Posted on Wednesday 1 October 2014 by Ulster Business
First Minister Peter Robinson and deputy First Minister Martin McGuinness are pictured with Enterprise, Trade and Investment Minister Arlene Foster, Paul Terrington, PwC Regional Chairman, Stephanie Hyde, PwC Head of Regions and Chief Executive of Invest NI, Alastair Hamilton.
Business advisory firm PwC has announced the creation of 807 new posts at its Belfast base.
When filled, the total salary bill for the posts will reach £16m – an average salary of around £21,000 each – and the new workforce will be made up of 303 experienced and graduate accountants and the remainder a range of graduates hires recruited over the next five years.
The former will be working on a new PwC financial advisory service called My Financepartner and will provide analysis of financial transactions to provide management information for companies, while the latter will be focused on the establishment of PwC Augment, a pool of staff who can be seconded into PwC’s global client businesses to deliver specific assignments.
They’ll be working on various pieces of work including major transformation projects to acquisition and consolidation.
Paul Terrington, PwC regional chairman in Northern Ireland said the expansion has the potential to grow further.
“The My Financepartner business model takes PwC into a new segment of the business advisory market with the potential to be replicated beyond the UK. PwC Augment is a direct response to international client demand for high-level, multi-skilled in-house support.
“Both developments are in line with our strategy of identifying and developing innovative revenue streams to generate growth and have been initiated from within Northern Ireland. They are a testament to the leadership and entrepreneurial endeavour of our local team.”
And he said the decision to expand its Belfast office is a reflection of the availability of talent in Northern Ireland.
“Our decision to locate both these projects in Northern Ireland reflects our confidence in the high standard of the local graduate pool. Over the years we’ve benefitted from strong local talent, recruiting both accountancy graduates and graduates from other disciplines.”
Enterprise, Trade and Investment Minister, Arlene Foster agreed.
“These two significant projects could have gone elsewhere but were secured for Northern Ireland by the hard work of Invest NI and because PwC recognises the high calibre of graduates available here. Companies like PwC are key players in driving Northern Ireland’s continued economic growth.”