tempo-
rary recruitment. We are a part of the PageGroup, one of the world’s largest and most
professional recruitment consultancies with 164 offices in 34 countries. The philosophy
driving our progress has never wavered - to provide quality services to professionals that
are second to none.
Founded in 1994, Page Personnel has faced a strong development of its activities. Today,
the brand operates in 20 countries: Argentina, Australia, Belgium, Brazil, China, France,
Germany, Italy, Luxembourg, Mexico, Netherlands, Poland, Portugal, Russia, Switzerland,
Singapore, Spain, Sweden, the United Kingdom and the United States.
Page Personnel has been present in Poland since 2010. We specialise in the recruitment
of staff from entry level/graduates to senior specialist positions in Shared Service Centers
/ Business Process Outsourcing, Finance & Accounting, Sales and Marketing.
Executive
Search
Qualified Professional
Clerical Professional
Generalist Staffing
44
About Grant Thornton
Grant Thornton is one of the fastest-growing audit and advisory companies in Poland,
rendering professional services in five main areas: audit, tax advisory, consulting, law,
accounting and payroll services. We are present in five locations: Poznan, Warsaw, Kato-
wice, Krakow, Wroclaw offering support of more than 300 professionals.
Grant Thornton was established in 1993. We have been an exclusive member of Grant
Thornton International in Poland, one of the world’s leading organisations of independently
owned and managed accounting and consulting firms since 2008. Knowledge and expe-
rience of over 2,600 partners and 31,000 employees are available for clients in more than
110 countries. Grant Thornton International established an International Business Center for
Central and Eastern Europe in Poland, responsible for coordinating international projects.
At Grant Thornton, every client receives a personalized service, which means the personal
advice and attention of partners from member firms wherever they are in the world. Not
many international accountancy firms can claim this, even fewer deliver it. For last 20 years
we have worked for the most demanding clients, including a growing number of international
companies as they look for an independent company to handle their business advisory
services in Poland. We have been rendering our services to over 1,000 companies, 32 of
which are listed on the Warsaw Stock Exchange and to more than 50 firms out of the top
500 Polish enterprises.
Grant Thornton is honoured to be Patron of Page Personnel Salary Survey.
Łatwiej niż sądzisz, Szybciej
niż myślisz, Skuteczniej niż się
spodziewasz, Więcej niż planujesz,
Pewniej niż zakładasz.
Więcej pod numerem infolinii:
0 800 MONSTER
(0 800 6667837)
Our office
Page Personnel
ul. Złota 59
00-120 Warszawa
Złote Tarasy, Budynek Lumen
Tel: +48 22 319 30 00
Fax: +48 22 319 30 55
contact@pagepersonnel.pl

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Salary Survey 2013 Finance & Accounting

  • 1. Salary Survey 2013 Shared Service Centers Business Process Outsourcing Warsaw | Krakow | Lodz
  • 2. CIMA management accountants like Allison Kirkby, FCMA, CGMA, led Procter & Gamble‘s expansion into Eastern Europe. Find out more about CIMA’s value in the private and public sector www.cimaglobal.com/drogadosukcesu Allison Kirkby Director Finance UK & Ireland Procter & Gamble
  • 3. Management 31 Head of Shared Service Center 32 Finance Process Director 33 Operations/Risk/Compliance Process Director 34 Operations/Risk/Compliance Process Manager 35 Migration / Transition Manager 36 GL/AP/AR Process Manager 37 Process Optimization Manager 38 Fund Accounting Manager 39 Summary 40 About Page Personnel 43 About Grant Thornton 44 Table of contents Introduction 8 Methodology 10 Finance & Accounting 11 Accounts Payable / Procure to Pay 12 Accounts Receivable / Order to Cash 13 General Ledger / Record to Report 14 Fixed Assets 15 Treasury Specialist 16 AP/AR Team Leader 17 GL Team Leader 18 Internal Auditor / SOX Compliance 19 Financial Analyst 20 Consolidation / Reporting Specialist 21 Customer Service with Foreign Languages 22 Banking 23 Fund Accountant 24 Fund Accounting Team Leader / Supervisor 25 AML Analyst 26 Financial Analyst 27 Product Controller 28 Operations / Customer Service Specialist 29
  • 4.
  • 5. 8 9 Introduction Dear Readers, Building business capability is the most powerful source of strategic advan- tage in today’s global economy, which is characterised by growing compe- titive pressure. Businesses which look not only to protect and expand their core operations, but also to optimally organise their business administration, will develop their capability faster than their competitors. Enterprises must make more effective use of dynamically growing sources and opportuni- ties emerging in terms of organising back-office functions, if they wish to develop their own capability and activate new powerful drivers of innovation and growth. Innovation may apply not only to products and services, but also to processes, operating models, combining resources and actions in a unique way to generate new revenue streams. Building capa- bility, innovation and effectiveness, are all gaining significance. Networks of cooperating companies are emerging. Managers are focusing on allocating resources in an innovative way and expanding the knowledge and potential of their employees. The concept of building Shared Service Centres (SSC) is finding a broad application. Factors contributing to its growth include information technology development and emerging technological solutions, e.g. electronic document flow. Financial directors, financial controllers and board members can build business value. The orga- nisation of accounting and finance functions in a way that ensures their effectiveness and control over processes is a real tool at their disposal. Shared Services Centres (SSC) and Business Process Outsourcing (BPO) are solutions for accounting and finance functions that have attracted attention and controversy for years. Experts believe that their short-term consequences were overrated, while their long-term impact was underestimated. Outsourcing forces businesses to improve their perfor- mance faster, and at the same time creates opportunities for close cooperation with other specialised businesses which help facilitate those efforts. Outsourcing refers, in particular, to contracting business operations out of the company in order to capitalise on cost or skill differences. Value can be created through seeking operational cost efficiencies, reducing risk and building world-class capability. These days, financial directors leading their busi- nesses to success value specialisation (standardisation and centralisation) which prevails over savings. Specialised outsourcing companies may employ better educated and qualified employees for less. Grant Thornton, which provides and supports leading outsourcing solutions, is proud to be the patron of Page Personnel’s detailed salary overview for selected positions at shared service centres. Together we are providing you with information on good practices in the modern business services sector. The overview is a practical benchmark for job descriptions and salaries offered in 2012 at shared service centres. The information contained herein is of crucial importance for readers striving to successfully transform finance and accounting departments and implement modern organisational practices, which shared service centres undoubtedly are. An interesting read I hope you’ll agree! Katarzyna Banach Managing Partner, Accounting and Payroll Outsourcing Grant Thornton Introduction Dear Readers, It is with great pleasure that I present you with the latest edition of the Page Personnel Salary Survey in the area of Shared Services Centres and Business Process Outsourcing (SSC/BPO). Inside you will find information on the current market conditions as well remunerations levels for this sector in Poland. For nearly two decades Page Personnel has supported both the candidates, offering professional consultancy and assistance in career planning, as well as companies which, just like us, believe that their employees are the key to achieving success. Regardless of the geographic area, we strive to be a trustworthy and stable business partner for both groups. The data presented in the Survey is based on the everyday work of our consultants and managers – in 2012 we met with close to 11,000 candidates in Poland and successfully completed over 850 recruitment projects. The situation on the Polish SSC/BPO market can be characterised as dynamic and in constant growth. In the past 7 years, nearly 300 international companies have decided to locate their centres in Poland – third place on the world map of outsourcing services. This is not the end – more openings are still being planned. What makes global brands want to build their centres in Poland? Undoubtedly well educated candidates with a knowledge of foreign languages and relatively low labour costs.What is interesting is that apart from the main agglomerations, other second- and third-tier cities, are in the race for attracting new investors. The outsourcing sector is, without a doubt, becoming the candidates’ market. From the employer’s point of view, the most desired combination is one of adequate professional experience along with foreign language skills which with a large (and ever growing) demand, must have an impact on the candidates’ financial expectations and counteroffers. In times of economic uncertainty all over the globe, international companies will be trying even harder to optimize costs with the simultaneous improvement in the quality of services provided by their centres. I am convinced that finding good specialists, with interesting experience and knowledge of foreign languages, will be a challenge for employers, to say the least. I hope that the data presented in the latest Salary Survey will prove interesting and will allow you to compare your resources with those currently offered by the market in a reliable manner. I hope you enjoy the Survey, Wojciech Bartz Manager Shared Services
  • 6. 10 Finance & AccountingMethodology Sources of information The information presented in this survey is taken from 2 main sources: - analysis of placements made by Page Personnel and Michael Page in Poland (offers accepted by our candidates) - Page Personnel and Michael Page database with actual salary levels declared by interviewed candidates working in the SSC/BPO sector. Structure of the Salary Survey Our intention was to present not only raw data but also to provide important insight into the market showing typical responsibilities for each type of role, as well as the experience and skills that are expected from the candidates. This was possible thanks to our dedicated team of consultants working exclusively on SSC/ BPO recruitment processes. Profile descriptions have been expanded by a typical reporting line/structure. Salaries split We have presented a minimum and maximum level of basic salaries in 3 different locations: Warsaw, Krakow and Lodz for each position stated in the Salary Survey. Please also note that we have differentiated the level of expertise according to years of relevant experience: l Junior Specialist: 0-2 years l Specialist: 2-5 years l Senior Specialist: over 5 years We would like to thank all our clients who have shared their insights, thoughts and personal experiences with us. This provided a valuable context for the raw data.
  • 7. 12 13 Junior Specialist Min Max Min Max Min Max Warsaw Specialist Senior Specialist Specialist Krakow Lodz Accounts Payable/Procure to Pay Responsibilities l Process and post invoices l Block / release invoices for payments l Vendor queries resolution l Accounts reconciliation l Reporting Reports to l Accounts Payable Team Leader l Accounts Payable Manager Experience l Higher education degree (preferably Finance/Accounting/Economy) l Fluency in English l Fluency in additional foreign language l Strong analytical skills l Excellent communication and interpersonal skills l ERP literacy is an asset l Very good knowledge of MS Office package (especially MS Excel) 3,000 4,500 4,000 6,000 5,500 7,000 2,500 3,500 3,500 4,500 4,500 5,500 2,200 3,000 2,800 4,000 3,500 4,500 Junior Specialist Min Max Min Max Min Max Warsaw Specialist Senior Specialist Specialist Krakow Lodz Accounts Receivable/Order to Cash Responsibilities l Timely cash collection l Invoice processing, credit control, booking of incoming payments l Prepare ageing and reporting on overdue invoices l Contact with clients l Accounts reconciliation Reports to l Accounts Receivable Team Leader l Accounts Receivable Manager Experience l Higher education degree (preferably Finance/Accounting/Economy) l Fluency in English l Fluency in additional foreign language l Strong analytical skills l Excellent communication and interpersonal skills l ERP literacy is an asset l Very good knowledge of MS Office package (especially MS Excel) 3,000 4,500 4,000 6,000 5,500 7,000 2,500 3,500 3,500 4,500 4,500 5,500 2,200 3,000 2,800 4,000 3,500 4,500
  • 8. 14 15 Junior Specialist Min Max Min Max Min Max Warsaw Specialist Senior Specialist Specialist Krakow Lodz General Ledger/Record to Report Responsibilities l Post journal entries l Period End Closing activities: accruals postings, accounts reconciliation, review of Balance Sheet and Profit and Loss accounts l Support internal and external audits l Prepare compliance documentation Reports to l GL Team Leader l Process Manager Experience l Degree in Finance/Accounting/Economy l Proven knowledge of International Accounting Standards l Fluency in English l Fluency in additional foreign language is an asset l Strong analytical and interpersonal skills l ERP literacy l Very good knowledge of MS Office package (especially MS Excel) 4,000 5,500 5,000 7,500 7,000 12,000 3,000 4,000 4,000 5,500 5,000 6,800 2,500 3,500 3,500 5,000 4,500 6,000 Specialist Min Max Min Max Warsaw Senior Specialist Krakow Lodz Fixed Assets Responsibilities l Handle fixed assets register l Calculate depreciation l Reconciliation of fixed assets sub-ledger to general ledger l Asset retirement and disposal l Control and report capital expenditures vs. budget l Support internal and external audit Reports to l Team Leader l Process Manager l CAPEX Manager Experience l Degree in Finance/Accounting/Economy l Proven knowledge of International Accounting Standards l Fluency in English l Fluency in additional foreign language is an asset l Strong analytical and interpersonal skills l ERP literacy l Very good knowledge of MS Office package (especially MS Excel) 5,000 7,500 7,000 10,000 4,000 5,500 5,500 6,500 3,500 5,000 4,500 6,000
  • 9. 16 17 Treasury Specialist Responsibilities l Manage daily settlements, confirmations and payments between business entities and banks l Cash forecasting and variances analysis l Netting, cash pooling, reconciliations of bank accounts, journal entries l Reporting l Key contact for banks Reports to l Head of Treasury Department Experience l Degree in Finance/Banking l Minimum of 2 years related treasury experience in international company l Fluency in English l Fundamental understanding of global cash management principles l Strong analytical skills l ERP literacy l Very good knowledge of MS Office package (especially MS Excel) Specialist Min Max Min Max Warsaw Senior Specialist Krakow Lodz 5,000 7,500 7,000 10,000 4,000 6,500 6,000 8,500 4,000 5,500 5,500 7,000 AP/AR Team Leader Responsibilities l Ensure timely and accurate processing of transactions by the team l Manage reconciliation of accounts process l Monitor and analyse team performance l Conduct audit to ensure highest quality of processing in the team l Identify risks, addressing and managing escalations l Implement and improve financial and accounting tools, playing a key role in continuous improvement programme l Team management (regular meetings, frequent feedbacks, coaching, recognitions, development plan) Reports to l Process Manager l Head of SSC/BPO l External Clients Experience l Degree in Finance/Accounting l Proven experience in AP/AR l Proven experience in a Team Leader position l Fluency in English l Fluency in additional foreign language is an asset l Excellent communication, presentation and analytical skills l Leadership skills, ability to motivate team members l ERP literacy l Very good knowledge of MS Office package (especially MS Excel) AP/AR Team Leader Min Max Warsaw Krakow Lodz 6,000 10,000 5,000 9,000 5,000 10,000
  • 10. 18 19 GL Team Leader Responsibilities l Ensure timely and accurate processing of transactions by the team l Manage reconciliation of accounts process l Monitor and analyse team performance l Conduct audit to ensure highest quality of processing in the team l Identify risks, addressing and managing escalations l Implement and improve financial and accounting tools, playing a key role in continuous improvement programme l Team management (regular meetings, frequent feedbacks, coaching, recognitions, development plan) Reports to l Process Manager l Head of SSC/BPO l External Clients Experience l Degree in Finance/Accounting l Proven experience in GL l Proven experience in a Team Leader position l Fluency in English l Fluency in additional foreign language is a plus l Excellent communication, presentation and analytical skills l Leadership skills, ability to motivate team members l ERP literacy l Very good knowledge of MS Office package (especially MS Excel) GL Team Leader Min Max Warsaw Krakow Lodz 7,000 12,000 5,500 10,000 5,000 10,000 Internal Auditor/SOX Compliance Responsibilities l Plan, document and conduct audit assignments l Evaluate controls, validate documentation, identify gaps and risks l Perform financial and operational reviews during audit projects l Perform mapping of processes and assess internal procedures l Identify profit improvement and cost saving opportunities Reports to l Head of Audit Department l Head of SSC/BPO Experience l Degree in Finance/Accounting/Audit l Proven experience in a similar role (Audit, Internal Control) l Very good knowledge of financial and operational audit matters l Professional qualifications / certificates will be a plus l Fluency in English l Excellent communication, presentation and analytical skills l Very good knowledge of MS Office package (especially MS Excel) l Flexibility and willingness to travel Internal Auditor/ SOX Compliance Min Max Warsaw Krakow Lodz 6,000 10,000 4,500 9,000 4,000 8,000
  • 11. 20 21 Financial Analyst Responsibilities l Assist in the budgeting process l Control, analyse and report on variances l Periodical financial reporting and forecasting l Development of reporting tools l Close cooperation with accounting teams Reports to l Team Leader l Process Manager l Financial Controller (Client) Experience l Degree in Finance/Accounting l Fluent English l Proven experience in Finance / Accounting / Financial Reporting l Very good knowledge of financial / accounting matters l Excellent analytical skills l Very good knowledge of MS Office package (especially MS Excel) Specialist Min Max Min Max Warsaw Senior Specialist Krakow Lodz 5,000 7,000 6,000 9,000 4,500 6,000 6,000 8,500 3,500 6,000 5,500 7,000 Consolidation/Reporting Specialist Responsibilities l Consolidate of financial / accounting data and reporting to the stakeholders l Coordinate and participate in period-end closing activities l Cooperate with Company’s local auditors in the preparation of company financial statements l Review current accounting requirements and recommend improvements when necessary l Create and implement new procedures l New reporting tools development together with IT department / software supplier Reports to l Team Leader l Process Manager l Financial Controller (Client) Experience l Degree in Finance/Accounting/Controlling l Professional experience in Accounting / Financial Reporting l Practical understanding of local and international accounting standards l Experience in dealing with local and group reporting l Fluency in English l Excellent analytical skills l Very good practical knowledge of accounting and reporting systems l Very good knowledge of MS Office package (especially MS Excel) Specialist Min Max Min Max Warsaw Senior Specialist Krakow Lodz 5,000 7,000 6,000 9,000 5,000 6,000 6,000 7,500 3,500 6,000 5,500 7,000
  • 12. 22 Customer Service with Foreign Languages Responsibilities l Provide day-to-day support (phone and email) to the clients within certain areas l Key contact for issues resolution l Respond to inquiries and notify customers of claim investigation results l Build and maintain strong relations with clients/business units Reports to l Customer Service Team Leader Experience l Bachelor’s or Master’s degree l Fluency in English l Fluency in additional foreign language l Strong communication and interpersonal skills l Ability to conduct telephone conversations l Proactive attitude l Knowledge of ERP system is a plus l Very good knowledge of MS Office package (especially MS Excel) Junior Specialist Min Max Min Max Warsaw Specialist Krakow Lodz 2,500 4,500 3,500 5,500 2,500 3,500 3,000 4,500 2,200 3,000 3,000 4,500 Banking
  • 13. 24 25 Fund Accountant Responsibilities l Accurate and timely valuation of assets l Reconciliation of cash balances, investment positions and market values on a daily and monthly basis l Prepare income statements l Cooperate with investment managers and prime brokers to resolve queries and discrepancies • Prepare periodic client reports Reports to l Fund Accounting Team Leader / Supervisor Experience l Degree in Finance/Banking l Experience in Fund Accounting area l Fluency in English l Strong analytical skills l Very good knowledge of MS Excel Junior Specialist Min Max Min Max Warsaw Specialist Krakow 3,500 5,000 5,000 6,500 3,200 4,000 4,000 5,000 Fund Accounting Team Leader/Supervisor Responsibilities l Ensure standard policies and procedures are followed by the team l Calculate and disseminate the net asset value of clients’ portfolios l Review accuracy of cash transactions, benchmarks and financial data l Prepare periodic client reports l Monitor and analyse team performance l Conduct performance evaluations for team members Reports to l Fund Accounting Manager Experience l Degree in Finance/Banking l Minimum 3 years of experience in Fund Accounting area l Fluency in English l Excellent communication, presentation and analytical skills l Leadership skills, ability to motivate team members l Very good knowledge of MS Excel Fund Accounting Team Leader / Supervisor Min Max Warsaw Krakow 7,000 10,000 5,500 9,000
  • 14. 26 27 AML Analyst Responsibilities l Analyse alerts and investigate transactional activities to detect any suspicious operations (money laundering or terrorist financing activities) l Report unusual client activities l Perform Know Your Customer (KYC) analysis l Ensure standard policies are followed by other team members l Contact with local bank units Reports to l Senior AML Analyst l Team Leader Experience l Bachelor’s or Master’s degree l Fluency in English l Fluency in additional foreign language l Analytical skills - ability to work on data and perform researches l IT literacy (MS Office) Junior Specialist Min Max Min Max Warsaw Specialist Krakow 3,000 4,000 4,000 6,000 2,500 3,500 4,000 5,500 Financial Analyst Responsibilities l Prepare periodical reports – Profit & Loss, Balance Sheet l Participate in budgeting process, forecasting l Variance calculation and analysis l Reconciliation of financial data l Develop reporting tools Reports to l Team Leader l Process Manager l Financial Controller (Client) Experience l Degree in Finance/Accounting l Proven experience in Finance / Accounting / Financial Reporting l Very good knowledge of financial / accounting matters l Fluency in English l Excellent analytical skills l Very good knowledge of MS Excel Specialist Min Max Min Max Warsaw Senior Specialist Krakow 5,000 7,000 6,000 9,000 4,500 6,000 6,000 7,500
  • 15. 28 29 Product Controller Responsibilities l Calculate and report P&L on various financial instruments on a daily basis l Provide explanations on pricing details and P&L movements l Period end closing reconciliations l Engage in continuous improvement initiatives l Prepare regular and ad-hoc analyses Reports to l Team Leader Experience l Degree in Finance/Banking l Experience in Finance / Audit of financial institutions l Understanding of financial markets l Fluency in English l Excellent analytical skills l Very good knowledge of MS Excel Junior Specialist Min Max Min Max Warsaw Specialist Krakow 4,000 5,500 5,500 8,000 4,000 5,000 5,000 6,500 Operations/Customer Service Specialist Responsibilities l Provide day-to-day support (phone and email) to the clients (banks and business departments) l Investigate payments and interpret discrepancies l Key contact for issues resolution l Recognise risks and report them to the Team Leader l Build and maintain strong relations with clients/business units Reports to l Team Leader Experience l Bachelor’s or Master’s degree l 1 year of professional experience in service delivery l Fluency in English l Fluency in additional foreign language l Very good organisational and communication skills l Client orientation Specialist Min Max Warsaw Krakow 3,000 4,500 3,000 4,000
  • 16. Management This section contains data delivered by experts from Michael Page, which is also part of the PageGroup
  • 17. 32 33 Head of Shared Service Center Responsibilities l Responsible for SSC management and whole P&L of the unit l Coordinate continuous process improvements l Ensure highest quality of services l Ensure SLAs are met l Monitor effectiveness of the teams l Coach and develop mid management structure l Issue financial statements, budgeting l Ensure smooth tax and financial controls in cooperation with the external auditor Reports to l Head of Regional/Global Shared Services l CFO / Group CFO Experience l Master’s degree in Finance / Accounting l Professional qualifications (Chartered Accountants / CIMA / ACCA) l Minimum 8 years of management experience in finance area l Experience in process/project/change management l Fluency in English l Excellent leadership skills Head of Shared Service Center Min Max Warsaw Krakow Lodz 25,000 45,000 20,000 40,000 20,000 30,000 Finance Process Director* Responsibilities l Responsible for entire Finance process in SSC/BPO l Manage large operational teams of 50 – 500 through a team of Managers l Ensure all SLAs are met on a daily basis l Manage service improvements l Resolve critical issues and negotiate with internal clients l Support employee development; provide internal and external trainings; conduct yearly performance assessments etc. l Cooperate closely with other Process Managers, as well as IT and HR departments l Implement initiatives leading to cost effectiveness Reports to l Head of SSC Experience l Master’s degree in Banking / Finance / Economy l Experience on a similar position, with strong background in managing large teams l Fluency in English l Excellent leadership and communication skills l Proactive attitude in complex issues resolution l Very good knowledge of MS Excel *position found in large SSC only Finance Process Director Min Max Warsaw Krakow 30,000 35,000 25,000 30,000
  • 18. 34 35 Operations/Risk/Compliance Process Director* Responsibilities l Responsible for entire process in assigned area in SSC/BPO l Manage large operational teams through a team of Managers l Ensure all SLAs are met on a daily basis l Manage service improvements l Resolve critical issues and negotiate with internal clients l Support employee development; provide internal and external trainings; conducting yearly performance assessments etc. l Cooperate closely with other Process Managers, as well as IT and HR departments l Implement initiatives leading to cost effectiveness Reports to l Head of SSC Experience l Master’s degree in Banking / Finance / Economy l Experience on a similar position, with strong background in managing large teams l Fluency in English l Excellent leadership and communication skills l Proactive attitude in complex issues resolution l Very good knowledge of MS Excel *position found in large SSC only, specific to banking SSCs Operations//Risk/Compliance Process Director Min Max Warsaw Krakow 22,000 27,000 20,000 24,000 Operations/Risk/Compliance Process Manager Responsibilities l Responsible for entire process in assigned area in SSC/BPO l Ensure accurate and timely delivery of financial reports and analysis l Manage service improvements l Resolve critical issues and negotiate with the clients l Support employee development; provide internal and external trainings; conduct yearly performance assessments etc. l Closely cooperate with other Process Managers, as well as IT and HR departments l Implement initiatives leading to cost effectiveness Reports to l Operation/Risk/Compliance Process Director l Head of SSC Experience l Master’s degree in Finance / Accounting l Experience on a similar position, with strong accounting background and process management skills l Fluency in English l Excellent leadership and communication skills l Proactive attitude in complex issues resolution l ERP literacy l Very good knowledge of MS Excel Operationas/Risk/Compliance Process Manager Min Max Warsaw Krakow 10,000 18,000 9,000 15,000
  • 19. 36 37 Migration/Transition Manager Responsibilities l Plan and conduct migration of processes to SSC/BPO organisation l FTE and process analysis – in order to design the future structure of the teams and their responsibilities in SSC/BPO l Report on the advancement of the migration process and risks that occur l Ensure that the documentation of the process is well prepared and confirmed by the local units l Cooperate with IT, Accounting, Finance and HR departments Reports to l Head of SSC l Process Director (Operations, Finance – GL/AP/AR, Risk, Compliance) Experience l Master’s degree in Finance / Management l Experience in process/project/change management l Fluency in English l Excellent leadership and communication skills l Proactive attitude in complex issues resolution l IT systems literacy Migration/ Transition Manager Min Max Warsaw Krakow Lodz 11,000 26,000 11,000 18,000 7,000 15,000 GL/AP/AR Process Manager Responsibilities l Responsible for entire GL / AP / AR process in SSC/BPO l Ensure accurate and timely delivery of financial reports and analysis l Manage service improvements l Resolve critical issues and negotiate with the clients l Support employees development; provide internal and external trainings; conduct yearly performance assessments etc. l Cooperate closely with other Process Managers, as well as IT and HR departments l Implement initiatives leading to cost effectiveness Reports to l Process Director l Head of SSC Experience l Master’s degree in Finance / Accounting l Experience on a similar position, with strong accounting background and process management skills l Hands on experience in a related field (GL/AP/AR) l Fluency in English l Excellent leadership and communication skills l Proactive attitude in complex issues resolution l ERP literacy l Very good knowledge of MS Excel GL/AP/AR Process Manager Min Max Warsaw Krakow Lodz 12,000 24,000 9,000 18,000 9,000 15,000
  • 20. 38 39 Process Optimization Manager Responsibilities l Constant optimization of processes in BPO/SSC l Apply the Lean / Six Sigma / other internal methodologies to existing processes to ensure their constant improvement l Liaise with Process Managers / Directors and Migration Managers to improve operational excellence l Train staff in relevant optimization methodologies l Manage a team of Lean / Six Sigma Experts Reports to l Head of SSC l Process Director (Operations, Finance – GL/AP/AR, Risk, Compliance) Experience l Master’s degree in Finance / Management l Experience in process/project/change management l Six Sigma Black Belt / Master Black Belt certification preferred l Fluency in English l Excellent leadership and communication skills l Proactive attitude in complex issues resolution l IT systems literacy Process Optimization Manager Min Max Warsaw Krakow 12,000 24,000 10,000 20,000 Fund Accounting Manager Responsibilities l Manage service delivery of fund accounting operational team l Improve efficiency and effectiveness of fund accounting operations l Design and implement proper controls to ensure accurate and timely services to clients l Implement effective risk management and controlling procedures l Provide effective resolution of issues l Work with senior management to develop the vision and culture of the organisation l Conduct interviews and select high potential candidates l Manage periodical processes such as reporting, budgeting, compliance audits Reports to l Head of Fund Accounting / Group Manager Experience l Master’s degree in Finance / Accounting / Economics l Professional qualifications will be an asset l Minimum 5 years of Fund Accounting experience l Proven track record of leadership and management of large teams of people in international organisations – minimum 2 years l Fluency in English l Excellent client relationship management skills l ERP literacy l Very good knowledge of MS Excel Fund Accounting Manager Min Max Warsaw Krakow 11,000 18,000 10,000 17,000
  • 21. 40 Junior Specialist Min Max Min Max Min Max Warsaw Specialist Senior Specialist Specialist Krakow Lodz 3,0 4,5 4,0 6,0 5,5 7,0 2,5 3,5 3,5 4,5 4,5 5,5 2,2 3,0 2,8 4,0 3,5 4,5 Junior Specialist Min Max Min Max Min Max Specialist Senior Specialist Specialist 3,0 4,5 4,0 6,0 5,5 7,0 2,5 3,5 3,5 4,5 4,5 5,5 2,2 3,0 2,8 4,0 3,5 4,5 Junior Specialist Min Max Min Max Min Max Specialist Senior Specialist Specialist 4,0 5,5 5,0 7,5 7,0 12,0 3,0 4,0 4,0 5,5 5,0 6,8 2,5 3,5 3,5 5,0 4,5 6,0 Specialist Min Max Min Max Min Max Senior Specialist Specialist Specialist 5,0 7,5 7,0 10,0 5,0 7,5 4,0 5,5 5,5 6,5 4,0 6,5 3,5 5,0 4,5 6,0 4,0 5,5 Senior Specialist Min Max Min Max Min Max Specialist 7,0 10,0 6,5 10,0 7,0 12,0 6,0 8,5 5,0 9,0 5,5 10,0 5,5 7,0 5,0 10,0 5,0 10,0 Accounts Payable/ Procure to Pay Accounts Receiva- ble/Order to Cash General Ledger/ Record to Report Fixed Assets Treasury Specialist AP/AR Team Leader GL Team Leader Min Max Min Max Min Max Warsaw Specialist Senior Specialist Specialist Krakow Lodz 6,0 10,0 5,0 7,0 6,0 9,0 4,5 9,0 4,5 6,0 6,0 8,5 4,0 8,0 3,5 6,0 5,5 7,0 Specialist Min Max Min Max Min Max Senior Specialist Junior Specialist Specialist 5,0 7,0 6,0 9,0 2,5 4,5 5,0 6,0 6,0 7,5 2,5 3,5 3,5 6,0 5,5 7,0 2,2 3,0 Specialist Min Max Min Max Min Max Junior Specialist Specialist Specialist 3,5 5,5 3,5 5,0 5,0 6,5 3,0 4,5 3,2 4,0 4,0 5,0 3,0 4,5 x x x x Min Max Min Max Min Max Junior Specialist Specialist Specialist 7,0 10,0 3,0 4,0 4,0 6,0 5,5 9,0 2,5 3,5 4,0 5,5 x x x x x x Specialist Min Max Min Max 5,0 7,0 6,0 9,0 4,5 6,0 6,0 7,5 x x x x Internal Auditor / SOX Compliance Consolidation/ Reporting Specialist Fund Accountant Fund Accounting Team Leader/ Supervisor AML Analyst Financial Analyst Financial Analyst Customer Service with foreign languages Senior Specialist 41 Summary
  • 22. 43 Junior Specialist Min Max Min Max Min Max Warsaw Specialist Specialist Specialist Krakow Lodz 4,0 5,5 5,5 8,0 3,0 4,5 4,0 5,0 5,0 6,5 3,0 4,0 x x x x x x Min Max Min Max Min Max 25,0 45,0 30,0 35,0 22,0 27,0 20,0 40,0 25,0 30,0 20,0 24,0 20,0 30,0 x x x x Min Max Min Max Min Max 10,0 18,0 11,0 26,0 12,0 24,0 9,0 15,0 11,0 18,0 9,0 18,0 x x 7,0 15,0 9,0 15,0 Min Max Min Max 12,0 24,0 11,0 18,0 10,0 20,0 10,0 17,0 x x x x Product Controller Operations/ Customer Service Specialist Migration/Transition Manager 42 GL/AP/AR Process Manager Operations/Risk/ Compliance Process Director Operations/Risk/ Compliance Process Manager Head of Shared Service Center Finance Process Director Process Optimization Manager Fund Accounting Manager About Page Personnel Page Personnel is a leading recruitment agency specialised in permanent and tempo- rary recruitment. We are a part of the PageGroup, one of the world’s largest and most professional recruitment consultancies with 164 offices in 34 countries. The philosophy driving our progress has never wavered - to provide quality services to professionals that are second to none. Founded in 1994, Page Personnel has faced a strong development of its activities. Today, the brand operates in 20 countries: Argentina, Australia, Belgium, Brazil, China, France, Germany, Italy, Luxembourg, Mexico, Netherlands, Poland, Portugal, Russia, Switzerland, Singapore, Spain, Sweden, the United Kingdom and the United States. Page Personnel has been present in Poland since 2010. We specialise in the recruitment of staff from entry level/graduates to senior specialist positions in Shared Service Centers / Business Process Outsourcing, Finance & Accounting, Sales and Marketing. Executive Search Qualified Professional Clerical Professional Generalist Staffing
  • 23. 44 About Grant Thornton Grant Thornton is one of the fastest-growing audit and advisory companies in Poland, rendering professional services in five main areas: audit, tax advisory, consulting, law, accounting and payroll services. We are present in five locations: Poznan, Warsaw, Kato- wice, Krakow, Wroclaw offering support of more than 300 professionals. Grant Thornton was established in 1993. We have been an exclusive member of Grant Thornton International in Poland, one of the world’s leading organisations of independently owned and managed accounting and consulting firms since 2008. Knowledge and expe- rience of over 2,600 partners and 31,000 employees are available for clients in more than 110 countries. Grant Thornton International established an International Business Center for Central and Eastern Europe in Poland, responsible for coordinating international projects. At Grant Thornton, every client receives a personalized service, which means the personal advice and attention of partners from member firms wherever they are in the world. Not many international accountancy firms can claim this, even fewer deliver it. For last 20 years we have worked for the most demanding clients, including a growing number of international companies as they look for an independent company to handle their business advisory services in Poland. We have been rendering our services to over 1,000 companies, 32 of which are listed on the Warsaw Stock Exchange and to more than 50 firms out of the top 500 Polish enterprises. Grant Thornton is honoured to be Patron of Page Personnel Salary Survey.
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  • 25. Our office Page Personnel ul. Złota 59 00-120 Warszawa Złote Tarasy, Budynek Lumen Tel: +48 22 319 30 00 Fax: +48 22 319 30 55 contact@pagepersonnel.pl