The accounting and finance sector is evolving rapidly in Newcastle, driven by technological advancements, increased regulatory demands, and the growing complexity of financial landscapes. As we step into 2025, several roles stand out as particularly sought-after in the region. This article explores these roles, their responsibilities, why they are in demand, average salaries, and the skills professionals need to thrive.
Public Practice Tax Accountants
Specialising in tax compliance and advisory, Public Practice Tax Accountants prepare and file tax returns, ensure compliance with regulations, and provide strategic tax planning.
With frequent changes to tax laws and increasing scrutiny from regulatory bodies, firms, especially SMEs and multinational companies, need experts to navigate complex tax structures effectively.
Average Salary: $80,000 – $105,000 per year.
Upskilling Opportunities: CA or CPA certifications are essential for career progression in this field.
Risk and Compliance Managers
Risk and Compliance Managers ensure that organisations adhere to financial regulations, mitigate risks, and implement policies to prevent fraud or misconduct.
Newcastle’s growing financial services sector and stricter regulatory frameworks have heightened the need for professionals who can manage compliance and minimise financial risks.
Average Salary: $140,000 – $175,000 per year.
Upskilling Opportunities: Certifications in governance, risk, and compliance (GRC) and courses on anti-money laundering (AML) are highly valuable.
Management Accountants
Management Accountants focus on internal financial processes, including budgeting, cost management, and performance evaluation. They play a critical role in ensuring an organisation’s financial health.
As more businesses adopt data-driven decision-making processes, the demand for professionals who can translate financial data into actionable insights is skyrocketing. Industries like manufacturing, tech, and professional services in Newcastle are particularly in need.
Average Salary: $95,000 – $115,000 per year.
Upskilling Opportunities: Gaining Chartered Institute of Management Accountants (CIMA) certification and enhancing data analytics skills can give candidates a competitive edge.
Chief Financial Officers (CFOs) & Procurement Specialists
CFOs oversee an organisation’s financial activities, including financial planning, risk management, and investment decisions. They are key members of the executive team.
As Newcastle continues to attract investment and foster business growth, experienced CFOs are essential for steering organisations through scaling, mergers, or acquisitions. Additionally, CFOs are increasingly expected to play a role in driving sustainability and ESG (Environmental, Social, and Governance) initiatives.
A growing trend in Newcastle is the demand for Procurement & Supply Chain specialists who work closely with CFOs and Finance/Commercial Leadership Teams. Procurement specialists secure materials and resources in the most cost-effective and timely manner, making them a crucial part of financial strategy and operations. Finding skilled procurement professionals in Newcastle has become increasingly difficult for organisations, adding to the demand for talent in this space.
Average Salary (CFOs): $200,000 – $250,000 per year.
Average Salary (Procurement Specialists): $100,000 – $140,000 per year.
Upskilling Opportunities: Executive leadership training, ESG certifications, and staying ahead of fintech and supply chain trends can position CFOs and procurement professionals as invaluable assets.
Financial Analysts
Financial Analysts are responsible for analysing financial data, creating forecasts, and advising businesses on investment opportunities. They work closely with management to shape strategies and make data-driven decisions.
With Newcastle’s expanding startup ecosystem and a surge in medium-sized enterprises, businesses are increasingly seeking experts to optimise their financial strategies and support growth. Financial analysts are also pivotal in assisting companies to navigate economic uncertainties.
Average Salary: $110,000 – $125,000 per year for mid-level professionals.
Upskilling Opportunities: Certifications like Chartered Financial Analyst (CFA) and proficiency in financial modelling tools such as Excel and Power BI are key to advancing in this role.
Payroll Specialists
Payroll Specialists manage payroll systems, ensuring employees are paid accurately and on time, and compliance with legal and tax obligations is maintained.
With hybrid and flexible work arrangements becoming the norm, companies are facing more complex payroll structures. Payroll Specialists with expertise in these areas are highly valued.
Average Salary: $65,000 – $85,000 per year.
Upskilling Opportunities: Familiarity with payroll software such as Xero or SAP and an understanding of employment law are key skills to focus on.
The demand for skilled accounting and finance professionals in Newcastle shows no signs of slowing down in 2025. Whether you are an experienced CFO or an aspiring Public Practice Accountant, staying ahead by upskilling and gaining relevant certifications is crucial to remaining competitive in the job market.
If you’re looking to make your next career move or need recruitment support for your team, Alan Kinder, Senior Consultant at GWG Recruitment, is here to help. Reach out to Alan on 0249 050 130 to explore opportunities in accounting and finance.
