Monday Market Share: Finance and Accounting Industry Insights

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Curious about how technology and market shifts are transforming the finance and accounting industry? In this month's 'Monday Market Share,' we had the privilege of sitting down with Austin Younglove, our Director of Sales at Blue Signal Search, who specializes in finance and accounting roles. Join us as Austin unveils the current trends, sought-after skills, and emerging roles that are reshaping hiring practices in the finance and accounting sector. From the increasing reliance on technology to the growing importance of Environmental, Social, and Governance (ESG) principles, this edition of Monday Market Share offers invaluable insights into navigating the intricacies of talent acquisition in this dynamic industry.

In this interview, Austin addresses these pivotal questions about finance and accounting employment trends:

  • What current trends in finance and accounting are significantly impacting hiring practices?
  • Given the evolving nature of the finance sector, what specific skills and qualifications are now most in demand?
  • What new or emerging roles in finance and accounting are companies most eager to fill in the current job market?

Read on for Austin’s insightful responses or watch the detailed discussion in the video below!

Trends Impacting Hiring Practices in Finance and Accounting

What current trends in the finance and accounting sector are significantly impacting hiring practices?

“The current trends impacting hiring practices in the finance and accounting sectors include increased reliance on technology and automation, which ultimately is shifting the focus of our clients towards candidates with strong digital skills. Specifically in areas like data analytics, AI, and blockchain.

Additionally, the growing importance of ESG principles is leading companies to seek professionals who can really incorporate these considerations into their financial strategies as well as their reporting. Remote work and flexibility have also become key factors, as we all know, which affects both the talent pool available to them and requires new competencies in virtual tools and communication abilities.

These trends are driving a demand for a blend of technical, analytical, and soft skills, and have ultimately reshaped the profile of the candidates our clients are seeking.”

According to Austin, the finance and accounting sector is experiencing a paradigm shift driven by technological advancements and the growing importance of ESG principles. Increased reliance on technology and automation has led to a demand for candidates with strong digital skills, particularly in areas such as data analytics, AI, and blockchain. Moreover, companies are seeking professionals capable of integrating ESG considerations into their financial strategies and reporting practices. Remote work and flexibility have also become key factors, necessitating proficiency in virtual tools and communication abilities.

In-Demand Skills and Qualifications for Finance and Accounting Jobs

Given the evolving nature of the finance sector, what specific skills and qualifications are now most in demand?

“Let's take the growth of US manufacturing and engineering as an example. We're seeing a significant rise in demand for accounting professionals that have an in-depth understanding of various types of costing methods.

Cost and project accounting as an example, as well as mid-market ERP implementation experience, such as NetSuite and Microsoft Dynamics. They're looking for really multifaceted skill sets, with the ability to communicate cross functionally amongst different groups within their organization and have exposure to a variety of reporting tools.

We do not see a heavy emphasis on advanced degrees, but we do see a frequent preference for folks with the CPA or CMA certifications, especially amongst the more advanced skills that we tend to place.”

In light of these trends, Austin emphasized the importance of multifaceted skill sets in finance and accounting roles. Candidates with expertise in various costing methods, project accounting, and mid-market ERP implementation are highly sought after. While advanced degrees are not heavily emphasized, certifications such as CPA or CMA are preferred, especially among candidates with advanced skills. Cross-functional communication abilities and familiarity with a variety of reporting tools are also essential for success in the field.

Learn More About Accounting Certifications to Advance Your Career

Emerging Roles in Finance and Accounting

What new or emerging roles in finance and accounting are companies most eager to fill in the current job market?

“Right now, companies are keen on filling roles that really cater to technological advancements and data driven decision making. Positions like data driven financial analysts and cybersecurity finance experts, both are in high demand, and ultimately reflect the need for skills and predictive analytics and financial data protection.

Additionally, the rise of sustainable business practices has spurred demand for ESG Reporting Specialists. Other emerging roles, like Blockchain Analysts, and AI Finance Specialists are really highlighting our clients and the industry shift towards incorporating tech into their business for enhancing efficiency and a majority of our leadership strategic insights. These roles show a trend towards specialization, not generalists, and place a heavy emphasis on technical proficiency and sustainability within our clients’ financial operations.”

Companies are eagerly seeking finance professionals who can leverage technological advancements and data-driven decision-making processes. Roles such as data-driven financial analysts and cybersecurity finance experts are in high demand, reflecting the need for predictive analytics and financial data protection. Additionally, the rise of sustainable business practices has led to increased demand for ESG Reporting Specialists. Emerging roles like Blockchain Analysts and AI Finance Specialists underscore the industry's shift towards incorporating technology for enhanced efficiency and strategic insights, emphasizing specialization and technical proficiency.

Explore More Emerging Roles in the Finance & Accounting Sector

Conclusion

In conclusion, Austin Younglove's deep dive into the finance and accounting sector offers a fascinating glimpse into how technology and market shifts are shaping job trends. It's evident that possessing specialized skills and adapting to industry shifts are pivotal for navigating the sector's changing landscape.

Blue Signal remains committed to facilitating growth within the finance and accounting realm, serving as the bridge between exceptional talent and leading companies in the industry. Whether you're aiming to advance your career or seeking top-tier professionals to bolster your team, our finance and accounting recruiting expertise is tailored to guide you through these intricate pathways. We're dedicated to connecting ambitious professionals with the unparalleled opportunities unfolding in finance and accounting. Get in touch to discover how we can support your success in this dynamic industry!

Learn More About Our Finance & Accounting Recruiting Practice

About Austin Younglove: Expert in Finance & Accounting Talent Acquisition

Meet Austin Younglove, a seasoned recruiting expert passionate about driving growth in the finance and accounting sector. With a knack for identifying top talent and deep industry knowledge, Austin specializes in connecting professionals with leading companies. His keen understanding of emerging trends and commitment to personalized service make him a trusted advisor for both job seekers and employers. Whether you're looking to advance your career or strengthen your team, Austin is dedicated to guiding you toward success in finance and accounting. Reach out today to start your journey with Austin!

Contact Austin Younglove

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Top 6 In-Demand Accounting and Finance Jobs for 2023

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Are you looking to stay ahead of the curve in the accounting and finance industry? With the sector expected to grow steadily in the coming years, now is the perfect time to identify the top accounting and finance jobs for 2023. According to the latest report from the U.S. Bureau of Labor Statistics (BLS), employment in financial activities increased by 23,000 in April, with gains in insurance carriers and related activities (+15,000) and in real estate (+9,000). To help you identify the most in-demand job titles, we have compiled a list of the top 6 accounting and finance jobs. In this blog, learn valuable insights from Ryan Walsh, an industry expert with over a decade of experience in financial services and a specialization in accounting and finance recruiting. By staying informed about the latest industry trends and following Blue Signal's expert advice, you can position yourself to attract top talent or take advantage of exciting new job opportunities in the field of accounting and finance. Furthermore, in this blog, we will provide a detailed overview of the current state of the job market and highlight the top 6 positions in demand.

Employment statistic for accounting and finance jobs in-demand for 2023 with image of finance team meeting in background.

Top 6 Accounting and Finance Jobs

  1. Financial Managers
  2. Credit Counselors
  3. Accountants and Auditors
  4. Financial Analysts
  5. Financial Advisors
  6. Compliance Officers

Financial Managers

Driving the financial success of organizations, financial managers hold a pivotal position in managing and optimizing financial resources. With their expertise in producing accurate financial reports, directing strategic investment activities, and developing long-term financial strategies, they are instrumental in steering organizations towards their financial goals.

Here's what you need to know about this in-demand accounting and finance job:

  • Financial Manager Qualifications: Typically, a bachelor's degree in finance, accounting, economics, or a related field is required, along with several years of work experience. Having a Master of Business Administration (MBA) degree may be preferred.
  • Common Industries: Financial managers work in various industries, including banking, insurance, and corporate finance departments.
  • Projected Growth Rate for Financial Managers: The U.S. BLS projects a significant 10% growth rate for financial managers from 2022 to 2032.
  • Salary: The median annual wage for financial managers is $131,710.

In the dynamic world of accounting and finance jobs, financial managers hold a pivotal role in ensuring the financial health and success of organizations. With their expertise in producing financial reports, directing investment activities, and developing strategies, they play a crucial part in achieving long-term financial goals. More than ever, organizations recognize the need for experienced financial managers to guide them through economic changes and maintain their financial competitiveness.

Credit Counselors

In the realm of personal and business finance, credit counselors play a vital role in helping individuals and organizations effectively manage their debts and enhance their credit scores. As economic uncertainty persists, the demand for credit counseling services is expected to increase in 2023.

Here's what you need to know about this in-demand accounting and finance job:

  • Credit Counselor Qualifications: Typically, a bachelor's degree in finance, accounting, or a related field is required, along with strong communication and problem-solving skills.
  • Common Industries: Credit counselors work in various settings, including nonprofit organizations, credit counseling agencies, financial counseling firms, government agencies, and consumer protection organizations.
  • Projected Growth Rate for Credit Counselors: The U.S. BLS projects a 9% growth rate for personal credit counselors from 2022 to 2031.
  • Salary: The median annual wage for credit counselors is $51,650.

With the ever-changing nature of the financial industry and the increasing emphasis on creditworthiness, the demand for credit counselors is projected to rise. As individuals and businesses seek expert guidance in effectively managing debts and enhancing credit scores, credit counselors offer invaluable strategies and support to navigate the evolving finance industry. By addressing financial challenges and fostering positive financial habits, credit counselors empower their clients to achieve greater financial stability and success.

Accountants and Auditors

In the industry of accounting and finance, accountants and auditors hold a critical position, safeguarding the integrity and compliance of financial records. With their meticulous attention to detail, they carefully prepare and examine financial statements, calculate taxes, and ensure strict adherence to laws and regulations.

Here's what you need to know about this in-demand accounting and finance job:

  • Accountant and Auditor Qualifications: Bachelor's degree in accounting or a related field. Strong analytical and math skills are essential. A Certified Public Accountant (CPA) license may be required. To further advance your career in accounting and auditing, explore the top accounting certifications that can provide specialized knowledge and demonstrate expertise to potential employers.
  • Common Industries: Accountants and auditors work in various sectors, including accounting firms, government agencies, corporations, and non-profit organizations.
  • Projected Growth Rate for Accountants and Auditors: The U.S. BLS projects a 6% growth rate for accountants and auditors from 2022 to 2032.
  • Salary: The median annual wage for accountants and auditors is $77,250.

With financial regulations evolving and an increasing emphasis on transparency, the demand for accountants and auditors remains strong. Their expertise in maintaining financial integrity and ensuring compliance makes them indispensable in the business world. With meticulous attention to detail and a deep understanding of accounting principles, these professionals play a vital role in safeguarding the accuracy and reliability of financial records.

Financial Analysts

Unlocking the secrets hidden within financial data, financial analysts possess the power to guide strategic investment decisions. Equipped with their keen eye for detail, they examine financial statements, market trends, and uncover industry insights, all to offer invaluable recommendations for your organization's success.

Here's what you need to know about this in-demand accounting and finance job:

  • Financial Analyst Qualifications: Bachelor's degree in finance, accounting, economics, or a related field. Strong analytical and communication skills required.
  • Common Industries: Banking, investment, insurance, consulting firms, and corporate finance departments.
  • Projected Growth Rate of Financial Analysts: The U.S. BLS projects a 5% growth rate for financial analysts from 2022 to 2032.
  • Salary: The median annual wage for financial analysts is $95,570.

Financial analysts are crucial in the field of accounting and finance jobs, particularly in today's unpredictable economic landscape. Their expertise in collecting and analyzing financial data empowers businesses to make data-driven decisions, navigate uncertainty, and effectively manage risk. As the demand for accurate financial insights continues to rise, the role of financial analysts becomes increasingly vital in driving strategic investment decisions. By leveraging their ability to unlock the secrets hidden within financial data, these professionals contribute significantly to the long-term success of organizations in the field of accounting and finance.

Financial Advisors

Financial advisors play a crucial role in guiding clients towards their financial goals by providing comprehensive advice on investments, insurance, mortgages, taxes, and retirement planning. As the demand for expert financial guidance continues to rise, the role of a financial advisor remains in high demand in the accounting and finance job market.

Here's what you need to know about this in-demand accounting and finance job:

  • Financial Advisor Qualifications: Typically, a bachelor's degree in finance, economics, or a related field is required, along with strong analytical and communication skills. Holding a Certified Financial Planner (CFP) certification is also preferred.
  • Common Industries: Financial advisors can be found working in various industries, including banking, investment, insurance, and accounting firms.
  • Projected Growth Rate for Financial Advisors: The U.S. BLS projects a 5% growth rate for personal financial advisors from 2022 to 2032.
  • Salary: The median annual wage for financial advisors is $94,170 per year.

With the financial landscape becoming increasingly complex, the demand for financial advisors continues to grow. Individuals and businesses are relying on the expertise of financial advisors to guide them in making informed investment decisions, planning for retirement, and maximizing their overall financial well-being. As the year progresses, the role of financial advisors remains essential in helping clients navigate the intricacies of the financial world and achieve their financial goals.

Compliance Officers

When it comes to maintaining legal and regulatory compliance, as well as upholding internal policies and procedures, compliance officers are the guardians of accountability within companies. With increased scrutiny from regulators and growing concerns about cybersecurity and data privacy, skilled compliance officers are in high demand in the field of accounting and finance jobs, expected to rise significantly in 2023.

Here's what you need to know about this in-demand accounting and finance job:

  • Compliance Officer Qualifications: Typically, a bachelor's degree in business, finance, or a related field is required. Knowledge of relevant laws and regulations, as well as strong analytical and communication skills, are essential for success in this role.
  • Common Industries: Compliance officers can be found in various industries, including banking, finance, healthcare, manufacturing, government agencies, and nonprofit organizations. The need for compliance is prevalent across different sectors.
  • Projected Growth Rate for Compliance Officers: The U.S. BLS projects a 5% growth rate for compliance officers from 2022 to 2032, which aligns with the average growth rate for all occupations. This indicates a steady demand for professionals in this field.
  • Salary: The median annual wage for compliance officers is $76,980.

It’s evident that companies in 2023 will increasingly seek skilled professionals to fulfill the crucial role of ensuring compliance with legal and regulatory requirements. With the escalating significance of cybersecurity and data privacy, organizations will rely on competent compliance officers to navigate complex landscapes and safeguard their operations. Stay ahead of the curve in the accounting and finance industry by recognizing the growing demand for compliance officers and the pivotal role they play in maintaining regulatory integrity.

Recap of the Top 6 Accounting and Finance Jobs

Top 6 accounting and finance jobs in a numbered list with a man working on finance in the background.

To recap, the accounting and finance industry is expected to experience steady growth in the coming years, with an increasing demand for top talent across various job positions, including accountants and auditors, financial managers, loan officers, financial advisors, credit counselors, compliance officers, tax professionals, risk managers, and investment bankers. By staying informed about the latest industry trends and pursuing the necessary education and qualifications, you can position yourself to take advantage of exciting new job opportunities in the field of accounting and finance.

At Blue Signal, we are committed to helping businesses and job seekers stay ahead of the curve in the accounting and finance industry. If you're looking for top talent or seeking to make a career move, our expert recruiters can guide you through the hiring process and help you find the perfect match.

About Ryan Walsh

Ryan Walsh is a Certified Public Accountant (CPA) with a decade of experience in the Manufacturing, Food & Beverage, and Financial Services spaces. He brings a deep understanding of these industries and technical expertise to his role as Vice President of Recruiting and Head of Client Development at Blue Signal. Specializing in finance & accounting recruiting, Ryan is dedicated to connecting companies with top talent and creating win-win scenarios for both parties. Learn more about Ryan’s recruiting expertise on his recruiter bio page. Contact Ryan today to fulfill your hiring needs in the accounting and finance sector.

Partner with us for your next hire.

Set up a free consultation with a recruiting manager. Tell us about your hiring need.

By submitting this form, you consent to receive communications from Blue Signal via phone, email, and conversational SMS. Message frequency varies. Msg & data rates may apply. Reply STOP to opt out or HELP for assistance. Visit Privacy Policy and Terms of Service.