Credit Analysts – Many companies are putting high importance on cash flow. As a result we are seeing an increase in demand for Credit Analysts to investigate where businesses can quickly recuperate more money and how they can better handle key accounts and streamline collection procedures. With this we are seeing more and more need for credit candidates to have advanced Excel skills as data manipulation and analysis is becoming a vital part of the job.
High Volume Accounts Payable – There has always been high demand for candidates in this area. Whilst many have accounts payable experience, it is becoming increasingly important for candidates to be able to process over 150 invoices a day, undertake account reconciliations and process various payment runs on a weekly basis. We are also seeing demand for Senior Accounts Payable candidates with over three years experience in the resources sector and large ERP systems and foreign currency skills.
Candidates with accounting software skills – Employers are now looking for candidates who can hit the ground running when they start in a role, without having to spend time on training. SAP and Oracle are the key systems but as long as the candidate has experience with a large ERP system (i.e. JD Edwards and MS Dynamics) the skills are transferrable. These skills are especially in demand for temporary roles.
Accounts Clerks – An improvement in the economy and jobs market has seen Accounts Clerks looking for better opportunities in areas where they can develop their skills and experience. Candidates capable of doing payables, receivables and payroll functions are becoming more sought after as more combination roles are arising.
Payroll Officers – There is still a shortage of candidates with large payroll system experience. Payroll, Chris 21 and other large ERP systems are in demand in combination with high volume end-to-end experience. Collections requirements have been increasing across the consumer and commercial sectors.
Payroll Managers – There is an ongoing shortage of senior level candidates. As companies continue to grow and diversify, higher calibre candidates are required.
Assistant Accountants – The market might seem awash with Assistant Accountants, but those candidates that have over three years local experience in a particular industry, such as resources or engineering, and have confident communication skills are hard to source.
Bookkeepers – These professionals provide a cheaper alternative to paying external accounting fees and consequently more part-time options have recently become available.
Company Accountants – Company Accountants are required in the smaller business environment to ensure stability across financial functions. Company Accountants with a good operational understanding of the business and a very hands-on approach are considered highly desirable by general managers.
Financial Accountants – Employers are looking for low end hands-on accountants with good technical skills who are happy crunching numbers.
Management Accountants – Management reporting has become very significant as this function works to grow the business by capitalising on existing opportunities and looks to move the company into other areas. Hands-on candidates with the ability to understand and go beyond the numbers are highly sought after. In addition, employers are often looking for newly qualified talent who they can develop as part of a succession planning strategy or to bolster their team’s technical skills. Candidates who started their career in practice are also highly valued since they generally possess strong technical accounting acumen and adaptability to a range of different industries and sectors.
Cost Accountants – The manufacturing industry has a consistent need for accountants with product costing and inventory experience. It is essential for manufacturing businesses to constantly update and review cost models and prices in order to adapt to this challenging sector.
Business Managers – Stepping away from the standard Finance Manager role, Business Managers are highly sought when they have strong technical accounting backgrounds combined with general management experience.
Finance Managers – When experienced Financial Controllers with a wealth of experience look to step down into a Finance Manager role they are sought after as their expertise is highly valued.
Business Analysts – Employers are increasingly looking for Analysts with strong stakeholder engagement skills to drive process improvements and cost savings. They often want Analysts with strong operational experience who can build relationships with non-finance staff. We are also seeing a need for Business Analysts with cost and labour experience to review current labour practices and contracts.
Commercial Analysts – Strong Commercial Analysts are sought to work across the business and specifically get involved in further areas like sales, logistics and projects. Employers in the FMCG and logistics industries in particular are aware of their costs and seek ways to become more efficient. Commercial Analysts with strong stakeholder engagement skills can drive process improvements and cost saving. FMCG companies are looking for candidates with proven experience in managing workloads within this fast paced and volume driven sector.
The qualified accountancy and finance market is seeing a general swing back into positive territory. Many organisations are recruiting roles that they have been covering internally. Hiring freezes are lifting and employers are actively recruiting candidates who can add value to their organisation.
Analysts are in particularly high demand due to the commercial information they can provide that assists in high level decision making on commercial strategy.
Temporary support is sought for longer-term cover, to assist at end of month or year, or to trial a candidate before offering a permanent role.
In general, new jobs are being created and sentiment for this year is positive. The focus of hiring managers is on hiring a candidate who is the best fit for the organisation.
Employers are increasingly turning to recruitment agencies with long standing Consultants who know their market and are familiar with those who might be passively looking for work.
We expect that more positive sentiment around permanent recruitment will improve job flow this quarter.