Business expansion & innovation driving employment

Niamh McCarthy 20.08.2018

The summer heatwave in Ireland isn’t over yet and the same could be said for the widespread heatwave of finance positions we are continuing to see in the Irish market this summer:

While summer weather conditions may have interrupted time to hire processes as more take unplanned leave, the demand for finance talent has seen no interruption. Read on for an overview of the Accounting & Finance jobs market, the most common roles placed by region, the highest paying placed roles and the most desirable skills and qualifications which are in demand for professionals at the moment. 

The summer heatwave in Ireland isn’t over yet and the same could be said for the widespread heatwave of finance positions we are continuing to see in the Irish market this summer:
Demand has remained consistent and widespread across a variety of industry sectors and has seen a strong balance between contract and permanent positions. Positions have been generated as a result of business expansion, new business developments, capital investments, new product development, innovation and business process improvement projects. Industry sectors with significant demand spikes have been Business Service Centres, Manufacturing, Pharmaceutical, Healthcare, Engineering, FMCG,  Tech companies, Aviation and Telecoms. 

The summer heatwave in Ireland isn’t over yet and the same could be said for the widespread heatwave of finance positions we are continuing to see in the Irish market this summer:

Demand is not restricted to one experience level but is widespread across the newly qualified to middle market of 5 years + post qualification experience with a steady flow of opportunities at the manager to senior management level. Senior leadership positions have remained consistent but not of the same demand levels which the newly qualified and middle market have experienced.

There has been an increase in demand for payroll across various sectors, from entry level Payroll Associates to experienced Payroll Specialists right up to Payroll Manager level.  Roles in demand have been for Irish and UK payroll as well as within EMEA and experience with internal payroll as well as in bureau are in demand.

Several positions come to market as a direct result of succession planning coming to fruition. Companies are now significantly investing more resources to retain and develop future talent.  There are professionals in roles for 2-3 years who are being promoted during the summer resulting in a domino effect within the team which means new talent is being sought for continuous succession planning.
 
The demand for finance talent is not exclusive to the qualified market.  There has been a significant demand at the transactional and specialist level requiring finance talent to support financial reporting and commercial finance teams as companies go through expansion and enter new markets. 

The greatest challenge posed to companies right now is the ability to attract experienced financial talent faster than their competitors. Companies need to promote what sets their vacant positions apart from a similar position in another organisation and how their particular position and company will make a difference to the individual.  The importance of investing in an Employee Value Proposition, employer branding and candidate experience strategy has never been more important as it is in the current market especially in regards to future proofing talent pipelines. 

In terms of hiring, the most active sectors overall during the Summer months were Business Service centres Manufacturing/FMCG, Pharmaceutical and Aviation.

Most in demand roles by region

  • Throughout Ireland the most frequent positions have been for financial accountants across a widespread of sectors from multinationals to FMCG, aviation, telecoms, tech, pharma and healthcare. Along with delivering on financial reporting requirements we have seen a demand for accountants with strong FinTech experience for process improvement projects as the two worlds of finance & tech move closer together. 
  • Second to the demand for financial accountants across Ireland there has been the demand for commercial accountants/analysts who have financial planning, business partnering and commercial experience to support businesses in making critical decisions in sales forecasting and planning, entering new markets, etc.
  • There has been a steady demand for finance managers throughout the summer and again across a variety of sectors. A premium is placed on finance managers who have managed teams through change, development of teams and strong business partnering experience.  
  • Fund accountants and financial reporters remain in strong demand across Financial Service sectors.  

The summer heatwave in Ireland isn’t over yet and the same could be said for the widespread heatwave of finance positions we are continuing to see in the Irish market this summer:

Highest Paying Roles - our teams have placed

Dublin

  • Head of Finance position placed at 130k
  • Multiple Financial accountants placed between 57k - 65k
  • FP&A Manager placed at 100k
  • Group Reporting Manager placed at 105k


Cork

  • Placed FP&A Managers in FMCG & Tech in Cork have seen the highest salaries during the summer with some senior roles having been placed at €110k to €140K
  • Financial Reporting Manager for Multinational at €70K
  • Financial Accountants with 3-5 years post qualified - highest €65K


Limerick

  • Finance Manager in the MidWest €90k basic salary
  • Financial accountants - Professional Services sector: €65k
  • Senior financial analyst - 5 years post qual:  €65


Waterford

  • Internal Audit Manager in South East €100k basic salary
  • Senior Management Accountant in South East €85k 
  • Management Accountant €65k


Skills and Qualifications

Financial Reporting has remained in strong demand across several sectors and those with additional business partnering or project experience are highly attractive. 

Financial Planning & Analysis has remained a skill set in demand as companies look to reduce risk and improve forecasting and investment decisions during expansions. 

Business Partnering  is a skill set that holds a strong premium in the market and all finance professionals should be seeking out to build experience in this area as businesses look to the finance function for more assistance in driving the business and critical commercial decision making. 

Management Accounting with proficiency in costing and analysis  is also in demand.  

If you are looking for an Accounting or Finance role - view jobs here

If you are looking for Accounting or Finance talent - you can get in touch at the details below:
 

Niamh McCarthy's picture
Director
nmccarthy@morganmckinley.ie