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.
Financial Planning & Analysis (all levels-Financial Analyst/ Senior FP&A/ FP&A Manager)
During uncertain times, big decisions often need to be made quickly, efficiently, and in a timely manner, which means companies will be calling upon FP&A analysts to improve their agility and decision-making capabilities. Specifically, there is increasing demand for skilled FP&A analysts who can gather, interpret, and evaluate information which may influence future strategic projects and investments.
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.
Finance Manager (Controllership)
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.
When the economic outlook is unpredictable, companies must take extra care to monitor and respond to the changing risks they face from their everyday business activities. With the primary responsibility of maximising a company’s financial position, experienced treasury professionals will be sought-after to help companies manage working capital, funding and refinancing options, liquidity risks, credit and other financial risks, while also ensuring key business units are adequately supported.
Corporate Finance (Debt Financing)
There are several reasons why many companies are evaluating their financing options, such as mitigating the consequences of a temporary downturn in revenue, or to support timely strategic projects that might pay dividends in future. Corporate finance professionals with experience in debt financing are in demand as companies seek to make accurate and informed decisions around raising capital from investors to maintain a long-term trajectory of growth and expansion.
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.