Demand for accounting/finance personnel remains “hot”

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

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

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

“No longer justbookkeepers for their firms, accounting and finance professionals areregarded as business partners, skilled in areas of divesting andrestructuring businesses, developing financial models and analysingfinancial forecasts, as well as developing back office transactionprocesses that support cast flow and drive efficiencies in so manyareas,” the director said.

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

Len quoted the findings of an intensive survey conducted by ACCA in105 countries last March, in which nearly 70 percent of respondentsconsidered it very important for organisations to have a formalprogramme to develop the best financial talent.

Upto 75 percent of the respondents suggested that talent management was animportant component in addressing financial skills shortages prevalentin many organisations.

Navigos Group and ACCAjointly hosted a seminar “Accounting/Finance Talent in 2010” in Hanoion October 19 to update the most current trend and how best to recruitand develop accounting/finance talent in Vietnam .

The seminar brought together approximately 200 chief executiveofficers (CEOs), chief finance officers (CFOs), human resourcesdirectors 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./.

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