From our experience hiring accountancy staff for SMEs and large multinationals, here are 5 key points to maximize the value of your partnership with an accountancy recruiter in Ireland in 2023.
1. We want to know about the job and your company inside out:
As professional recruiters, we strive to know everything about your company. This includes the size of the team the role is situated in, the company's founding details, the product or service provided, and future goals and plans. By sharing this information with us, we can effectively promote your company to potential candidates and attract the best talent.
Professional and credible recruiters should have a list of questions about the company make-up and culture before even asking for a job specification. If a recruiter does not look for the above information, make sure they are made aware of it as it will increase their ability to promote the company to potential hires. Our job is to sell this opportunity to our best accountancy candidates, so the more we know the better.
2. Have your accounts ready:
With finance roles the recruiter will be advising the candidate to review the financial accounts of a company as well as other standard information. These might not always be easily accessible so it’s a good idea to provide a soft copy of them to your recruiter to ensure that the candidates you meet in the process will be prepared for an interview and have an in depth knowledge of the financial standing of your company.
3. Streamlined CV Screening:
When we send you a candidate's CV, rest assured that we have already screened and interviewed them for suitability. To save you time, we use a cover sheet that highlights the most relevant information about the candidate, such as unique selling points, notice periods, upcoming holidays, and relevant skills. If you have a company cover sheet, please share it to further streamline the process.
4. Enhanced Interview Preparation:
It is extremely important to outline the format of the interview process and highlight any tests or unusual stages there may be so all candidates can be aware of what to expect. The more specific information you can “arm” your recruiter with (such as interview questions that may be asked), the better the candidates will be at interview.
5. No surprises at the end
We all strive for a seamless offer and acceptance process. To facilitate this, discuss the level of the role and the remuneration package from the outset. Your recruiter will have already spoken to the candidate about their current package and salary expectations. From here, be honest and transparent with your recruiter and let them know what you are willing to pay, any future potential changes (i.e. permanency etc.) and also all details of the offer. It is the recruiter’s responsibility to satisfy both parties.
If you have any questions about the recruitment process or if you would like to speak to an experienced consultant about hiring accountancy staff please email email@example.com or call (01) 474 4600
Posted by Recruitment Consultant on 29 May 2023
Securing Your Accountancy Interview: 8 Top Tips for Success
Securing Your Accountancy Interview: 8 Top Tips for Success
In today's competitive job market, acing an accounting interview requires more than just a strong resume. Employers are looking for candidates who not only possess the necessary technical skills but also demonstrate adaptability, problem-solving abilities, and a proactive approach to challenges. To help you stand out in your next accounting interview, we've compiled a comprehensive guide on showcasing your expertise and nailing those tough questions.1. Showcase Your Software ProficiencyIn today's digital age, proficiency in accounting software is non-negotiable. Familiarise yourself with popular software suites such as QuickBooks, Xero, or SAP. Highlight your ability to navigate these tools effectively, emphasising your experience in managing financial data, generating reports, and streamlining processes. Be ready to provide examples of how you've used these tools to enhance efficiency and accuracy in your previous roles. By showcasing your software proficiency, you demonstrate your adaptability and readiness to leverage technology for better accounting practices. Such skills are invaluable in ensuring accurate and efficient financial management, making you a valuable asset to any organisation.2. Analyse Financial StatementsBefore the interview, thoroughly review the company's financial statements. Demonstrate your understanding of their financial position and discuss how your skills can contribute to their growth. Demonstrating your ability to dive into complex financial statements and extract meaningful insights is crucial. Practice interpreting balance sheets, income statements, and cash flow statements. During the interview, discuss instances where you've identified trends, anomalies, or potential areas for improvement based on your analysis of financial data. Your capacity to understand the story behind the numbers will show your potential employers that you're more than just a numbers cruncher; you're a strategic thinker who can provide valuable insights for decision-making. Effective financial analysis is at the core of informed business decisions, and your skills in this area are indispensable for driving organisational growth.3. Sector and Client Turnover KnowledgeResearch the industry or sector your prospective employer operates in, as well as their clients. Understand the challenges and opportunities specific to that sector. Having a grasp of industry trends and regulations will demonstrate your commitment to providing tailored solutions and will also showcase your willingness to go the extra mile to meet the needs of your clients. By displaying your industry knowledge, you show that you're not just applying generic accounting principles, but you're tailoring your approach to the unique demands of the sector. This knowledge positions you as a proactive partner who can provide targeted financial guidance.4. Highlight Project InvolvementAccounting roles often involve working on various projects, such as audits, mergers, or system implementations. Highlight your experience with these types of projects and your contributions to their success. Discuss your role in coordinating teams, managing timelines, and ensuring that projects are completed within budget. Sharing specific examples will demonstrate your project management skills and ability to work collaboratively. By emphasising your project involvement, you indicate that you're a proactive team player who can handle multifaceted tasks. This skillset is essential for ensuring the seamless execution of projects that have financial implications.5. System Implementation ExpertiseWith businesses increasingly relying on sophisticated accounting systems, your expertise in system implementation can set you apart. Highlight your involvement in migrating accounting processes to new software, integrating systems, or improving existing platforms. Explain how you've helped teams navigate transitions, minimise disruptions, and maximise the benefits of new technologies. By showcasing your system implementation expertise, you exhibit your forward-thinking approach and your role in keeping your organisation technologically up to date. In a rapidly evolving tech landscape, your ability to effectively implement and integrate accounting systems is a significant asset.6. Process Improvement ExperienceEfficiency is the backbone of successful accounting. Share instances where you've identified inefficiencies in accounting processes and implemented improvements. Whether it's streamlining invoice approval workflows or enhancing payroll procedures, your ability to optimise processes will showcase your commitment to continuous improvement and resource optimisation. By discussing your process improvement experience, you convey your proactive nature and your dedication to enhancing operational effectiveness. This attribute resonates with employers seeking candidates who can contribute to long-term efficiency gains.7. Addressing Challenges in the Accounting FieldThe accounting landscape is not without its challenges. Show that you're not only aware of these challenges but also equipped to tackle them head-on. Discuss how you've dealt with issues like regulatory changes, data security concerns, or complex tax situations. Demonstrating your ability to handle adversity with poise and problem-solving skills will inspire confidence in your potential employers. By addressing challenges, you demonstrate your resilience and your capacity to thrive even in dynamic and demanding environments. Your readiness to navigate challenges positions you as a reliable professional who can adapt to evolving financial scenarios.8. Minimising Human ErrorWhile human error is inevitable to some extent, interviewers are interested in candidates who actively take steps to mitigate it. Discuss your attention to detail, your double-checking processes, and your commitment to thorough reviews before finalising financial documents. Highlighting your strategies for minimising errors will reassure interviewers that you prioritise accuracy in your work, ensuring that the integrity of financial information is upheld. In a field where precision is paramount, your dedication to minimising human error underscores your commitment to maintaining the highest standards of accuracy.ConclusionSecuring success in an accountancy interview goes beyond showcasing your technical skills. It involves a comprehensive understanding of the industry, a willingness to take on challenges, and the ability to communicate effectively about your experiences and accomplishments. By following these eight top tips, you'll be well-prepared. Remember, preparation is the key to confidence, and confidence is what will set you apart and lead you towards landing your dream accountancy role. So, step into that interview room armed with knowledge and self-assurance, ready to make a lasting impression that highlights your potential as a valuable asset to any organisation.
Hiring Managers – How To Make The Most Of Your Accountancy Recruiter
Hiring Managers – How To Make The Most Of Your Accountancy Recruiter
From our experience hiring accountancy staff for SMEs and large multinationals, here are 5 key points to maximize the value of your partnership with an accountancy recruiter in Ireland in 2023.1. We want to know about the job and your company inside out:As professional recruiters, we strive to know everything about your company. This includes the size of the team the role is situated in, the company's founding details, the product or service provided, and future goals and plans. By sharing this information with us, we can effectively promote your company to potential candidates and attract the best talent.Professional and credible recruiters should have a list of questions about the company make-up and culture before even asking for a job specification. If a recruiter does not look for the above information, make sure they are made aware of it as it will increase their ability to promote the company to potential hires. Our job is to sell this opportunity to our best accountancy candidates, so the more we know the better.2. Have your accounts ready:With finance roles the recruiter will be advising the candidate to review the financial accounts of a company as well as other standard information. These might not always be easily accessible so it’s a good idea to provide a soft copy of them to your recruiter to ensure that the candidates you meet in the process will be prepared for an interview and have an in depth knowledge of the financial standing of your company. 3. Streamlined CV Screening:When we send you a candidate's CV, rest assured that we have already screened and interviewed them for suitability. To save you time, we use a cover sheet that highlights the most relevant information about the candidate, such as unique selling points, notice periods, upcoming holidays, and relevant skills. If you have a company cover sheet, please share it to further streamline the process.4. Enhanced Interview Preparation:It is extremely important to outline the format of the interview process and highlight any tests or unusual stages there may be so all candidates can be aware of what to expect. The more specific information you can “arm” your recruiter with (such as interview questions that may be asked), the better the candidates will be at interview.5. No surprises at the endWe all strive for a seamless offer and acceptance process. To facilitate this, discuss the level of the role and the remuneration package from the outset. Your recruiter will have already spoken to the candidate about their current package and salary expectations. From here, be honest and transparent with your recruiter and let them know what you are willing to pay, any future potential changes (i.e. permanency etc.) and also all details of the offer. It is the recruiter’s responsibility to satisfy both parties. If you have any questions about the recruitment process or if you would like to speak to an experienced consultant about hiring accountancy staff please email firstname.lastname@example.org or call (01) 474 4600
Advice For Newly Qualified Accountants
Advice For Newly Qualified Accountants
The market for newly qualified accountants continues to thrive, offering a wide range of opportunities beyond traditional practice. Making the right choice for your first job outside of practice is crucial, as it can shape your career trajectory for the next few years. In this updated guide, we will explore key factors to consider and provide relevant insights for today's job market.Determine Your Preferred Job Role:As a newly qualified ACA accountant, your experience is highly sought after by various employers. Instead of settling for any role that isn't external audit, take the time to identify the type of job you genuinely aspire to pursue. Consider roles in financial accounting, financial reporting, financial analysis, internal audit, and more. Choose a position that aligns with your interests and offers long-term job satisfaction. Explore Industry Preferences:With several years of audit experience, you have acquired first-hand knowledge of companies across different industries. Reflect on the organizations you audited and identify those you would personally like to work for. Dublin, in particular, offers numerous opportunities in sectors such as banking, insurance, funds, multinationals, and even Irish-owned SMEs and start-ups. While transitioning to a similar industry may be easier, some employers recognize the transferability of your skills and may provide opportunities to change sectors. Consult with your recruiter to learn which companies can offer this flexibility. Practice or Transition?While many accountants in audit eagerly leave practice after their training contract, staying in practice can also be a viable option. Advancement to managerial roles, leading larger teams, and engaging with senior stakeholders in different companies can benefit some individuals in the long run. However, if staying in your current role offers no new challenges or growth opportunities, it may be advisable to explore other options. Consider shifting to a different accountancy practice after completing your training contract. Big 4 and top-tier audit firms often seek talented auditor seniors. Changing practices can expose you to new clients and sectors, particularly if you trained in a Top 20 practice. Gaining experience in a Big 4 firm can be advantageous if your ultimate goal is to secure a role in a multinational or financial services organization. What is most important to you in a new job? All candidates will have different motives for leaving practice. Every candidate has unique motivations for leaving practice. Some seek organizations that offer continuous progression and development over the next 5-10 years, while others prioritize roles that provide variety and mental challenges. After working long hours for several years, some individuals simply desire a job with regular work hours. Whatever your priorities, there are diverse options available to suit your needs.When working with a recruiter, be transparent about your preferences, which will help them identify the most suitable companies and roles for your skill set.Additionally, reach out to former colleagues who have transitioned to industry roles to gain first hand insights into life outside of practice. Update your CV:Until you interview your CV is the only document you have to describe your skills and experience. Until you secure an interview, your CV serves as the primary document to showcase your skills and experience. Despite the availability of resources like CV templates and online advice, preparing a strong CV can still be challenging for some qualified accountants. Ensure your CV accurately represents the relevant experience gained during your training contract. If you're uncertain about the layout or content, consult a recruiter who can assist you in this process. In general your CV should be clear, concise, easy to read and very informative (facts and figures). If you have trained in audit list the different clients you have audited and describe their size (turnover, number of employees etc.) and industry sector. Recruiters see hundreds of CVs from Big 4 candidates every year and most CVs look very similar – what distinguishes one from the other is the different clients that you have worked on. Your audit clients will also be the first thing employers will look at when reviewing your application along with your educational record. In certain cases your recruiter may get you to tailor your CV for an application to a specific role – this will significantly increase your chance of securing an interview. Engage with a recruiter:Meeting with a recruiter in person offers more benefits than a mere phone call. In an initial meeting, you can have an open and honest conversation about your desired job and preferences. This ensures that you are only considered for roles that genuinely interest you, rather than being submitted to multiple positions solely due to your skill set. Applying to jobs of no appeal to you is a waste of the recruiter’s and the client’s time and does not reflect well on you either. By meeting with the recruiter at the beginning of your job search you will also distinguish yourself from the other hundred candidates coming out of training contracts at the same time. A good recruiter will also be able to match you to a company environment that will suit your personality as well as your skill set. Don't wait to be approached by recruiters; take a proactive approach and contact them yourself. While being headhunted for a specific role is appealing, recruiters with the most relevant opportunities might not have the time to extensively search LinkedIn. By registering with a reputable recruitment consultant, you'll stay informed about suitable job openings. Even if you are not looking for a role immediately the best way to find out about good jobs is by having a relationship with the recruiter that will be speaking to these companies. Also, recruiters that have worked with companies for a number of years tend to be able to influence clients into meeting candidates that they have met and can personally recommend. By applying to a job through an agency you should be able to gain a competitive advantage over applicants that apply directly. Your recruiter will be able to give you advice about the company, the work environment, the hiring manager and also be able to conduct interview preparation with you. They will also be able to keep you better informed of the timelines involved in the process and will be able to ensure the hiring manager makes a quick decision if you are interviewing with a couple of different companies. Consider Salary Expectations:Naturally the salary you attain in a new job is an important factor when making your decision about what company to join. As a qualified ACA accountant in Dublin's current job market, you can expect a competitive salary. Companies in different industries pay different various salaries so have a look at salary guides for an idea of what you may be eligible for. Some companies may offer lower initial salaries with a clear path for increased remuneration and benefits as you progress. Others might provide a higher starting salary but limited opportunities for career advancement over the next few years. Maintain an open-minded approach and seek advice from your recruitment consultant, colleagues, and managers.Taking a short-term view of salary expectations may not be in your long-term best interest, as slight differences in salary will have minimal impact on your monthly take-home pay. Should I take a contract job?Many candidates focus exclusively on permanent positions when considering career changes. While this approach is understandable in certain circumstances (e.g., mortgage applications), dismissing contract roles can limit your options. Large multinational and financial services companies in Dublin often offer contract roles initially, which often extend beyond the initial fixed term. These roles are typically permanent in all but name. Consult your recruiter for insights into which companies are more likely to offer permanent positions. Can I go travelling after my contract ends?On completion of a training contract or within a year of qualifying, a large percentage of accountants will go abroad to travel or to work. Depending on your personal circumstances you may be better off staying in your current practice for six months before going away whereas in the majority of cases it may be good to try and get 6-12 months industry experience before going away as this will make your CV look more marketable when you decide to return to Ireland. Of course this is dependent on individual circumstance and jobs on offer.What if I fail my FAEs?If you fail your exams you will still have a significant number of options available to you. The first thing you should consider is whether you plan on repeating your ACA exams the following year. If this is the case, the best option will likely be to stay working in practice as no company in industry will offer you the amount of study leave that you will get in practice. If you are unhappy in your role maybe consider joining another audit firm that will offer a new environment and new clients to work with. A good option for a lot of candidates is to change to ACCA. This is still a prestigious qualification that will be hugely beneficial to you over the course of your career. You will be exempt from most exams and should be able to qualify within a year. The exam format is much friendlier to people in full time jobs than ACA exams are. The majority of accountants that train in industry will undertake ACCA exams rather than ACA ones. If you want to stay doing ACA maybe consider taking a contract role until next summer and then take a couple of months off to study for your FAEs once again. You will still have lots of options available to you to move into industry. You have the same amount of work experience as those that are qualified and your skillset will still be in demand to employers. You may not command the same salary that qualified accountants can but you will still get a good package. You will also have a year’s experience in industry (rather than another twelve months in practice) and when you qualify next year you should be able to command the same salary as your work colleagues who pass the exams this year. If you have any questions on your current position or are interested in roles that Sigmar has on offer please contact our Accountancy Recruitment team by email at email@example.com or call 01-4744 600.
How To Write Your Accountancy CV
How To Write Your Accountancy CV
As a recruiter, I have seen some good, some bad and some ugly CVs cross my desk. There are a couple of things which an accountancy CV should always contain and similarly, a few things which should never appear. Below I will discuss in a number of points how you, as an accountant, can grab the attention of the prospective audience i.e. recruiters or HR professionals and secure yourself an interview. Personal ProfileThe one thing you are looking to gain from your CV is an interview and hopefully, at the end of the process, a job. The first thing we should realise is that a HR professional or recruiter takes only 10-15 seconds to decide whether they are going to delve deeper into your CV and discover what you can offer. So to grab their attention you should include a short summary of yourself which is essentially a description of what an employer would be getting if they hired you. “A highly experienced ACA big 4 qualified accountant with 3 years PQE in a global FMCG multinational. Highly adaptable team member with strong communication skills. Looking for a role with a progressive multinational in a commercial finance capacity.” QualificationsAs a finance professional, your qualifications and certificates are some of the first things employers or HR will look for on your CV. For this reason you need to put exact details of your education and how proficient you were in each area, for example: 1st time pass ACA. The same goes with your degree or college achievements. You need to include the level of the qualification, the name of the degree and the name of the college, not to mention the dates which you attended. I would also include your leaving certificate points and results here to save the employer looking for them later in the process. Experience and AchievementsWhen listing the companies you have worked for, my opinion is that you should use the same format every time. The experience should be listed from the most recent back to the beginning of your career. Each role must list the company name, dates employed, industry, monetary turnover and your position. If you have worked in a number of roles in the one company, you need to clearly specify the continuity of your time there and the different positions you held. For each role I would separately list your responsibilities and achievements and list them in the third person. Describe your responsibilities according to the requirements of the job specification you are applying for. As an accountant or finance professional, the more senior you are, the more important your achievements become. Potential employers want to see where you have run projects, cut costs, improved processes and generally exceeded expectations. IT and Software SkillsThese are extremely important to have on your CV as a role with a prospective employer could depend on the systems exposure you have had. I cannot begin to tell you the amount of times I have had to do a specific search for an accountancy package or system and began my search from there. If you happen to be a super user of any system, again have it noted in black and white. It could be the difference in you or someone else getting the job, and I have seen it happen. Skills and Hobbies This area of an Accountancy CV is difficult to advise on. I would recommend that skills such as fluency in a language should always be included and even have their own section but if you would like to list them here that is also ok. I would not recommend you put skills like “fastest pint drinker” on your CV but at the same time, an innocent skill or achievement like being a beauty pageant winner or Ireland’s strongest man can alienate you or intimidate the interviewer so always be careful in that regard. The reality is, you will not do yourself any harm leaving hobbies off your CV altogether but this is something to take on a case by case basis and speak to your recruiter if you are unsure. Proof Reading 9 out of 10 recruiters will agree with me when I say that seeing a CV with a number of grammatical or spelling errors is a major annoyance. The opinion is that if a candidate cannot take care while writing their CV, how much care and effort are they going to put into the role? Your CV is a ticket to an interview and can get you in front of the right people so there are no excuses if you cannot do a simple spell check before you send it off.