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Salary data for country: Cayman Islands
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Economy, Finance, Accountancy

Salary for position IFRS specialist in Cayman Islands

Gross salary in Cayman Islands is
An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:
73K - 161K KYD
10% earn less lthan 73K KYD
10% earns more than 161K KYD
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Salaries in the survey are expressed in gross.

Based on the Paylab.com salary survey, 80% of people on the IFRS specialist position in the Cayman Islands earn between 73,146 KYD and 161,198 KYD annually gross.

10% of employees earn less than 73,146 KYD and 10% of people earn more than 161,198 KYD.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.
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What kind of work does IFRS specialist typically do

  • Responsibility for reporting according to international standards
  • Ensuring monthly closings (including IFRS, etc.); initiation of measures to optimize closing processes across departments
  • Processing of consolidated financial statements or preparation of documents for consolidation (including IFRS, etc.)
  • Compilation of statutory and managerial reporting (according to CAS, IFRS, US GAAP); implementation and compliance with group reporting standards and policies; reporting segmentation
  • Consolidation of financial statements and business combination, including resolution of problem areas (elimination of interrelationships, deferred tax, reporting and disclosure obligations)
  • Control of compliance with accounting rules in individual companies of the concern for the purpose of correct and verifiable consolidated accounting according to international standards
  • Support of specific areas (e.g. transfer pricing and documentation of transfer prices; cash pooling)
  • Preparation of documents for accounting and tax audits and communication with auditors

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The most common career path of an employee

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Position IFRS specialist in the labour market

In the salary ranking,
the job position takes

29. place

Women representation in position

n/a

Average age of respondent by position

n/a

703. place

Nursery School Teacher Assistant

Education, Science & Research

Salary group 1

16,426 - 41,708 KYD

30. place

Head of controlling

Management

Salary group 2

73,563 - 160,642 KYD

29. place

IFRS specialist

Economy, Finance, Accountancy

Salary group 2

73,146 - 161,198 KYD

28. place

Professor

Education, Science & Research

Salary group 2

66,528 - 170,676 KYD

1. place

Chief Executive Officer

Top Management

Salary group 3

111,040 - 291,295 KYD

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  • A breakdown of all monitored non-financial benefits
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Frequently asked Questions

Frequently asked questions and answers about the salary for the position IFRS specialist.

The total gross salary for the position IFRS specialist ranges between 5,625 KYD and 21,439 KYD per month. For an accurate comparison, we recommend checking your salary through the questionnaire on Paylab.com to get a more precise view of the salary, considering the region where you work.

The highest-earning employees in the position IFRS specialist have a total gross salary of at least 13,433 KYD per month.

10% of the highest-earning employees in this position have a total gross salary higher than 13,433 KYD per month, and 10% of the lowest-earning employees in this position have a total gross salary lower than 6,095 KYD per month. By participating in our salary survey, you will get an accurate comparison of your salary with the market average, considering the region where you work.

After working for 5 years, the position IFRS specialist earns 10,109 KYD per month gross.

You need to be well prepared for salary negotiations. During salary negotiation, we recommend focusing on the following aspects:
  • find out the current market value of the position – on Paylab.com you can check it for free and anonymously
  • highlight your experience and achievements – it is good to time the salary discussion well
  • expanded responsibilities – if you work beyond your role and assigned duties
  • prepare alternatives – if a salary increase is not possible, there are other options (bonuses, extra vacation, etc.)

The salary data comes from a pay survey where everyone can anonymously compare their salary with other employees working in the same position. We clean and process this data according to our methodology. For the position IFRS specialist, we currently have less than 20 verified respondents collected.