Finance is going through some exciting changes right now. Developments like cryptocurrency, open banking protocols and the rise of fintech are transforming how we think about money. However, one thing remains the same — employers need help from skilled accounting and finance professionals.
Accounting and finance jobs often come with good salaries. For example, an accounting manager in Boston can expect an average starting salary of $133,000. There are plenty of opportunities, too — even big companies like KPMG are struggling to fill vacancies.
So, how can you find your dream role? To compete for a top job, you’ll need a resume showcasing a wide range of competencies. Here are five finance and accounting skills that employers want to see.
1. compliance
Technology has made compliance much easier in recent years. Companies now automate many of their critical controls and generate auditing reports. However, no system is perfect, so employers need accounting and finance professionals who can understand and interpret the law.
Ideally, you should have a good grasp of all rules that apply to your employer. That includes local, state and federal laws — plus international regulations if the company does business overseas. You will also need to demonstrate soft skills relevant to compliance, such as critical thinking and attention to detail.
2. cybersecurity
Cybercrime is a pressing concern. Some experts predict that digital criminals will be stealing up to $10.5 trillion per year by 2025. To protect against this, companies need employees who understand cybersecurity best practices, especially in finance and accounting.
Accounting and finance professionals can also play an active role in cybersecurity. For example, you might use data analytics to identify suspicious activity, which could be a red flag for cyberfraud.
3. accounting and finance technology
IT skills always look good on a finance or accounting resume. Most employers expect you to understand relevant technology, whether that means using accounting software or creating macros in Excel.
Finance technology will continue to evolve, especially as artificial intelligence becomes mainstream. Companies are already looking for ways to make the most of these new tools, so make it your mission to stay informed about the latest products and trends.
4. communication
Finance and accounting professionals interact with many people, from colleagues to clients to vendors. Therefore, sharpening your communication skills should be a top priority. Use tools like Randstad’s resume builder to polish your marketing materials, and practice your interview skills before you meet prospective employers. Be sure to mention any relevant experience, such as giving presentations or speaking to clients.
Digital communication is also essential. Your job will involve email, Slack, online presentations and possibly social media. If you’re an ace at communicating online, provide examples of this on your application.
5. ethics
Finance professionals can access lots of sensitive information, which means that every company is vulnerable to a rogue employee. That’s why employers prefer candidates with a strong sense of ethics. Not only are ethical employees more trustworthy, but they’re also more likely to ring the alarm bell if they witness any unethical behavior.
How do you show that you’re an ethical person? It’s hard to demonstrate on a resume, but interviewers may ask questions like, “tell me about a time you faced an ethical dilemma?” Be prepared to offer examples that show how you act with integrity.
Looking for motivation to hone your skills and compete with the best accounting and finance professionals in your field? Use the Randstad Salary Guide to discover how much you could earn in your next accounting or finance role.