Accounting & finance half year market update

Accounting and finance half year market update

After a sluggish start to 2019 the job market has seen increased volumes in available roles (relative to Q1), faster decision making in securing top talent and some senior movers offering executives further career opportunities in what is a still an opportunity short job market in general.

Rather than ‘value add’ attributes; progress in the hiring market leans more to ‘full value’ candidates. By this we mean that those skills which added value to the finance or accounting skill set in the past are now part of the minimum requirements of most roles.

Download a copy of the full Half Year Market Update for South Africa here.

Such demands are for commercially astute candidates versus regular financial reporting skills and roles include: Finance Business Partner, FP&A Analysts and Financial Analysts.

Specific ‘full value’ skills in accounting and finance include SQL and broader coding, VBA and Power BI. Demands extend to qualifications; with non-finance post graduate qualifications (MBA & Project Management) required or advanced additional finance qualifications like CIMA and CFA are highly prevalent.

Shared services (group wide reporting and operational) teams are being established across support functionality; especially finance. This is often creating larger South African presence while some larger corporates are moving the function offshore - India, Indonesia and Poland are popular destinations.

Demand for top EE talent has seen salary increases of between 10–15%, slightly down compared to movers in the first half of 2018. Other categories demanding premium salaries include: Specialists who demonstrate high levels of technical financial competence, industry knowledge and expertise in data, AI and BI.

Interestingly salary increases across all finance and accounting new job starters is considerably higher than internal salary increases (3–7%) which is pushing the market churn trends we started seeing a few years back even more. Professionals with one to eight years post qualified experience are moving more often than before.

Download a copy of the full Half Year Market Update for South Africa here.

To discuss these trends further, please contact Lance Maree, Director at Robert Walters South Africa, on +27 (0)11 881 2407 or lance.maree@robertwalters.com.

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