Canadian Insurance Co: Accounting/Finance/Risk Management/Treasury/Capital Management function...

jeffrey815(Smartiecat)

Analyst: 70K + 8% bonus = 80K
Sr. Analyst: 85K + 10% bonus = 95K
Manager: 95K + 12% bonus = 105K
Director: 105K + 17% bonus = 125K
AVP: 115K~130K + 25%~30% cash bonus + 25% ~ 35% stock bonus = 175K~200K
VP: beyond my level so my guess is between 250K to 350K
SVP: my guess is between 300K to 500K
EVP: treasury head's title is EVP. my guess is between 500K~700K
SEVP: publicly disclosed between 1~3Mil (depending on function)
CEO: publicly disclosed between 5~10Mil (depending on which year)

Director and below: 3 weeks vacation
AVP and above: 4 weeks vacation

(#63816@41)
Last Updated: 2012-4-17

looking at the stock market, it's such a black friday! -joeeqin(jenny2326); 2012-4-13 (#63727@41)

偶先带个头说几个吧 -specialday(Joyce); 2012-4-13 {257} (#63729@41)

Manufacturing, senior FA, $80-85K+10% bonus

Gold mining, reporting manager, $115-130K + 15-20% bonus

City of Toronto, reporting manager, $110K, no bonus

Banking, Director, $110-$115K + 10-15%bonus

通讯行业，corporate controller，$150K + 25%bonus

Telecommunications: FA 60-75K +12% bonus and 3 weeks vacation SFA 75-92K +15% bonus and 4 weeks vacation Senior Manager 100-120k+ 20% bonus Health Care: Slightly lower than above but less stressful -cmaing(CMAing); 2012-4-13 (#63733@41)

诱人啊！！其实这一行技术要求并不是太高，为啥PAY得还不错？ -jjjyyy(杯酒人生); 2012-4-13 (#63738@41)

If you really could be a very creative and skillful finance people with the strategic thinking and business acumen, it won't be less demanding. For any industry or position, if you are targeting at being the best, you pretty much will be paid decently. -cmaing(CMAing); 2012-4-14 (#63761@41)

Would you please elaborate a little more on "strategic thinking and business acumen"? Thank you for sharing your experience. This is an interesting subject. -600677(CM); 2012-4-15 (#63787@41)

If your role needs to provide decision making support, i.e provide the management financial support for them to decide which option they want to pursue, you need solid understanding of the business and ability to think from the management's view. -cmaing(CMAing); 2012-4-15 {309} (#63790@41)
You also need the ability to build models to forecast the business case results and post-mortem to justify your assumptions. You need to remember every single key number, all scenerio analysis results and answer all the questions brought up by the decision makers in your presentation to the management etc...

Thanks a lot. I guess the approach is different from company to company. -600677(CM); 2012-4-16 {1226} (#63794@41)
本文发表在 rolia.net 枫下论坛There are times you feel frustrated that you couldn't do much. To build a business case model here in our group is only a little more than the technical part of Excel. All the key assumptions, drivers are decided and provided by other departments. We did help to build the model, but I won't say we own or we truly "develop" the model. Our role is more or less as the coordinator and supporter.
Over years, the FA may gain knowledge and insight here and there, but remember, this behavior is not required or even encouraged by the organization. There are separate "planning and analysis" teams belong to the operation or function departments outside Finance. We are not necessarily trusted. Our own comparably higher turnover doesn't help the situation either.
Our director has this vision for the teams. I am afraid to say he has stirred the water a little, but overall, we go nowhere.

Again, thank you for sharing your experiences. I am sorry if I sound grumpy this morning. Do you work downtown? If so we shall have coffee together someday.
Now I will go to grab today's stimulate and hopefully things get better. You have a nice Monday too. It is a pleasure to chat with you on Rolia.

Kind regards.
cy更多精彩文章及讨论，请光临枫下论坛 rolia.net

One thing I feel lucky is that I came across two friends who are really gurus for finance area. I learn from them not only the language but also how to be a great finance professional. -cmaing(CMAing); 2012-4-16 {1373} (#63798@41)
本文发表在 rolia.net 枫下论坛The techniques needed for finance such as the advanced excel skills is just a portion of your work but
most important will be doing something differently from other traditional finance peers.

I found it is harder to improve what people have been using for long time-at least it would take long time to change it fundamentally. However, it would be easier to build a brand new model with all your creativity and better rationale. Taking ownership on something you can control and make it useful to the key users will help you to open the door to more trust. You need good eyes to capture the opps to show your ability and add value to the organization. There is always a chance, the sharper you are, the lesser blind spots you will have.

Everyone gets good days and bad days. It is ok if you are grumpy on your own. But you may not want to bring it on to your co-workers and managers. Not everyone will truly forgive you easily because you just had a bad day. When you are surrounded by smart people, really EQ wins you more opps. Look at those high level people, the higher they are, the calmer they seem to be.

Yes, I am working in downtown-but in Mississauga not in Toronto, lol. I will be more than happier to communicate with people on Rolia to discuss things and improve myself.
Send me PM if you want. Grabbing a coffee might be possible…who knows…:-)更多精彩文章及讨论，请光临枫下论坛 rolia.net

如果你们俩要GRAB A COFFEE,能不能也叫上我啊？？？我对你们的话题非常感兴趣。 -jjjyyy(杯酒人生); 2012-4-16 (#63805@41)

thanks for sharing -specialday(Joyce); 2012-4-13 (#63754@41)
就我所知的tele corp.，ROGERS和BELL可以配到这个数字，其它的还有差距。同行业但不同公司配的相差还是很大. -readingbook(chinacanada); 2012-4-17 (#63820@41)

我就不说行业了，我们已签了codeofconduct,our company professional staffs' average salary is 195K, except for office admin. staffs. plus 5 weeks vacation for all staffs. -learnenglish(studyenglish); 2012-4-13 (#63735@41)

Does Code of Conduct specify the industry salary is a secret? Without the background,the number you gave is less meaningful. No offence, just thoughts. -cmaing(CMAing); 2012-4-13 (#63736@41)

You are right. I realized this. what I can tell you is that the industry is still related to Finance/Accounting realm. I am sorry I can't tell you more. -learnenglish(studyenglish); 2012-4-13 (#63737@41)

这个不说清楚就有点不太靠普啦。IB/CB也许有可能。 -specialday(Joyce); 2012-4-13 (#63753@41)

欢迎更多同学分享行业收入秘密。:-) 做treasury的很少，做真正意义上的treasury更少。偶在以前写的treasury系列里有提到过相关职位的薪水。 -specialday(Joyce); 2012-4-13 {454} (#63755@41)

最近这几个月recruiters骚扰偶的几个职位和薪水如下:

电讯行业，treasury manager，主要负责risk management，mosly FX，and hedging。$120K+15% bonus

零售业，sr treasury manager，主要负责M&A和special projects，$115K-$120K + 20% bonus

两个公司都是multi-national的。

有些中小型的公司，或者美国欧洲公司在加拿大的分公司也会hire treasury analyst/manager，有些甚至给treasurer的title，但负责的都是基本的treasury functions，那些一般不会给太多，$75K的都可能。

可是市场上treasury的职位很少，junior level的好像都没有看见过，该怎么入门呢？ -whoknowsme(who); 2012-4-17 (#63813@41)

treasury职位在加拿大的确很少。初级职位大部分也要求1-2年treasury related experience,有些中型或不是太大的公司会把tax和treasury的职责放在一起，招的是tax and treasury manager. 要入门最好的就是在现公司找机会，如果你的公司够大有这样的部门。 -specialday(Joyce); 2012-4-17 (#63819@41)

Canadian Insurance Co: Accounting/Finance/Risk Management/Treasury/Capital Management function... -jeffrey815(Smartiecat); 2012-4-17 {574} (#63816@41)

Hello, are you referring to the top Insurance companies? I was told a mid- large size insurance company's senior analyst was only paid 50-60k, unbelievable! -cmaing(CMAing); 2012-4-17 (#63817@41)

I think the positions LZ mentioned about are more related to finance / risk & capital management functions. -specialday(Joyce); 2012-4-17 {79} (#63818@41)
if I'm not mistaken, LZ's background is in actuarial field, not accounting...

I'm in Risk Management. Actuarial/accounting paid is comparable. Accountant with a CA designation normally starts as a Manager at my company, after a few years of suffering in the big 4. -jeffrey815(Smartiecat); 2012-4-17 (#63821@41)

Senior operation analyst is very different than senior financial analyst or senior risk analyst. -jeffrey815(Smartiecat); 2012-4-17 (#63822@41)

Thank you for the clarification. The information people told me was for Senior FA role. I was surprised when I heard SFA was only worth 50-60k. I think your number makes more sense. -cmaing(CMAing); 2012-4-18 (#63835@41)

每小时15的飘过 -bjojo(jo); 2012-4-25 (#64195@41)

@Las Vegas

Canadian Insurance Co: Accounting/Finance/Risk Management/Treasury/Capital Management function...

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