Financial Reporting (FINREP)
UK

The following table provides summary statistics for contract job vacancies with a requirement for FINREP skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited FINREP over the 6 months to 7 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
7 May 2024
Same period 2023 Same period 2022
Rank 579 686 838
Rank change year-on-year +107 +152 -152
Contract jobs citing FINREP 6 7 11
As % of all contract jobs advertised in the UK 0.014% 0.012% 0.013%
As % of the Quality Assurance & Compliance category 0.098% 0.090% 0.094%
Number of daily rates quoted 5 7 5
10th Percentile £394 £515 £485
25th Percentile £410 £656 £500
Median daily rate (50th Percentile) £550 £725 £750
Median % change year-on-year -24.14% -3.33% +130.77%
75th Percentile £738 £894 £850
90th Percentile - £1,000 £858
UK excluding London median daily rate £420 £325 -
% change year-on-year +29.23% - -

All Quality Assurance and Compliance Skills
UK

FINREP is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for quality assurance or compliance skills.

Contract vacancies with a requirement for quality assurance or compliance skills 6,115 7,793 11,674
As % of all contract IT jobs advertised in the UK 14.28% 13.42% 13.27%
Number of daily rates quoted 3,875 5,360 8,003
10th Percentile £288 £280 £294
25th Percentile £400 £413 £402
Median daily rate (50th Percentile) £513 £525 £513
Median % change year-on-year -2.38% +2.44% +7.89%
75th Percentile £625 £638 £621
90th Percentile £750 £738 £712
UK excluding London median daily rate £483 £479 £450
% change year-on-year +0.89% +6.44% +5.88%
Number of hourly rates quoted 378 234 298
10th Percentile £10.95 £13.29 £12.01
25th Percentile £13.18 £18.50 £16.25
Median hourly rate £20.55 £35.00 £27.50
Median % change year-on-year -41.28% +27.27% +30.95%
75th Percentile £45.00 £60.00 £49.25
90th Percentile £68.00 £77.50 £66.00
UK excluding London median hourly rate £18.00 £32.94 £21.04
% change year-on-year -45.36% +56.57% +0.07%

FINREP
Job Vacancy Trend

Job postings citing FINREP as a proportion of all IT jobs advertised.

Job vacancy trend for FINREP in the UK

FINREP
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing FINREP.

Daily rate trend for FINREP in the UK

FINREP
Daily Rate Histogram

Daily rate distribution for jobs citing FINREP over the 6 months to 7 May 2024.

Daily rate histogram for FINREP in the UK

FINREP
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing FINREP within the UK over the 6 months to 7 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
England +100 4 £725 - 9
UK excluding London +72 3 £420 +29.23% 2
Work from Home +126 2 £418 -43.00% 3
London +84 2 £725 -1.02% 7
Scotland - 2 £418 -
North West - 1 £550 - 1
North of England - 1 £550 - 2

FINREP
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 1 (16.67%) Microsoft Office
1 1 (16.67%) Microsoft Project
Business Applications
1 2 (33.33%) Temenos Globus
Database & Business Intelligence
1 2 (33.33%) Data Mining
General
1 5 (83.33%) Finance
2 4 (66.67%) Analytical Skills
3 2 (33.33%) Banking
3 2 (33.33%) Influencing Skills
3 2 (33.33%) Social Skills
Job Titles
1 3 (50.00%) Analyst
1 3 (50.00%) Project Manager
2 2 (33.33%) Business Analyst
3 1 (16.67%) Functional Analyst
Miscellaneous
1 1 (16.67%) Derivative
1 1 (16.67%) Equities
1 1 (16.67%) Management Information System
1 1 (16.67%) Virtual Team
Processes & Methodologies
1 5 (83.33%) Project Management
2 3 (50.00%) Project Delivery
3 2 (33.33%) Business Analysis
3 2 (33.33%) Contingency Planning
3 2 (33.33%) Defect Management
3 2 (33.33%) GAP Analysis
3 2 (33.33%) Project Governance
3 2 (33.33%) Project Planning
3 2 (33.33%) Regulatory Change
3 2 (33.33%) Test Scripting
3 2 (33.33%) User Acceptance Testing
3 2 (33.33%) Workflow
4 1 (16.67%) Agile
4 1 (16.67%) Change Control
4 1 (16.67%) Change Management
4 1 (16.67%) Data Analysis
4 1 (16.67%) Fund Accounting
4 1 (16.67%) Process Improvement
4 1 (16.67%) Stakeholder Engagement
4 1 (16.67%) Time Management
Programming Languages
1 2 (33.33%) SQL
1 2 (33.33%) VBA
Qualifications
1 3 (50.00%) Degree
Quality Assurance & Compliance
1 4 (66.67%) Basel III
1 4 (66.67%) COREP
2 2 (33.33%) IFRS
2 2 (33.33%) PMO
2 2 (33.33%) QA
3 1 (16.67%) IFRS 9
Vendors
1 1 (16.67%) Microsoft