annual report - profile group · 2019. 12. 4. · profile annual report 3 but only for the medium...

Annual Report Annual Report Annual Report

w: www.profilegroup.co.nz e: [email protected] p: 03 929 0497

Profile Annual Report2

The Profile Group Annual Report .............................................................3

South Island Snapshot .............................................................................4

Top 5 Growth Industries for Canterbury ..................................................5

Canterbury Category & Discipline Breakdown .........................................6

2017 Senior Finance Salary Data ..............................................................7

2017 Accounts & Administration Salary Data .........................................8

2017 Public Practice Salary Data ..............................................................9

Summary Page .......................................................................................10

The Profile Team ....................................................................................11

Glossary of Services ...............................................................................12

Profile Annual Report 3

but only for the medium term. 2015/16 has seen high profile businesses significantly invest in the local Accounting and Administration labour market with the likes of Fulton Hogan, Farmlands, Synlait, ANZCO Foods and others centralising Corporate and Shared Services in Christchurch.

This, coupled with growing SMEs investing more into financial leadership, is creating a more dynamic market for our industry. We hope to see 2017 continue to build on this momentum.

As part of this report we include our most detailed salary data yet. This data is offered as a guide for businesses in Canterbury and the wider South Island, however, sizing a salary requires more than just a title and an indication of company scale and we offer free tailored salary advice across Public Practice, Administration and Senior Finance, so please get in touch with the relevant Recruitment Manager to discuss further – please see page11.

Andrew CopelandCommercial Director

• We offer a free service to any business looking for tailored salary advice across Accounting,

Administration and Senior Finance.

The Profile Group Annual ReportFirstly, I would like to thank you for taking the time to look at our 1st Annual Report. As you will probably have found, most industry focused labour & salary trends of this nature tend to have a more national focus. Our intentions are to provide a more detailed, Industry focused Snapshot, specifically across Canterbury and the wider South Island.

We would like to thank KPMG for contributing to our report and hope you find their insights interesting.

As everyone will know, the Christchurch/ Canterbury economic bubble has had profound effects on the labour market, but what has this specifically meant for the Accounting, Administration, Finance and wider commercial sector?

The events of 2011 created a wave of job losses, not just from smaller businesses, but also from large corporate and high profile businesses who opted to relocate their Head Offices and Corporate / Accounting services to Auckland, Australia and beyond. Longstanding Canterbury employers such as NZ Cricket, Holcim, Perpetual Trust and Postie Plus were just some of the many examples.

Construction and engineering firms have helped ‘plug the gap’ of job losses for Accountants,

equality in both candidate and client partnerships


South Island SnapshotThe reasoning and analysis behind job seekers and volume can often be challenging to offer a full definitive explanation, but factors such as economic growth/contraction, population growth/expansions and general investment from public and commercial sectors tend to be some of the key themes behind such figures and stats.

Canterbury leads the way for obvious reasons and holds a consistent pattern of averages. Marlborough and Otago demonstrate the steadiest growth with census figures suggesting between 4% and 5% growth in population respectively. General local economic performance also goes some way in explaining that also.

Southland remains the area of low growth for both Accounting jobs and job seekers. The potential loss and workforce contraction from one or two key businesses will continue to be a key theme for 2017.

Job Seekers by South Island Region 2014-2016

5000

2500

2000

1500

1000

500

0

10,000

20,000

30,000

40,000

50,000

2014

2015

2016

Southland Otago West Coast

Canterbury Marlborough Tasman

be challenging to offer a full definitive explanation, but factors such as economic growth/contraction, population growth/expansions and general investment from public and commercial sectors tend to be some of the key themes behind such figures and stats.

Canterbury leads the way for obvious reasons and holds

Southland

Otago

West Coast

Canterbury

Marlborough

Tasman


Top 5 Growth Industries for Positions and AppointmentsThe top 3 industry discipline split rings true across most strong local and national economies. The point of difference lies in the order. Auckland and Christchurch bare a similar theme whereas other towns and cities demonstrate differing breakdowns with IT, Accounts & Admin and Construction all at similar figures within the Wellington market.

Expect Accounting, Admin and general corporate services positions and appointments to draw closer to Construction in Christchurch as rebuild labour activity slows down and ‘Business as Usual’ continues to return.

Construction & Engineering

Accounting & Administration

Information & Communications Technology

Healthcare & Medical

Manufacturing, Transport & Logistics

2,485,000

1,649,000

1,039,000

931,000

914,000

developing careers for the

long term

Financial Accounting & Reporting

Financial Managers & Controllers

Assistant Accountant

Management Accounting & Budgeting

Analysis & Reporting

Systems Accounting & IT Audit

21.1%

24.3%

20.5%

20.5%

2.2%

11.4%

SeniorFinance


Account Officers/Clerks

Accounts Payable

Payroll

Accounts Receivables/Credit control

Inventory & Fixed Assets

Business Service & Corporate Advisory

Audit External

Taxation

Bookkeeping & Small Practice Accounting

Audit Internal

Insolvency & Corporate Recovery

Category Breakdown for Canterbury

Discipline BreakdownThe Qualified end of the Accounting labour market traditionally and consistently shows an equal and healthy split across most positions and appointments. Finance Manager and Controller appointments has increased a little from last year.

Public Practice year on year illustrates the same consistent pattern. There is a huge demand for BAS / PCS accountants, and there is no sign of this changing as the demand always outweighs the supply. Most major towns and cities across the NZ, Australia, and UK struggle with similar challenges within this area but Christchurch and the wider South Island remains more challenging than most to attract and retain talent within this area.

Accounts and administration is often more tricky to analyse with the Accounts Officers and Clerks taking over 57% of that end of the market. The explanation behind this lies in 2 areas; Firstly, the smaller more intimate size of the local Christchurch economy and the businesses that trade within it need and require more skilled generalists. Secondly, it’s easier for employers to generically categorise the role, as many of these vacancies and appointments with this title are often more similar to an AP or AR role – this is a great supporting example that the duties define the role, not the title!

Accounts and Administration

90.1%

4.2%

2.5%2.1%

0.8%0.3%

57.7%17.5%

11.6%

11.4%

1.8%

Public Practice

0 20 40 60 80 100

38.2% 37.3% 24.5%

Senior Finance

Public Practice

Accounts and Administration

Image: Christchurch Museum


2017 Senior Finance Salary Data

Small to medium sized Business

Large to medium sized Business

Large Business/Corporate

Assistant Accountant

Entry Level 48-55k 50-55k 50-58k

Intermediate 50-60k 55-65k 55-65k

Experienced 55-65k 55-70k 60-70k

Management/Financial Accountant




New/Recently Qual Accountant



Experienced N/A N/A N/A

Group/Senior Accountant

Entry Level 70-90k 80-90k 80-100k



Finance Manager

Entry Level 85-100k 90-110k 100-120k


Experienced 90-120k 100-130k 110-140k

Financial Controller

Entry Level 110k-130k 120-140k 130-150k


Experienced 120-150k 130-170k 145-190k

CFO

Entry Level N/A N/A N/A

Intermediate NA 190-250k 250-300k

Experienced NA 200-270k 300-400k

Commercial/Financial Analyst

Junior 70-80k 75-90k 80-100k



Systems Accountant /BA



Experienced 85-110k 90-110k

Small to medium sized Business

Large to medium sized Business

Large Business/Corporate

Accounts Assistant/Administrator



Senior 45-55k 50-58k 50-60k

Accounts Payable



Senior 50-60k 50-65k 50-65k

Credit Controller/Accounts Receivable



Senior 50-65k 55-65k 55-70k

Manager/Team leader N/A 60-70k 65-75k

Payroll



Senior 55-70k 60-75k 60-80k

Manager N/A 70-100k

Accounts Assistant




Receptionist

Entry to Senior 35-42k 38-47k 43-50k

Admin Assistant

Entry to Senior 35-42k 40-47k 45-50k

Team Administrator

Entry to Senior 40-45k 40-50K 47-55K

Senior Administrator

Entry to Senior 50-55K 53-60K 55-62K

Office Manager


PA/EA

Entry to Senior N/A 60-70K 65-75K

Project/Contract Admin


Image: Christchurch Art Gallery


Accounts Administration & Office Support

2017 Accounts & Administration Salary Data

committed to transparent service and

lasting relationships

Image: Worcester St and Montreal St sign


2017 Public Practice Salary Data

Practice/CAPractice Size 1-2 Partners 3-7 Partners 8+ Partners

Grad/Jnr. Accountant (0-2yrs) $38,000 - $43,000 $40,000 - $44,000 $42,000 - $48,000

Int. Accountant (2-4yrs) $43,000 - $58,000 $48,000 - $60,000 $48,000 - $64,000

Snr Accountant (4+yrs) $58,000 - $80,000 $64,000 - $80,000 $64,000 - $80,000

Assistant Manager N/A $80,000 - $90,000 $80,000 - $90,000

Manager $75,000 - $100,000 $85,000 - $110,000 $80,000 - $110,000

Senior Manager N/A $100,000 - 120,000 $100,000 - $120,000

Associate/Director $100,000 - $140,000 $120,000 - $140,000 $120,000 - $150,000

Junior Auditor N/A $40,000 - $46,000 $42,000 - $48,000

Auditor N/A $46,000 - $58,000 $48,000 - $58,000

Audit Senior N/A $56,000 - $74,000 $56,000 - $78,000

Audit Manager N/A $80,000 - $110,000 $80,000 - $120,000

Audit Director N/A 100,000 - $130,000 $120,000 - $140,000

Partnership Opportunities can differ in both salary and total remuneration, so we recommend talking to one of our Recruitment Managers for more detailed advice related to your role and practice dynamic

**All salaries from Senior Accountant and above are based on having full Accreditation to or Professional qualification from a recognised accounting body

This report includes our most detailed salary information to date. This data is offered as a guide for businesses in Canterbury and the wider South Island, however, the data is only a guide.

Sizing a salary requires more than just a title and an indication of company scale and we offer free tailored salary advice across Public Practice, Administration and Senior Finance, so please get in touch with the relevant Manager to discuss further.

Christopher Cluse Recruitment Manager Public Practice & Administration

Summary PageThe outlook for 2017 is one that will bring exponential change. Christchurch’s CBD is really starting to take shape with significant developments coming on stream. So what is driving this shift in momentum;

Infrastructure spend across the South Island continues to play a major role, not only as a result of recent earthquakes but also to support our growing tourism sector.

The primary sector continues to underpin a significant part of the economy. And, whilst global pricing challenges are still impacting many of our primary exports, there is significant sector activity to identify how we can capture more of the value chain and build operating models based on the end consumer. The emerging Sheep Milk industry is an example of this.

When mapped onto a rapidly changing and evolving business world, these opportunities generate economic activity and the pace at which this is taking place has never been greater.

With this in mind, over the next decade it’s likely we’ll see over 40% of businesses change hands and as such, succession planning needs to be top of mind for many organisations – it will become a critical factor to business success. Over the last few months we’ve seen a significant uplift in activity on prior years when it comes to assisting businesses prepare for and/or work through the transaction process as they prepare for and transition through change. When coupled with disruptive technologies having an increasing influence on traditional business models, businesses need to not only find their future leaders, but open-minded and courageous leaders that have what it takes help them navigate a constantly changing world.

Professional services is not immune to the impacts a changing world brings. The skillsets and service offerings we need to grow, flourish and constantly adapt continues to evolve and develop rapidly. More than ever, organisations are looking internally and externally for critical thinkers and solution finders across all business areas and it is crucial that they are not only adapting but also thinking ahead in terms of the future skillsets required. We are seeing this within our business. For example the biggest growth areas are in the consultancy and advisory space – in both larger organisations and private enterprises. Sector specialism such as the agri-food space, assisting businesses to develop a deeper understanding of the customer value proposition, and ability to manage organisational change are all becoming increasingly sort after skill sets.

Andrew Hawkes, Managing Partner, Christchurch Phone: +64 3 363 5600 Email: [email protected]

• KPMG are well placed to provide businesses with expertise in any of the areas mentioned

above. For more information please do not hesitate to contact me or any of the

KPMG team.


Christopher Cluse Recruitment ManagerDDI: 03 929 0761 | M: 022 0717 812 E: [email protected]

Functional Expertise: Assistant Accountant, Accounts Assistant, Accounts Payable, Accounts Receivable, Credit Control, Payroll, General Administration.Chris is also responsible for our Public Practice recruitment, covering the full spectrum of roles from Graduate to Partner level appointments.

Ronelle Bianchet Admin & Candidate Manager

DDI: 03 281 8597 | M: 022 4389 707 E: [email protected]

As well as ensuring the smooth running of the office day to day, Ronelle provides support to the business, working closely with candidates to ensure a positive experience.

Andrew Copeland Commercial Director


Functional Expertise: Business Analyst, Finance Manager, Financial Controller, CFO, Commercial Manager and Executive Appointments.

Natasha Anderson Recruitment Manager


Functional Expertise: Assistant Accountant, Financial Accountant, Management Accountant, Financial Analyst.

Jessica Teale Accounts Administrator


Jessica manages all invoicing and accounts for the business, balancing the books along with her family life.


The Profile Team

w: www.profilegroup.co.nz e: [email protected] p: 03 929 0497

Glossary of Services

MOJ checks, Credit checks, Role & Salary Sizing, Psychometric Testing (Contact us for a full testing list & pricing options)

Value Add Services

Assistant Accountant, Accounts Assistant, AP Manager, Accounts Payable Clerk, AR Manager, Accounts Receivable, Credit Manager, Credit Control Officer, Payroll Manager, Payroll Officer, Office Manager, PA/EA, Administrator, Receptionist

Accounting and Office Support

Management Accountant, Financial Accountant, Assistant Accountant, Systems Accountant, Financial Analyst

Qualified

CFO, Commercial Manager, Financial Controller, Finance Manager

Senior Finance

From Graduate to Partner level across; Business Advisory, Audit, Tax, Corporate Finance, Business Recovery & Consulting

Public Practice

Contingent Recruitment / Executive Search & Selection / RPO / International Searches

(All services available for Permanent, Contract / Fixed Term and Temporary solutions)

Recruitment

annual report - profile group · 2019. 12. 4. · profile annual report 3 but only for the medium...

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