Do you need a team or a one-time hire? What kind of accountant to hire for your business?
The first step in your Accountant hiring process is to establish what level of vacancy you need to recruit for, the number of roles to hire for, and what type of Accountant is needed for your business.
Here are some good questions to discuss with your HR and internal hiring teams when establishing what Accountant(s) to hire:
- What day-to-day financial tasks need to be completed and what is the complexity of these tasks?
- What upcoming finance projects do we have?
- Are there any financial areas being neglected?
- What is the scale of the workload that needs to be completed?
- What is our budget for finance team hires?
- Is there enough work for a full-term contact or is it best to hire for specific projects?
Once you’ve discussed this with your HR and hiring teams, only then can you clearly see the level you need to hire for and how many hires to make.
Types of Accountants to hire
Here’s a breakdown of the main types of Accountants:
Project Accountants are typically hired to work on specific projects.
They can be brought in on a long-term employee or a contractor brought in specifically to manage one specific project. Accountancy recruitment agencies often have experience hiring for both situations.
Project Accountants oversee anything from preparing invoices, approving expenses, planning and maintaining projects budgets, and helping ensure that projects are completed by deadlines.
Financial Accountants are the most common and typical type of Accountants, responsible for keeping track of a company’s financial transitions.
They focus on the bookkeeping side of accountancy: tracking the company’s financial position, monitoring its share value, and making statements of stockholders’ equity.
Finance recruitment agencies are particularly adept at hiring Financial Accountants due to their broader knowledge of finance skills.
Similar to Financial Accountants, Management Accountants track the company’s financial position but differ by providing reports to be used internally.
Management Accountants provide the financial information that managers need to make informed business decisions.
At higher levels, Management Accountants can make business recommendations or even be part of a company’s senior management team.
If you’re hiring an Accountant to do your taxes, a Tax Accountant is clearly the best type.
Tax Accountants deal with an organisation’s tax liabilities, track all the transactions that affect how much tax a company pays, and calculate how much tax is due.
These Accountants will also try to find ways to reduce the tax your business pays and complete all the HMRC forms to ensure the correct amount is paid.
If you need an Accountant to detect fraud and embezzlement, you should hire a Forensic Accountant.
These types of Accountants analyse financial evidence and accounting techniques to detect fraud and suspicious activity.
As part of our complete banking and finance recruitment services, we can help you find forensic accountants.
We’ll work closely with you to design a hiring plan that suits your business’ unique goals.
You’ll be helped in deciding on the type of finance role to hire for and the number of vacancies to recruit for, ultimately working towards your short-term and long-term business goals.