2024 Canada Finance and Accounting Salaries and Hiring Trends | Robert Half

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Corporate Accounting Compliance Tax Internal Audit Financial Reporting General Accounting Cost Accounting Financial Analysis Budget Analysis Treasury Analysis Business Analysis Data Analysis Business Intelligence Analysis Business Systems Analysis Financial Systems Operational Support: Credit and Collections Operational Support: Bookkeepers Accounting Operations Public Accounting Banking and Financial Markets Commercial Lending Financial Services Financial Services: Financial Planning and Analysis (FP&A) Financial Services: Internal Audit Financial Services: Regulatory Reporting Financial Services: Risk Analysis Financial Services: Compliance Hedge Fund Accounting Mutual Fund Accounting Banking Operations Fund Operations Banking and Financial Markets Operations Financial Markets Operations
Position Title 25th Percentile 50th Percentile 75th Percentile Chief Financial Officer (CFO) – Corporate Accounting 176250 223500 288250 Treasurer 161000 197750 231500 Vice President of Finance 146000 166000 198500 Director of Accounting 127000 144750 170750 Director of Finance 126500 146000 170500 Director of Financial Reporting 127000 147750 172000 Corporate Controller 126250 153750 179000 Controller – Corporate Accounting 107000 135250 165750 Financial Project Manager 117750 133000 146000 Assistant Treasurer 117000 134750 151000 Assistant Controller 84000 102250 123000 Property Accountant 61500 72750 88500
25th Percentile
New to the role, with little or no experience; requires more than casual instruction or supervision to perform day-to-day duties.
50th Percentile
Has the experience to consistently perform core responsibilities without direct supervision; very comfortable with processes and subject matter associated with the role.
75th Percentile
Value to the organization goes far beyond the ability to perform normal job duties; has rare qualifications that enable consistent contribution in unique ways; ready for next career level when available.

Hiring Trends in Finance and Accounting

Companies seek financial planning and reporting expertise

Businesses are increasing staff in areas such as financial planning and analysis (FP&A), general accounting, and financial reporting. 31% of managers say FP&A is the area where they are most likely to seek the assistance of contract professionals. Offering flexibility in when and where employees work can help professionals improve work-life balance and boost companies' recruitment and retention efforts. 43% of managers say a strong job candidate turned down their offer because the company couldn’t accommodate their remote work expectations.
Financial modeling Financial
reporting
Leadership and
management
experience
Data analytics Technology
expertise
Financial modeling Financial
reporting
Leadership and
management
experience
Data analytics Technology
expertise

Employers look for specific skills in financial services

In financial services, demand is high for candidates with specialized knowledge of data analytics or risk and compliance. Public accounting firms struggle to hire and retain professionals who expect a better work-life balance. To compete for top candidates, more firms are increasing salaries and making counteroffers.

Firms support core staff with interim talent

One-third of finance and accounting employees say their departments are short-staffed. Understaffing can cause teams to become overloaded and potentially burn out. The shortage of skilled talent available for permanent roles has many departments turning to contract professionals to relieve core staff and take advantage of expertise not available internally.
Financial reporting Financial planning
and analysis
General accounting Payroll Financial reporting Financial planning
and analysis
General accounting Payroll
Salary range Benefits Nontraditional
schedules, remote
or hybrid options
Day-to-day
responsibilities
Company culture
and values
Salary range Benefits Nontraditional
schedules, remote
or hybrid options
Day-to-day
responsibilities
Company culture
and values
of candidates say they wouldn’t keep interviewing with a prospective employer who declined to provide salary ranges upon request. of candidates say they wouldn’t keep interviewing with a prospective employer who declined to provide salary ranges upon request.

say they expect an employer to disclose salary ranges in job postings. say they expect an employer to disclose salary ranges in job postings.

Industries hiring most

Financial services Health care Insurance Manufacturing Real estate

In-demand accreditations and skills

CPA Certified payroll manager (CPM) Chartered financial analyst (CFA) MBA Payroll compliance practitioner (PCP)

Top technology skills

Customer relationship management (CRM) software Enterprise resource planning (ERP) systems Human resource information system (HRIS) Microsoft Excel Microsoft Power BI

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How do we determine our salary figures? See our methodology. The salaries listed in the salary tables represent starting compensation only, meaning pay for someone new to a company in the position listed. Our estimates do not include bonuses, benefits or perks. We report salaries in percentiles and ranges, recognizing that professionals join companies at varied experience levels. Other data referenced in this Salary Guide is based on online surveys developed by Robert Half and conducted by independent research firms. Respondents included hiring managers and employees from small (less than $50 million in revenues), midsize ($50 million to $1 billion) and large ($1 billion or greater) private, publicly listed and public sector organizations across Canada.