The finance and accounting industry has experienced steady growth ever since its birth. When the world faced many crises, the only industry that didn’t fade out from the scene was the accounting and finance industry. Thus pursuing a career in this field is always a wise decision. As long as money is involved, there will be no shortage of finance and accounting jobs. It is your chance to be part of a flourishing field and build a stable career for yourself.
With the introduction of the latest technologies and accounting softwares, there is a huge demand for finance professionals in the job market. Your qualifications and certifications will help you land your dream job with a handsome pay scale. Eventually, you can move up to management and senior-level positions with your experience.
According to a recent survey, more than 135000 jobs are awaiting finance and accounts professionals between the years 2020 to 2030. The figure is expected to go up by 7% by 2030. Most of these job vacancies are available because of retirement or switching careers. You will face intense competition for accounting jobs in MNCs and other big accounting firms. Employers prefer certified candidates over non-certified ones and draw a better salary.
Top Finance and Accounting Jobs for Professionals
Accounting is the backbone of every organization, without which no company can succeed. From entry-level to upper management positions, accountants have shown their presence in every possible manner. Accounting professionals are capable of building careers in finance, auditing, economics and administration in both private and public sectors. Keeping this in mind, let us look into the top accounting careers prevailing in the industry now.
The role of an auditor involves inspecting the company’s financial records and maintaining reliability and accuracy. Auditors are responsible for examining and organizing the company’s financial statements and ensuring they abide by the laws. They provide neat-practise advice to the management and ensure timely filing of taxes. Within the auditor, there are different roles- internal, external, forensic and government. The auditor in India draws an annual salary of five lakhs.
Information and Technology Accountant
The information and technology field is witnessing a massive demand for accountants. IT accountants are in charge of the company’s financial statements and records. Their role is to organize and report economic data. Accountants in the IT field need to be well-versed in accounting and technology. This job is suitable for persons who have excellent problem-solving skills and keeps a keen interest in technological solutions. IT accounts earn between 4 to 5 lakhs annually.
Senior Financial Analyst
Financial Analysts assess the financial health of a business and provide proper investment decisions to their clients. Different financial analysts have other jobs, making them the most flexible accounting jobs. Candidates interested in financial modelling, spreadsheet maintenance, data gathering, communicating with management and investors, developing an investment thesis and forecasting can apply for this job position. Financial analysts can draw an annual salary between 5 to 6 lakhs. Their pay scale will increase as they conquer higher positions.
Forensic accountants are the most in-demand and fast-growing accounting jobs in the enforcement law field. Forensic accountants dig out fraud and advise on the legal matters of the court using their auditing skills. Their job role requires them to be highly detail-oriented as judges, juries and attorneys will analyze their reports in court. The pay scale of Forensic Accountants is around 4 to 6 lakhs per annum.
The job role of a managerial accountant includes preparing and planning financial reports for internal employees and analyzing costs and profits. Their primary responsibility is to help the management make financially responsible decisions. Their tasks include overseeing the product process, forecasting, adapting operation and cost-based planning, enterprise optimization and incremental costing. Their annual salary ranges from 4 to 6 lakhs.
The controller is in charge of the accounting department at a company and supervises high-level financial strategies. Their job includes maintaining financial records, preparing general ledger, budgets, tax compliance, etc. If you desire to become a controller, you need to have experience in business forecasting and tax management. Their average salary is around 7 to 8 lakhs per annum.
Chief Financial Officer(CFO)
CFOs help the company to make appropriate financial and business decisions by assessing financial risks and opportunities, implementing revenue strategies, etc. CFO’s responsibilities vary from company to company. But certain areas like business strategy, performance, risk management and financial management are the same for all CFOs, and they need to excel in all these fields. Adding credentials like CPA, MBA or MSA to your name, no one can stop you from becoming a high-earning CFO. In India, CFOs have an average salary ranging from 8 to 10 lakhs annually.
The accounting world is flourishing daily, and there will never be a shortage of accounting and finance jobs in the industry. You may be a finance job seeker or an accounting professional who desires to switch work areas; whoever you are, landing your dream job is just a few clicks away. Register in SpotGiraffe, India’s Number one accounting jobs provider, and be part of an ever-growing industry. SpotGiraffe candidates are leading successful accounting careers in different parts of the world and are still returning to SpotGiraffe for better job opportunities. If an accounting job is your dream, then SpotGiraffe is your destination.