Thursday, May 01, 2008

Back Office Securities Jobs in Boston

Securities firms in Boston are looking for accountants (and others) to work in operational and back office roles. As Jonathan Berr writes on eFinancialCareers:

Finding candidates, though, isn't always easy. They require specialized sets of skills such as international tax and accounting, notes Alex Cook, head of the asset management practice at Conley & Co. in Boston. "Trying to find international tax experience along with the other skill sets you are looking for can really be a tough proposition," he tells eFinancialCareers News. Such jobs pay between $300,000 and $500,000 for candidates with 10 to 15 years experience, he says.


Lower-level jobs also are available. Ryan Sutton, a regional vice president at Robert Half International, sees strong demand for credit analysts, product accountants, hedge fund accountants, and portfolio accountants. “We're seeing strong demand for back office (people) in Boston," Sutton says. "They are still hiring accounting and finance specialists, especially in the specialized space.… As demand increases, and since quantities of applicants are still tight, salaries are still increasing."

Stu Coleman, the general manager of the Winter, Wyman Companies' Financial Contracting New England group, has plenty of temporary-to-permanent positions at the entry level, including fund accounting jobs which pay between $18 and $22 per hour. Permanent jobs in the area pay $38,000 to $42,000 per year. Available compliance and reporting jobs pay $25 to $45 per hour on a temporary basis and $50,000 to $90,000 on a permanent basis.

Though the pay may seem low compared with other jobs, they aren't dead ends, Coleman says. "(Companies) are allowing people to use this as an entrance to the organization," he explains.

Here's the full story.

No comments: