The CFO Innovation Shanghai Forum began today at the Renaissance Shanghai Yu Garden Hotel. Hays specialist recruitment, IBM, ACCA, and over 100 senior finance executives from a wide range of industries are attending the forum to exchange ideas about how to expand business responsibly, mitigate risk, adopt innovative financial practices, train future financial leaders, implement productive practices, and most importantly develop Chief Financial Officers.
Simon Lance, Regional Director of Hays in China, participated in a panel discussion on developing finance talents and talked about what new skill sets will be required of CFOs and other finance functions in China.
“Essential to helping businesses track and improve performance based on budget, forecasts, and expense control, these candidates are always in demand, particularly by large multinational companies,” says Simon, “FP&A Managers are also are in strong demand due to the restructuring, relocation, or expansion of many businesses in China.
“Internal Auditors are also sought due to more businesses currently focusing on strengthening their internal control and auditing functions.”
According to the latest Hays Quarterly Hotspots, out now and covering April to June 2013, pockets of shortages for specific skills remain in a number of sectors including accountancy and finance.
Internal Auditors, Accounting Managers, FP&A Managers, and Business Controllers are among the candidates in hottest demand this quarter, with China’s accountancy and finance sectors busy as ever, according to the Hays Quarterly Hotspots.
Additionally, Internal Control Managers, Business Controllers, and SSC Accounting Managers are also being sought as companies expand their business or restructure their teams. Accounting and finance professionals with strong analytical skills and strategic thinking are always sought, while tax and treasury remain areas of candidate shortages.
Given that such professionals are focused more on planning, management, and control and are looking at the whole picture of the company’s business, they are working closely with CEOs and Presidents. As a result, there will be increasing demand for professionals with commercial finance and industry knowledge.
An interesting trend is that many of the top financial and accounting positions in China are being localised, and it is definitely an advantage if executive level candidates have both international experience gained in a multinational corporation and some local industry background.
To find out why these A&F candidates are in demand, and the hot spots in other specialisms in the second quarter of the year, please go to www.hays.cn/en/report for details.
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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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.
Hays China operates four local offices in Shanghai, Beijing, Suzhou and Guangzhou. It is the local representative office for Hays plc, which is a global company with more than 7,800 staff operating from 245 offices across 33 countries.
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