There is some caution in the market but there is still a good level of accountancy and finance jobs available. Most notably, businesses are still hiring to support international expansion.
While some businesses are concentrating on streamlining to save costs and placing less emphasis on growing back office functions, firms focusing on international business are still recruiting. In particular, there has also been some notable growth within SMEs, particularly new media companies.
Most permanent vacancies are core accounting in nature and for junior level jobs – in particular, we are seeing demand for financial control and internal audit professionals. But we have been seeing a small volume of financial management and commercial accounting roles become available too. The increased emphasis on international growth is also leading to a rise in group-focused roles.
In financial services, regulatory accountants are being hired as firms continue to implement projects aimed at putting the necessary controls in place. Firms are also placing increased emphasis on providing decision-makers with high-quality management information – so if you have experience in this area, now is a good time to be looking for a job.
There is consistent demand for analysts – if you have strong business partnering and business analysis skills, you will be sought-after for these jobs. Due to increased amalgamation between SMEs, particularly in the media and advertising sectors, finance professionals with business transformation and change management skills are also in demand.
With banks concentrating on management information, you will be in demand if you have good business partnering skills, cost management abilities and stakeholder management experience within these institutions.You can also download the PDF for further news on accountancy skills in demand.
Most demand is for credit controllers and credit managers because these people can add value from a financial perspective. Accounts payable/receivable professionals and commercial analysts are also being hired. In the contract market, there is a high level of transactional vacancies available on temp-to-perm arrangements.
Pay for most roles, salaries have remained consistent but some accountants have been receiving higher than normal salaries. For example – if you are a credit controller, you will now be receiving a salary of £27-29k compared to £25-26k a year ago. Relevant sector experience is also commanding a premium in this market.
Search for accountancy jobs in commerce and industry and financial services in London and the South East, the Midlands and North West of England.