#accountant Archives - Astute Financial

“A smooth sea never made a skilled sailor.”

A great quote by FD Roosevelt. We feel that the same applies to accountants.

It’s through the turbulent times though that we learn, in life and at work. When things don’t go quite as planned, we have an opportunity to learn, to become a better sailor – or, in the case of our clients, become a better business, and our candidates – to become better accountants.

Enjoy the smooth sailing when the seas are calm. But when the surf swells and storms brew, remember: that experience brings the ability to cope with headwinds.

The same is true of accountants and all finance professionals. From credit controllers who can free up much needed cashflow by reducing outstanding debtors to a strong Finance Director or Financial Controller who can win that key tender or negotiate better rates with that new tender. Hard experiences teach finance professionals how to cope in difficult situations.

Our Astute seafaring ode to accountants everywhere: –

What is a business, without an accountant at the tiller?

Assessing performance, the greatest biller?

Forecasting growth, future success,

How to improve profits, stakeholders to impress!

Through recession, through growth, the bad and the good,

None can enlighten like a great accountant could.

Through the choppy waters of business life,

A strong accountant can solve financial woes and strife.

A seasoned finance professional,

Can bring a steady hand and deliver the exceptional.

Financial accountants; “How much are we owed?”

Payrollers processing pay for those furloughed.

Credit controllers to keep debtors down,

Managing relationships with a smile not a frown.

Part Qualified and Finalists, improving analysis,

Working hard to avoid performance paralysis.

Accountants in the office or WFH,

Rest assured, their value alone,

Will see your business thrive and grow.

So #BeAstute, use the finance recruitment firm ‘in the know!’

Contact our team ‘in the know’ for your career development or to source an experienced accountant in your finance team: –

6 ‘astute’ Interview questions and answers to help you get a job in a pandemic

With interview requests and new jobs taken by our team at Astute Recruitment, it’s great to share some pointers for candidates about to enter the job market to give them an edge on interview.

Imagine, you’ve been selected for a job interview! Well done! It’s always great news, but especially so in such challenging times. But preparing for a job interview might be trickier than usual, too.

It would be a little weird if you and your interviewer didn’t acknowledge the global pandemic going on.

You’ll probably be doing your interview remotely, online, at least the first interview, and it’s also likely that you’ll be starting work remotely.

The people and business you’re interviewing with won’t be operating as normal, plus you’ll have to navigate different ways to work together.

Apart from the obvious, (ensuring you’re wearing smart clothes, and your Zoom background looks tidy & professional), preparing for an interview means being ready to answer some different questions. So, what can you expect to be asked?

1. How are you feeling?

It’s normal to start off an interview with an icebreaker, but in the pandemic, small talk can take on a deeper meaning.

For an interviewer, it’s a way to gauge the tone of the interview. Some candidates’ replies might reveal they are struggling, whereas others will take the question much more lightly. In either case, there is no shame in acknowledging how the Covid-19 crisis is affecting you. The worst thing would be if a candidate came across as too disconnected from the situation, which could be a hint as to empathy skills or lack of.

The pandemic is impacting people emotionally, and for an employer to ask this question, shows they care. If you are asked this question, you should show you understand the situation and are adapting to it. You shouldn’t just use the same answers that you had prepared pre-pandemic, as if you were still in a typical office setting.

2. How are you handling your work-life balance?

If you can keep a healthy work-life balance, it shows a potential employer that you’re able to manage your time independently, and be organised.

Working from home is set to continue for a lot of us for the foreseeable, meaning employers are looking for these qualities,

Companies and hiring managers need to know that even if you don’t have a team around you sitting in an office, you ARE going to be able to work by yourself, can be trusted to wfh independently and autonomously.

This doesn’t have to mean that you’re calendar-blocking each hour of your day. But this question is a prime opportunity to highlight how you can, and have been able to work productively.

In an online interview, it’s an opportunity to also build a bond as you can reflect back a question to your interviewer, e.g.”I’ve found it’s key for me to factor in a 20 minute slot to excerise /walk the dog/ play with kids. I find this improves my feelings of wellbeing and makes me more focused and productive working for the rest of the day. What works for you?”.

3. Have you learnt any new skills since March last year?

This isn’t a trick question. Recruiters

wouldn’t be put off if a candidate said they had struggled with motivation or finding time to learn at the beginning of lockdown.

Instead, they’d welcome and expect some honesty about what they’ve learnt about themselves during the pandemic.

You don’t have to pretend you’ve been on some kind of productivity marathon if you haven’t. Of course employers will want to know if you’ve added any professional skills to your CV, but talking about hobbies you’ve picked up or personal lessons you’ve learnt helps to give interviewers a glimpse of your personality and a real glimpse of you.

For instance, what you learnt about yourself could be how you discovered a new skill or the ability to step back from something. It doesn’t need to be professional, it can be something more personal.

But, how do you answer if you can’t think of anything you’ve learnt in the past few months?

Something as simple as trying out a new recipe counts. Most of us have discovered some new culinary skills 🤣.

4. What’s your ‘work-from-home set-up like?’

Potential employers have every right to ask about a candidate’s home working environment. Especially making sure that potential employees have a computer with internet access, that they have access to a telephone or a landline, and asking about the reliability of their wifi signal

Employers need to know that you have the equipment you need to do the job you are being interviewed for. However, they are aware that few of us have the perfect WFH set-up. Don’t be afraid to mention any challenges you’ve faced working from home, and how you’ve found solutions to work around them.

This is a good question for employers to ask candidates to see how creative they can be, and how they’re dealing with and have adapted to the current situation.

5. “We’re all on Microsoft Teams/ Slack/ Google Hangouts. Have you used it before?”

Of course, if your interview is on a platform you haven’t used before, you’ll want to test it out beforehand to make sure you know how to use it.

It’s also worth getting to know the main digital communication tools that are popular with businesses. Google Hangouts, Microsoft Teams, Slack and Zoom are all free to download and experiment with.

Some great advice to all candidates, is to be organised and prepared with the tech that they could be using if they are offered a job.

Lots of companies used digital communication tools before the pandemic. They’re just using them even more now. If candidates are unfamiliar with them they should definitely look them up & try them out before interviewing for a new job.

For employees who have started looking for a job after several years, this is a really useful tip.

6. Do you have any questions for us?

Pre-pandemic and lockdown, candidates would go into the office, meet a couple of members of the team. They’d get all of the contextual information before being offered the job and deciding whether to accept it.

Now, with largely online interviews, applicants don’t have all of the sensory, physical experiences through Candidates who have managed to get an interview aren’t getting the complete view of companies they’re applying for.

To counteract this, ask a lot of questions during your interview to get a clear idea of how the company works, the office culture and how you’ll work with different teams and individuals.

For starters, ask questions about training, daily tasks and communication methods. It’s equally important to ask about potential colleagues and hierarchy. This may mean clarifying who you would report to or who you can ask for help when you need it. Alternatively, it might mean taking a more informal approach to interviewing altogether.

A great suggestion for candidates is to ask, “If possible, could I have a virtual lunch with the team that I could be working with, just so I can get to know them—maybe not so much in a professional sense, but in a more casual, informal way?“

You could ask to have one-on-one meetings with potential future team members as part of the interview process. This shows you take the future culture of your potential colleagues seriously.

Companies should be understanding about these requests.

It’s really key that candidates meet more people, especially now. Particularly so if companies add a few more steps to the recruitment process. This can give applicants the confidence to be happy if they go on to secure a job offer.

Remember, it’s not just the candidate who has to adapt to the recruiter, but the recruiter who has to understand it’s a different situation for applicants too!

If you have questions around this topic or would like more information about this or something else, feel free to contact our MD, Mary Maguire, by email on [email protected]

An article by Mary Maguire, Managing Director
Astute Recruitment Ltd

Suite One, Ground Floor West, Cardinal Square, 10 Nottingham Road, Derby, DE1 3QT

T: 01332 346100

LI: https://uk.linkedin.com/pub/mary-maguire/18/73/553

LI: www.linkedin.com/company/astute-recruitment/

An article by Mary Maguire, MD, Astute Recruitment Ltd

Everyone everywhere has been touched, affected and humbled by the unfolding events. From Miami to Mumbai, from Derby to Damascus.

Politicians, scientists, and medical experts update us daily on our national progress ‘beating the curve’, what steps we need to take to protect our amazing NHS and sadly how many have succumbed. But, what next?

What is key to businesses, workers, Recruiters, and MDs is when can we get back to work? What will work look like? Will I be able to find a new job? How will my business survive? How can I feed my family/ pay my mortgage without an income?

It’s natural and normal to feel anxiety, alarm, and stress on what is going on around us now. I feel it. Everyone does.

Thats an entirely normal reaction. But it isn’t very constructive or inspiring or healthy to constantly dwell on the news feeds. Lets not focus on what’s happened, instead, what can we do? What does the future hold?

We need to view our working futures and embrace a bold, new tomorrow. Learn from remote working, digest how much can be done by workers at home.

What can help everyone is thinking ahead.

Imagine what the new normal will be.

In your mind’s eye, visualise you/ your business / your team working again. What could that look like?

I’ll help.

First, companies and business owners.

It will be a completely different business climate compared to just a few, short months ago. Many companies and businesses were doing well, looking to expand, take up larger offices, increase the number of employees.

Others were having some difficulties but just about coping, having just enough ‘in the bank’. For many, there was no contingency, no ‘rainy day’ cash for unforeseen situations. And my goodness, this needed a Noah’s Ark of a contingency!

As we come out of this, working restrictions will slowly be lifted. Antigen tests will enable employers, employees and people everywhere to finally understand if they have/ hadn’t had ‘it’ or if they are immune. As this gets rolled out, companies will have to maintain social distancing, but teams will be able to go back to work on a phased return. Many of them. All of them in time.

Employers will need to keep ahead of changes to employment contracts to cover working from home. Businesses will need to ensure the relevant insurance covers are in place to cover remote workers. HR experts like

Overhangs in business will mean remote working is a ‘thing’. If nothing else, the myriad companies who have initiated, innovated IT enabling their employees, where possible, to work from home, can see that this flexible option can work, and work well. Presenteeism should finally be killed off.

Companies will benefit from a genuinely mobile, flexible workforce. Ongoing rotas with team meetings but with the flexibility to accommodate those who need to be at home, won’t be frowned upon. Their bosses and work colleagues will know they are busy doing their jobs and are working hard in their offices at home. This is also an opportunity, as an employer, to show your staff you care, are fair and decent. If you can do this, your staff will never forget this and you will build the strongest bonds of loyalty in your workforce and retain talent.

Show your business cares about your employees. Having the empathy and time to understand the personal dilemmas faced by your staff, showing them you are there to support them psychologically and practically are key.

Ensure your balance sheet has some ‘give’, look to build trust with your suppliers, debtors and clients. Ensure protocols are in place if lockdown procedures have to come back. Preparedness and contingency planning will be essential. You need to be totally aligned with your Financial Director / Financial Controller and Senior Management team. Scrutinise your credit control processes. This is also an opportunity to build lasting relationships too with your suppliers by having proper negotiations on payment terms and perhaps temporary measures. Help your suppliers to help you.

Ensure your customers KNOW you are still in business. This is a biggie. Use great local businesses like Mark Saxby, at Derby’s Status Social to professionally keep your brand alive, online and seen by potential clients and customers.

Create useful, impactful content but always be mindful not to appear arrogant, ignorant and ill-tuned to businesses and people currently having a very hard time. Have opinions by all means, but you need to make sure not to damage your brand inadvertently.

Unsure about content creation? Organisations including East Midland’s Love Business, East Midlands Chamber, Marketing Derby are experts in business and can put you in touch with marketing content writers, often local businesses in your local area. Remember, you need to try and ensure your customers know you exist and are ready to help them when they need your service. You need to keep your brand and team alive and in the thoughts of your potential, target customers while the lockdown continues and consistently after the lockdown starts to be lifted. Now is not the time to furlough your marketing team.

Take heart too. The demands for services, retailers, manufacturers, builders, engineers and suppliers WILL return. So those companies that have used the Government’s support mechanisms and been able to utilise their accountants and credit control teams to bolster cash, WILL be in demand.

The dreaded B word, ‘Banks’. Many, many business owners, Financial Directors, CFOs and MDs have said that the Banks continue to be very nervous about lending and not as helpful as the government or the business community would like. Some much more friendly banks to approach who appear to be much more helpful are HSBC, Allied Irish Bank and Natwest.

What about employees?

Workers are beginning to realise to know just how big a seismic shift economically, socially and psychologically has been created. There is no magic bullet to get us back to where we were before. Instead, online communications via Microsoft Teams, Skype or Zoom will be key. If you haven’t already used one of these, check them out. This will be a much greater part of our working world as we move forward.

Create a household timetable. Set alarms to ping for regular breaks from work. Many, many people I’ve spoken to have struggled to work on their own and have found themselves working 4 or 5 hours without a rest. No usual office distractions are great to create focus to get projects and key work done, but it’s not healthy mentally or productivity-wise to soldier on without regular breaks.

Exercise, take a walk, a yoga workout will all help. Exercise releases endorphins, magical feel-good hormones that will sustain energy levels and make you feel better.

Set regular bedtimes for everyone in the household and regular waking up times.

One good tip I read was how making kids wear school uniforms whilst doing their schoolwork and, adults wearing more formal office attire, triggers recognition in the brain and sets the frame for ‘work time’. This hasn’t worked in my case- I’m rocking the jeans and t-shirt look! I do other things though. I have my designated ‘desks’ in the house for working and stick to them. One is in my bedroom, one is at my kitchen table and the other is the front room sofa when I’m writing articles or compiling marketing early in the mornings before the rest of my household awakens. The point? Have set, defined ‘work areas’ so that psychologically your brain shifts into ‘I’m in work mode now’.

Eat well, Eat healthily. This is a biggie. Working from home can create a lot of temptations to ‘nibble’ and ‘just pick’ at snacks constantly. I have a rule in our house – no food upstairs. So, when I’m ‘hotdesking’ in my bedroom, I’m not tempted to constantly graze on munchies. Everyone needs a treat- just keep to regular mealtimes and regular times to have that choccie bar. Try and create meals from scratch. Frozen vegetables actually have more nutrients than fresh. You can freeze soups freshly made to have the next few days.

Um, alcohol. Yes, we should eat well and not drink ourselves silly either. A healthy way of having a little of what you fancy is fine. Try and build 2 or 3 alcohol-free days during the week. Another tip is to only have a drink at regular times. For me, this is usually at 10pm when the kids are asleep! Little known fact: During the lockdown, a number of people have managed to use this as an opportunity to continue their ‘dry January’ and improve their overall wellbeing at the same time.

The point is, having routines is essential to build healthy habits that become more natural. A new habit takes just 28 days to form so some of us will only have another 1 or 2 weeks and this will begin to feel oddly part of our daily routine. If something feels more ‘normal’ in turn this can help lessen anxiety and worry.

What about my sector – Recruitment?

For my sector, recruitment, business will continue with relative ease. Our clients and team are already conducting interviews of candidates online instead of face to face and this trend looks to continue. My team and I have been using Skype and other apps for some time as a natural part of the recruitment process to help clients and candidates. This will just continue to grow. Meetings with clients will be easier and quicker to book virtually online.

Saving fuel costs.

Saving time.

Saving the environment.

The key for recruitment businesses and companies across the board, will be ensuring internal infrastructure, IT, training are all strong, faultless and as seemless as possible. Consultants need to become more and more comfortable being ‘on-screen’. That goes for employees in all offices. Online, real-time, on-time training and support, needs to be available to consultants and resourcers as and when they need support.

And what of the unemployed? What of the companies that sadly couldn’t survive?

I myself was made redundant in 2009. The gutwrenching, knife twisting agony of job insecurity I understand all too well.

But know this. When the lockdown is phased to gradually open up, there will be opportunities for businesses to be reborn and for those not working to find jobs. It may take some time, but there are great, positive steps you can take to speed up your search for a new job or business opportunity.

If you are unemployed, furloughed or feeling uncertain, there is no harm reaching out to trusted recruiters who have helped you before. But be discerning. Use the people who know you as a person, not just another candidate. Contact the companies that have been busy putting positive, useful, thoughtful content ‘out there’. These are the contacts and connections that will have your genuine, best interests at heart.

Be more active on LinkedIn or set yourself up on LinkedIn if you aren’t already. This is the proper reason why LinkedIn was set up. To allow connections with other business and career professionals to work and help each other, forge new relationships and new opportunities.

Above all, try and be positive.

Talk to trusted friends, work colleagues, and business professionals. Keep connected.

And, most importantly, even if you are on your own, know you are not alone.

If you feel things getting on top of you, reach out. Ring a friend, colleague, family – never feel embarrassed about feeling anxious. They will probably be feeling similar anxiety and be equally grateful to share some experiences.

Human beings are natural, social creatures. Our mental health suffers when we are in isolation and on our own. Talking to one another is one key antidote to dark feelings.

We are all in this together, and together we will survive.

Our next business event will be focussing on ways to cope working from home. We will be looking at how to harness your positivity, maintain energy levels and keep motivated when working remotely. We will be announcing details very soon and have a brilliant guest speaker lined up!

If anyone would like more information on any of the points covered in this article and would like a confidential chat, you are welcome to reach me through LinkedIn, email or simply call me on my mobile 07717 412 911. Alternatively, if you have any ideas for articles or information you would like us to put together – let me know!

Be Safe,

Be Well,

Be Astute.

An article by Mary Maguire, MD, Astute Recruitment Ltd

Supporting people and business.

Astute Recruitment’s Top CV Tips To Make YOUR CV Stand Out

Here are some of the latest top tips and suggestions to help ensure your CV is destined to help steer you to the job of your dreams.

1/ Highlight your affinity with technology.

Nearly all jobs now require some interface with IT, especially jobs in accountancy, where there are myriad CRMs, ERPs and other systems which need to have their data migrated to Excel to produce the best financial reporting and analysis. One of the Big 4 firms recently stated that nearly 80% of CEO’s regard abilities around AI to be THE number one asset of a business.

2/ Showcase your SOFT SKILLS. Nearly 60% of senior leaders state soft skills as being more important than ‘hard skills’.

Examples of soft skills: –

Ability to adapt i.e. How can you embrace change?
- Think of examples where you have successfully adapted to change and include these on your CV.

Your ability to be creative in thought & deed.
- AI is only as good as the programming it has been given. It cannot ‘think ahead’. People can. The ideas of tomorrow are what the bosses of today need from their teams and employees. Highlight how you are an ‘ideas’ person and how your creativity has: –

“made positive changes in your work/ or for your team/ or in your business to the company’s performance”

Talking for Success – Ability to communicate;
- Employers now need employees who can collaborate better, build stronger relationships, motivate more effectively to ultimately drive increased productivity and performance. SO, in your CV you need to showcase your verbal dexterity across negotiation, collaboration, and presentation. Just don’t forget to listen!
- Don’t forget to include your latest Skills Learned! In your second job, you may have mastered world-class skills in the IT package of the day, but the employee of tomorrow needs their CV to show an affinity with the current and emerging technologies and software. Always showcase new skills learned over the last couple of years or even in the last few months! These new skills may be the very ones that make you stand out from the crowd and secure an interview.!

So, now you have an idea of the content for your CV – you now need to hotwire it with the ‘keywords’ that many search firms program their algorithms to pick out. Yep – your CV won’t be picked out by a human being – more likely, if you are applying to one of the larger, national and international recruitment agencies – your CV will need to stand out in a sea of applicants screened by non-human eyes.

Increasingly, even smaller search and recruitment agencies are turning to algorithms to ‘sift’ through CVs. However, at Astute Recruitment, we offer the human touch and always will, to pick up the nuances of individuals. But this point in general about larger recruitment agencies is key.

How can you ‘proof’ your CV and application to overcome these algorithms?

1/ Keywords all the way!

Not just any keywords, but the ones that are specific for the targeted jobs that you are applying for. So, if you are an accountant, make sure you include keywords relevant. So for example, if you are looking for a role as a financial accountant – keywords like Balance Sheet, Consolidations, Audit, Group Accounts may well be worth you including in your skillset! Equally, if you are a Management Accountant, keywords including Variance Analysis, Profit & Loss, Cost Centres, Cost of Sales, Gross Margin Reporting, Stakeholder Engagement may be wise to include!

2/ Softskills

Again think about the soft skills that your potential boss will be looking for… “Communication” “within budget and “deadlines”. Now for the big tip. Most people include the former – but don’t qualify what they mean. i.e. “OK – you completed X, Y, Z but how much did you bring this in less than budget?” or “How much faster did you achieve your project than the original deadline? 10% faster? 30% faster?” Define your achievements with definite numbers and percentages. Make your achievements quantifiable. Show how they are continuous and year on year rather than just something achieved several years ago in a role since which you have received several promotions.

3/ Check your profile is good on social media. (Hint: This doesn’t mean having a great photo of you at the trendiest wine bar on Instagram (unless you are going for a bar job! 😊)

Instead – LinkedIn is now one of THE main online spaces for any professional employee to showcase their skills. Use the summary field, for short, succinct snippets to showcase your key attributes in work. And to do this – again use our new friends, ‘keywords’. Keep job titles straightforward. In-house recruitment specialists, HR professionals, and recruitment agencies and search firms will conduct ‘keyword’ searches on LinkedIn to identify as narrow a shortlist with the most relevant profiles for their roles. You need to try and make sure your profile is the one that appears in their searches. Avoid glitzy, busy icons, anything too ‘random’ and ‘out there’.

Yes, you want to come across as someone with ideas and creativity of thought, but you need to also come across as someone who can fit into the professional, flexible, 21st century working world.

For personal, one on one advice about your CV, or anything to help you take the next step in your career, contact our team for

confidential and tailored advice on 01332 346 100

or by email to Mary Maguire

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Mike

16:04 13 Mar 23

Highly recommended! Josh and Sarah have been fantastic at Astute. They've found and placed me in 2 jobs now between them, both really responsive and excellent at keeping you up to speed with things. Very knowledgable about the roles and happy to talk to companies with any queries you have.

C R.

10:45 27 Jan 23

Great agency one of the best ones I've worked with! Liz has been a great help and support in helping me towards a new direction in my career life. She is very attentive and keeps me in the loop at all times! She makes the extra effort to work with my preferred requirements for work and even if it isn't completely attainable she meets me in the middle and does as much as she can to help! Also Liz is very funny might I add 😂 and I'm happy that I can now put a face to the name after all these years! Thank you again Liz for all your help and support! 😊

Christine

10:32 20 Dec 22

Josh and the Astute team was very swift to help me to find roles that matched my profile. They are really reliable and will help through every step of the recruitment process going out of their way to assist and follow up when needed. Could not find a better recruitment agency!

Helen Pinegar

16:19 18 Dec 22

Fantastic recruitment agency.. Josh was extremely enthusiastic, encouraging and clearly knowledgeable about what was needed from both the employee and the employers point of view. Extremely supportive especially in regards to interview preparation and endeavoured to procure feedback promptly. Wouldn’t hesitate to recommend Astute in the future to both candidates and recruiting businesses particularly for the right fit for the role!!!

Lisa Leigh

11:56 30 Nov 22

I have worked as a candidate for Astute and they have been excellent. Super friendly service and professional agents keen to fit the right person to the right job. It has been a pleasure dealing with them and I would happily work for them again in the future. Highly recommend this agency.