The spread of COVID-19 across the globe is, first of all, a human tragedy that has affected the health of millions of people. However, it has caused not only global health problems but also serious economic and financial problems around the world. The consequences of measures taken worldwide to restrain the pandemic are having a growing impact on the global economy.
COVID-19 has posed considerable challenges for the accounting profession too. But it also presents wide opportunities for career growth. As companies are pivoting their business priorities to determine the most effective recovery strategies, accounting professionals with the right tech skills have been thrust to the very center of the workforce. They play a key role in partnering with business owners to use their skills to analyze the current and future impacts of pandemic-related disruption.
If you’re a jobseeker still trying to make progress in your search there are many accounting and finance companies that, more than ever, need to fill their teams. They are looking for those who are flexible, promising, and highly skilled as they will need to help companies navigate this changing environment.
That being said, now is the perfect time to search for an accounting job.
What is an accounting job like?
An accountant is a professional who performs financial functions and interprets financial records. Accountants are responsible for finance-related tasks, both for individual clients and companies employing them.
The daily duties of an accountant mostly depend on the type of position and organization. However there are some common tasks and responsibilities any accounting job requires, such as:
- Preparing and maintaining financial reports, accounts, and tax returns.
- Ensuring financial documents comply with laws and regulations.
- Making tax and bank payments on time.
- Auditing of financial performance.
- Monitoring and analyzing budgets.
- Preparing budget forecasts and risk analysis.
- Keeping account books up to date.
Important Skills For Accountants to Have
In addition to professional skills, a number of soft skills are used that make accountants more successful, perspective, and competitive.
Accounting professionals must pay strong attention to detail for keeping information accurate and organized. As they work with the amount of financial data it’s necessary to be very careful to avoid mistakes because sometimes even simple errors translate into much larger problems.
These skills in the business world are essential regardless of job or level of seniority. An accountant must be able to listen carefully, have excellent writing and speaking skills.
Collecting and analyzing financial data is a large part of accounting. You will most likely be tasked with identifying patterns and potential issues. Therefore it’s vital to have analytical and critical thinking.
Other skills accountants need to focus on include organization, adaptability, computer literacy and math skills, time management, and teamwork. Plus you should have the ability to manage and lead changes, and be able to predict and prevent potential risks.
Why is accounting important and what types of accounting jobs are most in-demand now?
Accounting is a field that will always be in demand and it is a field that you can constantly improve your skills and grow. Why does accounting matter so much?
Well, all businesses need to manage money, financial records, and taxes, so all businesses need an organized accounting system. It also helps to evaluate a business’s performance with budgeting and future projections.
There are a number of various roles you can find in the accounting field. If you think now is a great time to search for an accounting job, check out accounting job postings.
These days the most in demand accounting jobs include:
Auditors are required to assess processes and the accuracy of internal reports and financial statements. They review the accounts of companies to ensure the validity and legality of their financial records. They also prepare reports, commentaries, and financial statements, make inquiries, examine company accounts and financial control systems.
A tax accountant analyzes financial documents and prepares reports to pay taxes on time, plus maintains a company’s tax database. Some tax accountants work for accounting firms, and some at home as part of an accounting team.
Accounts Payable Specialist
As this job focuses on careful and detailed record-keeping, Accounts Payable Specialists must be vigilant and able to effectively evaluate invoices. They must also have strong communication and analytical skills. Although many companies are outsourcing accounts payable duties, this job function is still in high demand.
Controllers and CFOs are high-level financial officers at companies. They manage all the budget processes, plan, direct and coordinate all accounting operational functions, etc.
Now is the Perfect Time to Search for an Accounting Job – Summary
There are many different types of accounting related jobs. While they all may differ, those in these positions all need similar skills. If you are interested in an accounting job, decide which aspect you want to pursue. Then look into and understand each role’s educational and experience requirements. Note that you may need to obtain more training or continue your education. Once you do this then you can search for an accounting job!
Considering the events over the last year, now is the perfect time to search for an accounting job.