Accounting and finance are crucial functions in any organization, and the competition for accounting jobs can be fierce. The job interview is a critical part of the recruitment process and is the best opportunity to showcase your skills, experience, and personality. If you are preparing for an accounting job interview, here are some tips to help you ace the interview and stand out from the competition.

An accounting job interview can be intimidating, but with proper preparation, you can increase your chances of success. The interview is your chance to showcase your skills, knowledge, and experience to the employer. It’s essential to prepare well to increase your confidence, articulate your responses clearly, and show the employer that you are the best candidate for the job.

In this blog, we will discuss some tips for preparing for an accounting job interview, as well as some common accounting interview questions and how to answer them.

Preparation

Research the Company and the Industry

Before the interview, research the company and the industry. Look for information on the company’s mission, culture, products, and services, as well as any recent news or developments. Understanding the company and its culture can help you tailor your responses during the interview to show how you fit into the company’s culture and goals. If possible, research the industry as well. This will help you understand the broader trends, challenges, and opportunities that affect the company.

Review the Job Description

The job description is your guide to understanding what the company is looking for in a candidate. Read it carefully and identify the key skills, experience, and qualifications required for the position. Be prepared to provide specific examples of how you have demonstrated these skills and experience in your previous roles. It’s also essential to understand the responsibilities of the role and how they fit into the broader structure of the company.

Practice Your Responses

Prepare responses to common accounting interview questions. Practice your responses with a friend or family member, or record yourself to review your performance. This will help you be more confident and articulate during the interview. Make sure to also practice your nonverbal communication, such as maintaining eye contact, using hand gestures appropriately, and smiling when appropriate.

Dress Professionally

Dress professionally for the interview. Ensure that your attire is appropriate for the company culture and the position you are applying for. In general, it’s better to dress more formally than less formally. Pay attention to your grooming as well. A well-groomed appearance can leave a good impression on the interviewer.

Common Questions

Tell Me About Yourself

This is a common interview question, and it provides an opportunity to introduce yourself to the interviewer. Start by summarizing your background, education, and experience. Highlight your strengths, skills, and achievements, and explain how they relate to the position you are applying for. Be concise and avoid going off on tangents.

What Are Your Strengths and Weaknesses?

In this question, focus on your strengths that are relevant to the position, such as attention to detail, problem-solving, and analytical skills. As for your weaknesses, be honest but also highlight your efforts to improve on them. It’s okay to have weaknesses as long as you are working on improving them.

Why Did You Choose Accounting?

Employers will want to know why you decided to pursue a career in accounting. Be honest about your motivations and passions for the field. Share any experience or skills you possess that can benefit the company. For example, if you have experience in data analysis or working with financial statements, highlight how these skills can help the company.

Describe Your Experience with Accounting Software

Accounting software is essential to accounting functions. Employers will want to know about your experience with accounting software, including the ones they use. Share your knowledge and experience with different software and how they can help the company. If you are not familiar with the specific software the company uses, express your willingness to learn new software and your experience with learning new systems in the past.

How Do You Ensure Accuracy in Your Work?

The interviewer may ask this question to assess your attention to detail and your ability to produce high-quality work. To answer this question, you can start by discussing the steps you take to ensure accuracy in your work.

One approach is to highlight the importance of following standard procedures and guidelines. For instance, you can explain that you have a checklist or a set of instructions that you follow to ensure that all necessary steps are completed correctly. You can also mention that you double-check your work by reviewing it for errors, inconsistencies, or omissions. You may give examples of how you have identified and corrected errors in your work in the past.

Additionally, you can explain how you verify the accuracy of data or calculations. For instance, you can mention that you cross-reference data with other sources or colleagues to ensure consistency and correctness. You can also mention any tools or software that you use to check the accuracy of your calculations or data. Finally, you can discuss how you prioritize accuracy in your work.

You can explain that you understand the importance of producing high-quality work and the consequences of making mistakes in the accounting field. You can mention that you take pride in delivering accurate and reliable results and that you strive to continuously improve your skills and knowledge to ensure quality work.

Overall, the key to answering this question is to demonstrate your attention to detail, your commitment to following procedures, and your ability to produce high-quality work in the accounting field. By showcasing your skills and experience, you can leave a positive impression on the interviewer and increase your chances of landing the job.

Conclusion

Acing an accounting job interview requires preparation, practice, and confidence. By researching the company and the industry, reviewing the job description, and practicing your responses, you can increase your chances of success. It’s also essential to dress professionally, pay attention to your grooming, and practice good nonverbal communication. Forage provides 15 accounting interview questions and answers

During the interview, be honest, and concise, and show your passion for the field. Use specific examples from your experience to demonstrate your skills and how they can benefit the company. Remember to maintain eye contact, use appropriate hand gestures, and smile when appropriate to show your confidence and interest.

Finally, don’t be afraid to ask questions about the company, the role, and the expectations. This shows your interest and willingness to learn more about the company and the position. Following these tips can help you stand out from the competition and increase your chances of landing the accounting job of your dreams.

Good luck with your accounting job interview! With the right preparation, practice, and mindset, you can ace the interview and impress the employer with your skills and personality.

What we can do for you

Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to executive level nationwide. Our teams have extensive experience (67 years combined) recruiting in the Irish Market. We also provide interview preparation to ensure you have the best chance of landing the job. Reach out to the team here at Martina Quinn Finance Recruitment for the best advice and support in building your finance teams contact us today.

Why are accounting and finance jobs in Limerick and Clare in high demand?

Accounting and finance jobs in Limerick and Clare have never been so plentiful. There has never been a better time to work in this field and this location. The high number of accounting and finance jobs in the Midwest of Ireland is due to a number of factors, including the presence of multinational companies, booming industry, a skilled and educated workforce, favourable tax policies, and the country’s overall pro-business environment. Additionally, the Irish government has made a significant investment in the region to support economic growth and attract international businesses.

• Big 4 Presence: Accounting and finance jobs in Limerick and Clare are plentiful because of large scale multinational investment. These include finance and accounting firms such as the big 4 (PwC, Deloitte and EY) , which drives demand for skilled workers in these fields.

• Booming Industry: The aviation industry in Shannon, has experienced significant growth in recent years, leading to a boom in the region. This growth has created numerous job opportunities in the field of accounting and finance, as companies in the aviation sector require professionals to manage their financial operations. The increase in demand for accounting and finance professionals has made these roles highly competitive and lucrative, with many offering competitive salaries and benefits. Additionally, the presence of major aviation companies in the region has also attracted other businesses, further boosting the local economy and creating even more job opportunities.

• Skilled Workforce: Limerick and Clare have a highly educated and skilled workforce, which is attractive to employers in the finance and accounting sector. This skilled workforce have also access a solid education foundation with excellent undergraduate and postgraduate courses in UL and NUIG before becoming fully qualified with an accreditation from ACCA, ACA CPA and, or CIMA.

• Favourable Tax Policies: Ireland has a favourable corporate tax system, which has attracted many multinational corporations and helped to drive growth in the finance and accounting sector. The Irish government has implemented several tax incentives and exemptions, making it an attractive location for international companies to establish their operations and minimize their tax liabilities Some specific tax benefits in Ireland include:
  • Corporation Tax: Ireland has a low corporation tax rate of 12.5%, which is one of the lowest in Europe. This helps companies to reduce their tax burden and retain more profits.
  • Intellectual Property (IP) Tax Regime: Ireland has a favorable IP tax regime that allows companies to claim tax relief on income generated from IP assets such as patents, trademarks, and copyrights.
  • Double Taxation Treaties: Ireland has signed numerous double taxation treaties with other countries, which help to prevent companies from being taxed twice on the same income.
  • Tax Credits and Exemptions: There are several tax credits and exemptions available to companies in Ireland, such as the Research & Development (R&D) tax credit, which helps companies to offset the costs of R&D against their taxable income.
  • These favourable tax policies have helped to make Ireland an attractive location for multinational corporations, including finance and accounting firms, and have helped to drive job growth in the finance and accounting sector in the Midwest region, including Limerick and Clare.

• Pro-Business Environment: The Irish government has created a pro-business environment, with support for foreign investment and a focus on developing the economy. This has helped to attract and retain finance and accounting jobs in the region. Ireland offers large tax incentives and low corporate taxes that have attracted many international businesses to the region. This has resulted in a strong demand for accounting and finance professionals, with many local and international companies looking to hire qualified accountants and financial analysts in Limerick and Clare. The dynamic environment is conducive to growth and progress, offering exciting opportunities for those working within the accounting and finance industries.

• Investment in the Region: The government has made significant investments in the midwest region to support economic growth and attract international businesses, which has helped to drive job creation in the finance and accounting sector. The Mid West Action Plan for Jobs, which covers these two counties, seeks to attract and retain investment through a strong knowledge capital base . This plan has resulted in “huge” job growth, with 21,800 jobs generated (13%) over the past decade . This has been beneficial to the accounting and finance sector, with more job opportunities and increased job security in the region .

Summary

Limerick and Clare are two Irish counties offering a range of accounting and finance jobs. such as qualified positions like financial accountants to audit seniors and financial directors, there is a wide selection suitable for job seekers of all levels of experience. The Midwest offers a number of businesses, both large and small, in the finance and accounting industries, making them an ideal location for those looking to begin or continue a career in these fields. Numerous universities, colleges and institutes provide professional courses in accounting and finance and the nearby Shannon International Airport ensures that candidates from all over the world can easily access Limerick and Clare. With both local and international job opportunities, Limerick and Clare are great places to start or enhance a career in accounting and finance.

Check out the latest jobs from the region

What we can do for you

Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to executive level nationwide, Our teams have extensive experience (67 years combined) recruiting in the Irish Market. Reach out to the team here at Martina Quinn Finance Recruitment for the best advice and support in building your finance teams contact us today.

When it comes to applying for accounting jobs, your accounting CV and cover letter are your first impression to potential employers. It’s important to make sure that they are well-written, well-organized, and accurately reflect your qualifications and experience. In this article, we will discuss some dos and don’ts for creating a CV and cover letter that will help you stand out as a top candidate for accounting positions. For further information how to write a compelling accounting CV that stands out check out our blog on this topic.

According to AIPCA “your CV is often the first impression a potential employer will have of you, so it is essential that it is well-written and effectively communicates your skills and qualifications. A well-crafted CV can help you stand out from other candidates and increase your chances of getting an interview”

Accounting CV Dos

• Tailor your CV to the job you’re applying for: It’s important to tailor your CV to the specific job you’re applying for. This means highlighting the skills and experience that are most relevant to the position. Make sure to include keywords from the job listing in your CV, as many companies use software to scan CVs for relevant keywords.

• Use a clear and professional format: Your CV should be easy to read and professional in appearance. Use a simple, clean, font, and make sure there is plenty of white space on the page. Use bullet points to make your CV easy to scan, and make sure to include relevant information such as education, work experience, and skills.

• Include a professional summary: A professional summary is a brief statement at the top of your CV that highlights your most relevant qualifications and experience. This is your chance to make a strong first impression and grab the attention of the hiring manager.

• Highlight your accomplishments: In addition to listing your experience and qualifications, it’s important to highlight your accomplishments. Include specific examples of how you have added value to your previous employers, and use numbers and data to demonstrate your impact.

• Showcase your technical skills: As an accountant, it’s important to have a strong understanding of accounting software and tools. Make sure to highlight your proficiency in relevant software such as QuickBooks, Excel, and SAP.

• Emphasize your qualifications: Show off your qualifications such as a CPA, CIMA, or ACCA, and make sure to include them on your CV. This will demonstrate to potential employers that you have met certain standards of excellence in your field.

• Include volunteer or intern experience: If you have any volunteer or intern experience that relates to accounting, include it on your CV. This can show that you have a passion for the field and have gained valuable experience.

Accounting CV Don’ts

• Don’t use a generic CV: A generic CV that is not tailored to the job you’re applying for is unlikely to make a good impression. Make sure to customize your CV for each job you apply for.

• Don’t use a creative format: While it may be tempting to use a creative format for your CV, it’s best to stick with a simple, professional layout. Hiring managers are more interested in the content of your CV than its appearance.

• Don’t include irrelevant information: Keep your CV focused on the most relevant information for the job you’re applying for. Don’t include irrelevant information such as hobbies or personal information.

• Don’t make errors: Make sure to proofread your CV several times to catch any errors. It’s also a good idea to have someone else review your CV to catch any mistakes you may have missed.

• Don’t use overly flashy design: Keep in mind that your CV should be professional and easy to read. Avoid using overly flashy design elements that can make it difficult to read or take away from the content.

• Don’t exaggerate your qualifications: Be honest about your qualifications and experience. Exaggerating your qualifications can be detrimental to your job search and can also get you in trouble if caught.

• Don’t use overly complex language: Keep your CV easy to read by using clear, simple language. Avoid using overly complex language or jargon that may be difficult for hiring managers to understand.

Accounting Cover Do’s

• Tailor your cover letter to the job you’re applying for: Just like your CV, it’s important to tailor your cover letter to the specific job you’re applying for. This means highlighting the skills and experience that are most relevant to the position.

• Use a professional and courteous tone: Your cover letter should be professional and courteous in tone. Use a formal salutation and avoid using overly casual language.

• Include specific examples of your qualifications: Use specific examples of your qualifications and experience to demonstrate how you are a good fit for the position. This will help the hiring manager see why you’re the right candidate for the job.

• Show enthusiasm for the job: Your cover letter should show that you are enthusiastic about the job and the company. This will help you stand out from other candidates.

• Research the company: Before you submit your cover letter, take the time to research the company you’re applying to. This can help you tailor your letter to the company’s mission and values and show the hiring manager that you’re genuinely interested in the position.

• Use a powerful opening: Your cover letter’s opening should grab the hiring manager’s attention and make them want to read more. Use a powerful opening sentence or phrase that highlights your qualifications and enthusiasm for the position.

• Request an interview: End your cover letter by requesting an interview. This shows that you’re confident in your qualifications and are eager to speak with the hiring manager in person.

Accounting Cover Letter Don’ts

• Don’t use a generic cover letter: A generic cover letter that is not tailored to the job you’re applying for is unlikely to make a good impression. Make sure to customize your cover letter for each job.

• Don’t use overly casual language: Keep your cover letter professional and courteous in tone. Avoid using overly casual language or slang that may come across as unprofessional.

• Don’t use overly general language: Avoid using overly general language that could apply to any job. Instead, use specific examples of your qualifications and experience that are relevant to the position you’re applying for.

• Don’t forget to proofread: Make sure to proofread your cover letter several times to catch any errors. It’s also a good idea to have someone else review your cover letter to catch any mistakes you may have missed.

In conclusion, a well-written CV and cover letter are essential for standing out as a top candidate for accounting jobs. By following these dos and don’ts, you can create a CV and cover letter that accurately reflect your qualifications and experience and help you land the job of your dreams.

What we can do for you

Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to executive level nationwide, Our teams have extensive experience (67 years combined) recruiting in the Irish Market. Reach out to the team here at Martina Quinn Finance Recruitment for the best advice and support in building your finance teams contact us today.

In today’s job market, finding the right job can be a difficult and time-consuming task. The accounting and finance industry is no exception, with a highly competitive job market and a constant demand for highly skilled professionals. Accounting recruitment agencies play a vital role in connecting experienced accountants with job opportunities that align with their skills and career goals. In this blog, we will explore the ways in which accounting recruitment agencies can help accountants secure their dream job.

Access to a Wide Range of Job Opportunities Via Recruitment Agencies:

One of the biggest advantages of working with an accounting recruitment agency is access to a wide range of job opportunities. Agencies maintain relationships with a diverse group of employers, from large organisations to small businesses, allowing them to offer a variety of options to job seekers. Additionally, accounting recruitment agencies often have access to exclusive job openings that are not advertised publicly. This means that job seekers working with an agency may have access to opportunities that they wouldn’t have known about otherwise. By working with an agency, job seekers can expand their job search beyond the job listings they can find on their own, and increase their chances of finding the perfect job.

According to the Bureau of Labour Statistics (BLS), the employment of accountants and auditors is projected to grow 4% from 2020 to 2030, which is about as fast as the average for all occupations. This growth is driven by the increasing complexity of the economy and financial regulations, as well as the continued need for organizations to comply with these regulations and to have accurate financial information.

This means that the employment of accountants and auditors is expected to grow at a steady pace in the next decade which creates opportunities for job seekers and for accounting and finance recruitment agencies that help them find their dream job. Also, this highlights the importance and the high demand for accounting and finance professionals. Working with a reputable accounting recruitment agency can increase the chances of finding the right job, and improve the chances of career growth in the field.

Recruitment Agencies Provide Support and Guidance:

Another benefit of working with an accounting recruitment agency is the support and guidance provided throughout the job search process. Agencies work closely with candidates to understand their qualifications and career aspirations and provide guidance on how to best present their skills and experience to potential employers. They also assist with resume writing and interview preparation, giving candidates an edge over other applicants. This support can be especially valuable for those new to the job market or looking to make a career change. With the help of an agency, job seekers can develop a job search strategy that is tailored to their specific needs and goals. They also help you stand out in a competitive job market.

Saving Time and Energy:

Working with an accounting and finance recruitment agency can also save time and energy for both job seekers and employers. Agencies pre-screen candidates to ensure they meet the qualifications for a specific job opening, saving employers from having to sift through hundreds of resumes. For job seekers, accounting recruitment agencies can provide a streamlined job search process, connecting them with relevant opportunities and scheduling interviews on their behalf. This can save job seekers a significant amount of time and energy that would otherwise be spent on job search activities. By working with an agency, job seekers can focus on the most important part of the job search process: preparing for interviews and making a great impression on potential employers.

Negotiating Salary and Benefits:

Another important service that recruitment agencies can offer is salary and benefits negotiation. Agencies have a deep understanding of the job market and can provide valuable advice on what to expect when it comes to salary and benefits. They can also help job seekers negotiate the best possible salary and benefits package, which can make a big difference in terms of long-term job satisfaction and career growth.

Continued Support:

One of the most valuable services that recruitment agencies can offer is continued support after a job offer has been accepted. Job seekers may have questions or concerns about the new job, or may need assistance with the transition from one job to another. Agencies can provide guidance and support throughout this process, helping to ensure that the transition is as smooth as possible.

For example, recruitment agencies can help job seekers navigate the onboarding process, including paperwork, orientation, and training. They can also provide assistance with relocation, if necessary. Additionally, agencies can continue to check in with job seekers even after they’ve started their new job, to ensure that they are happy and satisfied with their new position.

Another important aspect of continued support is that recruitment agencies can provide mentoring and career development opportunities. They can provide guidance and advice on how to advance in your career, and can help you identify opportunities for professional development, training, and networking. They can also connect job seekers with industry experts and leaders, which can be beneficial for networking and learning about new trends and best practices in the accounting and finance industry.

The average salary increase for accounting and finance professionals who switch jobs is between 10-20% This statistic highlights the financial benefits that job seekers can gain by working with an accounting and finance recruitment agency. Recruitment agencies can help job seekers identify better-paying job opportunities and negotiate higher salaries and benefits packages.

Additionally, accounting recruitment agencies can also provide guidance and advice on how to negotiate a higher salary, and help job seekers understand the current market trends and salaries for their specific roles. This can ultimately lead to a significant increase in the salary for those accounting and finance professionals who switch jobs with the help of a recruitment agency.

In conclusion, recruitment agencies can offer a wide range of services to help job seekers find the perfect job, and to support them throughout the job search process. From providing access to a wide range of job opportunities and guidance on how to present your skills and experience to negotiating salary and benefits, and providing continued support after a job offer has been accepted, recruitment agencies can make all the difference in securing your dream job.

Our Solutions

Martina Quinn Finance Recruitment specialises in the placement of qualified accountants up to executive level nationwide, Our teams have extensive experience (67 years combined) recruiting in the Irish Market. Reach out to the team here at Martina Quinn Finance Recruitment for the best advice and support in building your finance teams contact us today.

A recent survey carried out by the Financial Services Union in partnership with University of Limerick shows that 88% of respondents say they would like to work from home some of the time.

This is a significant number of accountants and finance employees in the industry seeking more flexible remote working options. The survey results also show that just over 70% said their employer did not provide financial support for costs associated with working from home.

The findings indicate a desire to have hybrid work from home solutions. Dr Michelle O’Sullivan of the Kemmy Business School at University of Limerick said the research points to several issues that employers should prioritise to improve the experience of remote working work. “These include a home working allowance for the costs of remote working,”

According to the president of CPA Ireland Áine Collins said “Remote working will bring tremendous benefits including increased productivity and a better work life balance. Remote working will also support regional growth by supporting SMEs, something CPA Ireland have called for in previous years.”

Remote working for accounting and finance professionals allows for increased flexibility and autonomy. According to INC, nine out of 10 employees who currently work remotely plan to do so for the rest of their careers.

Advancing technology coupled with the recent pandemic has accelerated hybrid working models. Technology such as videoconferencing software, collaboration platforms, and cloud services keep people connected and allow staff to have meetings and complete projects from anywhere, anytime.

Employers also benefit from remote working opportunities as it can be used as a tool to attract and retain talented accounting and finance personal. In this current market attracting and retaining top finance and accounting personal is paramount to succeeding and growing your business.

What are the benefits of working remotely?

Work/Life Balance

Remote working offers better work life balance, by not working in an office daily, empowers employees to feel in control of their life, to plan home and work tasks. This gives a sense of achievement and makes employees more productive.

Simple things can make employees feel more empowered by remote working such as:

• There’s no rush to catch a train, bus or sit in traffic
• They don´t have to carry files or your laptop
• They can take a break when you need one
• There are no stressful office politics
• They get more family time

Flexibility and freedom.

Working from home can allow employees to plan their day to suit both their work and home life, if they carry out the set hours at the right time. Having the flexibility to attend medical appointments, watch the kids’ hurling match, or take elderly parents shopping can lighten the load.

By not having to ask for permission or fit in with other team members takes pressure off too. When an employer provides employees this kind of autonomy it builds trust and gives more job satisfaction.

Cost Saving

You can’t escape it; rising fuel prices and inflation are hitting everyone’s pockets right now. However remote working allows employees to save on fuel and maintenance costs of their vehicles. Other costs such as parking, lunch, snacks, formal clothes for the office all add up. 

Remote working saves on these expenses, which can add up to a substantial amount. This means more disposable income available for other things, which is always a good thing.

Save Time

Working from home naturally saves on time when commuting to and from the office. Remote working also allows accountants and finance personal to manage their own schedule. Some people work better in the mornings than in the afternoons.

Others come alive and are brimming with ideas in the evenings. Scheduling for their own time that allows employees to work when suits is a real benefit. If you are an accounting or finance employee working remotely, make sure the time you’re working doesn’t affect your colleagues and you meet deadlines doing this can allow you to work when you wish.

Peace and Quite

The traditional office can be noisy and full of distraction. People are talking, phones are ringing and in general there can be a hive of activity going on. This is great from a social point of view to meet and chat with colleagues, however many people find this environment distracting.

Some people need complete and utter silence to focus. Remote working provides this opportunity which allows you to be more productive. Silence is golden to many people.

Location, Location, Location.

We can work from anywhere as long as we have a good broadband connection. Working remotely in the finance industry means you don’t have to be bound to a city that you don’t enjoy living in.

If a spouse, partner, or roommate must be based or allocated in a particular location, remote working allows partners to keep their job and home life separate.

Health and Happiness.

Commuting daily, spending hours in traffic and looking for parking isn’t the best or healthiest way to spend our time. Remote working has the advantage of not encountering viruses or germs from coughing and sneezing of others. Its what the majority of us did during lockdown.

Remote working can also improve our mental health by limiting time with co workers who have a negative mindset. Incidents of workplace bullying and perceptions of hostile work environments especially those in minority groups have decreased according to Høgh et al., 2021.

Office Set Up

One of the biggest advantages of remote working is that employees can set up their office or workspace as they want it. Staff don’t have to worry about colleagues complaining if there untidy or too organised. They can have the temperature of the room just the way they like. They can open the window or leave it closed. Working from home allows employees to be more productive in their own environment

Employer Benefits To Remote Working

Remote Working Saves Company’s Money

With fewer people in the office on a daily basis companies could consider downsizing their office to cut costs on overheads such as rent, electricity and heating. More efficient workspace usage allows companies to save money according to a study carried out by Stanford.

In the study a participating company saved $2,000 per employee on its office space rent, simply by using the space more efficiently.

Increased Productivity

According to Forbes remote employees of 35-40% on average are more productive than their office counterparts and have measured an output increase of at least 4.4%. This is quite a significant number and something that employers should take note of.

Retention

Based on Forbes research 54% of employees say they would move employers for a role that offered more flexibility. After a remote work agreement has been offered turnover reduced by 12%.

Providing flexible remote working solutions can also be used to attract top accounting and finance talent. Remote working isn’t prevalent in the finance and accounting industry however being a leader in this area could offer employers with an advantage.

In a recent poll we asked, “Should all accounting and finance professionals have the option to work remotely?” with 98% voting yes. The desire for remote working is there among the accounting and finance professionals of Ireland.

Our advice is to use this knowledge and implement into your recruitment strategy in order to attract and retain top talent.

Our Solutions

If you’re a jobseeker looking for flexible remote working options get in touch with our team of accounting and finance recruiting professionals. They will be able to provide you with the best advice for your recruitment strategy.

If you are a jobseeker our accounting and finance recruiting professionals will be able to help you further your career in an environment that best matches your needs.

Contact us today.

Recruitment in accounting and finance is thriving at this moment in time. Jobseekers can almost pick and and choose where they can work. The economy is thriving right now, as a nation we are at full employment, however there is other economic factors in play in 2022.

These include rising rate of inflation, the rising cost of fuel due to the war in Ukraine and fears of a looming recession which we may not see for many years. How does this impact on the current challenges facing the accounting and finance sector?

Find out below.

Its nearly July of 2022, we can’t believe it either. time flies when you’re having fun. While we were having fun, we have noticed a few trends in the accounting and finance recruitment industry and accounting and finance jobs in general.

Luckily the pandemic caused by Covid -19 hasn’t affected the accounting and finance jobs market and in fact the market hasn’t been this strong for quite some time. Jobseekers are in a position of strength where they can almost pick and choose where they work to certain extent.

For organisations to attract and retain the best available accounting and finance talent businesses must keep up to date with the latest current industry trends in order to fill available accounting and finance jobs.

Keeping on top of the latest accounting and finance recruitment trends places you in the best position to securing top accounting and finance talent to deliver your projects. Employers need to know what jobseekers want so hiring managers can speak the same language and present the company in a way that resonates with top accounting and finance talent.

To help companies navigate through the changing trends in recruitment we have compiled a list of hiring trends that will shape your future accounting and finance teams.

Remote Work

Working remotely is here to stay. If there is one positive to take from the global pandemic, it’s the realisation that we don’t need to be in the office or production unit all the time. Covid – 19 really accelerated this for businesses.

Accountants now expect to see an element of hybrid and work from home options in accounting and finance job descriptions. It’s vital for all businesses to be set up in a virtually connective/collaborative environment.

Using the latest technologies and software available to make communications between accountants and finance managers is paramount. Providing these amenities will instil confidence in your current workforce and help attract more high-quality accountants.

To ensure productivity is at the same level or even higher, employers should record all processes and workflows with appropriate tools. An accountant’s location shouldn’t impact on the quality of their work, nor should it hamper the company but enhance both employee and employer.

Wider Pool of Talent to Select From.

Thanks to hybrid and remote working options hiring managers can cast their hypothetical net further afield to attract the best accounting and finance talent for their business. Geography is no longer an issue which bodes well for companies who have suffering due to skill shortages in finance.

In some cases, international borders won’t be a problem for hiring managers as they look outside their own country to find the best accountants. This is especially true for highly technical specialist accounting and finance jobs.

Excellent Workplace Culture’s

Following on from the ability to implement work from home and hybrid working policies the virtual workplace opens the door to a wider field of talent as we discussed in our precious points. Businesses are no longer limited by hiring local talent as your recruitment campaigns can now be taken global.

With this relatively new feature available to businesses, access to talent will have increased as competition for the most suitable accountants will have heightened. Other accounting and finance firms will also be leveraging virtual collaboration technology to attract the best talent.

To compete with these firms, you as an employer need to offer more than just a great salary as this has its limits. More and more accountants want an excellent package that makes them feel like they are valued and taken care of.

The best means of achieving this is by developing a world class work place culture that current and past employees can share on employer review sites such as Indeed and Glassdoor.  Establishing a standard set of values that are included in the company’s mission and vision statement will give potential hires something to think about.

Living and upholding these standards in your company’s day to day operations is also important as you don’t want to be seen to just be paying lip service. A culture that allows your accounting and finance personnel to grow, learn and opportunities to be promoted is also something that attracts accountants.

A culture where accountants feel at ease about raising issues, highlighting room for improvement, or suggesting new process ideas should be encouraged. This all ties in and contributes to your employer brand.

Building A Strong Employer Brand

Accounting and finance candidates are savvier than ever. They have access to vast amount of information about your company and brand and will spend a lot of time researching your company before they even apply for a role. We wrote a blog about this recently.

If you are worried about your employer brand you can invest in developing content for your social media and website to highlight what a great place your company is to work. Reacting to negative reviews in a positive manner and genuinely looking after your staff will help you attract and retain accountants to develop your employer brand.

Having a poor employer brand will make it difficult for you attract those top accountants to grow as an organisation.

Diversity and Equality

People care about what their employer stands for. Social justice campaigns are quite frequent nowadays and interests in these campaigns have sparked people’s interests. Many of those affected or interested in social justice campaigns could be your next hire.

Questions from candidates during interviews around diversity and equality in the workplace shouldn’t surprise interviewers or hiring managers. Having a policy around diversity, equality and inclusion embedded in the organisations mission and vision statement and the company’s cultural will make answering this question easier and make you sound more genuine.

Diversity and equality in an organisation are beneficial to your company and its also healthy for your teams and your management hierarchy.

Our Solutions

Recruitment as an industry is fast paced and the changing dynamics of recruitment for the accounting and finance segment is rapid. Trying to keep up with the accounting and finance industry recruitment trends while trying to run your organisation and the day-to-day operation behind the business is challenging.

Luckily there is a solution to this problem and that is to partner with Martina Quinn Finance Recruitment to source top accounting and finance talent. We have over 20 years of combined experience in building high performing accounting and finance teams.

We are always keeping our finger on the pulse to ensure you get the accounting and finance talent your business deserves. Contact us today for more information.

Accounting and finance jobs are competitive, doing your homework by looking up the business is crucial during the job search. Particularly when you get selected for an interview and your knowledge of the company will be quizzed. 

Doing your research will also be important when accountants decide what type of company, they want to work for and when they are ready to apply for that Accounting and finance job. 

With information so readily available in today’s world, employers, hiring managers and the companies they work for have come to expect candidates to have a good deal of understanding for their business.

Understanding the company’s business, goals and current projects will give an advantage over your competitors for the accounting and finance job up for grabs. Showcasing your proactive, sociable, and knowledgeable about their company will help you stay in the minds of the interviewers.

For your own sake, being familiar about the day-to-day operations of the company will also give you a better idea of whether or not you would enjoy being employed there and also if the company’s values match what you value.

Below is a list of how to do company research and get to know your future potential employer.  A quick Google Search will verify that there is a wealth of information out there about the business however It can be difficult to know where to start.

The research process can be broken down into the following:

• Their website
• Their social media
• Their reputation
• Their culture
• Their financial health

Their website:

This is a place where accountants can get a feel for the business. The about section will provide you with a great introduction to the company. Where they started, their growth over time, where they want to be in the future and what their goals are. It can also show how many locations they have and where their headquarters are located.

Social Media:

Using LinkedIn and other social media accounts can provide a great wealth of information about the business and the accounting and finance jobs they are hiring for. Their social media will also provide a great deal of insight into their history, events branding, company tone and voice. Social media can also provide you with information on their reputation, and how they handle negative press.

Reputation:

Using tools such as Indeed and Glassdoor provide an invaluable resource as they provide information such as employee reviews, salaries and interview experience from those who sat in the hot seat.

When preparing interview answers this can be useful. However, take these reviews with a pinch of salt and not as gospel as people can be disgruntled about conditions and personal scenarios can lead people to vent frustration on these sites. 

When people are unhappy about a product or service they purchased, we tend to tell more people about a negative experience compared to a positive experience with a product or service. The same principle applies to Glassdoor or Indeed Reviews.

People who weren’t a good fit for the company and didn’t get a position with the company they interviewed for won’t be singing that companies praises. We need to be careful about what we read on these sites.

Google News

After conduction a quick search on Google check out the news section of the search provided by Google. This will provide you with recent company news and developments, which can arm you with a set of talking points for the interview and give you an idea on their reputation.

Bringing a company’s reputation into an interview is something you may not want to do, however having this knowledge can be of a huge benefit to you during the whole process. Questions like do senior managers take hours, days, or weeks to respond to queries or to approve actions?

Do current staff have a positive outlook for the future of the company or are they worried about closures and redundancies, if they are hiring chances are the business is thriving but it’s always good to know about the company’s situation before applying for a role.

Their culture:

Knowing what a company’s culture is like before applying may help you save some time. If the company culture doesn’t match your needs, you won’t apply. Finding out about a company’s culture can be more difficult to obtain.

Using your network can help you gain a valuable insight into their culture. Knowing information about the business values and unique characteristics goes a long way to determining whether or not you will find it be a good fit for you.

Having information on a company’s culture can help you ask your interview questions when it comes to that part of the interview.

Financial Health

Knowing the financial health of a company will allow you to make a clear decision to either apply for the accounting and finance position or not apply. If the company is solvent, shows adequate operating efficiency and is profitable then you should apply for the open accounting and finace job.

There is no one perfect method to determining a company’s financial health or sustainability. Being an accounting and finance professional, you probably already know this. However, taking a look at a company’s liquidity, solvency, profitability, and operating efficiency can indicate if a company is thriving or not.

Liquidity:

This is the amount of cash and easily-convertible-to-cash assets a company owns to manage its short-term debt obligations. Quick ratio is a metric used to measure liquidity. A quick ratio lower than 1.0 is often a warning sign, as it indicates current liabilities exceed current assets.

Solvency:

Relates to a company’s ability to meet its debt obligations on an ongoing basis, not just over the short term. The metric used to measure solvency is debt to equity ratio.  A downward trend overtime in debt-to-equity ratio is a good indicator that a company is financially strong.

Operational Efficiency

This is that measures the profit earned as a function of operating costs. The greater the operational efficiency the more profitable the firm is.  The metric used to measure this is operating margin. It indicates how well the company is being managed.

Profitability

To survive and be successful a company must be profitable and maintain being profitable. Net margin is the ratio used to measure profitability. A large net margin indicates a company is in a position to commit to capital growth and expansion.

Doing this type of financial research isn’t something to bring up in an interview however its good have knowledge of where the company stands before applying for the accounting and finance job.

Take Aways

The more organised and prepared you are about the company the more you’ll know what to expect when it comes to the interview. Doing the research before you apply for a position is the best protocol.

This will be of huge benefit to you if the hiring manager wants to get someone in place quickly. You could find yourself in an interview the same week as you applied which can leave you with little time to prepare for the interview.

Additional Support

Your recruitment agency of choice should have a strong inside track to their client employers and should always provide you with relevant employer information to give you that competitive edge in interview.

Reach out to the team in Martina Quinn Finance Recruitment for the best advice and support in your career move contact us today.