So what skills are employers looking for? Our industry experts give you their inside view and reveal what they think are the key finance skills for finance professionals.
1. Commercial acumen, strategy and flexibility
Giles McIntyre, senior partner for C-suite and advisory search, InX
There has been a greater focus overall on people with commercial and analytical skills within the accounting and finance field. There is a growing need for commercially focused individuals who have the ability to review financial information and really interrogate it. This trend is set to continue as more businesses place extra emphasis on understanding their marketplace and identifying what their strategy is for future growth.
Josh Rufus, manager, Marks Sattin
The modern accountant needs to be commercially savvy, with the ability to communicate with people at all levels. Clients will be looking for people who are not only technically astute, but also have excellent interpersonal skills.
Andrew Setchell, CEO, SRM Recruitment
Accountants need to be seen to be as commercial as possible. We are working in ever-changing markets, and roles, strategies and businesses reflect that. The candidates need to be willing to roll up their sleeves and muck in with all aspects of the business and not just focus on their core responsibilities. Companies want candidates who are readily adaptable and can change in evolving environments.
2. Suggest improvements and communicate them well
Simon Smith, managing director, KennedyPearce Consulting
Being a good accountant and numbers person is no longer enough. Businesses now demand fantastic communication skills, and for finance professionals to be engaged with the business and proactive in driving relationships and making business improvements.
3. The many languages of finance
Simon Smith, managing director, KennedyPearce Consulting
Employers are looking increasingly for industry-specific experience, strong academic background and language skills. The biggest frustration is a lack of qualified accountants who speak a second language fluently.
4. Soft skills and tech-savvy
Phil Sheridan, chief operating officer, Org
Accounting and finance professionals will continue to support the wider business. The role has shifted into the position of a strategic partner, and more importance has been placed on soft skills to complement their technical ability. Top accounting and finance professionals are now expected to have (or at least to be developing) leadership experience, the ability to communicate with key stakeholders across the board and the ability to interpret and articulate findings from data.
Ann Swain, global CEO, APSCo
Accountants who are tech-savvy and can demonstrate knowledge of business intelligence systems, data analytics and advanced modelling will be in high demand.
It will become increasingly important to be able to demonstrate how you can build relationships and communicate effectively with differing levels of personnel, as well as proving your technical competence that you can develop through studying ACCA.
If you're exploring career paths in accountancy, check out the accounting quiz designed to help you discover your inner accountant. These quizzes present various scenarios to gauge your suitability for the profession, focusing on ethical decision-making, numerical skills, communication, and leadership abilities. They provide a fun and insightful way to see if accountancy aligns with your strengths and interests.
Work in almost any industry
From fashion to entertainment, construction to non-profits, one thing ties (almost) every industry together - they need finance professionals to manage and advise them. When you train for ACCA exams, you gain skills applicable to any industry of your choosing. Upskilling courses can further enhance these skills, while focusing on how to improve cognitive flexibility will prepare you to adapt and thrive in diverse professional environments.
