finance jobs in demand are – Retaining and hiring new talent is one of the main problems that companies encounter, especially in departments such as finance . This is clear from the latest Global Financial Talent survey carried out by Deloitte company.
According to the study, 39% of finance executives admit to having problems finding qualified personnel and “almost unable” or “not able” to meet the demand for talent needed to run their companies. A problem that, according to 33% of those surveyed, will continue in the next three years and will even intensify . But he’s not the only one.
No qualified staff in finance departments
More than 300 financial directors and executives of finance departments of large corporations worldwide have agreed on the difficulty of ensuring the future generational replacement in their offices. In fact, only 40% of them believe that they will be able to find highly qualified professionals internally ; a conflict that is further accentuated in Asia and Europe.
For another 34% of the professionals surveyed, talent management has become their main concern within the company’s global strategy. The reasons behind this difficulty come, according to these experts, from the general idea that finance is a sector with little professional development or sufficient reward.
Although seven out of ten financial leaders claim to have a strategy to recruit new employees, the study reveals how ultimately this talent development does not correspond to the needs that financial organizations will have in the future . Behind this problem lies the lack of a real relationship between theoretical training and day-to-day work in a financial department.
What are companies looking for? The company’s focus is on turning executive into strategist who collaborate with the head of other department to drive the growth of the organization. Thus, you must stand out for ability to communicate with senior management, your participation in strategic planning and your leadership in implementation of financial systems and special projects.
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The four most demanded profiles in Finance
In relation to the Deloitte study, Forbes has also collected which are the most difficult professions in the financial sector to cover when the so-called “baby boomers” retire. The profiles most sought after by recruiters would be the following:
Controllers
They are responsible for controlling and supervising the economic and financial management of a company. However, they establish financial planning according to the objectives proposed by management to avoid possible errors. They analyze all the information on income and expenses of the different departments and manage their budget.
Tax advisors
They oversee tax returns and plan financial needs to meet them. Their job is to plan the entire financial year so that tax obligations impact the organization as little as possible. They ensure compliance with the established regulation or at least to avoid the corresponding sanctions.
Investment fund accountants
They are the ones who look for and examine what the next financial trends will be as well as the operations that they can carry out in the near future. They assess their costs and benefits and analyze the company’s financial reports in order to monitor the state of the organization’s assets and their fluctuations.
Analysts and appraisers
They are in charge of determining the value of a company in the market, either for purchase or sale. They must be experts with a global vision of economics, finance and accounting.
Given the booming profiles and the needs of the market, do you still not see the need to train in these professions? Now at IEBS we can help you become an expert in controlling and finance with the IEBSchool Master in Financial Management and Controlling .