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Salary Guidance & Trends within Glasgow’s Transactional Finance Market

Glasgow’s transactional finance market is thriving and is showing no signs of slowing down. However, with a cost of living crisis and candidate skills shortages, we are seeing companies now competing to attract the best talent into their teams through inflated salaries and an increased benefits package to boot.

Here, I will chat through the salaries we are seeing drive engagement within the Transactional Finance market, and what trends we’re seeing driving recruitment forward in this space…

As demand strengthens for skilled transactional finance professionals across Glasgow, we are seeing this reflected in the overall remuneration, with notable inflation across all areas. To attract candidates who hold the desired skillsets, we are seeing salaries fall within the following banding:

  • Accounts Assistant: c.£26k
  • Finance Assistant: c.£24k – £26k
  • Credit Controllers: c.£25k – £30k
  • Purchase Ledger Assistants/ AP Assistants: c.£24k – £27k
  • Sales Ledger Assistants/ AR Assistants: c.£24k – £27k
  • Payroll Officer/Assistant: c.£24k – £30k
  • Payroll Team Leaders/Supervisors: c.£28k – £35k
  • Payroll Managers: c.£40k – £46k
  • Transactional Finance Team Leaders: c.£35k-£40k
  • Transactional Finance Managers: £40k – £50k

A recent Totaljobs study found that candidates’ applications across the finance space declined by 7% while job postings rose by 9% throughout the last 12 months, suggesting an apprehensiveness from candidates within the accountancy and finance space to make a move in this current economic climate. This has resulted in market trends shaping the benefits packages with many companies now offering a range of benefits including flexible & hybrid or remote working, private healthcare and some employers even implementing bonus schemes.

Employers are also placing an emphasis on career progression and professional development through training programs and qualifications within their teams, meaning that not only are they attracting talent to their businesses, they’re also retaining them.

At Iconic Resourcing, we work closely with our candidates to identify the most suitable opportunities that meet their career aspirations and work preferences, including flexible working arrangements.

So, whether you’re a recent finance graduate looking for your first role in the transactional finance market in Glasgow, or an experienced finance professional looking for your next career move, Iconic Resourcing can help. I specialise in the recruitment of transactional and part-qualified Accountants within Scotland.

For all updates on the accountancy & finance market, you can follow me on my Linkedin page, and please feel free to reach out for a confidential chat on the below details:

T: 07423 751 455