Accounting and Finance Industry Market Update Q3 2016
Accounting and Finance Industry Market Overview
Over the last three months our clients’ requests for qualified accountant CVs remains steady. Week on week our industry client base seeks our assistance on various finance opportunities. A noticeable increase in opportunities with indigenous companies and SME businesses is apparent, while recruitment for finance and accounting staff also remains consistent within our Blue Chip and Multinational clients.
The highest demand in Q3 was primarily for the following roles
• Newly Qualified Accountant
• Financial Accountant (2+ years PQE)
• Finance Manager/Controller
Clients’ preference for candidate backgrounds varies, some businesses request a practice trained background (e.g. Big 4 firm, Top 10 firm etc.), while another will consider industry-trained accountants.
When a qualified accountant, newly or experienced, registers with Lincoln, the ideal is to present a range of opportunities in order to meet our candidates’ career aspirations. Some favour an international or MNC organisation, while other candidates have a preference for SME businesses or an indigenous Plc. Our Consultants aim to meet the expectations of our candidates and partner with them on their career/employer choices.
Q3 of 2016 has certainly allowed our team to provide a range of company options and opportunities for accounting and finance candidates to review. Looking forward to Q4, there is a healthy demand for accounting staff predominantly within FMCG, Telecoms and Broadband, Consumer Services and Energy.
Accounting, Banking & Financial Services
2016 to date has been an extremely busy year for Lincoln Recruitment Specialists; clearly evident is the significant growth across Domestic Banking, Insurance, Funds and Aviation Leasing markets. Strong calibre candidates are consistently in demand, especially across the qualified accounting market.
Q3 of 2016 was a highly active quarter for accounting recruitment within Financial Services. Opportunities for newly qualified accountants and up to 5 years PQE are the most ‘in-demand’ roles. Management opportunities from €70,000 + are less, however there is some activity, noticeably within the Insurance market and more recently within the Domestic Pillar Banks.
The ‘In-demand’ job opportunities include:
• Financial Reporting Accountants and Managers
• Internal Auditors
• Statutory Accountants
• Financial Analysts
A noticeable rise in job market confidence continues, resulting in candidates now willing to consider a move where in previous years they wouldn’t have. Lincoln Accounting & Finance Consultants anticipate the remainder of 2016 will continue to be as active as earlier quarters, particularly within the job areas mentioned above.
Interim, Contract & Accounts Support
Typically nearing the end of a year, an organisation’s permanent headcount may have reached full capacity, and/or, the recruitment budget may now be fully exhausted. Therefore, hiring candidates on a contract or interim basis is often the route taken by clients at this time.
A ‘Fixed-Term’ Contractor provides a business with the seasonal support necessary to cover year-end, while also allowing candidates to build and develop their experience while awaiting a more permanent opportunity. Often a client company recruits temporary finance staff, which can then become a rolling contract and eventually a permanent position. Contracts are a useful option for a Finance Manager to see a candidate in action and gently introduce them to an established team.
During Q3 there were continued requirements for experienced Accounts Payable/Receivable staff, Accounts Assistants and Billing Analysts, both contract and permanent. Recruitment processes for such roles are often quick and skilled candidates could find themselves with an impressive new job offer within a week, two at most.
Our accounting and finance team are consistently ready and prepared to assist with accounting and finance hiring within your organisation. Please contact any member of our team if you need assistance with your recruitment at email@example.com / firstname.lastname@example.org or call 01 661 0444.