January not only heralded a new year, but a new decade. While we were struggling to survive the summer heat in Auckland, the new decade has started off well with a significant number of new Accounting and Finance roles being advertised.
On top of that, we have a strong pipeline of positions right through the Accounting vertical, especially in the newly-qualified space to middle management levels.
All in all, this is positive news for Accounting and Finance professionals looking for a change or a new challenge in 2020.
On the demand side
We work closely with many leading businesses and what we are seeing right now is an ongoing level of comfort around change. They are investing in growth, creating additional roles, and there is no hesitation in replacing people when they leave.
Unusually there’s a spike in the number of Transactional Accounting positions being recruited at the moment. This is one area that will be affected by automation in the future, so a downward demand trend is expected. New Zealand does tend to be slower than other countries to adopt new technology and this might mean we don’t see a decline in this space as quickly as other parts of the world
There is ongoing demand at the senior level, and this is particularly the case for technical roles, such as Financial Controllers.
Across the board there remains a need for good, technically sound Accounting professionals.
On the supply side
The upward pressure on salaries remains, with top talent able to secure higher salaries than they were a year or two ago. Much of this is being driven by a shortfall in supply, which is even more pronounced at the newly post-qualified level.
Below is a selection of Accounting and Finance roles that we’ve recruited over the last few months, which will give you a guide as to what can be expected:
- Analysts – $70k – $80k
- Financial Accountants – $85k – $95k
- Group Accountants – $100k – $120k
- Strategy Analysts – $110k – $130k
- FP&A Managers – $125k – $160k
- Investment Managers – $130k-$150k
- General Managers, Finance – $150k – $200k
- Financial Controllers – $165k – 190k
- Group Financial Controllers – $180k – $220k
- CFOs – $250k – $350k plus
The 2019 year was our busiest yet since our inception over five years ago. Despite an uncertain economic outlook, business and consumer confidence picked up at the end of last year. GDP for the September 2019 quarter rose 0.7% while the official unemployment rate rose 0.3% to 4.2%.
So, what will 2020 hold?
The impact of Brexit, Coronavirus and ongoing trade tensions are among the factors that are contributing to an uncertain outlook at a global level.
While here at home, the property market in Auckland is starting to ramp up and let’s not forget that it’s also an election year.
These factors certainly point to interesting times ahead in the coming months. Nonetheless, it’s been a strong start to the year for Hunter Campbell and we expect demand for top Accounting and Finance talent to remain throughout 2020.
Want to know more?
If you’d like to know more about the Finance and Accounting market, contracting, salaries or you have any queries; please don’t hesitate to get in touch. We’re always happy to help.