16 May Hottest Roles for Accounting & Finance in 2022

For those looking to find their next career move in the world of finance or accounting, it may be difficult to know which direction to go. With the “Great Resignation” movement in full swing and a market shift on the horizon, employers are having to fight to find quality employees. Offering more or better benefits and better pay is becoming the norm in order to attract better candidates for open positions. Right now, there are several career paths in financial services that can be considered to be “hot” roles that are highly sought after. In this article, we’ll cover a few of the hottest roles in finance and accounting in 2022 and what makes them so attractive in this current market.

Overview of Finance & Accounting Job Market for 2022

According to the Bureau of Labor Statistics, the market for financial occupations is projected to grow about eight percent from 2020 to 2030, which is about average for all other occupations. The sector is expected to grow by adding about 750,800 new jobs. The median annual wage for financial occupations was just over $76,500 in 2021, which is over $30,000 more than the median annual wage for all other jobs.

Hottest Roles in Accounting & Finance for 2022

Here are some of the hottest accounting and finance roles for 2022:

Financial Accountant

Financial accountants manage a company’s financial accounts. They make sure all accounts are properly managed and distributed as needed. They analyze all aspects of a business, evaluate important financial metrics, and review and report the results to their superiors, like shareholders and executives. Many major business and financial decisions that companies make are based on the work and analysis of a financial accountant. Because of this, those accountants that work for large major companies tend to earn a significant salary.

Financial Analyst

A financial analyst manages people and businesses in making investments whether it’s through the stock market, bonds, or other investment opportunities. Financial analysts tend to be money experts. They analyze information from the stock market and annual reports to create plans for investing or not. These analysts engage with company leaders and individuals, writing reports and work with a wide range of people and financial institutions to help companies reach their investment or financial goals.

Another important responsibility for financial analysts is to evaluate past and current financial data, study economic trends, and to examine a company’s financial statements to determine its value. They will always evaluate opportunities to commit money for the purpose of generating a profit.

Controller

Controllers have a very crucial role for business accounting and must possess a certain set of skills. They prepare financial statements and reports that summarize and forecast a company’s activity and financial position. They can also be responsible for developing internal policies and procedures for an organization’s budget administration, credit and cash management, and other accounting functions. This role is expected to grow by 17% over the next 10 years.

Controllers will often oversee multiple financial obligations for their company. This includes preparing reports required by government agencies that regulate businesses. They oversee the accounting, auditing, and budgeting for their organization.

Financial Manager

A financial manager is responsible for the overall financial health of an organization. They generate reports and develop strategies to help meet the long-term financial goals of their company. They also help direct investment activities for an organization. Over the next ten years, this role is also expected to grow by about 17% in the finance industry, with an average salary of just over $134,000. This job growth is above average and faster than the overall average.

Financial managers spend the majority of their time analyzing data and advising senior managers on ways to maximize profits. Most of the time, they are advisors to top executives. They must have excellent knowledge of tax laws and regulations that are specific to the organization and the industry they are working in.

Budget Analyst

One of the most important accounting roles for a company is that of the budget analyst. They help organize a company’s finances, prepare budget reports, and monitor spending. They will regularly review financial plans for completeness, accuracy, and conformance with regulations and the company’s objectives. Budget analysts will use cost-benefit analyses to review financial requests, assess program tradeoffs, and explore other methods of financial funding.

Additionally, budget analysts have to provide technical analysis and communicate their recommendations effectively within the organization and with top executives. This includes explaining discrepancies and changes to an approved budget or spending plan. This requires excellent and thorough reporting and communication skills.

Management Consultant

Some management consultants, or management analysts, will work independently or with an organization. Their job is to gather and organize information about any problems that need to be solved or procedures that need improvement within an organization. They will also analyze financial data, including revenue, spending, and employment reports. They will recommend new systems, procedures, or even changes necessary within the organization.

They will often be hired or contracted to analyze a specific area of a company. This means it could be for their public accounting or their financial process. This requires very high analytical skills, since they help influence business decisions for an organization.

Scion Staffing can help you find your next accounting or finance role!

If you’re looking for jobs in finance or accounting, Scion Staffing can help you find your next big role! We have a team of industry expert recruiters that works for you to help you find the right role for your skills! Whether you’re looking for a direct hire accounting role or a contracted finance role, our professional recruiting team is always looking out for your best interests. Don’t stress about your career goals, Scion Staffing can help you reach your long-term goals. Contact one of our expert recruiters today or visit our website to start your journey to find your next accounting or finance role!