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Salaries in the category

Economy, Finance, Accountancy

The salary range of employees working in Montenegro in Economy, Finance, Accountancy typically ranges from 4,536 EUR (low salaries) to 14,544 EUR (highest average, actual salaries may be even higher)

This is the total annual salary including bonuses. Salaries can vary drastically among different job positions. If you are interested in the salary of a particular job, please choose it from the list.

Net salary in category Economy, Finance, Accountancy
Salaries may vary by position, the value given is indicative.
80% of people earn:
4,536 - 14,544 EUR
10% earn less lthan 4,536 EUR
10% earns more than 14,544 EUR
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Salaries in the survey are expressed in gross.

Based on the Montenegro.paylab.com salary survey, 80% of people in the Economy, Finance, Accountancy category in the Montenegro earn between 4,536 EUR and 14,544 EUR annually gross.

10% of employees earn less than 4,536 EUR and 10% of people earn more than 14,544 EUR.

The survey is based on data from employees, cleaned of extreme and duplicate values.

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

Job position
Description of job position
Market 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.
5,400 - 12,720 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.
6,108 - 11,640 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.
6,576 - 12,828 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.
6,984 - 19,452 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.
5,400 - 9,564 EUR
Bookkeeper
  • Receiving, approving, and, when necessary, investigating client's accounts payable invoices.
  • Coding payables for accounts payable clerks to input.
  • Communicating (both in verbal and written form) with clients, client suppliers, vendors, and track of client assets.
  • Handling client mail.
  • Preparing appropriate schedules and reporting as requested by clients and partners.
  • Depositing accounts receivables into client bank accounts.
  • Handling client payroll.
  • Handling investments.
  • Receiving, reviewing, and posting broker statements.
  • Assisting accountants on tax return preparation.
  • Performing other duties as assigned from time to time by accountants or partners.
5,400 - 12,384 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).
6,516 - 28,200 EUR
Consultant
  • Analyzing customer needs and developing and presenting solution suggestions.
  • Performing customer/user training.
  • Analyzing legislative changes.
  • Providing phone and email support when completing the order.
  • Performing testing and documenting of program edits.
  • Ensuring Contract Service activity of the order.
6,660 - 21,060 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.
7,068 - 20,376 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.
5,400 - 14,376 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
6,588 - 18,792 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.
6,108 - 14,664 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.
6,216 - 18,636 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.
6,732 - 20,100 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.
6,048 - 21,576 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.
7,416 - 22,356 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
8,904 - 32,856 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.
5,400 - 12,480 EUR
Junior Statistician
  • Sorting and evaluating data.
  • Processing partial analyses.
  • Entering data into the computer system.
  • Checking the accuracy of data.
5,424 - 16,428 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.).
5,400 - 13,008 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.
6,468 - 17,964 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.
7,920 - 23,616 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
5,604 - 19,872 EUR

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