Israel’s economy has rapidly evolved into a high-tech hub, creating a growing demand for finance professionals across various sectors.
The finance industry in Israel includes banking, investment, insurance, and corporate finance, presenting a plethora of opportunities for job seekers.
1. Salary Overview of Finance Jobs in Israel
- Average Salary: The average salary for finance professionals in Israel ranges from ₪150,000 to ₪350,000 per year, depending on the role and experience.
- Entry-Level Positions: Junior roles, such as financial analysts and accountants, typically earn between ₪150,000 and ₪220,000 annually.
- Mid-Level Positions: Professionals with 3-7 years of experience can expect salaries ranging from ₪220,000 to ₪300,000.
- Senior Positions: Senior roles, including finance managers and directors, generally offer salaries between ₪300,000 and ₪500,000.
- Impact of Industry: Salaries may vary significantly based on the industry. For instance, finance roles in tech companies often offer higher compensation compared to traditional sectors.
- Benefits: Many employers in Israel provide additional perks, such as health insurance, transportation allowances, stock options, and performance bonuses.
2. Key Roles in Finance Jobs
Accountant:
- Responsibilities: Managing financial records, preparing financial statements, and ensuring compliance with tax regulations.
- Skills Required: Attention to detail, proficiency in accounting software, and strong analytical skills.
- Average Salary: ₪150,000 – ₪220,000 annually.
Financial Analyst:
- Responsibilities: Conducting financial analysis, forecasting future performance, and providing insights for decision-making.
- Skills Required: Strong analytical skills, proficiency in Excel, and financial modeling capabilities.
- Average Salary: ₪180,000 – ₪250,000 annually.
Finance Manager:
- Responsibilities: Overseeing financial reporting, budgeting, and strategic financial planning.
- Skills Required: Leadership, analytical thinking, and in-depth knowledge of financial regulations.
- Average Salary: ₪300,000 – ₪450,000 annually.
Internal Auditor:
- Responsibilities: Evaluating internal controls, conducting audits, and ensuring compliance with regulations.
- Skills Required: Risk assessment, strong analytical skills, and communication skills.
- Average Salary: ₪200,000 – ₪300,000 annually.
CFO (Chief Financial Officer):
- Responsibilities: Overseeing financial strategy, corporate governance, and risk management.
- Skills Required: Strategic leadership, financial expertise, and strong decision-making.
- Average Salary: ILS 600,000 – ILS 1,200,000 annually.
Audit, Tax, and Manager:
- Responsibilities: Managing audits, tax compliance, and ensuring regulatory adherence.
- Skills Required: Expertise in tax laws, auditing standards, and compliance management.
- Average Salary: ILS 300,000 – ILS 700,000 annually.
Director of Finance:
- Responsibilities: Leading financial operations, strategic planning, and risk management.
- Skills Required: Leadership, financial analysis, and strategic planning.
- Average Salary: ILS 500,000 – ILS 1,000,000 annually.
Investment M&A:
- Responsibilities: Managing mergers, acquisitions, and investments to fuel corporate growth.
- Skills Required: Financial modeling, market analysis, and negotiation skills.
- Average Salary: ILS 400,000 – ILS 900,000 annually.
3. Job Description of Finance Professionals
- Financial Analysis:
- Performing in-depth financial analysis to support business strategies and identify growth opportunities.
- Reporting:
- Preparing accurate financial reports that comply with Israeli regulations and international accounting standards.
- Risk Management:
- Identifying and mitigating financial risks to ensure organizational stability.
- Budgeting:
- Overseeing the budgeting process to ensure effective resource allocation and financial planning.
- Regulatory Compliance:
- Ensuring adherence to local and international financial regulations and standards.
4. Skills Required for Finance Jobs
- Analytical Skills: Ability to analyze and interpret complex financial data accurately.
- Communication: Strong skills for presenting financial information clearly to stakeholders.
- Technical Skills: Proficiency in financial software and data analysis tools.
- Attention to Detail: A meticulous approach to ensure accurate financial reporting.
- Team Collaboration: Ability to work effectively with other departments and stakeholders.
If you are looking for suitable job, please upload your CV or apply here: www.finjobhub.com
