TAP Financial Update - ASX 200 Hits All-Time High
Welcome to The Andersen Partnerships Commercial Finance Update.
With the Corona Virus (Covid-19), bush fires and a tropical cyclone off the east coast dominating the headlines you can be forgiven for thinking that the Australian markets have taken a hit following massive levels of uncertainty. However, this has not been the case, following a strong start to the reporting season the Australian Stock Exchange (ASX) 200 has hit an all-time high!!
The ASX 200 has clawed its way to an unprecedented 7145.8 points eclipsing the previous record set 3 weeks prior proving the latest boom might have some legs. With Commonwealth Bank and Biotech giant CSL both providing strong numbers to kick off the reporting period, the market was able to overcome global uncertainty to deliver and restore confidence in the local market.
Jessica Amir, the Market Analyst from Bell Direct said a contributing factor was “Aussie earnings have been better than expected and the result is mirroring Wall Street which hit its own all-time high overnight”. Global markets are strengthening as fears over Corvid-19 are subsiding with full recoveries increasing and prevention slowing the spread with a disease professional predicting the epidemic could be over by as early as April.
On the back of the surging share market, a number of Aussie companies have set new share price records today, including Breville, Fisher & Paykel Healthcare, Magellan, Premier Investments and Shopping Centres Australasia. The Australian Consumer and Corruption Committee (ACCC) also approved a $15 billion dollar merger between two telecom giants TPG and Vodafone.
Traditionally in times of global uncertainty, we usually see a weakening in the share market in favor of tangible goods such as commodities. This hasn’t been the case, which is a good sign for the local economy showing resilience and confidence in local businesses. With this positive outlook and many Australian businesses now worth more than ever, recruitment in the finance space becomes paramount to ensure finance teams are able to keep up with growth and ensure the numbers being reporting and predicted are accurate.
As we all know, when market confidence is high the competition to secure top-end financial talent becomes paramount and increasingly harder. At The Andersen Partnership, we are constantly building our network of top finance talent, across all levels to ensure we can effectively support your permanent, contract or temporary staffing needs.
All our candidates have been interviewed by an Andersen Partnership consultant who can advise on technical ability, cultural fit, and salary level in relation to your business.
Please see a small selection of some excellent individuals that we’re currently working with detailed below - If you would like to review a full CV for any of the people listed below, or you’re looking for a particular skill set that’s proving hard to find, please contact me on 07 3224 9320 or [email protected]
Senior Financial Accountant | Second Mover! | Finance Manager | Manufacturing | Immediately Available
Outstanding second mover from big 4 (degree & CA) that is immediately available which is rare for a candidate of this calibre. They have 9 years audit experience in big 4 where they got to manager level and worked across a broad range of industries. They have 2 and a bit year of commercial experience (manufacturing) as a senior financial accountant where they excelled.
- 9 years in big 4 public practice
- Second Mover
- CA and degree qualified
- Outstanding profile
- Immediately Available
Financial Controller | Finance Manager | CFO | Director of Finance
Very intelligent and diligent senior finance candidate looking for their next opportunity. They started with 6 years audit experience in big 4 and has since held financial accountant, financial controller and CFO positions.
- ACCA and degree qualified
- 6 Years Big 4 Audit
- Large company experience
- Would be a great culture fit
- Available with 4 weeks’ notice
Group Accountant | Senior Financial Accountant | Mining | Relocating to Brisbane
I am working with an accountant looking to relocate from Perth with a very strong big 4 background. They have 12 years in public practice including 7 years big 4 and currently working for a large mining company.
- 12 years public practice
- CA and Degree qualified
- Strong mining and resource experience in both commerce and practice
- Relocating to Brisbane for Perth
Senior Internal auditor | Internal Auditor | Internal Audit Manager
I am working with a very solid internal audit candidate with significant experience in the resource sector. They are degree, CA and CIA qualified with 4 years big 4 experience and has since been working as a senior internal auditor. They are looking to bring their strong background into their next role
- Degree and CA accountant
- 4 Years Big 4
- Very rare profile in the Brisbane market
- 4 weeks notice
This is just a small selection of our current (qualified) candidates. We are also working with a wide range of Transactional Finance Professionals covering Accounts Payable/Receivables, Credit and Payroll. Please let me know if you would like further information on available candidates in these areas.
If you would like to review a full CV for any of the people listed above, or you are seeking a particular skill-set for any finance requirement, please contact me to discuss how we can assist to achieve the best result for your business.
Regards,
Timothy Evans
Consultant - Commercial Finance
Formerly – Walker Andersen
T: +61 (0)7 3224 9320
W: www.andersenpartnership.com
A: Level 11, 500 Queen Street, Brisbane, 4000
Auckland : Brisbane : Christchurch : Melbourne : Perth : Sydney