Shortage of experienced finance managers
Finance managers are in demand due to:
- a shortage of people with the right skills
- strict immigration laws due to COVID-19, meaning employers having a smaller talent pool to choose from.
According to the Census, 13,386 finance managers worked in New Zealand in 2018.
A balance of technical and soft skills needed for the future
With automation becoming increasingly common, finance managers need to continue upskilling their technical abilities. This includes keeping up to date with new financial software, faster interpretation of big data, and analysing companies' operational performance.
Due to economic uncertainty and increasing automation, finance managers need to be adaptable to changing environments. This includes having strong leadership, decision-making and communication skills.
Types of employers varied
Finance managers usually work in the head offices of medium to large organisations.
Most finance managers work for:
- government organisations
- private businesses
- finance companies
- accountancy firms.