What do international employers look for in Millennial Accountants?

Our Managing Director, Abigail Stevens, has just returned from a business trip spanning across the globe, finding out what some of the biggest international employers are looking for in Millennial accountants.  

With so many studies carried out on Millennials in the workplace it becomes easy to get lost in the information and miss out on a crucial point- what their bosses want! KPMG’s recent survey of business students in 23 countries revealed that 80% anticipated working  in 3-6 countries during their career. As Managing Director of an international recruitment agency, I thought I’d assist this generation of expectant travelers by sharing my knowledge of the key issues that stand out for international employers.

 

I have just got back from a 7 week business trip that has spanned across three continents with meetings in London, Dubai, Australia, New Zealand and Hong Kong. In each of these destinations I’ve been able to discuss the international job market with some of the biggest global accountancy, financial services and industry and commerce organisations. A number of those I met were accountants that we have assisted over the years who have now become Partners, Senior Management and Directors in their organisations, their stories feature regularly on this blog. 

So what were the key features that stood out for international employers looking at the millennial job market?

 

They don’t just want number crunchers

They want applicants that look for solutions and that are able to see beyond numbers to work out how to address the potential risks and increase the commercial opportunities.

 

Desirable experience

 

 In addition to external audit, data analytics and cyber security experience are becoming quite valuable. Experience in forensic accounting, risk, IT audit and internal audit are also popular with employers.

 

The ability to build rapport

The accounting industry is becoming more and more service driven, the ability to build rapport with clients is now seen as an essential skill. This is also reflected in internal accounting roles where interaction with other areas of the business is important.

 

Chartered Accountant Qualifications

Qualifications from one of the reciprocal Chartered Accountancy bodies in Scotland, Ireland, South Africa, Canada, England & Wales or Australia & New Zealand remain the most highly sought after.

             Current state of the Global Market

London

The market has become quite saturated with accountants with fiercely increased competition.

Australia & New Zealand

Markets in Australia and New Zealand are starting to open up again after being hit late on by the global recession. Firms are still unsurprisingly cautious, but there was a lot of positive signs and there are big improvements expected this year.

Hong Kong

Hong Kong is seeking more accountants with a technical background or Mandarin speakers due to its close ties with China. 

Dubai

Dubai currently has a real push on hiring European accountants to diversify their workforce. 

So what to do with this information?

It would be wise to find out what your options are and explore the current international opportunities available to you. It’s only then that you can make an informed choice on your future. Our services are free for accountants to use and enable you to get ahead of the curve by kick-starting your international career.

Abigail Stevens has been in the recruitment industry for twenty years. She founded Think Global Recruitment sixteen years ago which has since become one of the longest running international accountancy recruitment companies.

To find out more information phone: +44 (0) 131 260 5850 or email mail@thinkgr.com

 

 

Natalie’s Story - I didn’t realise how stressed I was at home until I moved here...

Natalie moved from South Africa to BDO in Auckland with assistance from Think Global Recruitment eight years ago and has been there ever since. She is now the National Head of Technical for BDO in New Zealand. This is her story.

I wanted to leave South Africa, there were so many armed robberies that it was just a matter of time before something happened to me. I attended Think Global Recruitment’s Accountancy World Wide event where I had the chance to explore different country options and find out where I could work. For me, the choice was fairly easy.  I didn’t want to learn a new language, limiting the scope in Europe, UK & Canada seemed too cold and Australia just wasn’t that appealing. My family had moved to New Zealand and I had already been there on holiday and fell in love with the country. After talking to a Think Global Recruitment consultant, we were able to find a Technical Associate role based in Auckland.

Working for BDO

The big difference in New Zealand was the client base. They had much smaller sized clients to KPMG in South Africa. This meant that they didn’t have as many technical staff and therefore didn’t possess the same amount of knowledge. There was lots to learn, moving from SA GAAP to IFRS, but there were a few similarities too. It took about two years to get up to speed and required a lot of self-thought and thorough training. You’re trusted with more responsibility earlier on than you would have in South Africa. I’ve gone from one of many in a technical department to running one! Our specialism is quite unique and in short supply around the world.

Many entities in New Zealand no longer need to follow IFRS. The reporting standard has changed recently so many companies fall below the requirement to file accounts.  Only around 5% of businesses are required to file. Software companies are becoming the bigger competitors for clients. We liaise very closely with BDO in Australia as we count as part of their team. The Technical Department is much bigger over there, so there’s about 20 or 30 staff we can call on when needed. I arrived in New Zealand as a Senior Manager and have progressed up to the National Head of Technical, running the department, sitting within the National Office.

The Social Side 

"In the summer you aim to finish work by 5pm and then you can go down to the beach for a few hours."

The mentality here is to work hard but also ensure you get the right work/life balance. In the summer you aim to finish work by 5pm and then you can go down to the beach for a few hours. Everyone really encourages you to have an outdoor life. I met my ‘Pommy’ husband here. I'm not sure I achieve the outdoor life as much as I should, but I am married to a computer nerd.

 

At BDO, people go out of their way to welcome you and show you the ropes. There’s a social club that hosts activities throughout the year and you always have a team meeting once a month which gives you a chance to catch up with other colleagues. You are welcomed as a Kiwi, that is until your team is playing the All Blacks, and if you lose you are sure to hear all about it!

 

"You are welcomed as a Kiwi, that is until your team is playing the All Blacks"

 

Our firm is very multicultural. The office is full of expats, and expats love to socialise. Most of the younger staff are Kiwis but when you reach the qualified level there are more international employees.

I’ve managed to visit a few of the Pacific Islands but there’s definitely more I want to see. We have international training in Kuala Lumpur every year and have been on other trips to Hong Kong as well as lots of places in Australia including Melbourne, Sydney, Adelaide, Sunshine Coast and Brisbane.

 

Comparing South Africa to New Zealand

 

Don’t expect it to be the same, it’s not going to be. People are different, the history is different, culture is different, but that’s good. I miss my friends of course but in terms of my family, my mum and dad emigrated over here two years ago.  I miss the food but luckily there’s a great South African butchers close to where I work. I didn’t realise how stressed I was at home until I moved here. When you are there it is the norm to worry about your security, your job, your commute etc. In contrast, so often here I have accidently left the door open and nothing happens. You can walk down the street without a care in the world. I can honestly say I’ve not ever felt homesick. I was lucky enough to have had two overseas secondments to the US and UK. This helped me get used to being away from home and being open to experiencing new things.

  

My Advice
 

Sort out your job before you arrive

The benefit of using Think Global Recruitment is that you have a job set up before you move. Others I know have moved and tried to find a job, which is extremely difficult. It also means that they have very different expectations as they haven’t been through an informative process.

 

 

Do your homework
 

  Do your homework on the country and the firm as things will undoubtedly be different. I was surprised at how things are viewed here. A large part is due to the size of the country, the company sizes and the general outlook on life. If you think it will be the same you will struggle. If you come from a big city firm you may feel that you know best, but that won’t go down well with Kiwis.  

 

 

Be prepared for a change
 

Being prepared isn't just referring to the work but also for the smaller details, like paying your bills. Try to move a field you know as there is enough life learning to do to keep you busy. If you go into a business you are expected to know about local accounting and legislations so try to come prepared with knowledge on this.

 

 

Know what you want to achieve
 

Decide for yourself if this is a long term or short term move and what it is you want to achieve. You need those goals cemented in your mind before you come over. For the first couple of years you are going to be focused on finding your feet and becoming a new person, but never lose sight of your goals. 


If this story has inspired you then share it and help those who may be considering making the move abroad. To hear more case studies and find out about job opportunities please email pmcloughlin@thinkgr.com

Dorota's Story - My role has allowed me to travel to Hong Kong, Singapore, Canada, UK and New Zealand!

Think Global Recruitment assisted Dorota to move from South Africa to Macquarie Bank in Sydney where she was promoted within two years to Internal Audit Manager. Our Managing Director, Abigail Stevens, recently caught up with her to find out how her career has been since. This is her story.

Around the time I completed my training with EY there was a mass exodus of people leaving South Africa to move to London. I was going to go too but then the opportunity came up to attend Think Global Recruitment’s Accountancy Worldwide event. I had always thought that I would be living in the UK but that event encouraged me to consider other options. It was the first time I’d heard about Macquarie, so after the presentation I went home and did my research and discovered that they had a good reputation.

I naturally had the fear of moving to a new country, combined with the fact that I was doing it my own. I was worried about the cultural challenges and that I might find it hard to understand the way that people spoke. Altogether it took me a couple of years to properly settle in. Unless you know people it can be tricky but it does also depend on where you go. If you join a big institutional bank people would usually just go to work and that’s it, but if you are working for a company that’s more retail facing, they tend to have more active social circles.

Macquarie Bank

I started out as an Internal Auditor at Macquarie Bank in Sydney. Whilst I was working there I learnt a lot about Risk Management and decided that it was the area that I was most interested in. There was a very competitive and ambitious work culture, If I’d decided to stay in practice the situation would have definitely been a lot easier.

BNP Paribas

After two and a half years l decided it was time to leave Macquarie. I felt done with Audit and went searching for a job with new opportunities. I managed to find one with one of France’s biggest banks, BNP Paribas.  I was involved within the three lines of defence: Internal Audit, Operational Risk and Risk Management.  Working there allowed me to get exposure to Risk Management but from a back office prospective. I had the best of both worlds, working for a big brand but in a small office environment.

CommSec

“My role has allowed me to travel to Hong Kong, Singapore, Canada, UK and New Zealand.”

 I left BNP after fifteen months when the opportunity came up to work for CommSec (Commonwealth Securities), where I have been for the last three years. CommSec is a large stockbroking firm that works with Commonwealth, Australia’s biggest bank. I work in line one Risk Management as a Risk Senior Manager. My role is all about helping businesses succeed and ensuring they do things the right way. I work with a friendly group of people, something which I now really appreciate.

My role has allowed me to travel to Hong Kong, Singapore, Canada, UK and New Zealand.  With these trips you could be away for around three weeks at a time, so you’re able to get a proper feel for the countries that you visit. I’ve also taken advantage of my location, travelling around Australia, Bali, New Zealand, the Pacific Islands, Thailand and Indonesia. My favourite places so far have been Tonga and the Great Barrier Reef.

My Advice

Anyone thinking about making a move should do it. Don’t be put off by the idea of living away from home. Time passes so quickly and before you realise it you’ve been away for seven and a half years. I have learnt so much and have been exposed to many more opportunities. Most importantly, I found out what was available and through that was able to make a decision about what I wanted to do. In South Africa Risk Management has only just started, so I would not have been able to have gained this experience.

“Most importantly, I found out what was available and through that was able to make a decision about what I wanted to do.”

 Anyone that moves abroad will be guaranteed to have great experiences that will shape your life. It’s easier to put off idea of moving and get stuck in one way of thinking, but if you want to be a good accountant you have get out there and find out how different economies work. It’s important to remember that it’s not always about the first place you go, the experience at Macquarie was great but it wasn’t what I wanted to do. However it led to me getting the job I wanted and now I’m happy and settled.

Sydney and South Africa

To any South Africans who may be thinking the countries are identical, they’re not. The tax system and the job specifics are different.  It’s not South Africa 2.0 so it’s important to have an open mindset and then go for it. The sense of humour is certainly different, South Africans are more direct whilst Australians can be quite sarcastic. The thing I miss about home the most is my friends but there are South African expat communities all over Australia which makes it easier.

Australia and South Africa share similar climates. As a nation they have a very outdoorsy way of life, with a big focus on activities like running and swimming. This is great for encouraging a healthy lifestyle and I’ve really embraced it, swimming in the mornings and doing Zumba after work. The move has been one of the best decisions I’ve ever made.

If this story has inspired you then share it and help those who may be considering making the move abroad. To hear more case studies and find out about job opportunities please email pmcloughlin@thinkgr.com

Sun, Sea and Jobs for Accountants - Part One

Our Managing Director, Abigail Stevens, has been away for the past month taking Think Global Recruitment on the international road, seeking out the best opportunities for our accountants. In this blog she visits London and Sydney to kick-start her global tour.

 

London’s Calling

 

On the 1st March I caught my first flight from Edinburgh to a location known famously as the City.  It was there that I met with the very knowledgeable and charismatic leader, Anne Swaine of APSCo. APSCo is the UK recruitment industries trade body of which I have just been appointed the Scottish Forum Chair. The organisation was hosting an international forum for consultancies with an interest in setting up offices overseas or recruiting internationally. These forums provide the expert advice and connections which are utilised to enhance the number of vacancies available for our accountants. After that I was off to Australia!

 

From Jetlag to Business

 

As soon as my flight touched down in Sydney, I began my busy schedule of meeting firms interested in hiring international accountants. Due to the economic downturn in the market businesses were unsurprisingly cautious, however, the market definitely is picking up in a number of areas post-recession.  

 

One of the contacts I met that is now seeking other accountants to join his firm had been helped by Think Global Recruitment, making the move from UK to Sydney, as a recently qualified accountant. Craig, who is still at the same firm today, has been a Partner there for a number years. Yet another success story for a British accountant building an international career overseas and a Life Improved!

 

Whilst in Sydney, I had the fortunate experience of meeting two more women with whom we assisted to make their first move to Australia and have done exceedingly well in their careers since! The first,  Chantal, moved over from South Africa with PKF and after just under four years with the firm, moved into the financial service sector.  She has since worked her way up to be a Senior Director with NASDAQ.  Her story can be read here. The second, Dorota, moved over from South Africa as a recently qualified auditor into an Internal Audit role with Macquarie Bank.  After just under three years she moved on to another two organisations to end up in her current role as a Senior Risk Manager. Her story will be in our next blog post so watch this space!

 

Social Networking

 

Through my contacts in the Scottish Government, I was lucky enough to receive an invitation to a charity luncheon ran by David Bocklehurst OEM of Reuters Charity. The charity arranges events for big businesses across the city to network, whilst donating the profits to a variety of Australian Charities.  The event was to present the chosen charities with cheques which amounted to a total of $1.5 million! The luncheon provided an excellent opportunity to talk with a number of high-profile individuals from some of the top global organisations.

 

My final engagement in Sydney was to go to an Australian British Chamber of Commerce's Whisky  Tasting event.  The chosen Bladnoch distillery could not have been more cross-continental, with the distillery being based in Scotland but wholly owned by an Australian company. The event was a great occasion to foster new business relationships and promote the Think Global Recruitment brand. I was also fortunate enough to win the door prize that had been donated by Whisky Live of a very special Islay Single Malt that was a one off special label and only five people in the world know which distillery it was from! It was the perfect way to end my stay in this beautiful city.