Are your skills in demand?

As the finance and accounting industry evolves, the demand for specific skills continues to grow. In 2024, professionals aiming to thrive in this sector can benefit from honing their technical, software, and soft skills. Let's explore the top skills that will be crucial for success in finance and accounting roles.

Technical Skills in Demand

The evolving landscape of finance and accounting demands a diverse set of technical skills to navigate the complexities of the industry. Professionals need to focus on the following key technical competencies:

• Data Analysis and Analytics: Proficiency in interpreting and making strategic decisions based on financial data using tools like Excel, Python, or advanced analytics platforms. This skill is particularly critical, with 75% of finance and accounting job postings in 2024 requiring proficiency in data analysis and analytics.
• Technology Proficiency: Strong familiarity with accounting software such as QuickBooks, SAP, Oracle, and emerging technologies like blockchain and AI in finance. In fact, 60% of finance and accounting roles expect technology proficiency as a primary requirement.
• Regulatory Compliance and Risk Management: Expertise in compliance, staying updated on industry-specific regulations, and earning relevant certifications like Certified Internal Auditor (CIA) or Certified Fraud Examiner (CFE).
• Accounting Software: Working knowledge of accounting software programs like NetSuite, QuickBooks, or Xero to handle financial transactions and reporting.
• SAP Applications: Proficiency in using SAP software for recording transactions, managing accounts, and creating financial reports.
• Financial Modeling: Ability to represent real financial situations through abstract methods and design mathematical models to estimate the valuation of a business or compare multiple businesses.
• Cybersecurity Awareness: Knowledge of cybersecurity best practices and data protection to safeguard sensitive financial information.

Software Skills in Demand

In addition to technical skills, proficiency in specific software is a key requirement for finance and accounting professionals in 2024. The following software skills are particularly sought after:

• Accounting Software Proficiency: Mastery of accounting software such as QuickBooks, SAP, and Oracle is crucial. An overwhelming 80% of finance and accounting job postings highlight the importance of software skills in 2024.
• Emerging Technologies: Familiarity with emerging technologies like blockchain and AI in finance is essential. Approximately 70% of employers are seeking professionals with knowledge of these technologies in finance and accounting.

Tips for Companies and Hiring Managers

Companies and hiring managers looking to be attractive employers in the finance and accounting industry can follow these tips:

• Emphasize Employer Branding
• Utilize Alternative Sourcing Channels
• Focus on Diversity and Inclusion
• Offer Remote Work Opportunities
• Create Compelling Job Descriptions

In conclusion, the finance and accounting industry is evolving, placing a premium on a blend of technical, software, and soft skills. Companies that attract and retain talent with these skill sets will be better positioned to thrive in the dynamic and competitive landscape of 2024.

???: Anthony Singh

Why Diversity & Inclusion Drives Canadian Finance Growth

Imagine the boardroom buzzing with fresh ideas, each fueled by a unique perspective. Imagine a team tackling complex challenges with the power of diverse viewpoints. That's the future of Canadian finance, and diversity and inclusion (D&I) are the keys that unlock it.

Forget the dusty jargon and trendy hashtags – D&I isn't just a box to tick. It's the secret weapon for unlocking innovation, strengthening decisions, and attracting top talent. Let's face it, a room full of the same faces thinking the same way isn't exactly a recipe for groundbreaking ideas. But throw in a mix of perspectives, experiences, and backgrounds, and suddenly, you've got a think tank on steroids.

Why D&I Matters:

• It's a goldmine of talent: The finance industry often misses out on incredible individuals due to unconscious bias. D&I opens the door to a wider pool of talent, boosting your employer brand and attracting the best of the best.
• Innovation takes flight: When diverse voices are heard, fresh ideas take root. Imagine a room full of different backgrounds tackling a problem – that's the innovation engine D&I ignites.
• Decisions get sharper: Diverse perspectives challenge assumptions and biases, leading to more informed decisions. This means better risk management, happier clients, and a stronger competitive edge.
• It's the right thing to do: Beyond the business benefits, D&I creates a fairer and more equitable industry where everyone has a chance to thrive.

From Words to Action - Your D&I Roadmap:

• Goals that matter: Don't just talk the talk, walk the walk. Set clear, measurable D&I goals and track your progress. Celebrate successes and hold yourself accountable.
• Partnerships for progress: Team up with diverse recruitment agencies who understand the talent landscape. They'll connect you with qualified candidates from underrepresented groups, expanding your horizons.
• Unconscious bias? Check!: Train your team to recognize and mitigate unconscious bias throughout the hiring process. From resumes to interviews, ensure everyone has a fair shot.
• Culture is key: Build a welcoming and inclusive workplace where everyone feels valued and heard. Celebrate diversity, offer support networks, and address any discrimination head-on.
• Invest in the future: Don't just hire diverse talent, nurture it. Offer training, mentorship, and career development opportunities specifically designed to help underrepresented groups succeed.
• Be transparent: Showcase your D&I commitment on your website, social media, and everywhere else. Let the world know you're serious about building a diverse and inclusive team.

Putting D&I into Action:

• Scotiabank's Women in Finance program: Empowering women through mentorship and professional development.
• RBC's Diversity & Inclusion Council: Holding leadership accountable for progress in building a more inclusive workplace.
• TD Bank's Black Employee Network: Fostering community and career development for Black employees.

Together, We Build a Brighter Future:

At Kassen Recruitment, we're passionate about championing D&I in Canadian finance. We believe that together, we can create a more equitable and thriving industry for everyone. D&I is not a one-time project; it's an ongoing journey. Join us on this journey, and let's build a vibrant Canadian finance scene where everyone has the opportunity to shine.

???: Lesley Alaart

RECRUITMENT CORNER:

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