The job and salary of a consolidation & reporting analyst

Nearly every organisation has a finance team or at least an accountant. However, primarily large and publicly listed organisations also require a consolidation & reporting analyst. The number of vacancies for this highly technical financial profile increased by 6% last year, yet a career in consolidation is not an obvious choice for many finance professionals. 

Christophe Paquay, senior manager at Robert Walters, explains what makes this role so fascinating and what the salary of a consolidation & reporting analyst looks like. 

What are the main responsibilities of a consolidation & reporting analyst? 

Christophe: “Consolidation is a niche profession within finance and takes place at the headquarters level of a large organisation, where you work closely with the consolidation & reporting manager and the group CFO. 

As a consolidation specialist, you essentially combine, assess, and consolidate reported figures from various countries, entities, or branches according to applicable IFRS standards to ensure consistency and comparability. To achieve these figures, you maintain close contact with local controllers and finance managers. Once consolidated, the figures are presented to both internal and external stakeholders, such as banks or shareholders. 

Additionally, you are responsible for preparing primary statements and notes for the group’s semi-annual and annual reports while supporting ad-hoc financial projects. These could include explaining IFRS adjustments to local teams, improving reporting processes, or assisting local accountants in preparing and reviewing statutory accounts.” 

What education and skills are essential for a successful consolidation & reporting analyst?  

“Although it is possible to start with a bachelor’s degree, having completed a master’s programme gives you a significant advantage. This is a highly analytical role, so professionals with an audit or accounting background are ideal candidates for a career in consolidation. Often, senior auditors or audit managers from Big4 firms transition into roles as consolidation & reporting analysts because they have typically gained around five years of relevant experience – which is necessary. 

Of course, strong analytical skills are essential in this position. You need to be assertive and stand your ground when required. For example, if legislation changes, you must be able to explain this to management confidently and handle any discussions that may arise. This requires excellent communication skills and strong language proficiency since you will collaborate with various entities across borders. As this is primarily a stand-alone role, a consolidation & reporting analyst is expected to work autonomously while critically analysing figures with attention to detail without losing sight of deadlines,” Christophe explains. 

How is the demand for consolidation & reporting analysts on the Belgian job market?  

The demand for finance professionals continues to rise, and this trend applies equally to consolidation & reporting analysts. In 2025, there was a 6% increase in consolidation vacancies compared to the previous year, with a notable peak in June. 

Christophe: “One possible explanation for this could be that internal reports from each local entity are prepared and reviewed in January before being consolidated at group level. The board of directors then reviews the closure within six months. Once this busy period ends, we often see consolidation and reporting professionals inclined to seek new challenges. The fact that multiple vacancies appear online in June is essentially a delayed response to that busy period.” 

Is hybrid working possible in the role of a consolidation & reporting analyst? 

“In this role, you work within a large company. It’s a stand-alone position where you generally have the freedom to work from home whenever and as often as you wish. Large organisations’ headquarters are often located in Antwerp or Brussels where hybrid work policies apply. This is particularly advantageous for professionals from other provinces as they don’t need to commute daily,” says Christophe. 

What are the career progression opportunities for a consolidation & reporting analyst?  

“As a consolidation & reporting analyst, you immediately find yourself in one of the top layers within the group,” Christophe explains. “You work closely with local finance management and the CFO; everyone knows who you are, and you’re among the first to know what’s happening across all subsidiaries. Internal growth opportunities exist, especially if you aspire to lead the consolidation team. However, one major advantage of working in consolidation is that your acquired knowledge and skills make you highly versatile – opening doors to external opportunities as well. We often see experienced consolidation & reporting analysts transition into accounting-technical roles such as Finance Manager or even CFO within smaller organisations.” 

How much does a consolidation & reporting analyst earn? 

According to our annual salary survey, a consolidation & reporting analyst with 3–7 years of experience can expect a gross monthly salary between €4,500 and €6,500. For professionals with 7–15 years of experience in consolidation, the gross monthly salary ranges between €5,800 and €8,000. Those with over 15 years of experience can see their gross monthly salary rise up to €10,000. 

“This is an attractive salary package but what makes this job even more appealing are the numerous additional benefits such as a company car with fuel card, bonus schemes, mobile phone, laptop, insurance packages, meal vouchers etc.” concludes Christophe. 

More information

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