Singapore Wants Accountancy and Finance Professionals With Shared Services Experience

Accountancy and finance professionals with experience within a shared services environment are in demand in Singapore, says recruiting experts Hays.

Shared services professionals, financial analysts, all-round accountants with SAP ERP system knowledge and financial planning & analysis professionals are all among the roles topping the Hays Quarterly Report list of skills in demand.

“There has been an increase in demand across commerce and industry for candidates with experience within a shared services environment,” says Chris Mead, Regional Director of Hays in Singapore & Malaysia.

"They are particularly sought after for the transition of, or managing of shared services. This highlights the growing trend within the region for right shoring and business model optimizing.”

According to the recruiter, graduates from top universities and with Big Four experience are highly sought after for finance roles within many multinational companies.

“These candidates tend to command above market salaries, move quickly and often have multiple offers on hand,” says Mead. “Currently we are seeing high demand for finance professionals in media, advertising, PR and IT Solutions.”

Contract and temporary candidates

The demand for contract and temporary candidates continues to increase in Singapore’s accountancy & finance jobs market.

“Accountancy teams are growing in size in Singapore and more businesses are turning to contract and temporary workers as they allow employers to fill a short-term staffing need or assist with special projects without the commitment of a permanent hire.

“Within commerce, employers are recruiting junior to mid level project accountants/controllers with project skills. Financial accountants at the mid to senior level who are flexible with good ERP experience are also sought.”

The recruiter says that within financial services, regulatory reporting and product control expertise is needed. “A number of boutique consultancy firms have entered the market recently, and are competing effectively with the top tier firms,” says Mead.

“In professional practice, internal auditors are in high demand given Singapore’s position as a regional hub, as are compliance professionals in response to increasingly stringent regulation and scrutiny in the financial services industry,” he said.

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