Insurance Senior Finance Manager Salary in Singapore

How much does an Insurance Senior Finance Manager earn in Singapore?

The salary level for an Insurance Senior Finance Manager in Singapore, according to a survey by Hays for 2010, ranges from SD$120K to SD$170K.

According to Hays, the Singapore Insurance Industry has remained fairly active throughout the year 2009. Job opportunities are bound to increase in the Insurance Market.

“Early to mid 2010 should see a significant increase in hiring activity. Experienced Senior Actuarial and Underwriters are still in high demand in Singapore. Staff retention remains a challenge for most insurance employers. Candidates typically move to other industries, including investment banking, where salaries are higher when directly compared.

Salaries remained relatively unchanged during 2009. Variable bonuses ranged from 10 to 20 per cent, decreasing slightly from recent years. Candidates are unable to negotiate a salary increase of more than 10 to 15 per cent when changing roles. Employers are unwilling to offer salaries above market rate. This has also led to a decrease in expatriate hires. Employers instead prefer to recruit local candidates with more realistic salary expectations.

The Asian economies will continue to grow so for candidates within the insurance market, or looking to enter the insurance market, 2010 will be a very good year for them. Insurance Investment products are also becoming increasingly complex, making insurance more exciting and attractive to candidates”.

From all of us at Singapore Business Review Magazine, good luck getting that Insurance Senior Finance Manager job or in getting a raise to the right Insurance Senior Finance Manager salary.

If you are looking for an Insurance Senior Finance Manager career in Singapore, make sure you check out our Human Resources news with tips from Singapore's top recruitment companies at https://sbr.com.sg/hr-education.

So what other salary survey 2011 results are available?

The same was also noted in another study conducted by the Manpower Employment Outlook Survey. “Jobseekers looking for employment opportunities in Singapore can expect a good start to 2011, with an increase in employment expected in the first quarter of the year. Overall, the net employment outlook for Singapore is +27%, improving five percentage points both quarter-over-quarter and year-over-year. One in three local employers across all sectors is expecting to see an overall staff increase over the next three months.

The finance, insurance and real estate sectors are anticipated to see the ‘most optimistic forecast since 2008’, where the net employment outlook is +39%.”

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