The Financial Management Labor Market
The financial management sector encompasses various players, including internal financial units within companies and financial management companies that provide services to other organizations. Digitalization and automation have significantly transformed operations in the financial management sector. In addition to traditional accounting, there is a growing emphasis on interpreting and applying financial information and providing various advisory services.
Key trends in financial administration in recent years include:
- Automation and Agile Software: The use of automation and agile software, such as Robotic Process Automation (RPA) and Artificial Intelligence (AI), in routine tasks.
- Data Utilization: The growth of big data and its visionary utilization, including forecasting and future scenarios.
- Consultative Approach: A shift towards a consultative approach in financial advisory services.
- Continuous Process Development: The importance of continuously developing financial processes.
Recruitment in financial administration now requires a focus on career path planning and a consultative approach. Automation has replaced routine tasks, increasing the importance of data interpretation and business understanding. Professionals are increasingly interested in developing their roles or advancing within their organizations to more challenging positions.