China’s accountancy and banking jobs markets are active, with demand particularly high for candidates in treasury and auditing roles given the emphasis on business cash flow management.
This is one of the findings of the latest Hays Quarterly Report, covering October to December 2012, which looks at candidate and employer trends while highlighting skills in demand.
“Given global economic conditions, the emphasis is on cash flow management with financing and investing critical,” says Simon Lance, Regional Director of Hays in China.
“This is therefore creating a demand for candidates in treasury roles. Internal Auditors are also in demand as more requirements come into place regarding compliance and multinational companies, in particular, are hiring for these roles to determine potential risks in their business.”
The Report also found that Finance Managers and Financial Planning and Analysis Managers are in demand due to growth in SMEs and newly-invested companies, which are looking for guidance in financial matters and to improve business performance. Financial Controllers are always in demand to ensure a business is profitable.
“As more businesses prefer their accounting staff to have business sense and conduct business analysis and controlling, Commercial Managers and candidates with business finance experience are also in demand,” says Simon.
High-level tax candidates, who are rare to find and hard to keep, are also in demand as these roles are always important for any business.
“In some project-based industries, candidates are required to have project accounting experience, which is fuelling demand for Project Controllers,” says Simon.
Meanwhile, the pace of development in Southern China in the banking sector is still strong and quite a lot of banks are expanding in this region.
“Employers in the region are advised, however, to be more open-minded in their candidate selection to deal with the shortage of local candidates,” says Simon.
The skills in demand in the banking sector include Commodities Traders as trading houses start to strengthen their business in China. Candidates in corporate finance operation are also sought as some of the banks are moving this function from Hong Kong to mainland China, while Relationship Managers are needed to drive business activity.
“But the banks are still cautious about lending given the current global market, which is fuelling the demand for risk and credit professionals with experience and expertise in the Chinese market,” says Simon.
“Compliance candidates are also sought after as banking is strongly regulated in China by the government and compliance is an area of great importance and constantly demands recruits.”
For the full Hays Quarterly Report, please go to www.hays.cn/en/report/index.htm
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Hays is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people worldwide.
Hays Specialist Recruitment (Shanghai) Co., Limited ("Hays China") operates across the public and private sector, dealing in permanent positions. Hays China’s eighteen specialisms span Accountancy & Finance, Banking, Architecture, Construction, Education, Engineering, Executive, Finance Technology, Human Resources, Hays Resource Management, Information Technology, Insurance, Life Sciences, Manufacturing & Operations, Oil & Gas, Property and Sales & Marketing.
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