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Demand for accounting/finance personnel remains “hot”

In Uncategorized on October 19, 2010 at 8:11 pm

Demand for accounting/finance personnel remains “hot”

QĐND – Tuesday, October 19, 2010, 22:14 (GMT+7)

Accounting/finance ranked third amongst the top five functions with the highest demand for executive positions during the first three quarters of 2010, reported Navigos Group.

Of the total demand for accounting/finance manpower, 25 percent was for finance managers and directors, 4 percent for finance controllers and demand for chief accountants and accountants was a substantial 38 percent and 33 percent respectively, according to a recent research carried by the leading and largest recruiting firm in Vietnam.

Navigos Group’s Managing Director Nguyen Thi Van Anh said, “The most recent monetary downturn was witness to the growing influence and control that chief finance officers and finance leaders have in guiding businesses through troubled times.”

“No longer just bookkeepers for their firms, accounting and finance professionals are regarded as business partners, skilled in areas of divesting and restructuring businesses, developing financial models and analysing financial forecasts, as well as developing back office transaction processes that support cast flow and drive efficiencies in so many areas,” the director said.

Le Thi Hong Len, Country Manager of the Association of Chartered Certified Accountants (ACCA), added that changes in the roles of professional accountants and the finance function itself are partly a consequence of the downturn, and partly an outcome of a growing recognition of the value that the finance function and professional accountants can add to an organisation.

Len quoted the findings of an intensive survey conducted by ACCA in 105 countries last March, in which nearly 70 percent of respondents considered it very important for organisations to have a formal programme to develop the best financial talent.

Up to 75 percent of the respondents suggested that talent management was an important component in addressing financial skills shortages prevalent in many organisations.

Navigos Group and ACCA jointly hosted a seminar “Accounting/Finance Talent in 2010” in Hanoi on October 19 to update the most current trend and how best to recruit and develop accounting/finance talent in Vietnam .

The seminar brought together approximately 200 chief executive officers (CEOs), chief finance officers (CFOs), human resources directors and managers from domestic and multinational corporations.

A similar seminar will be held in the southern largest economic hub of Ho Chi Minh City on October 21.

Source: VNA

Source: QDND