Senior Management and Senior Financial Accountants – Employers are looking for candidates with at least two to four years PQE and good system skills in SAP or Oracle, yet there is a shortage of such candidates in the market.
Financial and Management Accountants – As the market has tightened for more traditional financial and management accounting positions, employers are being very particular about the training and background of candidates under consideration. Employers are looking for Financial and Management Accountants who have been trained within the Big Four accounting firms as they value their technical skills and high quality training received, and believe that they can consequently add more value to the business.
Financial Analysts – Companies are looking to make savings and efficiency gains where possible, which is fuelling high demand for Financial Analysts.
Business and Commercial Analysts – There is continued demand for Big Four trained Business and Commercial Analysts within all industry segments, but predominantly in FMCG, manufacturing and pharmaceutical. A focus on efficiencies, cost and pricing review and the maximisation of revenue in demanding, tight-margin businesses is driving this demand.
Cost Accountants – Employers operating in the manufacturing sector seek Cost Accountants in order to make further cost gains.
Project Accountants and Management Accountants – Given the nature of Western Australia’s resources industry, Project Accountants and Management Accountants are in high demand.
Assistant Management Accountants – Employers are looking for part-qualified candidates in response to salary pressure, rather than recruiting at the qualified level.
Financial Modelling – Temporary assignments are available for candidates with advanced Excel and financial modelling skills in order to develop budget models and operational cost models.
Payrollers – Payrollers with a good level of experience are in short supply. We are seeing a consistent need for these candidates across all industries and employers are focusing on candidates who have worked in relevant industries and have exposure to awards, EBAs and employment arrangements relevant to their specific industry.
Credit Controllers – Candidates with full end-to-end experience including collections and legal experience are sought. Businesses are leaner and are looking to reduce their expenses and so seek these candidates for their recoveries and to maintain cash flow.
Accounts Payable – Candidates coming from larger, corporate environments and shared services functions are highly sought after by employers that require people who can deal with high volume processing. These candidates can be difficult to find as there are a limited number of organisations from which to gain this experience.
Assistant Accountants – Employers seek ambitious upcoming professionals who can complete data entry through to trial balance, in addition to administration duties. While there are a lot of available candidates, few have the necessary skills. This includes system skills such as SAP.
All-rounders – Following previous redundancies, businesses are looking for temporary candidates to cover a range of positions and duties. Typically candidates need to be team players and have skills in a range of areas including administration, accounts and purchasing.
Hybrid business/IT transformation roles
Looking ahead, we expect to see new jobs created within the area of business and IT transformation. This is the result of several factors. Firstly, business growth has resulted in the need to ensure infrastructure is in place so that an organisation can adapt to growth and make cost savings. It is also important for audit/compliance purposes, particularly if the company plans to become ASX listed or has been acquired by an overseas head office.
Others factors include the need to run back end processes efficiently for cost savings purposes, to automate processes to remove double handling which can result in human error, and in response to organisations becoming more environmentally aware.
There are also huge benefits to be gained by a business utilising their systems to full capacity.
These hybrid roles will act as a bridge between finance and IT. This will increase demand for Business Analysts, Finance Lead Analysts, and Process and Project Lead Analysts.
The need to support other departments in this process will also create demand for Supply Chain Analysts, AP Analysts, Credit Analysts and Payroll Analysts.
As a result of this move towards more automated processes, demand will fall for candidates with a more manual orientated mindset.
Another trend impacting today’s recruitment market is the preference for companies to recruit on a temporary-to-permanent basis in order to trial a candidate in the role.
Employers are increasingly selective and there is a focus at present on recruiting candidates with a Chartered or Big Four trained background. We are also seeing employers look for a broad skill set in order to gain the most value from new hires.
The majority of vacancy activity is the result of replacing departing staff rather than the creation of new roles. But now that the federal election is behind us, we expect new job creation to again commence.