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Australia – Demand lifting for accountancy and finance professionals

03 February 2014

The qualified accountancy and finance jobs market has rebounded in Australia as the recruitment freeze lifts, with analysts the most sought after professionals, according to global recruitment firm Hays.

Susan Drew, Regional Director for Hays Accountancy & Finance, commented: “Many organisations are recruiting for accountancy roles that they had previously been covering internally. Hiring freezes are lifting and employers are actively recruiting candidates who can add value to their organisation.”

“New jobs are being created and more positive sentiment around permanent recruitment will improve job flow. Analysts are in particularly high demand because of the commercial information they can provide that assists with high level decision making on commercial strategy,” she added.

“Employers want business analysts with strong stakeholder engagement skills to drive process improvements and cost savings. They often want candidates 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.”

Ms Drew continued: “Meanwhile, strong commercial analysts are sought to work across the business and get involved in areas like sales, logistics and projects. Employers in the FMCG (Fast Moving Consumer Goods) and logistics industries in particular are aware of their costs and are looking for ways to become more efficient.  Candidates with strong stakeholder engagement skills are needed to drive process improvements and cost savings, and proven experience managing workloads in a fast paced and volume driven sector is also sought.”

“Credit analysts are also in high demand since many companies are putting 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 a vital part of the job,” Ms Drew explained.

According to Hays Accountancy & Finance, it’s not just the commercial sector that is busy hiring.

“Within financial services, risk and audit remain the focus as regulatory standards mature on a global scale. And within professional practice employers are ramping up their recruitment as demand for their services increases. Practices are focusing on candidate quality and are looking to recruit at the intermediate to senior level in particular. Practices are also keen to recruit professionals at the senior manager and director level who can support themselves with a significant fee base.”

“We are also starting to see an increase in temporary and permanent accountancy and finance vacancies across the public sector in order to improve internal reporting functions to better understand all aspects of an operation,” Ms Drew concluded. 

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