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FINANCE & ACCOUNTING
Salary Survey 2009/2010Switzerland
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Michael Page Switzerland is pleased to present the
2009/2010 Salary Survey or Finance & Accounting
positions.
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QUOTIDIEN DE L'AGENCE CONOMIQUE ET FINANCIRE GENVE
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
1
INTRODUCTION 2
OVERVIEW OF THE SWISS MARKET 4
METHODOLOGY 5
1 SENIOR MANAGEMENT & EXECUTIVE POSITIONS 7
1.1 Chie Financial Ofcer (CFO)/Finance Director 8
1.2 Group Controller 10
2 CONTROLLING POSITIONS 13
2.1 Business/Financial Analyst 14
2.2 Manuacturing Controller 16
2.3 Financial Planning & Analysis (FP&A) 18 2.3.1 Budget Analyst 18
2.3.2 Forecast Planner 20
2.3.3 Reporting Analyst 22
2.4 Credit Controller/Manager 24
2.5 Audit 26 2.5.1 Head of Internal Audit & Compliance 26
2.5.2 Internal Auditor 28
2.5.3 External Auditor 30
3 ACCOUNTING POSITIONS 33
3.1 Chie Accountant/Accounting Manager 34
3.2 General Accountant 36
3.3 Fiduciary Accountat 38
3.4 VAT Accountant 40
3.5 Payable/Receivable Accountant 42
4 SPECIALIST POSITIONS 45
4.1 Mergers & Acquisitions (M&A)/Business Development 46
4.2 Consolidation 48
4.3 Treasury 504.3.1 Treasurer 50
4.3.2 Treasury Accountant 52
4.4 Tax Specialist (Direct/Indirect & Transer Pricing) 54
4.5 Sarbanes-Oxley (SOX) Specialist 56
TABLE OF CONTENTS
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
3
Inormaion echnology
Healhcare & Lie Sciences
Engineering
ax & Legal
Inerim Managemen
Human Ressources
Recruiing rom oices in Basel, Geneva, Lausanne and Zurich or Swizerland, Page Personnel is par o he MichaelPage Inernaional Group. he brand operaes in 11 counries worldwide o recr ui junior and experienced c andidaes oremporary and permanen posiions. Page Personnel is able o provide a specialis service o all companies wheher i isor a lised corporaion or a small-o-medium enerprise.
Our Finance and Accounting Expertise
Michael Page Finance - Michael Page Finance & Accouning in some counries - has been in exisence since he Group was rsesablished in 1976 in he UK and comprised is rs secor o aciviy. For his reason, Michael Page Finance is presen in all 28counries. Te long-erm survival o our mehods, he diversiy o our locaions and he ever changing needs o our cliens haveenabled us o develop all-round skills and o adap our accouning and nance recruimen services ac cordingly.
Wheher i enails he urnkey composiion o an accouning and nance eam (e.g. in he even o a relocaion), he creaion oshared services, or he managemen o pan-European or inernaional assignmens o recrui accouning or nance execuives inlarge numbers, we seek ou he recruimen soluion ailored o each specic need and o each specic environmen. Specialisedin he recruimen o Middle, Senior & Execuive Managemen level proessionals or accouning and nance uncions in allsecors, Michael Page Finance is recognised as a leader in recruimen everywhere we operae.
Michael Page International is a specialised recruitment company and currently represents:
Over 32 years o experience in specialised recruimen in a wide variey o proessional elds, business secors and geographicregions
A long-sanding relaionship wih he worlds leading companies as well as parnerships in inernaional recruimen projecs
A group ha has grown organically and c urrenly employs approximaely 5 people in he world
A worldwide nework o 163 oces in 28 dieren counries suppored by he laes recruimen soware
rainee programs and evaluaion mehods which guaranee op-ier qualiy or our cliens
Uilising an eecive mehod is an essenial acor in he success o any recruimen mission. By using mehods ha have beenhoroughly esed in he ield, Michael Page Inernaional can provide is cliens wih soluions ailored o each individualsiuaion. he key o is success lies in he abiliy o measure and manage dieren asks and adap each working ool o hespeciiciy o each assignmen.
Our eeciveness can be gauged by our cliens loyaly and by he ever-growing number o candidaes who enrus us wihheir careers. In eec, Michael Page Inernaional managed o presen a gross proi growh o 16% or 28. he candidaeshorage in Swizerland shows he necessiy o having an inernaional nework, as Michael Page Inernaional does. his hasallowed Michael Page Swizerland o arac a signiican number o qualiied candidaes rom abroad.
Michael Page Inernaional employs consulans in he ollowing counries: Argenina, Ausralia, Ausria, Belgium, Brazil,Canada, China, Dubai, France, Germany, Ireland, Ialy, Japan, Luxembourg, Mexico, he Neherlands, New Zealand, Poland,Porugal, Russia, Singapore, Souh Arica, Spain, Sweden, Swizerland, urkey, he UK and he US.
As all Michael Page consultants have previous proessional experience within the sectors or
which they recruit, Michael Page guarantees:
A ailor-made service
Comprehensive knowledge o he specic secor and marke o our cliens and candidaes
In-deph undersanding o each posiions demands on boh he echnical and human levels
Genuine comprehension o our parners culures and specic requiremens
Michael Page Switzerland
Michael Page Swizerland was ounded in January 21 and currenly has oces in boh Geneva and Zurich. Michael Page recruisproessionals hroughou Swizerland, carrying ou assignmens in he French, German, and Ialian-speaking regions o he counry.Trough he ollowing 1 divisions, we are able o provide specialised recruimen services or a broad specrum o disciplines:
Finance & Accouning
Banking & Financial Services
Sales & Markeing
Procuremen & Supply Chain
INTRODUCTION
SouthAfrica
Australia
Singapore
China
NewZealand
Japan
Brazil
Mexico
Canada
USA
Argentina
Russia
UAEDubai
Turkey
Michael Page Worldwide
Sweden
Portugal
Spain
France
Belgium
Luxembourg
Poland
Austria
Italy
UK
Ireland
The Netherlands
Germany
Switzerland
Michael Page Arica operaes ou o Paris or posiions in every Ari can counry, excep Souh Arica.Michael Page Easern Europe operaes ou o Munich or posiions in Easern Europe, excep Poland and Russia.Michael Page Lain America operaes ou o Sao Paulo or posiions in Colombia, Peru, Cosa Rica and Venezuela.
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
5
Te ollowing survey deals wih one o he main recruimen specialiies o Michael Page Inernaional in Swizerland. Te inormaionpresened in his documen is based on our ongoing surveys o candidaes and cliens, which include mulinaional corporaions as wellas small- and medium-sized companies hroughou he counry. In he European Union and Swizerland, we dene a small-o- mediumenerprise (SME) as having less han 25 employees. Furher qualiaive inormaion has been supplied by consulans in our ocesin Swizerland.
Our research was carr ied ou by means o a posal quesionnaire and/or elephone inerview. We asked CFOs and HR direcors orheir eedback on he salary level or each posiion. Respondens were asked o give he minimum, maximum and average salariesor each qualicaion level. Te inormaion obained was supplemened by oher marke inormaion, including salary daa romour own inernal daabase. In addiion, a sur vey o a leas 2 candidaes was conduced or each posiion.
One cavea concerning his salary guide: muliple acors dicae he acual salary paid. Tese include elemens such as companysize, business secor, he naure o he posiion, he number o years in he company, meri paymens, sa responsibiliy andgeographical locaion. Addiionally, due o saisical limiaions o his survey, cerain salaries may all ouside he designaedrange.
In Swizerland, mos salaries are comprised o boh xed and variable elemens. In his survey, all salaries exclude he variableelemen commonly reerred o as a bonus. However, we have observed a usual bonus, on op o he base salary, ranging romapproximaely 1% o 5%, depending on he company. Addiionally, depending on he level o he posiion, and paricularly inhe case o managerial posiions, oher bonuses can be considered and are negoiaed or he conrac signaure. Tese includehealh insurance coss, accommodaion ees, company car, mobile phone, sock opions and relocaion expenses. Tese bonusesaken ogeher can consiue a signican package.
METHODOLOGY
1 www.seco.admin.ch
Despie is small size and he lack o raw maerials, Swizerland is an imporan indusrial naion and supplier o nancial services.Tere is a preponderance o medium-sized and small companies.
In addiion, here are also many large inernaional organisaions. Te service secor is highly developed. Swizerland boass apowerul nancial and indusrial secor; Swiss banks and insurance companies oer heir services all over he world.
he inancial secor represens abou 15% o he Gross Domesic Produc (GDP) and abou 5.5% o oal employmen inSwizerland. Swizerland is so irmly inegraed in inernaional rade ha oday every second Swiss Frank is earned abroad.
Over he pas ew years, Swizerland showed a consisenly low unemploymen rae averaging around 2.8% compared o 7.9%in France and 9% in Germany. However, he Swiss Sae Secrearia or Economic Aairs (seco) orecass a slow-down o-.8% in economic aciviy or 29 and a moderae recovery o +1% or 21. As a consequence o he ensuing recession heunemploymen rae is expeced o increase o up o 3.3%1. Despie he diicul economic environmen a he momen, hemedium o long erm prospecs are avourable, and he marke or inance proessionals remains sable in Swizerland.
Regional dierences
Regional dierences are considerable in Swizerland. In ac, he German-speaking region o he counry can be analysed ina dieren manner rom he French or Ialian-speaking regions.
Te unemploymen rae is he lowes in he German-speaking region o Swizerland, which includes he canon o Zurich, hepowerhouse o he Swiss economy. In he French- and Ialian-speaking canons he average unemploymen rae is almos wice ashigh as in he German-speaking region.
Salaries also dier according o region. For example, salaries in Zurich are known o be beween 5 and 1 % higher han inGeneva. In addiion, i is imporan o noe ha salaries can also dier wihin he regions hemselves. Naurally, salaries endo be lower in rural areas as opposed o he urbanised areas o Geneva and Zurich. In he case o inernaional companies heseregional dierences are less pronounced: dierences in salary end o be secor driven.
OVERVIEW OF THE SWISS MARKET
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1. SENIOR MANAGEMENT &EXECUTIVE POSITIONS
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
9
1.1 Chie Financial Ofcer (CFO)/Finance Director
Te CFO or Finance Direcor plays a key sraegic and operaional role as par o he execuive managemen eam. Tis role has evolvedconsiderably over recen years. Originally he CFO/Finance Direcor was purely a nancial advisor o General Managemen.
Presenly, i is a more poliical posiion wih involvemen in power games opposing board managemen and shareholders. Tis new role ismore exposed and sraegic.Tus, he CFO/Finance Direcor is heavily involved in making sraegic decisions or he company, including budgeing, orecasing, mergers& acquisiions, and sraegic growh planning. He/She is responsible or nancial inormaion a business uni and group levels.
As or he Finance Direcor posiion, he/she can be responsible or he nance deparmen o an SME (ewer han 25 employees)or Direcor or a subsidiary/eniy and as such ake on he role o a CFO or smaller companies.
He/She is globally responsible or he managemen o a ll nance and accouning uncions, rom he monhly closing o he a nnualbudge.
The main tasks are:
Shape, develop and mainain a nancial sraegy
Direc he areas o accouning, consolidaion, accouns payable/receivable, cash managemen, planning & reporing, ax , raud& collecion issues
Work wih he conrollers o improve nancial conrols
Provide nancial evaluaion o poenial mergers/acquisiions; and inerace requenly and eecively wih oher deparmenheads o coordinae, and prioriise planning
Mainain srong relaionships wih banks, audiors, and a x auhoriies
Lead, develop and manage he sa, including: hiring, coaching, and leading a srong nance divis ion
Reports to:
Managing DirecorPresidenChie Execuive Ocer
Te CFO/Finance Direcor ypically repors o he Chie Execuive Ocer, and is requenly a member o he board o direcors.
Profle:
Tis posiion is open o candidaes wih a minimum o 8 years o experience in a senior nancial posiion wih several years oexperience in a managemen role. Te person has srong leadership skills and proven success in building a srong eam. He/Shehas also proven success acing in a senior advisory role o he managing direcor and he managemen eam.
Required or his role are excellen communicaion/infuencing skills and he abiliy o work well wih colleagues/ohers deparmens.
1. SENIOR MANAGEMENT & EXECUTIVE POSITIONS
Prospective career path:
In recen years, he role has expanded o encompass communicaing inancial perormance and orecass o he analyscommuniy. In Swizerland, large mulinaional companies require a charered accouning qualicaion or a CFO posiion.Te CFO may also have o oversee he implemenaion o, and ongoing compliance wih, he Sarbanes Oxley Ac or U.S. lisedcompanies.Te CFO/Finance Direcor posiion is he highes nancial posiion. Te precise role can vary depending on he size o hecompany. Te greaer he candidaes experience, he higher he salary he/she can demand. Te CFO role can lead o a CEO orCounry Manager posiion.
Salary indication (in CHF):
As aore menioned, he salaries are compued wihou bonus. For CFO posiions, hese bonuses can go rom 1% o 1%.*Small-o-medium enerprise, less han 25 employees.
7-15 years
160,000
280,000
199,000
200,000
315,000
230,000
Experience
minimum
minimum
maximum
maximum
> 15 years
SalarySalary
200,000
325,000
242,000
450,000
average
average
300,000
345,000
GROUP / MULTINATIONAL
SME*
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
11
1.2 Group Controller
Te posiion o Group Conroller can imply wo possible roles: Head o Inernaional/Regional Conrolling and Head o Conrollingin is local dimension.
An inernaional Financial Conroller is responsible or he managemen o he enire nancial conrol uncion across he regionor a he worldwide level.
The main tasks are:
Presen nancial analysis o he general pro and loss a he inernaional/regional level in order o monior gross pro andkey nancial perormance gures
Provide high-qualiy, ocused nancial inormaion o business leaders in order o suppor he proable developmen o heregion. Te aim is o allow proacive/reliable business decision-making
Manage an eecive budgeing and orecasing process
Monior ax and reasury managemen
Moivae, manage and lead he naional conrolling manager and he accouning/adminisraion managers
Manage ongoing developmen o nancial sysems, including he implemenaion o nancial soware (SAP, Hyperion, ec.)
Develop and implemen conrolling ools
Negoiae wih inernaional business parners and banks
Reports to:
Finance DirecorManaging Direcor
Profle:
For his posiion, he successul candidae is usually a qualied nance proessional wih a minimum o 8 o 1 years o cumulaedexperience in conrolling, reporing and accouning.
He/She has a solid rack record o success in a mulinaional company and experience in working wihin his/her geographical regionor a similar region a he inernaional level.
An inernaional conroller has exensive experience in dealing wih culural diversiy. Addiionally, he/she has o demonsraesrong managemen skills, w ih enrepreneurial hinking, and be resul-oriened. Te inernaional role requenly involves exensiveravel (up o 6%).
Prospective career path:
ypically a Head o Conrolling posiion can lead o a CFO/Finance Direcor posiion. Te role o Group Conroller is expandingo become even more business ocused. He/She will be required o be much more involved in pricing , orecasing and decisionmaking wih senior managemen. Te Head o Conrolling posiion can lead o a CFO/Financial Direcor role.
Salary indication (in CHF):
1. SENIOR MANAGEMENT & EXECUTIVE POSITIONS
5-10 years
115,000
166,000
139,000
153,000
208,000
181,000
Experience
minimum
minimum
maximum
maximum
> 10 years
SalarySalary
139,000
182,000
161,000
>250,000
average
average
168,000
199,000
GROUP / MULTINATIONAL
SME
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2. CONTROLLINGPOSITIONS
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
2.1 Business/Financial Analyst
Te Business Analys ocuses on marke analysis whereas he Financial Analys ocuses on nancial reporing.
The main tasks are:
Help develop marke sraegy and provide analyical suppor o enable ac-based decision-making
Develop and evaluae core produc developmen opions
Develop prooype repors or new business maters and suppor he eecive implemenaion o business iniiaives
Assis and suppor Counry Finance Managers in he areas o nancial planning and business analysi s
Paricipae in ad hoc projecs
Appraise and commen on he ull-year orecas
Analyse monhly perormance o he business or senior managemen
Appraise capial and real esae
Monior socio-poliical and economic siuaions as well as analyse compeior aciviy
Liaise wih counry conrollers and cross-uncional groups
Reports to:
Finance ManagerFinancial ConrollerBusiness Uni Manager
Profle:
Te ideal candidae should have 1 o 2 years o experience. He/She is a Universiy graduae wih a srong academic record ineconomics, nance, engineering or sciences. Graduaes o HEC or HEG are especially avoured. Business/Financial Analyssmus demonsrae srong analyical skills relaed o heir chosen secor.
Tey mus also have a good commercial sense and he abiliy o communicae clearly wih senior managemen and non-nancepersonnel. Sel-moivaion, pro-aciveness and excellen organisaional skills are a prerequisie.
Prospective career path:
Aer 5 or 6 years o experience, here is he opporuniy o become a Senior Financial Analys. Tis is a key posiion wihin a companyand provides good raining in coordinaing operaions.
An open-minded candidae wih excellen academic qualicaions and srong communicaion skills could aspire o become anInernaional Conroller.
2. CONTROLLING POSITIONS15
Salary indication (in CHF):
< 5 years
90,000
110,000
95,000
100,000
130,000
110,000
Experience
minimum
minimum
maximum
maximum
5-10 years > 10 years
SalarySalary Salary
108,000 135,000
142,000 160,000
126,000 135,000
170,000
average
average
115,000
140,000
145,000
>180,000
156,000
GROUP / MULTINATIONAL
SME
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
2.2 Manuacturing Controller
Te Manuacuring Conroller has a nancial uncion wihin producion unis/acories. He/She is responsible or one or severalmanuacuring sies and mus mainain an eecive inernal conrol srucure ensuring compliance wih he companys accouningpolicies. Te Manuacuring Conroller produces indicaors or he Financial Direcor providing a view o he economic siuaiono he uni/acory.
The main tasks are:
General accouning, sandard nancial saemens and budges, cos/price analyses, a nd aciviy-based cosing or a sie
Financial sraegies o improve long-erm proabiliy; monhly and nancial plans and orecass, manuacuring projecion andasse managemen plans
Produc pricing, alernaive scenarios developmen, purchasing, reporing and charing o nancial daa, cash managemen andreasury aciviies
Compliance wih company policy or he exisence, accurac y, and compleeness o invenory balances via physical vericaion
Purchasing and manuacuring operaions suppor in reviewing and approving conrac language or consignmen arrangemens oensure proper accouning reamen
Purchasing and manuacuring operaions suppor in reviewing and approving conrac language or volume and pricecommimens and ensuring proper accouning
Reports to:
Financial and Adminisraive ManagerPlan/Business Uni ManagerHead o Conrolling
Profle:
Junior proles in his posiion can be in demand wihin large corporaions and companies wih a developed conrolling srucure.
In Swizerland, junior proles may access his proession in he ollowing ways:
Wih a Breve Fdral en Finance & Compabili/Eidg. Fachausweis im Finanz- und Rechnungswesen, or a Breve Fdral dAgen
Fiduciaire/Eidg. dipl. reuhnder or equivalen and a leas 5 years o experience
Wih a Business or Finance degree (HEG, HEC or equivalen) and 2 years o experience in an accouning posiion
In some cases, an Engineering academic background coupled wih a Business degree is a denie plus
Mos companies require experienced generalis candidaes (audi, accouning) who wish o work in a more operaional andauonomous posiion. A rs experience in an Audi Accouning company is an asse.
For experienced candidaes, specic accouning degrees like CPA or CIMA are oen a plus bu are no a requiremen. Te Swiss degreeDiplme Fdral dExper en Finance e Conrolling/Eidg. dipl. Expere in Rechnungslegung und Conrolling is also recognised.he manuacuring conroller mus have experience in cos accouning, general manuacuring or disribuion operaionaccouning. Oher prerequisies include excellen leadership, communicaion and inerpersonal skills.
17
Prospective career path:
Saisacory career advancemen possibiliies require ha candidaes be a leas bilingual. Wih a minimum o 8 years experience inmanuacuring conrolling, a candidae can become a nancial and adminisraion manager, play a role in he sraegic decision-makingprocess, provide liaison beween he holding company and inernaional subsidiaries, or manage a nancial eam.
In some cases, a Manuacuring Conroller may become a ree-lance consulan and oer audi/nancial/risk managemen.
Tis posiion is an excellen means or younger candidaes o acquire experience in he eld and prepare heir uure proessionaladvancemen. However, he lack o a specic degree relaed o his uncion, he operaional and echnical aspecs, along wihexensive ravel, oen make his posiion less atracive. Tere is oen a shorage o candidaes or his posiion.
As his role has a srong analyical dimension wih a global overview o he business, companies require candidae proles wihexcellen echnical knowledge and an abiliy o see he overall picure as well as good inerpersonal skills.
Salary indication (in CHF):
< 5 years
90,000
110,000
>100,000
100,000
120,000
110,000
Experience
minimum
minimum
maximum
maximum
5-10 years > 10 years
SalarySalary Salary
100,000 115,000
140,000 150,000
120,000 130,000
150,000
average
average
120,000
135,000
125,000
175,000
150,000
SME
GROUP / MULTINATIONAL
2. CONTROLLING POSITIONS
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
5-10 years
100,000
135,000
125,000
115,000
160,000
145,000
Experience
minimum
minimum
maximum
maximum
> 10 years (ManagerFP&A)
SalarySalary
130,000
170,000
150,000
300,000
average
average
150,000
190,000
GROUP / MULTINATIONAL
SME
2.3 Financial Planning & Analysis (FP&A)
2.3.1 Budget Analyst
Te Budge Analys evaluaes how o ecienly disribue limied nancia l resources. He/She plays a primary role in developmenanalysis and budge implemenaion whose purpose is o allocae c urren resources and esimae uure nancial requiremens.
The main tasks are:
Creae, develop and manage all aspecs o he inernal budge, including cos and nancial projecion uncions
Prepare he annual budge and orecasing process. Suppor and produce high qualiy managemen repors
Analyse period resuls agains orecas, provide explanaions o signican variances o VPs/Direcors
Work closely wih budge holders o undersand operaional issues and suppor heir use o sysems or nancial planning and conrol
Underake ad hoc projecs
Perorm measuremen
Prioriise group-wide invesmens
Reports to:
FP&A ManagerHead o ConrollingFinance Direcor
Profle:
Budge Analyss have many responsibiliies, bu heir primary asks are providing advice and echnical assisance in he preparaiono annual budges. He/She has o prepare, consolidae and disribue budge and relaed repors or deparmens and divisionshroughou he organisaion. He/She analyses operaing resuls, develops repors and provides recommendaions o managemen.He/She mus demonsrae srong analyical and communicaion skills in order o infuence decision-making. For junior proles, 2o 4 years o commercial nance experience wih an MBA or Accouning qualicaion in progress is generally required.
Prospective career path:
Tis posiion is an excellen saring poin or a candidae ineresed in a corporae nance career. Currenly, his posiion is subjeco increasing recruimen demand. Wihin large companies, incumbens may advance o become a Budge and Planning Analysand/or FP&A Manager whose role is o manage he organisaions budge process, including preparaion.Consolidaion and disribuion o budges and relaed repors can also be par o he uncion.
Te Budge Analys is involved in developing adminisraive budgeary policies and procedures as well as in providingrecommendaions or managemen.
19
Salary indication (in CHF):
2. CONTROLLING POSITIONS
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is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
2.3.2 Forecast PlannerTe Forecas Planners primary objecive is o aec proable business sraegy and increase shareholder value by designing andleading eecive nancial planning processes and by providing imely insigh ino risk and opporuniy, wih respec o uureearnings and cash fow. Te work includes orecasing, budgeing, and long-range planning.
The main tasks are:
Drive coninual evaluaion o monhly operaing review package o suppor execuive leadership, operaions managemen andnancial conrollership. Operaing he review package will include monhly close, esimae and marke daa as well as sraegic,operaional and nancial merics
Prepare monhly nancial repors
Direc he monhly orecasing processes o improve synergy and ec iency o producion, reducing cycle ime o increaseorecas relevance. Lead developmen o a monhly orecas scorecard o improve orecas accuracy
Trough eecive business parnerships and FP eam managemen, mainain pulse on business perormance issues andopporuniies across he organisaion o keep corporae nance leadership aware o risk and opporuniy o quarerlyorecas/guidance atainmen a any poin in ime
Drive and lead he annual planning process rom developmen o arges o plan consolidaion
Manage he roll-ou o new European and/or worldwide ools or reporing, orecasing and planning in Europe
Prepare ad hoc execuive documens/repors
Design robus planning, budgeing and orecasing processes and echniques o undersand and evaluae business perormance
Manage he budgeing and orecasing process providing monhly and quarerly repors
Ensure he bes use o an organisaions resources by dening and planning he organisaions sraegic and long-erm goals
Plan and direc business analysis, risk modelling, and loss prevenion programs
Direc compilaion o daa based on saisical sudies and analysis o pas and curren years o prepare budges and o jusiyunds requesed
Formulae, monior and presen budges or conrolling unds o implemen program objecives o public and privae organisaions
Review operaing budges periodically o analyse rends a ecing budge needs
Reports to:
FP&A ManagerHead o ConrollingFinance Direcor
21
*In SME, he Financial Analys is usually in charge o orecasing and planning he budge.
Profle:
Wih excepional analyical and creaive problem solving skills; he Forecas Planner is a soluion-oriened individual wih apassion or daa inegriy and process improvemen. Commercially minded and engaged in he business, he/she is a proacive business parner.
Te Forecas Planner will be an agen o posiive change and drive nance ransormaion hrough coninual improvemens inorecasing and planning processes.
Prospective career path:
A Forecas Planner can progress ino posiions such as FP&A Manager, Business Conroller, Finance Manager.
Salary indication (in CHF):
2. CONTROLLING POSITIONS
Forecast Planner5-10 years
Forecast PlannerManager >10 years
100,000
135,000
125,000
110,000
170,000
125,000
Experience
minimum
minimum
maximum
maximum
SalarySalary
130,000
170,000
150,000
200,000
average
average
135,000
160,000
GROUP / MULTINATIONAL
SME*
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
2.3.3 Reporting Analyst
Te ask o reporing is usually ound wihin mulinaional companies. he Reporing Analys is in charge o cenralising allinancial inormaion (rom he subsidiaries, especially when managing he reporing) in order o esablish a relevan reporo he group headquarers.
The main tasks are:
Work closely wih he rms analyss in ideniying and evaluaing accouning and nancial reporing maters and heirimplicaions on issuers balance shees, income saemens, liquidiy and ca sh fows
Discern maters o nancial analysis signicance ha are disclosed in he noes o he nancial saemens and/or SEC lings(e.g. revenue & expense recogniion, o-balance shee risks, derivaives, operaing cash-fow reporing and adequacy odisclosures)
Produce overall monhly reporing as well as ad hoc reporing as requesed
Develop qualiy accouning-relaed commenaries and give raining sessions o analyss (reporing manager ask) onaccouning-relaed opics, work closely o ollow he aciviies o accouning sandard-seters in order o keep analyssinormed o emerging nancial reporing maters and conribue o he developmen o he rms analyical models
Reports to:
Finance Manager/DirecorHead o ConrollingHead o AccouningFP&A Manager
Profle:
A Reporing Analys mus eecively undersand and evaluae economic ransacion and heir relaed inancial consequencesand accouning inerpreaion. Srong accouning/inancial reporing background, abiliy o eecively bridge accouning/inancial reporing issues and he relaed economic, inancial and credi risk aribues are required.
Candidae should have general knowledge o credi analysis or he applicaion o accouning analysis in he conex o credi orequiy analysis. For US companies, knowledge o US GAAP is essenial. Addiionally, general inernaional norms such as IFRS/IAS are oen required. A general knowledge o ax maters, along wih regulaory securiies law is a plus.
Prospective career path:
Te Reporing Analys/Manager will ensure successul adminisraion o nancial reporing sysems in he regional oces. Tis isan excellen saring poin or a candidae ineresed in a corporae nance role a nd in learning how a company operaes.
I a candidae has a solid academic background along wih echnical knowledge, he/she may ake on urher responsibiliies,including echnical consolidaion. Operaional conrolling is also a career advancemen possibiliy.
23
*Te uncion o Reporing Manager is usually ound wihin mulinaional companies. In SME, he reporing specialis may reporo he nance manager or direcor.N.A.: No Applicable
Salary indication (in CHF):
2. CONTROLLING POSITIONS
Reporting3-8 years
Reporting Manager> 8 years
95,000
140,000
115,000
105,000
160,000
130,000
Experience
minimum
minimum
maximum
maximum
SalarySalary
N.A.*
N.A.
N.A.
225,000
average
average
125,000
150,000
GROUP / MULTINATIONAL
SME*
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
2.4 Credit Controller/Manager
Te Credi Conroller/Manager is responsible or he credi deparmen and proecs he company agains credi risk.
The main tasks or the Credit Controller are:
Ensure ha he credi porolio under his/her care is consisenly managed in accordance wih he banks global credi sandardsand policy
Acively inves and dives credi porolio unds, based on in-house views o credi qualiy depreciaion or appreciaion
Have srong communicaion skills and he abiliy o work well wih various ransac ion players, such as corporae bankers,produc specialiss/credi risk managers and paricularly cliens and syndicae banks
Review and prepare credi proposals, make recommendaions or credi approval, deermine credi r isk or cusomers, as well asnegoiae wih cusomers on overdue accouns and resolve AR recovery problems
The main tasks or the Credit Manager are:
Focus on he review and analysis o cusomer credi worhiness; develop and implemen collecion sraegies
Focus on he review o debor aging repors
Be responsible or risk managemen and repor generaion on sales perormance or business evaluaion and review
Dene and ollow he DSO (Days Sales Ousanding)
Reporing o he Finance Direcor, he Credi Manager has a hands-on role wih responsibiliy or draing and implemeningcredi policies.
Reports to:
Finance DirecorGroup reasurer
Profle:
Ideally a Credi Conroller/Manager has a degree in Business/Accouning/Commerce wih a leas 4 years o relevan experience.Credi Managers have a horough grasp o credi managemen principles (adminisraion, legal, developmen, collecion andreporing) and know how o apply hem o he needs o he business. Te ideal candidae is analyical and independen.
Prospective career path:
Tis is ypically a specialised uncion where proessional advancemen is limied. Aer 2 o 3 years in his posiion, he CrediManager mus refec on his/her proessional uure and explore opporuniies o diversiy and advance.
Tis process can be dicul bu is necessary and may allow him/her o advance ino posiions such as conrolling. He/She mushave good communicaion and inerpersonal skills, which may also open he door o sales-oriened posiions.
25
Salary indication (in CHF):
< 5 years
90,000
110,000
100,000
120,000
110,000
Experience
minimum
minimum
maximum
maximum
5-10 years > 10 years
SalarySalary Salary
100,000 110,000
125,000 155,000
135,000
average
110,000
118,000
135,000
200,000
158000
SME
GROUP / MULTINATIONAL
2. CONTROLLING POSITIONS
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
2.5 Audit
2.5.1 Head of Internal Audit & Compliance
Te Head o Inernal Audi is responsible or all inernal audi uncions, providing independen, objecive assurance and consulingservices designed o add value and improve company operaions. Tis posiion principally concerns large companies.
The main tasks are:
Develop a long-erm audi sraegy
Analyse and assess he ri sk assumed by he business (marke, credi, operaional, legal and compliance)
Ideniy key risks wihin a variey o sraegic business and ransacion processes
Examine and repor on he eeciveness o risk managemen wihin he company; provide criical advice and monioring,mainly wih respec o key inernal conrol and relaed signican operaing risk exposure
Advise he company on bes pracice developmens in inernal audi and risk managemen; ideniy a nd publicise he besinernal pracices
Recrui, rain and coach he inernal audi eam
Coordinae relaionships wih inernal audiors
Paricipae in company growh (due diligence audis, ec...)
Reports to:
PresidenGeneral DirecorFinancial DirecorAdminisraion Board
Very oen, deermining who he Head o Inernal Audi will repor o is a crucial decision wihin he company. o guaraneeindependence, he Head o Inernal Audi usually repors o general managemen.
Profle:
Mos companies seek proles o accounans wih Big 4 audi experience, or wih a solid accouning background, and ideally wih aceried inernal audior designaion. Recruiing audi sa wih srong Inormaion echnology skills is quie common, especiallywhen hey have a Ceried Inormaion Sysems Audior designaion. Proessional designaions such as Ceried Inernal Audior(CIA) or Ceried Inormaion Sysems Audior (CISA) are oen appreciaed by inernaional companies.Experience in handling inernal conrols and he Sarbanes Oxley Ac compliance may also be quie useul or US companies.
Generally he candidae is a qualiied accounan wih a minimum o 6 years inernal audi experience, ogeher wih anin-deph undersanding o he audi proession and a solid experience in managemen (5 years minimum). He/She has odemonsrae iniiaive, drive and excellen communicaion skills. Above all, he/she mus have a high level o personal andproessional ehics. In mulinaional companies, he Head o Inernal Audi is required o ravel o visi subsidiaries, hus fexibiliyis required.
27
*Inernal Audi is no commonly implemened in small organisaions relaive o is high cos.
Prospective career path:
Since 23, we have observed a solid demand or his posiion. Tis rend is explained by he creaion o Shared Services Cenresand, in urn he increasing desire o companies o cenralise suppor uncions.
Te Head o Inernal Audi mus ensure he inegriy o inormaion and have a high ehical sense in order o deal wih poenialrauds. Te Head o Inernal Audi is a key posiion in he company.
Wih a solid background in nance or accouning, he Head o Inernal Audi could be considered or a Financial Direcor Posiion.
Salary indication (in CHF):
2. CONTROLLING POSITIONS
5-10 years
N.A.
N.A.
N.A.
120,000
219,000
170,000
Experience
minimum
minimum
maximum
maximum
> 10 years
SalarySalary
N.A.
N.A.
N.A.
240,000
average
average
160,000
209,000
GROUP / MULTINATIONAL
SME*
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
2.5.2 Internal Auditor
Large organisaions may employ Inernal Audiors. An Inernal Audior is responsible or a series o projecs o check sandardsand inernal conrols. An Inernal Audior mus deermine he eeciveness o accouning procedures.
He/She assesses he reliabiliy o accouning/nancial records and oher operaions or conrols. Tis posiion involves a specialisedapplicaion o audiing echniques.
Te Inernal Audior deermines and addresses any poenial issues prior o an exernal audi and generally improves eciency wihinhe company. Te work is varied, projec-based and high-prole, wih he audi repor and recommendaions being presened o heRegional Managemen, he Main Board and he Audi Commitee.
The main tasks are:
Tree main ypes o audi missions can be disinguished:
Financial audi: repors o inancial saus (provision, socks, depreciaion); accouning analysis rom local norms ogroup norms; ensuring he relevancy o managemen indicaors, perormance validaion, accounancy assisance osubsidiaries or closings; assising in he developmen o he corporae risk map, dening conrol soluions, and managing hereview process o evaluae he companys eciency, eeciveness and compliance wih corporae policies and procedures
Operaional audi: review o company cycles (purchasing, producion, sales); analysis relaive o HR managemen, legaldeparmen and inormaion sysems; bes pracice shari ng
Special audi missions: paricipaion in M&A missions (due diligence ec...)
A mission involves 3 or 4 seps:
Collecion o inormaion relaed o he audied subjec. A risk-based approach is mos prevalen
Inervenion in he eld
Repor (summary o observaions, recommendaions, acion plans)
Follow-up on he implemenaion o acion plans
Reports to:
Inernal Audi Direcor
Financial and Adminisraive ManagerManaging Direcor
Profle:
Tis posiion is generally accessible o young proessionals wih 2 o 5 years audi ex perience in a Big 4. Te inernal audi posiionis a demanding one and requires a srong commimen rom he candidae.
Exensive ravel may be required in larger companies. As many inernaional rms have chosen Swizerland as heir European head-quarers, his uncion oen enails inernaional ravel (5% o 8%) as a member o a eam o audiors.
Tis aspec o he uncion can be culurally challenging and also highly sociable.
29
Prospective career path:
Te Inernal Audi uncion has aken on a much higher prole wih he recen emphasis on corporae governance and hecorporae conrols environmen. Candidaes will have a magnied view o he company and is global operaions. Tis posiionis unique in ha i spans he divide beween he sraegic vision o he corporae head oce and he realiies o he operaingcompanies.
Mos deparmens ocus on operaional and conrol reviews raher han on he purely nancial reviews ha mos candidaes willhave experienced during heir proessional raining. Candidaes will usually spend beween 18 monhs and 3 years ravellingexensively in his uncion beore moving ino an operaional or analyical role wihin he core business.
Salary indication (in CHF):
*Inernal Audi is no commonly implemened in small organisaions relaive o is high cos.
< 5 years
N.A.
N.A.
N.A.
100,000
130,000
110,000
Experience
minimum
minimum
maximum
maximum
5-10 years
SalarySalary
N.A.
N.A.
N.A.
165,000
average
average
125,000
136,000
SME*
GROUP / MULTINATIONAL
2. CONTROLLING POSITIONS
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
2.5.3 External Auditor
All Swiss organisaions, in boh he public and privae secors, mus prepare an annual nancial repor, planning ou heir aciviiesor he year and heir resuls a he end o he year. Te nancial repors o mos organisaions mus also be reviewed by an exernalbody, called an Audior. A regisered Audior is an Accounan wih an appropriae qualicaion.
he naure o he audi will vary according o he aciviies o he organisaion. An audiors job is o invesigae dierenaspecs o he organisaions aciviies each year. Alhough Audiors work closely wih he Financial sa o each organisaion,hey repor independenly. In he audi o a limied company, heir repor will go o he shareholders. An Exernal Audior haswo ypes o missions: (1) legal or conracual audis; (2) special missions requesed by cliens.
The main tasks are:
Undersand how he business operaes as a whole including he nancia l ransacions ha are cenral o he organisaionsaciviies
Review he summarised nancial repors used by he organisaion
Ideniy he poenial areas o nancial risk ha require closer examinaion; sudy hese risk areas in more deail and reviewareas o concern wih he organisaions managemen; communicae he resuls o he audi o boh managemen and exernalshareholders
Exernal Audiors usually operae on one o he ollowing levels: Assisan, Senior, Manager, Direcor, and/or Parner.
Reports to:
Parner and someimes a Projec Direcor or Manager
Profle:
Mos consulans wihin audi accouning rms are juniors w ih 1 o 2 years o ex perience or recen graduaes . Te Big 4 audi rms(Erns & Young, Deloite, KPMG, and PriceWaerhouseCoopers) are excellen places o sar a career, as he c andidae will receivea high level o raining, gain considerable ex posure o dieren indusries and develop a variey o skills.
Prospective career path:
Several years o audi experience provide a good overview o various nancial and accouning posiions and is an excellen raining
or a possible uure career move o an Inernal Audior or a Financial Analys posiion.
Proessional accouning degrees (ACCA, Breve dExper Compable/Eidg. dipl. Wirschasprer ec.) are generally required bysome companies o become a Parner or a Financial Conroller.
As presigious as a Big 4 audi experience may be, mulinaional corporaions are drawing many accounans away rom he Big 4. Among he perceived advanages are: greaer specialisaion, higher compensaion and benes and mos imporanly, a moreatracive career. Tis is why, as sophisicaed as heir recruimen process or junior posiions may be, he Big 4 are oen shoro Senior Audi proles wih 4 years o experience.
31
Salary indication (in CHF):
Te ollowing is an overview o salaries. Salaries may be higher depending on he posiion o he Audior. I an Audior wih 9 o 1years experience is already a Parner, his/her salary could approach 25, CHF. A Parner wih a similar prole and more han 12years experience can earn up o 3, CHF per year.
Auditor / Senior / AssistantManager (0-4 years)
Manager / SeniorManager (> 5/6 years) Partner
0
Experience
minimum
minimum
maximum
maximum
SalarySalary Salary
250,000110,00072,000
350,000170,000115,000
300,000141,00099,000average
average
N.A.N.A.N.A.
N.A.N.A.N.A.
N.A.N.A.N.A.
SME*
GROUP /
MULTINATIONAL
*Exernal audi is handled by duciary rms ha we consider as SME, even he Big 4, where hey are independen.0Becoming a parner usually involves buying shares rom he duciar y and being acceped by he oher par ners.
2. CONTROLLING POSITIONS
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3. ACCOUNTINGPOSITIONS
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
3.1 Chie Accountant/Accounting Manager
Te Chie Accounan is responsible or he operaion o all managing accouning uncions and he preparaion o repors andsaisics wihin large organisaions.
The main tasks are:
Provide assisance o he Financial Direcor in he preparaion and compilaion o he annual budge, provide analysis andorecass as well as liaising wih budge holders where necessary
Help prepare annual accouns in compliance wih appropriae accouning sandards
Provide ax and social saemens
Manage accouning uncions and he preparaion o repors and sa isics
Prepare orecas documens
Mainain and develop managemen inormaion sy sems
Manage, drive and rain a eam (w hose size will depend on ha o he company) in order o provide accouning and nancialsaemens
Reports to:
Finance ManagerCFO
Profle:
Tis posiion generally requires a qualied charered accounan (Swiss Ceried Accounan/Eidg. Fachausweis im Finanz- undRechnungswesen; ACA, ACCA, CPA, DESCF) wih 2 years experience minimum in a managemen accounan role.
Te ideal candidae has leadership qualiies, eam managemen experience and demonsraes he abiliy o improve accouningprocedures and working pracices.
Some companies view previous experience in an ERP implemenaion or a similar projec as an advanage.
Prospective career path:
An accouning qualicaion is essenial o become a Finance Manager in large companies or a Financial Direcor in an SME.
Te Breve Fdral dExpers-Compables/Eidg. dipl. Wirschasprer or similar accouning qualicaion is also essenial obecome a Parner or o sar ones own accouning rm.
35
Salary indication (in CHF):
3. ACCOUNTING POSITIONS
Chief AccountantAccounting Manager
5-10 years
Chief AccountantAccounting Manager
> 10 years
100,000
130,000
110,000
110,000
150,000
125,000
Experience
minimum
minimum
maximum
maximum
SalarySalary
110,000
150,000
125,000
200,000
average
average
125,000
145,000
GROUP / MULTINATIONAL
SME
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
3.2 General Accountant
Te General Accounan perorms accouning and nancial uncions.
The main tasks are:
Prepare nancial managemen repors including nancial planning and orecasing
Prepare nancial saemens including monhly and annual accouns
Mainain accurae nancial records and prepare clear and accurae repors or inormaional, audiing and operaional purposes
Mainain accouning records or special accouns and projecs
Advise on ax and reasury issues
Reports to:
Chie AccounanAccouning ManagerFinance Manager
Profle:
In Swizerland, junior candidaes mus have he CFC de commerce/KV-Abschluss (a Mauri/Maura or a business degree) wihraining as a Junior Accounan or as an Assisan Accounan or a minimum o 1 o 2 years o become a General Accounan. Anacademic background such as a Diplme dEconomise dEnreprise ES/HW V-Abschluss may also be considered.
Candidaes may hen consolidae heir academic raining wih he Breve Fdral en Finance e Compabili/Eidg. Fachausweis imFinanz- und Rechnungswesen or wih anoher cer ied accouning degree.
Prospective career path:
Depending on he size o he company, an Accounan can atain a Chie Accounan or a Financial Direcor posiion, boh o whichrequire a qualied accouning degree: Diplme Fdral dExper en Finance e Conrolling/Eidg. dipl. Expere in Rechnungslegungund Conrolling (3 years raining); Breve Fdral dExpers-Compables/Eidg. dipl. Wirschasprer (rom LAcadmie SuissedExperise Compable Lausanne).
Tis posiion has experienced considerable changes in recen years and now requires real echnical and managerial knowledge.Sricer qualicaion sandards or ceried/qualied accounans have improved he image o he proession. Te diverse naure ohe posiion, including he conrolling aspec, has also c onribued o his improved percepion.
In Swizerland, here is a srong demand or bilingual English/French- or English/German-speaking accounans. Familiariy wihinormaion sysems (ERP such as SAP or Oracle) is a plus.
As many mulinaionals choose Swizerland as heir headquarers, an Anglo-Saxon accouning degree such as ACCA, CPA orCIMA may be required, in which case previous exposure o inernaional nancial reporing is desirable, ogeher wih a goodknowledge o inernaional accouning sandards (US GAAP, IFRS).Compeen, compleely bilingual accounans (French and English or French and German) are in shor supply compared o hehigh demand or his qualicaion.
37
Salary indication (in CHF):
Junior Accountant
(< 5 years)
General accountant
(5-10 years)
Senior General
Accountant (>10 years)
100,000
80,000
115,000
110,000
105,000
95,000
Experience
minimum
minimum
maximum
maximum
SalarySalary Salary
125,000
135,000
average
average
110,000
100,000
118,000
110,000
120,000
110,000
165,000
150,000
131,000
120,000
SME
GROUP / MULTINATIONAL
3. ACCOUNTING POSITIONS
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
3.3 Fiduciary Accountant
A Fiduciary Accounan in Swizerland works or Ceried Public Accounan rms, which provide accouning, audiing, and axservices as well as experise o individuals, companies and insiuions.
The main tasks are:
Manage muliple cliens accouns
Review duciary accounings
Perorm accouning and audiing consuling duies including he preparaion o nancial saemens
Perorm ax consuling duies: be procien in he preparaion o cor porae, individual, and duciary reurns
Direc clien conac
Inerac wih parners, associaes, accounans, bank ocers & brokers and esae adminisraion
Reports to:
Head o Fiduciary
Profle:
In Swizerland, his posiion requires, in addiion o a CFC de commerce/KV-Abschluss (a Mauri/Maura or a business degree),he Breve Fdral dAgen Fiduciaire/Eidg. dipl. reuhnder or he Breve Fdral en Finance & Compabili/Eidg. Fachausweisim Finanz- und Rechnungswesen.
Any candidae wih a Bachelor or Masers degree in Accouning is also considered.Qualicaions such as a CPA are an advanage. Exposure o duciary accouning is required and experiences wih Swiss duciaryincome ax and esae ax compliance are a plus.
Prospective career path:
A Fiduciary Accounan wih experience gained in one o he Big 4 and wih a minimum o wo European languages (includingEnglish) has good career advancemen possibiliies wihin a large company. For example, a Fiduciary Accounan can advance o
Inernal Audi posiions.
39
3. ACCOUNTING POSITIONS
85,000
55,000
106,000
100,000
100,000
>75,000
Experience
minimum
minimum
maximum
maximum
SalarySalary Salary
116,000
125,000
average
average
92,000
65,000
107,000
84,000
120,000
90,000
148,000
130,000
131,000
103,000
Junior Accountant(< 5 Years)
Senior Fiduciary
Accountant (5-10 years)Fiduciary AccountingManager (>10 years)
SME
GROUP / MULTINATIONAL
Salary indication (in CHF):
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
3.4 VAT Accountant
Te VA Accounan prepares and submis VA and Inrasa declaraions or he counries serviced by he Finance deparmenor he Financial Shared Serv ice Cenre.
The main tasks are:
Complee VA reurns and paymens/recovery o VA
Help wih quarerly VA reurns (including oreign VA reunds or mulinaional companies), review compliance processes,risk managemen, projec and general educaion o senior sa abou he impac o VA on commercial decisions
Eec VA accoun reconciliaion
Suppor he local organisaion in case o ax audis
Assis in he mainenance o VA rules
Help manage direc/indirec ax projecs
Reports to:
VA ManagerAccouning Manager
Profle:
Companies seek candidaes wih a minimum o 2 years Accouning experience and some VA knowledge, eiher in an iner-naional environmen or in a Big 4 exernal audi. For more senior candidaes wishing o atain a managemen posiion, a recognisedaccounancy qualicaion is required, such as CIMA, CPA or a Breve Fdral en Finance & Compabili/Eidg. Fachausweis imFinanz- und Rechnungswesen.
In Swizerland, large companies are generally responsible or he E MEA region (Europe, Middle Eas and A rica). Tis means haa solid knowledge o European Inrasa processes as well as radiional VA asks can be required in some cases.
Prospective career path:
A VA Accounan has he opporuniy o become a ax specialis. In addiion, all hree posiions previously described (General,Fiduciary and VA Accounan) can lead o higher accouning posiions such as Accouning Manager or Head o Accouning.
80,000
60,000
110,000
100,000
100,000
80,000
Experience
minimum
minimum
maximum
maximum
SalarySalary Salary
130,000
120,000
average
average
100,000
90,000
110,000
100,000
120,000
90,000
159,000
130,000
132,000
113,000
Junior Accountant(< 5 Years)
Senior VAT
Accountant (5-10 years)VAT Accounting
Manager (>10 years)
SME
GROUP / MULTINATIONAL
3. ACCOUNTING POSITIONS
Salary indication (in CHF):
41
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
43
experience as a junior accounan or assisan accounan. An academic background such as Diplme dEconomise dEnrepriseES/HWV-Abschluss may also be considered.
Candidaes may hen consolidae heir accouning skills wih he Breve Fdral en Finance e Compabili/Eidg. Fachausweis imFinanz- und Rechnungswesen or wih anoher ceried accouning degree (Bachelor or Maser oered by universiies or privaeinsiuions).
Te Payable/Receivable Accounan mus have a good undersanding o he accouns payable/receivable process. Srong compuerskills including a working knowledge o Excel, Word and general ledger soware packages are required. Good communicaion skillsare also imporan in ensuring ha all clien lae paymen issues are resolved in an accepable manner.
Prospective career path:
Depending on he size o he company, a Payable/Receivable Accounan may become a Payable/Receivable AccouningManager or Chie Accounan. A qualied accouning degree is a prerequisie: Diplme Fdral dExper en Finance eConrolling/Eidg. dipl. Expere in Rechnungslegung und Conrolling (3 years raining); Breve Fdral dExpers-Compables/
Eidg. Dipl. Wirschasprer.
Salary indication (in CHF):
3.5 Payable/Receivable Accountant
Te Payable Accounan is responsible or ensuring paymen o invoices by veriy ing and compleing payable ransacions.Te Receivable Accounan veries and poss accouns receivable ransacions o journals, ledgers and ohers records. He/Sheollows esablished procedures or processing receips, cash, ec., and may also prepare bank deposis.
The mains tasks o a Payable Accountant are:
Pay invoices by veriying and compleing payable ransacions/claim unpaid invoices
Ensure ha all invoices are sored and posed on a weekly/monhly basis
Conrol all accouns/invoices
Ensure ha all cheques are lised and posed or all bank accouns
File all invoices, non-credior paymens, credior and nominal ledger repors
Assis wih general operaions (cash couning, wages disribuion)
Provide monhly and on reques analyses and repors
The main tasks o a Receivable Accountant are:
Monh-end billing processes, including gahering highly deailed billing source daa, organising and managing daa anduploading billing daa ino he accouning sysem
Creaion o monhly invoices
Reconciliaion o he nal billing repors and source documens o he general ledger
Reconciliaion o he general ledger o he accouns receivable aging repors
Preparaion o bank deposis, processing o cusomer prepaymens by credi card, and/or applicaion o cusomer paymens inhe accouning sysem
Processing o credi and debi memos as necessary
Communicaion o accoun inormaion o Sales & Credi Deparmens as requesed; mainenance o cusomer les as needed
on a regular basis
Reports to:
Payable Accounan ManagerChie Accounan/Accouning Manager
Profle:
In Swizerland, a Payable/Receivable Accounan ollows he same academic raining as a General Accounan. Te junior prolesmus have he CFC de commerce/KV-Abschluss, a Mauri/Maura or a Business degree wih a minimum o 1 o 2 years raining
3. ACCOUNTING POSITIONS
Accounts Payable /Receivable
Payable / ReceivableAccounting Manager
71,000
100,000
92,000
85,000
105,000
91,000
Experience
minimum
minimum
maximum
maximum
SalarySalary
90,000
120,000
105,000
140,000
average
average
100,000
121,000
GROUP / MULTINATIONAL
SME
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4. SPECIALISTPOSITIONS
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
00Mos o he ime, his sraegic uncion is dedicaed o a CFO level and salaries can go up o he level o he relaed posi-ion (34, o 35,).*M&A aciviy is almos insignican in SME.
47
Salary indication (in CHF):4.1 Mergers & Acquisitions (M&A)/Business Development
Te Corporae Sraegy/M&A Specialis plays a key role wihin business developmen or he company.
The main tasks are:
Formulae acquisiion sraegies, plan execuion schedules, sreamline he acquisiion process, manage a porolio o core programslinked o he developmen o he company, ormulae and develop deailed nancial models and valuaion scenarios or poenialransacions
Lead he assessmen o he accouning impac relaing o proposed mergers & acquisiions, business deals and oherransacions, perorm due diligence procedures relaing o poenial mergers and acquisiions
Develop program/budge esimaing; assemble procuremen documenaion; conribue o he evaluaion o conracor cosproposals; prepare cos esimaing daa or prospecive acquisiions; perorm conracor cos and schedule perormancemeasuremen asks; monior conracor perormance hrough burn rae analysis; a ssis he program managemen eam andleadership wih sraegic business planning and economic analysis
Work wih Financial Planning & Analysis and Invesor Relaions on nancial analysis and speci c projecs; paricipae in specialprojecs and iniiaives
Paricipae in ransacion negoiaions and wrie legal documenaion
Reports to:
Corporae Developmen ManagerChie Financial OcerChie Execuive Ocer
Profle:
M&A work is highly echnical and ocuses on high prole cliens and projecs, including mergers, acquisiions and ransacions ormulinaional organisaions and nance houses. Cliens are mulinaional companies, invesmen banks, he Big 4 corporae nancedeparmens and inernaional ax deparmens in medium-ier rms.
For his ype o posiion, specialiss a all levels wih experise in Mergers & Acquisiions may be required. In general, candidaesare rom a wide range o backgrounds, including charered accounans, ax proessionals, and qualied lawyers who have rained inproessional rms, indusry and commerce, and he nancial services secor.
Tey also hold a high level academic diploma. Junior prole candidaes will have a minimum o 3 years experience in ransacions work.
Prospective career path:
Te M&A Specialis is a n exposed posiion because he invesors rely direcly on his analysis and acquisiion sraegies.An M&A Specialis can move on o he posiion o Corporae Finance Manager or Corporae Developmen Manager.
4. SPECIALIST POSITIONS
5-10 years
N.A.
N.A.
N.A.
110,000
220,000
160,000
Experience
minimum
minimum
maximum
maximum
> 10 years
SalarySalary
N.A.
N.A.
N.A.
220,0000
average
average
138,000
184,000
GROUP / MULTINATIONAL
SME*
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
49
*Tere is almos no consolidaion in SME.
Salary indication (in CHF):4.2 Consolidation
Te Consolidaion uncion implies responsibiliy or compilaion, preparaion and analysis o consolidaion nancial saemens.
The main tasks are:
Consolidaion, wihin he required ime schedule, o nancial economic inormaion and is ransormaion ino managemeninormaion argeed a relevan paries (group, business unis, counries, sies) and consolidaion o he annual a nd quarerlyconsolidaed accouns
Weekly and monhly commenary on consolidaed resuls, reporing
Analysis o monhly acual resuls
Preparaion and analysis o consolidaed mid-year orecas and budge presenaion
Analysis and accouning in he areas o conracs and pricing including: asses, amorisaions, and accruals
aking par in he consolidaion o he business unis and he groups annual budge
Ensuring ha accouning records in boh managemen reporing and sauory consolidaion are prepared and mainained inaccordance wih he company's accouning policies, c harer o accouning pracices and relaed accouning principles andpracices, and ha subordinae ledgers reconcile wih he general ledger
Improvemen o adminisraive procedures and auomaion wihin he consolidaion deparmen
Reports to:
Finance DirecorDirecor o Consolidaion
Profle:
Tere is no specialised qualicaion or his echnical uncion. Candidaes usually possess a Universiy degree (Accouning/Business, Economics/Business, and Accouning) or accouning qualicaions (ACCA, CPA). Consolidaion uncions concerncandidaes having more han 5 years o experience in audiing wih a consolidaion componen or in accouning.
Te as developmen o Inormaion echnologies requires more and more knowledge in Enerprise Resource Planning (ERP)
soware.
Prospective career path:
Currenly he consolidaion posiion is a a crossroad o key inormaion fow rom or o he conrolling, accouning and nancialdeparmens. Is uncion is o selec and synhesise inormaion in order o provide high qualiy ools or aciviy managemen.Tese characerisics, combined wih he absence o specic universiy raining , lead o a general candidae shorage.
Tere are ew naive Swiss candidaes wih he skills needed or his posiion. Tereore, Anglo-Saxon proles accoun or hemajoriy o recruimens, wih a corresponding increase in salary levels.
4. SPECIALIST POSITIONS
5-10 years
N.A.
N.A.
N.A.
100,000
160,000
135,000
Experience
minimum
minimum
maximum
maximum
> 10 years
SalarySalary
N.A.
N.A.
N.A.
215,000
average
average
120,000
160,000
GROUP / MULTINATIONAL
SME*
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
51
As reasury oers he opporuniy o deal wih he assessmen and managemen o corporae risk, reasury experience can open doorswihin corporae nance, indusry and banking and possibly serve as a springboard o general managemen.
Prospective career path:
In recen years, his posiion has changed due o he pressures o volaile money markes, and he need o proacively plan uurenancing and use inormaion echnology. Te Corporae reasurer is now a relaionship manager, balancing he demands o hebusiness isel (including subsidiaries) and such exernal sakeholders as banks, crediors and shareholders.
A he junior level, uncions have ended o become more operaional wih an improvemen in recruimen aciviy or bohreasury Dealer and Analys roles. Wih he adven o Sarbanes-Oxley and IAS 39, qualied accounans who are ineresed inworking in reasury conroller posiions are more in demand.
A he senior level, here has been an increased demand or candidaes, as companies implemen previously agreed expansion plansdespie he general lack o M&A aciviy.
A career in reasury is an opporuniy o work a he hear o an organisaion, providing valuable suppor o all is key uncions. Terole o he reasury proessional is exremely varied, incorporaing a range o proessional disciplines such as money managemen,accouning, corporae nance, risk managemen and corporae governance.
While he skills demonsraed by a reasurer have long been acceped as vial o business success, he reasury proession isundergoing coninuous change. he uncion o a reasurer is usually less rigid han ha o a lawyer or an accounan. In ac,he reasurer has he scope o develop his or her own brie according o he sraegic aims o a business.
An atracive career wih advancemen opporuniies is possible wihin Corporae reasury rom reasurer hrough o Groupreasurer.
Salary indication (in CHF):
4.3 Treasury
4.3.1 Treasurer
Te reasurer is he company ocer who is responsible or managing boh unds (and relaed risks) and he developmen andmainenance o group cash fow. Depending on his/her experience and he inernaional scope o he company, he reasurer mayhave varying degrees o responsibiliy or invesmen, nancing negoiaion and nancial cover operaions.
Te reasurer's uncion may vary widely. As well as negoiaing wih banks abou unding, he reasurer may be involved in examiningrisk managemen issues and be responsible or cash managemen group-wide.
The main tasks are:
Managing day-o-day cash and reasury orecass
Monioring and hedging he FX and ineres rae exposures and calculaing he curren and orecas hedge raios
Managing oreign exchange risks
Providing reasury reporing
Improving and developing reasury policy and guidelines
Advising on signican marke movemens and rends
Cash-pooling and cash managemen
Coordinaing iner-company loans and capialisaions
Managing relaionships wih banking parners
Opimising inormaion sysems
Tese asks may be very dieren relaive o he company, or he domain covered by he posiion. Furhermore, every ask can beconsidered an unique reasury role. reasury oers a good overview o all nance-relaed elds including analysis, unding andaxaion.
Reports to:
Group reasurerFinancial Direcor
Profle:
Companies seek candidaes wih a Universiy degree in Finance or wih an educaion rom Business school (HEC, HEG).Increasingly, reasury is becoming a popular opion or he more commercially-minded ACCA who is looking o genuinelyadd value o a business. As such, a reasurer is likely o be a qualied accounan or an experienced reasury proessional wih a proessional reasuryqualicaion and wih excellen reasury sysems knowledge. A hands-on knowledge o reasury sysems is oen considered anasse and an aid o decision-making.
4. SPECIALIST POSITIONS
Treasury Analyst toExperienced Treasurer
(3-8 years)
Cash Manager to Headof Treasury(> 8 years)
100,000
140,000
110,000
110,000
144,000
120,000
Experience
minimum
minimum
maximum
maximum
SalarySalary
110,000
180,000
140,000
250,000
average
average
125,000
177,000
GROUP / MULTINATIONAL
SME
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
53
Prospective career path:
I he candidae wishes o advance in his eld, he/she can readily move ino a reasury posiion wih a rs experience as reasuryAssisan beore ataining he posiion o reasurer.
Demand or reasury Accounans coninues o ousrip supply. Experienced reasury accounans who wish o coninue in hiseld are highly sough aer, which has led cliens o ake on less experienced accounans sraigh rom pracice (i hey are newlyqualied ACCA, hey will ypically have audied reasury producs or reasury deparmens).
Successul candidaes will ypically have a srong academic background and a very good examinaion pass record. reasuryconinues o be a high proile career bu i can also be a sepping sone o oher senior inance roles.
Salary indication (in CHF):
4.3.2 Treasury Accountant
Te reasury Accounan is responsible or he producion o managemen accouns, liaising wih he group on all reasury-relaedransacions, as well as conducing oher ad hoc projecs.
The main tasks are:
Oversee day-o-day reasury aspecs o cash managemen and invesmen, assis wih cerain pos-acquisiion aspecs, veriybank ees and all iner-company ransacions
Pos all reasury-relaed ransacions o he general ledger
Calculae accruals on exernal/iner-company borrowings and invesmens
Prepare saemens or iner-company loans and accouns
Develop and manage cash orecasing and budgeing
Reconcile ineres apporionmen on iner-company balances reasury-relaed bank accouns, inernal and exernal borrowingsand invesmens, oreign exchange dealings
Manage company invesmens
Monior all bank accouns o ensure sucien unds o mee cash oufows
Manage day-o-day aciviies and correspondence
Manage he audi process wih accouning rms
Mainain he overall inegriy o he accouning records, supporing analyses, and documenaion o procedures
Ensure perormance reporing
Reports to:
reasurerAccouning Manager
Profle:
ACCA/CIMA qualied candidaes or candidaes wih a par qualied accouning degree or wih a Breve Fdral en Finance eCompabili/Eidg. Fachausweis im Finanz- und Rechnungswesen, preerably wih 2 years minimum accouning experience, areideally suied or his posiion.
Candidaes wih a Bachelor/Maser in Finance or Accouning and wih solid reasury experience may also be considered.Frequenly, reasury accounans come rom banking or back-oce posiions.
Candidaes mus possess srong inerpersonal skills. He/She should be a conden communicaor wih excellen numerical andorganisaional skills.
4. SPECIALIST POSITIONS
2-5 years
80,000
120,000
100,000
90,000
140,000
110,000
Experience
minimum
minimum
maximum
maximum
> 5 yearsSalarySalary
100,000
150,000
120,000
160,000
average
average
100,000
120,000
GROUP / MULTINATIONAL
SME
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All inormation contained in this survey is the property o Michael Page International (Suisse) SA. Any reproduction o this document, in whole or in part,
is orbidden under the October 9, 1992 Swiss Federal Copyright Law: Loi drale sur le droit dauteur (LDA).
55
0Salary o ax parner level.*In his case, we consider he SME as Fiduciaries or Law Firms, because hey provide ax advice o SME.
Prospective career path:
In Swizerland, many large corporae companies, nancial services rms and law rms have an in-house ax eam wihin heir legaldeparmen. For hese companies, a combinaion o good commercial acumen and a sound knowledge o accouning gives o hecandidaes a compeiive edge. Te lack o ormal ax raining is no usually an issue - he echnical learning curve is seep bu hechallenge is by no means unobainable.
However, i should be noed ha or senior ax managemen posiions in law rms, a ax exper qualicaion is essenial, especiallyor becoming an associae or a par ner.
Tis posiion is he highes ax posiion wihin he organisaion. Te career advancemen opporuniies are direcly proporional ohe inernaional complexiy o he company.
Salary indication (in CHF):
4.4 Tax Specialist (Direct/Indirect & Transer Pricing)
ypically, a role in a corporae eam will be compliance-ocused and will deal wih a broad range o corporae ax complianceissues as well as VA. Te secor and size o he rm will infuence he scope and variey o he work. Te ax Manager will oenwork closely wih exernal advisers o seek new soluions o exising and uure ax issues. Te ax Manager may also deal wihprivae clien and parnership planning. A ax Manager will be concerned wih maximising he wealh o he paries concernedhrough planning as well as ensuring ha all personal ax obligaions are me.
An expariae ax or employer ax uncion will usually be compliance-ocused and will deal wih all aspecs o reward andemployer axes. Expariae ax covers broad-ranging issues dealing wih minimising ax liabiliy or non-Swiss candidaesworking in Swizerland or Swiss candidaes overseas and will oen have a human resources aspec.
Larger rms may also employ in-house indirec ax advisers ocusing more paricularly on VA, cusoms compliance and planning.Indirec ax represens a major cos o all organisaions and is growing more and more complex due o ever-changing legislaionand he ac ha many rms are becoming increasingly inernaional. Tere is oen a shorage o candidaes in his eld, making i ahighly lucraive area in which o specialise. Currenly, VA experience/knowledge is imporan in all y pes o companies.
The main tasks are:
Tere are our core areas o a x. Tese can be subdivided ino highly specialised areas, some o which are lised:
Corporae ax: Swiss corporae/inernaional/ranser pricing, FS ax, M&A/ransacion ax
Privae cliens: wealh managemen, inheriance ax, capial gains ax, russ
Employee and expariae: worldwide assignmen managemen, compensaion and benes
Indirec ax: VA, cusoms, landll a x
ax is usually spli ino Compliance, Advisory and Consulancy.
Compliance: process-driven preparaion o ax compuaions or personal a x