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Accountancy & Finance - Professional Practice

April - June 2014

Hotspots

 

Business Services Seniors - Competition with the commercial sector and higher salaries in commerce have led to a shortfall of candidates at this level for professional practice vacancies.

 

External Audit Seniors – The auditing profession can be demanding and involve long hours. Combined with the general shortage of candidates, demand is very high for suitable Auditors with solid Australian experience.

 

Insolvency – A challenging environment, with difficult clients and long hours has seen many insolvency professionals move out of this area. This leaves a severe shortage of candidates for the available opportunities.

 

Forensic Accountants – There are not a lot of firms specialising in this area, which means that there are not a lot of candidates who have trained in this area.

 

Intermediate/Senior Tax Accountants – While not a huge area of demand, the continued movement of candidates into other sectors has created some need for staff at this level.

 

Financial Advisory – Given the employment freeze in the Government sector, demand for the services of Chartered Accounting firms, particularly in financial advisory, has increased. As a result Seniors and Supervisors are needed.

 

Partners and Seniors – We have seen several instances of internal moves, which have opened up roles for future leaders.

 

Trends

 

Employers are increasingly turning to contract and temporary candidates as a method of covering work overflows and restricting headcount investment for the busiest periods. Temporary assignments also continue to be used as a method of trialling a candidate in a role before offering them a permanent position.

 

Audit job opportunities continue to follow the periodic nature of the audit season, with employers now responding to peaks by recruiting temporary candidates rather than adding a permanent team member.

 

Senior Accountants who have recently qualified remain in highest demand, since competition with the commercial sector is high. There are a number of highly experienced candidates on the market however the main focus is on employees who can process, bill and bring new business to a firm.

 

In general, employers are only recruiting experienced and top quality candidates who can hit the ground running. Client facing skills are very much in demand as employers lack the time and resources to train staff.

 

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