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Celebrating diversity in the workplace

In an age of multiculturalism and globalisation it is fantastic to see the diversity within organisations and the evermore interconnected world and economy. The nature of the workplace is changing and evolving and therefore it is important that organisations adapt to a multicultural work environment. Diversity has great potential and benefits in the global economy which means companies must look for ways to be inclusive and embrace different cultures. Within a multicultural workplace it is important to understand these differences, respect them and look at the opportunities they bring!

A diverse work culture is great because it opens up a larger pool of resources, learning styles, skills and opinions. With diversity comes different perspective on situations and different ways of solving problems, which increases the potential and scope of a company. Among employees it encourages sharing new languages, ideas and interests as well as cultural traditions or festivals. Workplace diversity can create better cultural understandings, facilitating a more worldly perspective, which is of course very valuable in the global economy. The more multicultural an organization is the more opportunities for learning and growth it has as well as having benefits of adaptability an increased respect in the workplace. Overall, by becoming more inclusive and embracing diversity we increase our capabilities not only in business but as individuals.

Here at William Scott Associates we enjoy interacting and working with people from all backgrounds from across the world. It is clear that we should celebrate diversity and difference to learn more about the amazing world around us and become more interconnected.

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Ever wondered if it’s worth taking a pay cut to work for the Big4?

So you work for a mid-tier practice firm but are keen to join a Big4 but they pay less – What’s that about? And why should I take a cut??

In an ideal world you never want to take a pay cut but why should you perhaps think about it?

 

Long term gain – playing the long game both within practice and in industry.

Within practice, candidates are often seen as more valuable if they have the Big4 background. It’s a fact that the experience you gain puts you in good stead for practice roles at smaller firms. If you can handle what the top tier throw at you then you can be confident to lead the way and make positive change if you then decide to work at a mid or lower tier firm.

If industry is your end goal then we regularly place ex-practice candidates into industry roles and typically the first demand our clients make is “they should be ex-Big4”. We’re not saying that if you don’t work for a Big4 it’s impossible to secure your ideal role in industry but what we are saying is that your chances will be higher if you do and you’ll have access to a larger pool of international companies.

 

Is it really a cut?

They may initially require you to take a small cut but salaries do increase substantially as you change grade plus you have the additional bonuses, car allowance, medical, etc that come hand in hand with the infrastructure that a larger company can offer so when you add it all up the cut may actually be a gain.

You need to make the decisions that are right for you at any particular time in your career – take the time to weigh up the options, list the pros and cons and see what the long term ramifications could be – you might be surprised.

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“I want to get out of audit!” If I had a £1……..

Done 3 years or more in audit and want to transition into the advisory world but don’t have the experience? I hear this a lot and genuinely am keen to help candidates make this step however it’s not easy. My best advice is to gain any experience you can within the firm you are in. Put your hand up to do an internal rotation or secondment to another team in the advisory space. One of the Big4 won’t look at vanilla audit seniors with zero TS/CF exposure for a role in those teams because they can source those people internally. So make yourself accessible within the firm you are in and network with the right people. Then once you have the experience you can look to navigate your way into a new permanent role at another firm.

If you’re looking to move countries and move from audit to advisory then I’m afraid that’s even tougher. Come over in audit then transition once you’re here otherwise your options will be incredibly slim OR transition where you are then make the geographical move with the experience you need.

This probably isn’t what you want to hear and I’m sure some will beg to differ with me but from my experience within the Big4 the above rings true. Opportunities within the mid-tier/smaller practice firms may well differ. As always if I can help you make your desired move then I will do my very best to do so. If I can’t I’ll be honest with you and try and point you in the right direction : )

Group Financial Controller, Essex, UK

£70,000 + car allowance + benefits

Our client is a global market leader in the Electronics sector. The group have international operations in the UK, Germany, USA, China, Singapore and Taiwan. The business is headquartered in Northern Home Counties and employs approximately 200 people worldwide.

2016 has been a successful year for the company and to support the ongoing successful growth of the business, there is a need for a talented and motivated Group Financial Controller.  This individual will be responsible for Group Financial Control working closely with the Group FD and senior management team.  The role will have an international remit, interacting closely with global operations.

This will be a visible role within the group and you will have regular interactions with the executive team and senior managers.  The role will encompass a number of project matters.  For example, due to the ongoing growth of the business and positioning itself for further future growth, there is a need to globally implement an ERP system in 2017. You will be fully engaged in the implementation of this project.

 

Responsibilities:

  • Timely accurate, and complete financial reporting including consolidation of group accounts for both Management Accounts and external financial reporting.
  • External financial reporting to include annual report and accounts, interim half-yearly reporting and supporting numbers for trading statements.
  • Working closely with other advisors and suppliers such as banks, insurers, actuaries.
  • Working closely with Group FD and the senior management team to implement and drive on-going improvement in the business.
  • Ensuring adherence to Group Reporting rules and controls
  • Responsible for adherence and provision of advice re IFRS and Group accounting standards.
  • Managing, together with the Group FD, relationship with external auditors.
  • Supporting client contract structuring and negotiations from a financial perspective.

 

Qualifications:

  • A Qualified and financial reporting experienced accountant with experience in multi-currency international finance experience.
  • Experience of working within a fast growing, product-led company.
  • Exposure to an international business environment.

 

This role requires a talented and exceptionally technical individual who has the drive, enthusiasm and motivation to support the ongoing development of this dynamic and growing international business. As Group Finance Controller, you must have the ability to develop financial reporting to highlight the challenges and future needs of the business. This role requires an individual who can add considerable value to Group FD and the senior management team, and therefore, in turn to the business.

For more information please contact leo@williamscottassociates.com or call 0203 818 6000.

UK Chief Accountant, Hemel Hempstead, UK

Up to £120,000 pa + Bonus+Benefits

This role offers the opportunity of being involved with one Europe’s most dynamic  IT services organisation.  Our client is an international market leading  information technology consultancy.  The global business employs 38,000 and has a turnover of almost €4bn.  They requires a UK Chief Accountant. Reporting to UK CFO, this is a pivotal role with extensive interaction with the senior executive team.

 

Responsibilities:

The role has responsibility for group financial reporting and central functions, including Tax & Treasury. The role will be responsible for day to day finance and accounts operations.  You will ensure the financial integrity of UK business.

Responsibility include;

  • Statutory reporting;
  • Managing relationship with external auditors:
  • Manage all central accounting teams.
  • You will leading a diverse group of teams, plus managing the shared service centre outsourced to India.
  • You will address complex accounting issues as these affect the Group’s reporting of performance and strategic direction;
  • Review of monthly balance sheet reconciliations, ensuring no surprises;
  • You will present updates to the wider Finance, Business Finance and Commercial teams.
  • You will work closely with global HQ Corporate and Commercial Finance divisional to ensure Group Accounting Policies and business performance reporting are understood.

 

Qualifications:

It is crucial that the successful candidate has:

  • ACA/ACCA or equivalent
  • Strong business and commercial acumen.
  • The ability to highlight the financial challenges and future needs of the business.
  • The ability to think strategically, supports and adds value to the executive team.

For more information please contact leo@williamscottassociates.com or call 0203 818 6000