Michael Page Ireland Reports a Strong Demand for Fund Administration Professionals

    LONDON, ENGLAND, September 23, 2011 /24-7PressRelease/ -- Ireland continues to flourish as a key global location where fund promoters have chosen to develop and service investment funds.

More than 320 fund promoters maintain Irish funds at present, and the country is seen as a key global location for the creation and on-going management of investment funds. According to the Irish Funds Industry Association (IFIA), factors contributing to Ireland being a destination of choice for fund promoters include:

- The flexibility and range of legal structures
- A highly competitive marketplace for service provision
- A reputation for investment vehicles domiciled in other jurisdictions as a centre of excellence

Fund administration skills required
As the funds administration industry in Ireland continues to grow, opportunities for funds specialists in Dublin and across all regional centres have been bucking current employment trends. There is a strong demand for talented fund administration professionals to fill a range of job types at all levels, from entry to director.

There are fewer candidates currently available in the market, compared to previous years, so those professionals looking to progress their careers are enjoying increased job opportunities in the market. Reasons for decreased candidate availability include international relocation of fund administration professionals and a reluctance of many of those permanently employed to explore new opportunities during uncertain economic times.

Temps in demand
Funds professionals who are prepared to come into an organisation as a temporary employee are in particular demand as businesses increasingly find they require immediate expertise.

Job titles currently in demand in funds investment for both permanent and temporary roles include; fund accountants, compliance/AML, business analysts, project managers and product developers at all levels.

Vanessa Rohr, funds and banking operations team leader at Michael Page said: "This year has been an interesting challenge in that we have seen a rise in temporary and contract staff as well as the requirement for experienced senior managers. The once readily available talent is now harder to source for our clients and we are encountering a cautious employer market as permanent headcount sign off is more difficult to obtain. We are looking forward to an exciting 2012 as there are already indicators for growth in the New Year."

Michael Page in Ireland specialises in the recruitment of fund administration professionals, from entry to director level, across the country. For more information on banking jobs in Ireland, visit www.michaelpage.ie.

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