2017 was off to a slow start for senior level positions hiring across the Accounting & Finance sector as hiring managers waited for their approved hiring budgets and candidates for their bonus. The period after Songran saw an increased level of activities for senior management roles such as Financial Controller and Head of Finance.
From Songran onwards, we saw high levels of hiring across the market - senior finance roles were highly sought after in Q2 especially across the manufacturing and service space. In addition, we saw many niche specialist positions within Internal Controls, Supply Chain Finance, Internal Audit and International Tax were highly sought after across many sectors. There was a slow down in the number of commercial finance roles including FP&A managers or commercial analysts.
On the manufacturing side, as companies continue to work closely with regional headquarters in Asia and aim to be more efficient and dynamic, we saw an increased demand for expatriate candidates as the talent pool for strong costs controllers is quite small. Overall, candidates with strong English communication skills and MNC experience were highly sought after, and those with experience in cost accounting and plant controlling were in high demand as many companies continued to focus on driving productivity.
While local manufacturing companies were looking to grow their accounting & finance function, some MNCs opted to move its accounting and finance function to a shared services model or relocate positions overseas to China, Singapore, Malaysia, or India and this led to a decrease in demand for some transactional finance roles.
We expect hiring levels for niche positions within Internal Controls, Compliance, and candidates with activity based costing to remain high for the remainder of the year.
For more information about the Accounting & Finance sector, please contact Chris Russell at +66 2107 2561 or email@example.com.
Posted over 3 years ago