Busy quarter across the board for Accounting and Finance recruitment

Morgan McKinley 09.07.2018

Q2 was busy across both Commerce & Industry and Financial Services into Accounting and Finance, with candidates looking to advance their careers.

Accounting & Finance recruitment overview

Home Counties

2018 continued its trend of positivity, with a busy Q2. June was our best month of the year so far, but it is looking like hiring figures in July will improve significantly. We are not yet quite into the post-bonus period, so there will be an uplift in candidates seeking new opportunities. The retail sector seems to be one of the most competitive industries at present, with the demise of large retail organisations. Despite the struggles of the sector, there are certain businesses that are managing to break the mould, growing both revenue and profitability.

FS Perm London

There was an increased amount of confidence in Q2 across the market with a sharp rise in newly active candidates looking for a step up in their careers. Within Investment Banking, despite the offshoring of many transactional type finance roles, we have seen a surge in newly created roles across a number of different disciplines as Tier 1 banks ramp up their hiring for the year.

Accounting and Finance recruitment Q2 update

M&A continues to be at the forefront within Asset Management, which has caused restructuring and redundancies, however multiple funds continue to raise and launch new funds, which has resulted in many new fund specific accounting roles within private equity and real estate investments.

Most exciting roles seen throughout Q2

Home Counties

  • Finance Director/CFO opportunities are slowly filtering back into the market
  • Head of Finance - Shared Services specifically
  • System Accountant/Process Improvement positions on the rise as is System implementations or upgrades

The salaries for the above roles are trending upwards slightly, with certain industries really benefiting in comparison, whilst manufacturing salaries remain flat.

FS Perm London

  • Financial Controller £80,000 - £100,000 - Opportunities for Finance Managers to step up into a more senior role, understand the business from a group level and have more ownership over their finance function.
  • Finance Business Partner £75,000 - £85,000 - Stakeholder Facetime across the business and having an influence on how a company functions from a financial and commercial perspective. Acts as a stepping stone to Head of BP.
  • Regulatory Reporting AVP £65,000 - Due to the surge in regulation, this is one of the most relevant jobs in today’s accounting world. It offers the opportunity to become an SME within a specific area of your company.

Desirable skills sought after in Accounting & Finance applicants

Home Counties

ACA qualified continues to be in high demand for financial accountant or reporting roles, and Shared Service Centre finance experience is proving to be more popular in the current market conditions. Finance Business Partner experience with non-finance adds value, and newly qualified and finalist CIMA and ACCA candidates have been frequently requested by hiring managers.

FS Perm London

  • Strong IFRS experience, especially for newly qualified accounting roles and senior technical accounting positions
  • Candidates who have taken sole responsibility for improving processes and are tech savvy to some degree
  • Multiple front office stakeholder experience for senior Business Partner and FP&A roles
  • Specific derivatives knowledge for Investment Banking valuations roles

Predictions for the upcoming quarter

Home Counties

Q3 is likely to offer its own challenges with regards to the upcoming holiday season, with hiring processes taking longer than usual. Brexit is having minimal influences across our Home Counties and London - only time will tell whether this is going to change. The news is increasingly positive within the FS & Banking sector, and the growth of Q2 is anticipated to continue into Q3.

FS Perm London

We expect Q3 to be our busiest period of the year following on from a sharp increase in banking hires at the end of Q2. With Brexit restructuring plans slowing down, our clients are focusing on hiring experienced talent into their London teams and are happy to pay a premium for their skill sets.

Contributors to the Q2 Accounting & Finance recruitment update were:

Damien Barnett | Manager, Accounting and Finance (Surrey, Sussex & Kent) - 01293 523 400

Holly Bacon | Manager, Accounting and Finance (Thames Valley)  - 01753 201 460

Scott Grundy | Manager, Investment Management Accounting and Finance - 020 7092 0189