As accounting firms adapt to new ways of working, many of them are ready to resume hiring. The firms at the forefront of change have not only adopted new digital solutions, but are embracing a new culture of innovation, transparency, and flexibility. Despite this influx of exciting new accounting jobs, some accounting professionals are hesitant to explore new opportunities as the pandemic evolves and the busy season unfolds. If you fall into this group, you risk missing the boat on unique opportunities with firms that are leading the way in digital transformation. Read also: Evolving Accounting Trends: How Firms Are Adapting To COVID-19.
“After a slow year of hiring, many companies came into 2021 with a renewed focus on onboarding new talent,” says Richard Kahl, a Senior Director in The Execu|Search Group’s Accounting/Finance division. “The pandemic accelerated the need for firms to adapt to new technology and allow staff to work remotely. These changes have afforded them the ability to hire and onboard staff virtually, giving accountants more flexibility to explore the market and interview for accounting jobs. With the ability to interview on your own time, now is a great, low-pressure time to look for a new opportunity across several specialty areas!”
Looking to take advantage of the influx of these new accounting jobs? Here are three in-demand areas for hiring across the industry:
With busy season in full swing, what’s normally a quiet time for hiring for public accounting firms has changed considerably in 2021. “Initially, firms planned for a decrease in business at the onset of the pandemic, but that ultimately didn’t happen,” says Michael Cooke, Partner and Executive Vice President at The Execu|Search Group. “Because of this, companies are now more inclined to hire during busy season than they have been in the past. If you meet the minimum qualifications of the role, have your CPA, and are tech-savvy, you have a great foundation for a successful public accounting job search.”
Additionally, companies are increasingly looking for candidates with a public accounting background, and this trend will continue for the foreseeable future. “Regardless of the type of firm or company you’re looking to work for, companies are always looking for candidates with a public accounting background,” says Michael. “With this in mind, if you’re thinking about your career in the long-term, the career outlook for public accountants has never looked brighter.”
Hiring needs for tax accountants continue to meet pre-pandemic levels—allowing tax accounting to remain a great career option for those wanting to prioritize stability. “After an uncertain and unpredictable year, accountants may be prioritizing a steady career more than they have in the past,” says Rich. “There will always be a strong demand for tax accountants regardless of circumstances, which makes it a great risk-averse career option.”
Financial Reporting + SEC Reporting Accountants
With the influx of IPOs and SPACs coming into the market, the need for accounting professionals with Public and/or SEC Reporting experience is high. “If a company is looking to IPO, they have to be sure that all of their financials are in order prior to going public, as they will face intense scrutiny that will only continue once they officially become a public company,” says Michael. “This means that they need someone who can quickly and efficiently help put together and analyze financial statements and its related reports. Professionals who are able to do this, especially those out of a public company, have a significant role to play in helping companies launch a successful future.”