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Experience

Case Studies Based on Practical Experience

Building a Local Accounting Team for an ASX-Listed Company in Melbourne

Client Background

The client is a publicly listed company headquartered in Melbourne, Australia, operating in the finance and accounting sector. As a listed entity, the company operates under strict financial reporting and governance standards, which meant its internal accounting function needed to be built on strong technical capability from the outset.

The Challenge

The company needed to grow its accounting team, but with a clear condition: the team had to be based locally in Melbourne. This ruled out the offshore or remote hiring models many Australian companies use to manage costs. Instead, the client wanted employees working from their Melbourne office, fully embedded in the local team and culture. This meant competing directly in Australia’s tight local finance job market, where qualified accountants are in high demand and hiring timelines can stretch on for months if the search isn’t run properly.

The company also could not afford a slow, trial-and-error hiring process. Every open accounting seat meant added pressure on the existing team, delayed reporting cycles, and risk to the accuracy of financial records, a serious concern for a listed company.

Our Approach

Formix ran a dedicated local search built around three priorities: technical accounting competence, familiarity with Australian financial reporting standards, and genuine fit within the client’s existing Melbourne team.

We began by working closely with the client’s finance leadership to understand exactly what the accounting function needed — not just job titles, but the day-to-day realities of the roles: reporting deadlines, systems used, team structure, and reporting lines. From there, we built a sourcing strategy focused specifically on the Melbourne market, screening candidates for both technical accounting skill and the ability to work independently within a listed-company reporting environment.

Every candidate went through structured technical screening before being presented to the client, so the client’s leadership only spent time interviewing people who were genuinely qualified for the role. We managed the full process end-to-end — sourcing, screening, interview coordination, and offer negotiation — so the client’s internal team could stay focused on their existing workload instead of managing the hiring process themselves.

The Result

The client successfully built out its Melbourne-based accounting team entirely through Formix. The company avoided the inconsistency and delay that comes with piecemeal hiring, and strengthened its local finance function with accountants who could support day-to-day operations and listed-company reporting requirements from day one. The engagement also gave the client a recruitment partner they could return to as the accounting team continued to grow.

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