Jessica Fino 13 Sep 2017 11:15am

Accountancy vacancies in the City rise in August

Demand for accountants is on the rise in the City of London, a new job survey has found

Robert Walters’ City job index found that vacancies for accountants were up 34% in August, while temporary roles were up 22%.

This was more than the average percentage of jobs available in the City at 31%, although this figure was also up by 3% compared to July.

“City firms are continuing to show a robust attitude towards recruitment, despite concerns that uncertainty surrounding Britain’s departure from the EU would slow down hiring activity,” said Chris Hickey, Robert Walters chief executive.

He added, “Since the result of the referendum became known last year, rather than a decline in hiring we have seen a shift in recruitment strategies. In certain roles City employers are favouring contract professionals, ensuring that they have an agile workforce which can adapt to changing circumstances as Britain’s negotiations with Europe develop.

“Many firms have also moved towards favouring newly qualified finance professionals, or those with 1-2 years PQE (post-qualified experience) with the long-term aim of training and upskilling these staff. In particular, we have seen this strategy proving popular with firms looking to source regulatory reporting and financial accounting professionals.”

The recruitment firm said that there is a particularly strong demand for professionals with a regulatory specialism due to the ongoing regulatory pressure, with FRTB (Fundamental Review of Trading Book) in the market risk space and MiFID II driving demand for compliance specialists.

However, the report warned that the number of available roles is outnumbering the volume of jobseekers by 1.9 to 1.