Finance and accounting skills are still in high demand and pressures from overseas employers are intensifying domestic skills shortages. Financejobs.co.nz is seeing high numbers of newly qualified accountants accepting positions overseas in Australia and this is leading to severe shortages of mid-level professionals.
This AU exodus is a serious concern because the number of people choosing to study accounting has remained flat over the last decade and there are no known immediate changes to mediate this. There has not been an increase in the supply of qualified labour at a time when demand for finance skills has escalated.
The flow-on effect is intense competition for available candidates and this is putting upwards pressure on salary levels. Shortages are most prevalent at the junior and mid-levels, although the broader skills crisis extends across the entire finance industry.
From a New Zealand viewpoint, the highest levels of finance employment growth have occurred in Auckland and Christchurch.
Companies undertaking exploration projects and expansion plans are hiring finance and accounting staff to support growth. This is driving demand for financial accountants, management accountants and business analysts
Our Marketplace information
• Highest demand is for contractors with skills with financial analysis skills, business analysis skills in audit & tax.
• Chartered accountants from the Big 4 accounting firms with 3-5 years’ experience
are at a premium.
• At the senior end of the market, candidates with Asia Pacific experience are attractive to employers, specifically in the areas of change management, strategic review and internal control.
• High demand for mid-level financial accountants, management accountants,
business analysts and systems accountants which is reflective of similar shortages in the permanent jobs market.
Find Accounts jobs and financial management work via financejobs.co.nz the jobboard for NZ and AU