Jobs boost for Limerick as financial services firm announces new business unit

Alan Owens

Reporter:

Jobs: Richard Maguire, Lead Partner, Mazars Limerick with Mairéad Divilly, Payroll Outsourcing Partner, Mazars

Jobs: Richard Maguire, Lead Partner, Mazars Limerick with Mairéad Divilly, Payroll Outsourcing Partner, Mazars

FINANCIAL services firm Mazars has announced the creation of a new business unit in Limerick that will create 25 jobs.

The audit, tax and advisory company, which merged with local firm Maguire Caulfied Browne last year, has announced that it is creating a new payroll outsourcing business unit providing both domestic and international payroll in Mazars Limerick.

The new business unit will create up to 25 new jobs over a four-year period and Mazars is predicting "future growth in its Irish western seaboard operations - in line with increasing demand for payroll services".

Mairéad Divilly, payroll outsourcing partner, Mazars, said the company's ambition was "to become Ireland’s leading domestic and international payroll provider in the Mid-West of Ireland.

"Incoming regulatory changes such as GDPR and the implementation of PAYE Modernisation and Real Time Reporting, both of which will impact payroll operations and processing, will further the need for specialist expertise," she explained.

"The requirement for outsourcing is further driven by a shortage of specialised in-house payroll practitioners, which is compounded by a competitive recruitment market and the globalisation of businesses. At Mazars, we are well positioned to navigate these various challenges on behalf of our clients to ensure robust compliance and enhanced benefits across their business."

Richard Maguire, lead partner with Mazars Limerick, said he was "delighted to welcome the expansion of our existing Limerick office and broader capacity on the west coast of Ireland.

"Our continued growth is a testament to the attractiveness of the region for international investment and multi-nationals. Home to over 100 overseas companies, and with multi-nationals employing over 14,000 people, the potential of Limerick and the west is being recognised internationally.

"With a young population and programmes such as Limerick 2030 driving overall development, we look forward to future growth as an established member of the local and regional business community.”

The additional jobs will bring the total number of Mazars Ireland staff to over 400 in Limerick, Galway and Dublin, the company said.