The employment market has been significantly impacted by the Coronavirus pandemic, with many professionals being furloughed or made redundant over recent months.
The current climate isn’t all doom and gloom, however. Even as many companies re-evaluate and adjust their budgets, pivot their business/staffing strategies and revise revenue forecasts, it probably comes as no surprise that recruiting for finance roles remains relatively buoyant, given many finance professionals are regarded as key to helping businesses recover both during- and post-pandemic.
Here’s an overview of some of the most in-demand finance positions in the current employment market.
Managing financial records accurately has always been crucial for companies, but transparency over company finances has entered the spotlight recently as leaders must be able to quickly understand the financial health of their businesses. Talented accountants who can ensure excellent financial record keeping and reporting within companies will be highly sought-after in the coming months as companies reshape and refine their strategies against financial goals. Changes to financial reporting because of COVID-19 are being cited by the International Public Sector Accounting Standards Board and could see increased demand for accountants and auditors across the public sector, as well as tax managers in the private sector.
With market forces potentially entering an unpredictable and changeable phase, companies that can obtain and leverage real-time, accurate business forecasts based on data will be able to make quick and responsive strategic decisions. With this objective in mind, hiring talented financial analysts will be crucial to helping business leaders interpret the implications of available data so they can model current and future scenarios in the race to staying competitive.
Financial leadership is key in today’s volatile market as the financial wellbeing of companies is not something that can be taken for granted in the coming months. Markets have changed and are likely to continue to change as companies navigate an unpredictable period of economic uncertainty. For this reason, financial managers are required to closely monitor the financial status of companies, strengthen communication with key stakeholders through regular and detailed reports, and develop realistic short and long-term financial goals.
With the primary responsibility of overseeing the work of accounting teams, companies are recruiting skilled accounting Managers who can demonstrate strong leadership skills and a willingness to take a more hands-on approach to day-to-day tasks. With teams becoming leaner in some companies, dynamic and versatile accounting managers are vital to the continuity of financial reporting duties, ensuring procedures are followed and carefully monitoring budgets and expenses.
Transparency and accuracy when it comes to company finances is crucial for taking steps such as expanding teams by hiring new staff, investing in new projects or even balancing the need to reduce headcount in business divisions. Consequently, hiring a skilled Financial Controller is a priority for companies that recognise the importance of closely and carefully managing transactions, from accounts receivable/payable and payroll through to operational costs.
Companies are also increasingly attracted to a flexible staffing approach, consisting of a mix of talented permanent finance professionals and project-based finance specialists. This staffing strategy allows organisations to build an agile team that is responsive to changing conditions without compromising on the required institutional knowledge and business-critical skills that will support the company through COVID-19 and beyond.
Whether you’re looking to hire on-site or remote staff, we got you covered. Our highly skilled, pre-vetted professionals are capable of working remotely from anywhere.