Job prospects Finance Technician in Newfoundland and Labrador

Explore current and future job prospects for people working as a "finance technician" in Newfoundland and Labrador or across Canada.

Job opportunities in Newfoundland and Labrador

These outlooks were updated on November 29, 2023.

Prospects over the next 3 years

The employment outlook will be good for Accounting technicians and bookkeepers (NOC 12200) in Newfoundland and Labrador for the 2023-2025 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• Several positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

Computing skills are becoming increasing important for accounting technicians and bookkeepers due to the adoption of accounting, bookkeeping and taxation software. Bookkeeping work is also increasingly being carried-out in conjunction with a broad range of office administration-related tasks like payroll, reporting, procurement, etc., and, as such, individuals may require knowledge of other software packages and office procedures. Education is generally not a necessity, though employers will occasionally require some college or university education and job prospects are improved for individuals with a proficiency in using related software (for example, QuickBooks, SAGE or Simply Accounting).

Here are some key facts about Accounting technicians and bookkeepers in Newfoundland and Labrador:

• Approximately 1,500 people work in this occupation.
• Accounting technicians and bookkeepers mainly work in the following sectors:
  • Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 14%
  • Other retail stores (NAICS 44-45, except 445): 12%
  • Construction (NAICS 23): 10%
  • Provincial and territorial public administration (NAICS 912): 6%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 83% compared to 83% for all occupations
  • Part-time workers: 17% compared to 17% for all occupations
• 67% of accounting technicians and bookkeepers work all year, while 33% work only part of the year, compared to 56% and 43% respectively among all occupations. Those who worked only part of the year did so for an average of 42 weeks compared to 40 weeks for all occupations.
• 13% of accounting technicians and bookkeepers are self-employed compared to an average of 8% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 20% compared to 51% for all occupations
  • Women: 80% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 11% for all occupations
  • high school diploma or equivalent: 24% compared to 27% for all occupations
  • apprenticeship or trades certificate or diploma: 13% compared to 17% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 45% compared to 23% for all occupations
  • bachelor's degree: 13% compared to 14% for all occupations
  • university certificate, degree or diploma above bachelor level: less than 5% compared to 7% for all occupations

Breakdown by region

Explore job prospects in Newfoundland and Labrador by economic region.

Source Labour Market Information | Prospects Methodology

Labour market conditions over the next 10 years

Explore current and future job prospects for people working as a "finance technician" Accounting technicians and bookkeepers (NOC 12200) or across Canada.

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