Top Outsourced Finance and Accounting Jobs

As a hiring manager or finance and accounting head, you’re undoubtedly aware of the challenges associated with finding top talent in your field. The global talent shortage, coupled with the increasing complexity of financial roles, has made it difficult to fill these positions with qualified candidates. 

This is especially true for businesses in the United States, United Kingdom, Australia, and Singapore, where competition for skilled finance and accounting professionals is fierce. That said, the Philippines remains one of the top destinations when it comes to outsourcing finance and accounting services. In this article, we’ll go through the top roles you might need to reach your targets along with the salary comparisons and savings you can yield when you offshore accounting and finance tasks to Filipinos.

Top Outsourced Services in Finance and Accounting

There is a wide range of finance and accounting roles that can be effectively outsourced. Here are some of the most common ones:

Accounts Payable

Accounts Receivable

This includes accounts receivable clerks, specialists, and credit and collections specialists handle invoicing customers, collecting payments, managing customer accounts, and credit and collections management.

Accounts Receivables Specialist Annual Salary in the Philippines
Philippines: USD 21,789
United States: USD 58,500

General Ledger Accounting

This includes general ledger accountants, bookkeepers, and financial accountants are responsible for recording and maintaining financial transactions, preparing financial statements, reconciling accounts, and closing the books.

General Accountant Annual Salary in the Philippines
Philippines: USD 24,335
United States: USD 78,000

Payroll Processing

This includes payroll administrators, specialists, and coordinators handle calculating and processing employee paychecks, managing payroll taxes, and ensuring compliance with labor regulations.

Payroll Manager Annual Salary in the Philippines
Philippines: USD 38,335
United States: USD 78,000

Tax Preparation and Compliance

This includes tax accountants, preparers, and specialists prepare corporate, individual, and sales tax returns and ensure compliance with tax laws and regulations.

Tax Accountant Annual Salary in the Philippines
Philippines: USD 26,880
United States: USD 84,500

Financial Reporting

This includes financial analysts, financial reporting analysts, and financial controllers prepare financial reports, such as income statements, balance sheets, and cash flow statements, and analyze financial performance.

Financial Analyst Annual Salary in the Philippines
Philippines: USD 25,608
United States: USD 84,500

Budgeting and Forecasting

This includes budget analysts, financial planners, and forecasting analysts develop and manage budgets, forecast revenue and expenses, and engage in financial planning and analysis.

Budget Analyst Annual Salary in the Philippines
Philippines: USD 24,335
United States: USD 78,000

Cost Accounting

This includes cost accountants, cost analysts, and cost controllers track and analyze costs and identify cost-saving opportunities.

Cost Accountant Annual Salary in the Philippines
Philippines: USD 24,335
United States: USD 78,000

Financial Audits

This includes auditors, internal auditors, and external auditors conduct internal and external audits to ensure compliance with accounting standards.z

Auditor Annual Salary in the Philippines
Philippines: USD 25,608
United States: USD 84,500

Treasury Management

This includes reasury analysts, treasury managers, and cash management specialists manage cash flow, invest surplus funds, and manage risk.

Treasury Analyst Annual Salary in the Philippines
Philippines: USD 24,355
United States: USD 91,000

Bookkeeping

This includes bookkeepers and accounts clerks record financial transactions and maintain accurate financial records.

Bookkeeper Annual Salary in the Philippines
Philippines: USD 21,789
United States: USD 58,500

Financial Analysis

This includes financial analysts, financial planning analysts, and business analysts analyze financial data, identify trends and opportunities, and support strategic decision-making.

Financial Analyst Annual Salary in the Philippines
Philippines: USD 25,608
United States: USD 84,500

Cash Flow Management

This includes cash flow analysts, cash management specialists, and treasury analysts monitor cash inflows and outflows and improve cash flow efficiency.

Cash Application Specialist Annual Salary in the Philippines
Philippines: USD 23,062
United States: USD 58,500

Revenue Recognition

This includes revenue recognition specialists, revenue accountants, and financial analysts ensure proper revenue recognition in accordance with accounting standards.

Revenue Accountant Annual Salary in the Philippines
Philippines: USD 23,153
United States: USD 78,000

Regulatory Compliance

This includes regulatory compliance officers, compliance specialists, and risk management specialists ensure compliance with financial regulations and standards.

Compliance Officer Annual Salary in the Philippines
Philippines: USD 28,153
United States: USD 84,500

Financial Consulting

This includes financial consultants, financial advisors, and business consultants provide financial advice and guidance.

Financial Consultant Annual Salary in the Philippines
Philippines: USD 30,698
United States: USD 91,000

Mergers and Acquisitions (M&A) Support

This includes M&A analysts, M&A specialists, and valuation analysts assist with financial due diligence and valuing businesses.

Merger and Acquisition Specialist Annual Salary in the Philippines
Philippines: USD 38,335
United States: USD 91,000

Collaborate with Top Outsourced Finance and Accounting Professionals

Outsourcing finance and accounting jobs can be a strategic decision that can help your business save time, money, and resources. By partnering with Penbrothers, you can access a pool of talented professionals who can help you achieve your financial goals.

Contact us today to learn more about how we can help you fill your finance and accounting roles quickly and efficiently.