'High demand' for specialist accountants and finance professionals

Auditor
By Alec Mackenzie, CA Today

7 March 2016

Salary guide presents an optimistic outlook for specialist accountants and finance professionals seeking employment.

Accounting professionals with specialist skills are increasingly sought after in the job market, according to recruitment consultants Morgan McKinley.

Its recently published UK Salary Guide 2016 showed that while accounting and finance generalists saw limited growth in new openings last year – with recruitment focused on backfills and replacement hires – those who chose a specialisation such as regulatory reporting, product control and valuation or treasury were in high demand.

Roles within practice and commerce and industry saw an increase in job volumes due to improvements in the market and general economic confidence.

There is a heavy demand for qualified accountants coming out of practice and into commerce, Morgan McKinley said.

There was also a rise in permanent salaries at the mid-career level (newly qualified and above) in the region of 7–10%.

The accounting and finance recruitment market has rebalanced to where it was before the crash, with qualified accountants coming out of practice and into commerce heavily in demand.

Other highlights from the guide include a 180% increase on 2014 in the volume of vacancies at big to medium accountancy practices, and a growth in roles available within the environmental, social and corporate governance (ESG) and sustainable fund sectors.

These new opportunities also aren’t exclusively London-based. With a number of financial services firms relocating to the West Country, there is a need for accountancy and finance professionals in cities such as Bristol and Swindon.

Jon Carey, operations director at Morgan McKinley, commented: “The accounting and finance recruitment market has rebalanced to where it was before the crash, with qualified accountants coming out of practice and into commerce heavily in demand.

“During the recession, demand was focused on individuals who could pick up tasks quickly, whereas now both large and mid-sized companies are looking to hire candidates with future potential, with the ability to step into mid and senior-level management roles and will now offer towards the top of the salary bracket for this talent.

"It’s a candidate-driven market where it will not be unusual for jobseekers to receive several job offers. We have seen practices put forward conditional offers to candidates upon completion of exams, some almost six months in advance.”

Source: Morgan McKinley UK Salary Guide 2016

Topics

  • Accountancy

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