Salaries in the category

Economy, Finance, Accountancy

Salaries range for person working in Estonia in Economy, Finance, Accountancy is typically from 1,271 EUR (minimum salary) to 2,668 EUR (highest average, actual maximum salary is higher).

This is the total NET monthly salary including bonuses. Salaries vary drastically among different job positions. If you are interested in the salary of a particular job, see below for salaries for specific position.

Gross monthly salary in category Economy, Finance, Accountancy

Salaries may vary by position, the value given is indicative.

80% of people earn:

1,271 - 2,668 EUR

10% earn less lthan 1,271 EUR

10% earns more than 2,668 EUR

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What does the data in the graph mean?

Salaries in the survey are expressed in net.

Based on the Palgad.ee salary survey, 80% of people in the Economy, Finance, Accountancy category in the Estonia earn between 1,271 EUR and 2,668 EUR monthly net.

10% of employees earn less than 1,271 EUR and 10% of people earn more than 2,668 EUR.

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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List of positions in the Economy, Finance, Accountancy category and their job descriptions

Job position

Description of job position

Salary range

Accountant

Administering simple and/or double-entry accounting for the company.
Securing the proper and timely accounting of all issued invoices.
Proper recording of all entrusted accounting records.
Completing monthly, quarterly, and annual closings.
Completing tax declarations.
Preparing statements for the Statistical Office of the Slovak Republic.
Communicating with auditors, tax authorities, and other institutions.

1,145 - 2,238 EUR

Assistant of Auditor

Performing economic activities (with the exception of signing a written report on the results of provided audit services) under the direction of a certified auditor.
Checking financial statements of customers.
Managing audit documentation.
Managing the auditor’s assistant labour book.
Providing co-operation to the Slovak Chamber of Auditors in case of a quality audit concerning the performance of auditing services.

1,048 - 2,568 EUR

Assistant to a Tax Advisor

Performing economic activities under the guidance of a certified tax consultant.
Preparing tax opinions in the Slovak and/or a foreign language.
Calculating the income tax of natural and legal persons.
Preparing tax returns for the income tax of natural and legal persons, VAT, property tax, car tax and excise duty.
Registering taxpayers at the relevant tax authorities.
Communicating with the clients of the company and representatives of the tax administration.

1,197 - 2,168 EUR

Auditor

Verifying financial statements and annual reports of the external clients.
Checking for compliance with the legislation and accounting standards.
Communicating with accountants or other employees of the company in case of discrepancies.
Completing reports and recommendations based on the findings from an audit.
Notifying as to the potential risks, and proposing solutions to prevent them.

1,203 - 3,105 EUR

Billing Clerk

Issuing and processing of invoices, credit and debit notes.
Performing retrospective control of invoices and billing documentation.
Preparing documentation for invoicing and accounting.
Processing of travel orders.
Monitoring the payment discipline of customers, urging of late payments.
Cash management in domestic and foreign currency.
Communicating with customers and suppliers, solving possible discrepancies.
Recording and archiving of documents in accordance with accounting, tax and internal regulations.

992 - 2,053 EUR

Chief Accountant

Complex administration and management of accounting.
Processing monthly, quarterly, and annual financial statements.
Defining the accounting methods that are used in the company and participation in the creation of internal directives related to accounting.
Preparing materials that are used for reporting to a superior.
Methodology management of accounting and related processes pursuant to valid legislation.
Preparing materials for completing audit and rating assessments.
Managing a team of accountants (in large companies).

1,370 - 3,031 EUR

Chief Accountant Deputy

Assisting the Chief Accountant in overseeing the daily operations of the accounting department.
Preparing and reviewing financial statements, ensuring accuracy and compliance with regulations.
Managing accounts payable and receivable, including processing invoices and payments.
Conducting regular reconciliations of bank accounts and financial statements.
Supporting the budgeting and forecasting processes by providing relevant financial data.
Ensuring timely and accurate financial reporting to management and stakeholders.
Assisting in the preparation of tax returns and ensuring compliance with tax regulations.
Collaborating with internal and external auditors during financial audits.
Implementing and maintaining accounting policies and procedures to enhance efficiency.
Training and mentoring junior accounting staff as needed.
Addressing any accounting discrepancies and resolving issues in a timely manner.
Staying updated on changes in financial regulations and best practices in accounting.

1,085 - 2,379 EUR

Claims Specialist

Managing and processing the outstanding claims agenda.
Monitoring the payment of overdue receivables.
Contacting debtors by telephone, recovering due amounts.
Sending letters of formal notice and reminders to debtors and other participants in the supplier-customer relation.
Concluding agreements with debtors, negotiating deadlines for payments and repayment schedules.
Transferring unrecovered debts to bailiffs and mandate companies.
Contributing to the reduction of the total volume of unrecovered debts.
Identifying the contact details of debtors.

1,319 - 2,276 EUR

Controller

Auditing of financial information of one or more companies.
Monitoring of selected financial indicators (e.g. profitability, liquidity, etc.).
Analysing and interpreting variations encountered.
Compilation of reports and analyses for senior management.

1,669 - 3,182 EUR

Cost Accountant

Estimating costs of projects and/or products.
Providing support to senior management in deciding on future investments.
Collecting data and analysing factors affecting the final price.
Preparing overviews of project and/or product costs.
Cooperating with suppliers and members of other departments of the company.

1,145 - 2,510 EUR

Data analyst

Interpret data, analyze results using statistical techniques and provide ongoing reports
Develop and implement databases, data collection systems, data analytics and other strategies that optimize statistical efficiency and quality
Acquire data from primary or secondary data sources and maintain databases/data systems
Identify, analyze, and interpret trends or patterns in complex data sets
Filter and “clean” data by reviewing computer reports, printouts, and performance indicators to locate and correct code problems
Work with management to prioritize business and information needs
Locate and define new process improvement opportunities

1,379 - 2,899 EUR

Economist

Responsibility for the processing and managing the accounting agenda of the company.
Checking customer payment of claims and liabilities of the company.
Cash management in domestic and/or foreign currency.
Drafting and recording internal regulations.
Submission of proposals for cost optimization of the company.
Preparing and submitting monthly, quarterly and annual statements and reports.
Preparing economic documents, reports and analyses for the company's management team.
Tax return preparation.
Assisting the tax office employees with tax inspections.

1,412 - 3,157 EUR

Financial Advisor

Executing financial counselling on the basis of a written contract with the client about providing financial counselling.
Making personal financial plans.
Making contracts of providing financial services in the client's currency.
Charging fees to the clients for provided services.
Collecting and paying out cash.

1,297 - 2,748 EUR

Financial Agent

Completing financial inter-mediation on the basis of a written contract with the financial institution.
Presenting offers of representing financial institutions to the clients.
Providing free counselling and recommendations concerning insurances, loans, leasing etc.
Making contracts with clients.
Taking care of existing clients.

1,378 - 2,219 EUR

Financial Analyst

Forecasting, planning, and analysis of revenues, costs, gross profit, and expenses.
Preparing the calculations in accordance with inflation.
Evaluating the efficiency and financial return on major investments.
Analysing the current results compared to the forecast and planned objective.
Monitoring and evaluating the development in terms of cost as well as indicators of profitability and productivity in accordance with standard accounting statements (balance sheet, income statement, cash flow).
Preparing documents for the financial managers’ decision process.
Verifying the creditworthiness of bank customers when providing the investment and operating loans.
Cooperating with international teams.
Evaluating trends, dependencies, and changes in the financial situation of the organisation.
Designing measures for optimisation.
Creating financial models and writing reports.

1,550 - 2,799 EUR

Financial Markets Specialist

Finding and contacting potential clients.
Communicating with clients to determine their needs, expectations, and financial possibilities.
Monitoring the development of commodity prices on world markets.
Concluding oral and written agreements with clients.
Investing clients' own funds or funds entrusted to them in securities.

1,699 - 3,171 EUR

IFRS specialist

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

1,632 - 5,095 EUR

Invoicing and payment specialist

Performing invoicing for the client’s customers within a specified time period.
Defining requirements for clients.
Responsibility for the automatic and manual billing and solving all related problems.
Unsubscribing customers from the client’s billing system.
Daily communication with other departments within the company and sales managers.
Examining the possible differences between the invoices and the data entered into the client’s system.

1,267 - 2,276 EUR

Junior Accountant

Self-reliant solution of normal accounting operations in the scope of simple and/or double-entry accounting.
Solving more complex accounting operations under the supervision of a more experienced accountant.
Processing accounting transactions in an accounting program.
Processing documents for a senior accountant.
Responding to the less complex technical inquiries of clients and employees.

1,027 - 2,074 EUR

Junior Statistician

Sorting and evaluating data.
Processing partial analyses.
Entering data into the computer system.
Checking the accuracy of data.

1,064 - 2,549 EUR

Payroll Clerk

Processing and managing all payroll activities.
Completing annuity insurance records, archiving documents and records, and updating payslips.
Communicating and preparing documents and reports for Social Insurance Office, health insurers, and supplemental retirement insurance.
Monitoring legislative changes with their subsequent application to meet the company’s needs.
Preparing monthly payroll closing and reports.
Processing and checking attendance.
Recording and processing payroll deductions (meal vouchers, salary deposits, interest-free loans, other deductions, execution orders, etc.).

1,401 - 2,440 EUR

Reporting Specialist

Structuring and segmentation of reporting into a comprehensive reporting system
Implementation and compliance with company/group reporting standards and policies
Design of regular reports for managed areas at the request of line managers and other users
Creation of non-standard reports at the request of company management, line managers and other users
Cooperation on reporting for the parent company
Cooperation on reporting for state and regulatory authorities
Acquisition, control, editing and aggregation of data from various company data sources (e.g. CRM, operational systems – sales, production, logistics, financial accounting), advanced work with database tools
Development of information superstructure or information self-service over operational systems in the form of a management information system using BI technologies in cooperation with the information systems department

1,281 - 2,416 EUR

Senior Accountant

Self-reliant simple and/or double-entry accounting for one or more companies.
Performing more complex accounting operations requiring minimum guidance and control by the chief accountant.
Auditing financial statements, ledgers, and accounts.
Identifying unusual items, overdue items, etc.
Processing monthly, quarterly, and annual accounts.
Preparing and checking tax returns and VAT.
Processing records required by public authorities.
Training less experienced accountants in the department.
Responding to more complex technical inquiries of clients and employees.
Preparing reports for the company’s management or clients.

1,313 - 2,599 EUR

Senior Statistician

Responsibility for the precise definition of the subject, scope, and sources of measurement.
Self-reliant processing of single and periodical statistics.
Responsibility for selecting the most appropriate method for data collection and analysis.
Controlling the efficiency of the use of measurement resources.
Verifying the accuracy of information found.
Interpreting the data found in the form of reports, analyses, statistics, charts, graphs, etc.

Statistician

Checking the accuracy and completeness of statistical data.
Preparing documents for statistical surveys and analyses.
Monitoring the development of statistical indicators and identifying the causes of deviations from the planned parameters.
Processing comments and opinions on statistical results.

1,258 - 2,957 EUR

Tax Advisor

Providing advice in matters of taxes, levies, fees, tax proceedings of tax authorities and municipal authorities.
Completing expert opinions, instructions and recommendations.
Completing, verifying and checking the tax returns.
Attending to tax inspections, tax audits and similar specific projects.
Cooperating with a team of tax advisors in solving difficult problems.
Implementing the tax planning and optimising of tax obligations.
Representing clients in tax proceedings.
Attending to internal and external trainings.

1,017 - 6,114 EUR

VAT specialist

Preparation and submission of tax returns
Summary statements
Analysis, reporting
Tracking changes in the area of taxes and their interpretation and implementation in the company's systems
Cooperation on the creation and updating of the company's methodological instructions in the area of taxes
Collaboration on projects and process improvement
Communication with other institutions during audits, preparation of documents

1,152 - 3,135 EUR

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