The Robert Walters 2017 salary survey shows that hiring levels were stable throughout 2016, with the trend towards offshoring and automation of certain functions continuing from 2015. The bulk of hiring was in regulatory accounting, policy and advisory and financial reporting, as employers continued to face pressure from regulators.
In 2017, we expect to see demand for candidates with strong process and controls experience, particularly CPA/CAs trained in major public accounting firms, and those with up to date knowledge of changing accounting standards, such as IFRS 9. Solid communication skills will also be highly sought after as the role of accountancy professionals broadens to include shaping policy and engaging with senior stakeholders.
With asset managers less impacted by regulatory pressure than banking, we expect to see many professionals migrating to asset management firms, particularly given the appeal of improved work-life balance and the more varied nature of the work.
What to expect
It is also possible that Toronto will see an influx of accounting and finance professionals from the US and the UK, depending on the impact of the American presidential election and the long-term impact of Brexit.
This will mean a more competitive market for candidates, with professionals needing to demonstrate exceptional communication and relationship building skills, alongside solid technical abilities.
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