IFRS 17 Contracts

IFRS 17
UK

The following table provides summary statistics for contract job vacancies with a requirement for IFRS 17 skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited IFRS 17 over the 6 months to 8 June 2024 with a comparison to the same period in the previous 2 years.

6 months to
8 Jun 2024
Same period 2023 Same period 2022
Rank 588 667 761
Rank change year-on-year +79 +94 -87
Contract jobs citing IFRS 17 11 24 93
As % of all contract jobs advertised in the UK 0.025% 0.043% 0.11%
As % of the Quality Assurance & Compliance category 0.18% 0.32% 0.80%
Number of daily rates quoted 7 21 82
10th Percentile £551 £563 £488
25th Percentile £589 - £563
Median daily rate (50th Percentile) £600 £700 £609
Median % change year-on-year -14.29% +14.99% +5.87%
75th Percentile £688 £775 £744
90th Percentile £780 - £850
UK excluding London median daily rate - - £700
% change year-on-year - - +33.33%

All Quality Assurance and Compliance Skills
UK

IFRS 17 is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for quality assurance or compliance skills.

Contract vacancies with a requirement for quality assurance or compliance skills 5,946 7,543 11,643
As % of all contract IT jobs advertised in the UK 13.73% 13.54% 13.20%
Number of daily rates quoted 3,714 5,131 8,035
10th Percentile £280 £288 £297
25th Percentile £400 £413 £406
Median daily rate (50th Percentile) £510 £525 £515
Median % change year-on-year -2.86% +1.94% +8.42%
75th Percentile £625 £644 £625
90th Percentile £750 £750 £725
UK excluding London median daily rate £475 £486 £451
% change year-on-year -2.26% +7.76% +6.12%
Number of hourly rates quoted 421 250 310
10th Percentile £11.00 £13.29 £12.30
25th Percentile £13.18 £19.07 £16.50
Median hourly rate £23.00 £37.75 £28.12
Median % change year-on-year -39.07% +34.27% +33.88%
75th Percentile £48.75 £63.62 £50.00
90th Percentile £70.00 £77.73 £68.75
UK excluding London median hourly rate £18.99 £37.50 £22.29
% change year-on-year -49.37% +68.24% +6.14%

IFRS 17
Job Vacancy Trend

Job postings citing IFRS 17 as a proportion of all IT jobs advertised.

Job vacancy trend for IFRS 17 in the UK

IFRS 17
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing IFRS 17.

Daily rate trend for IFRS 17 in the UK

IFRS 17
Daily Rate Histogram

Daily rate distribution for jobs citing IFRS 17 over the 6 months to 8 June 2024.

Daily rate histogram for IFRS 17 in the UK

IFRS 17
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing IFRS 17 within the UK over the 6 months to 8 June 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
England +82 11 £600 -14.29% 11
London +65 9 £600 -14.29% 11
Work from Home +108 2 £525 -8.70% 4
UK excluding London +36 1 - -
Midlands +17 1 - -
West Midlands +8 1 - -

IFRS 17
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 2 (18.18%) Microsoft Excel
1 2 (18.18%) Spreadsheet
Cloud Services
1 3 (27.27%) Azure
1 3 (27.27%) Azure DevOps
1 3 (27.27%) Snowflake
2 1 (9.09%) Amazon CloudWatch
2 1 (9.09%) Amazon EC2
2 1 (9.09%) Amazon S3
2 1 (9.09%) AWS
2 1 (9.09%) GCP
2 1 (9.09%) Virtual Private Cloud
Database & Business Intelligence
1 4 (36.36%) Data Warehouse
2 1 (9.09%) Amazon RDS
2 1 (9.09%) Oracle Database
2 1 (9.09%) SQL Server
2 1 (9.09%) SQL Server Analysis Services
2 1 (9.09%) SQL Server Integration Services
Development Applications
1 3 (27.27%) Eclipse
General
1 11 (100.00%) Finance
2 3 (27.27%) Social Skills
3 2 (18.18%) Analytical Skills
3 2 (18.18%) General Ledger
3 2 (18.18%) Inclusion and Diversity
4 1 (9.09%) Manufacturing
4 1 (9.09%) Retail
Job Titles
1 4 (36.36%) Finance Manager
2 3 (27.27%) Data Modeller
2 3 (27.27%) Finance Project Manager
2 3 (27.27%) Project Manager
2 3 (27.27%) Senior
3 2 (18.18%) Analyst
3 2 (18.18%) Financial Analyst
3 2 (18.18%) Senior Analyst
3 2 (18.18%) Senior Financial Analyst
4 1 (9.09%) Administrator
4 1 (9.09%) Data Engineer
4 1 (9.09%) DBA
4 1 (9.09%) IT Manager
4 1 (9.09%) Oracle DBA
4 1 (9.09%) Senior Finance Project Manager
4 1 (9.09%) Senior Manager
4 1 (9.09%) Senior Project Manager
4 1 (9.09%) Senior Transformation Manager
4 1 (9.09%) Transformation Manager
4 1 (9.09%) Transformation Project Manager
Miscellaneous
1 3 (27.27%) Reinsurance
2 1 (9.09%) Clustering
2 1 (9.09%) Replication
Processes & Methodologies
1 6 (54.55%) Data Modelling
2 4 (36.36%) Analytics
3 3 (27.27%) Data Analysis
3 3 (27.27%) DevOps
3 3 (27.27%) Epics
3 3 (27.27%) Project Management
3 3 (27.27%) User Stories
3 3 (27.27%) Waterfall
4 2 (18.18%) ERP
4 2 (18.18%) Stakeholder Management
5 1 (9.09%) Asset Management
5 1 (9.09%) Business Forecasting
5 1 (9.09%) Business Intelligence
5 1 (9.09%) Conceptual Models
5 1 (9.09%) Contingency Planning
5 1 (9.09%) Data Engineering
5 1 (9.09%) Disaster Recovery
5 1 (9.09%) ETL
5 1 (9.09%) Performance Measurement
5 1 (9.09%) Planning and Forecasting
Programming Languages
1 2 (18.18%) SQL
2 1 (9.09%) PL/SQL
2 1 (9.09%) Python
Qualifications
1 1 (9.09%) ACCA
1 1 (9.09%) OCP
1 1 (9.09%) Oracle Certification
Quality Assurance & Compliance
1 11 (100.00%) IFRS
2 5 (45.45%) Solvency II
3 2 (18.18%) IFRS 9
4 1 (9.09%) Data Quality
4 1 (9.09%) QA
System Software
1 1 (9.09%) Oracle RAC
Systems Management
1 1 (9.09%) Data Guard
Vendors
1 3 (27.27%) Guidewire
2 2 (18.18%) Workday
3 1 (9.09%) Google
3 1 (9.09%) Oracle