OUR TIPS FOR CONDUCTING A SUCESSFUL INTERVIEW

Celebrating International Day of Accounting with David Cameron, Vice President of the LCASS

International Day of Accounting is an annual celebration to commemorate the publication of Luca Pacioli's book on double-entry bookkeeping in 1494 which is the bedrock of modern day accounting. In the modern day, International Day of Accounting is about the appreciation of the crucial work Accountants do and the recognition of their importance for business longevity and success. This year, we caught up with David Cameron of EY's Restructuring Team and Vice Presidentof the Leeds Chartered Accountants Student Society (LCASS) to gather his advice for those in the early days of their accounting career and insights about all things ACA.Starting a Career in Accounting 1.What advice would you give to someone just starting their career in accounting?I would say the sooner you realise that all of the exams require a fair amount of work and can’t be blagged (no matter how easy you found A-levels or university), the better. ACA is tough but I think it is certainly passable for most people, as long as you put the work in. The next big piece of advice I would give is if you go into the initial mundane tasks, when you first start, with a positive can-do attitude, it goes such a long way. The people who go into tasks with that outlook often find they move onto much more interesting tasks, quickly. Finally, the last tip I’d give to anyone starting out in accountancy is start building your network straight away, not only will it benefit your career in the end when everyone climbs the ranks together, it is even more beneficial from a social point of view at the junior levels. People you meet at networking events will become your friends and just enhance your overall experience when you are starting out. 2.How can recent graduates make themselves stand out to potential employers?It sounds cliché but I think showing your personality in an interview and just being yourself is something people feel as though they shouldn’t do. I really believe that that’s by far the easiest way to stand out. The majority of applicants will also have a great CV, the way you will stand out is by the employer thinking that they will enjoy working with you every day. Picking an ACA Specialism 3.Can you share some insights on the different specialisms available whilst studying ACA?Audit and Assurance:Examining financial statements and processes to verify accuracy and provide confidence to stakeholders through regulatory compliance. Tax:Advice on tax planning, compliance or strategy, dependent on what department of tax you’re in. Transactions:This could be a role in Mergers & Acquisitions/Corporate Finance, Transaction Due Diligence or Restructuring. 4.How did you decide on your own specialism, and what influenced your choice?I work within the Restructuring service line and absolutely love it. I’d always had a big interest in how businesses work operationally, and Restructuring allows me to assist businesses through times of distress with the hope that we can help to provide a solution to save/improve the business. Being in the service line I am in, it has allowed me to think outside the box and use problem solving at work as there is never the same solution for each business in a time of crisis, with solutions ranging from running an accelerated sale process of the business to possibly refinancing its existing debt. What the ACA Has to Offer5.What are the key benefits of pursuing the ACA qualification?First and foremost, the comprehensive skillset you acquire through completion of the ACA qualification shouldn’t be overlooked as it allows you to apply knowledge you have learnt from topics/exams usually unrelated to your usual job role to situations where it is required or even personal situations. I believe that the practical work experience you gain (at least 450 days of practical work experience) whilst completing your ACA enables you to improve your technical skills at a far quicker rate as you are utilising knowledge you have learnt at work on a daily basis, to better your understanding of the technical aspects, something which you don’t get to do at university or school. I would say the largest benefit is realistically the career flexibility and opportunities it allows you to have access to. As mentioned above, there are so many different avenues that you can go down through having an ACA qualification. If you don’t like one role, you can quite easily try something different. 6.How does the ACA prepare accountants for the challenges both inside and outside of the profession?As touched on above, the comprehensive knowledge gained from an ACA qualification is fantastic and can be applied to so many different scenarios outside of an accountancy role, such as personal tax planning or even the strong financial acumen gained to assist with running your own business. ACA also of course reiterates the importance of ethical behaviour and integrity throughout your studying period which helps instil such traits into students. Learnings from this will help students make correct decisions at work or even in their own personal life when faced with difficult choices. Personal Journey into Accountancy 7.Can you tell us about your journey into accountancy and what inspired you to choose this career?I joined the EY Leeds Restructuring team back in 2020 via the school leaver programme. I probably got unlucky with the year I joined given we were in the midst of the pandemic, however, what I was certain of even back then was no matter what, I still just wanted to get into work rather than continue full time education. I was keen on the potential qualifications I would come out of university with; however, I knew that I had always much preferred working throughout school than the education side of things. I was drawn to the Restructuring apprenticeship due to the element of problem solving involved and the opportunity to leverage commercial skills. Admittedly, I wasn’t overjoyed about the prospect of 15 ACA exams, however, I knew the end goal was worth it and provided some incentive. Four years later and I have completed my ACA and my apprenticeship. I’d recommend this path to many, for the experience and level of qualification I’ve been able to obtain by such a young age, coupled with the opportunity to meet so many people that will be mates for life. 8.Looking back, is there anything you would have done differently in your career path?Nothing I would change that’s in my control. It would’ve been ideal to have joined at a time outside of the pandemic as it did effect the social side of things for the first year or so. To find out more about the ACA click here.Looking for your next career move in finance or accountancy? At Sharp Consultancy, our expertise lies in matching your potential with the perfect temporary, interim, or permanent position. With a well-established presence in Leeds and Sheffield, our seasoned team of consultants extends their services across Yorkshire and beyond. Don't wait for opportunity to knock, reach out to us TODAYand let's chart your career path together.

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The interview is one of the most important aspects of the hiring process; but it’s not just candidates that need to prepare and put themselves in the best possible position for success – the interview is a two way street! Here are our suggestions for the best ways in which employers can conduct an effective interview.

Decide the format of the interview

Not all interviews take place face to face nowadays so you need to understand what format of interview will be best for the position that you are looking to recruit. Some initial preliminary interviews may take place over the phone or if travel costs and time are potentially prohibitive Skype or video calls may be a suitable solution. A one-to-one interview is still the most popular choice for many employers whilst a number may opt for a panel interview where a candidate will meet multiple people from the organisation. Also decide if the interviews will follow the same format with the same questions being asked to every candidate or if it will be less structured and more based around conversation.

Who should conduct the interviews?

The interview format that you decide upon will often influence the choice of interviewer/s. It is often the case that the direct line manager of the role that is being filled will be an obvious choice and depending upon the position, a department head or similar will sit alongside. As the interview is as much about the company selling the opportunity to the candidate, it is important
to choose someone who will be able to be enthusiastic about the role available as well as being a great advocate of the business, its culture and what it is like to be part of the team.

How long will the interviews last?

It is important to strike the right balance between giving yourself – and the candidate – enough time to find out all you need to know about each other whilst ensuring that the interview has good pace and duration to it, particularly if you are conducting several interviews within the same day. An hour is usually a good benchmark with slightly more time being allowed for second interview or more senior level appointments. If you are planning a series of interviews, make sure you leave enough time between appointments so you don’t create a backlog if things run slightly over.

The practicalities

Make sure you think about where the interviews will take place and ensure any room bookings are made well in advance. Consider if any refreshments are to be served and who will be greeting the candidates on arrival and looking after them beforehand. Details should be sent to each candidate well in advance including date and time information and a note of how long the interview is likely to take and who they will be meeting as well as any special instructions that they need to know about access to the building or any supporting material you would like them to bring to the interview.

Be prepared

It is useful to have a pack of information for each candidate that contains a copy of their application, their CV and covering letter, any letters of recommendation and any submitted tasks or exercises that you have requested be completed as part of the application process.

Consider your questions

It is important to ask the right questions to ensure that you glean the information that you want to from each candidate. As well as looking through each CV and making a note on key points that you would like to know more about, prepare a few standard questions that you can ask each person such as ‘what interests you most about the position’, ‘why would you like to work for the company’ or ‘how do you see yourself developing in the role’.

Help your candidates to relax

An interview can be daunting for some so help the interview go well – for all parties – by giving each person an opportunity to get settled and prepared before you start. Make sure they are comfortable and offer them a drink and ask them a few casual questions – ‘did you find us without too much trouble’, ‘how was your journey’ – to
help them relax.

Wrapping up an interview

Give the candidate an indication of what the next step is likely to be an expected time-frame in which you should be able to get back to them by. Make sure you inform each candidate of the outcome – whether they have been successful or unsuccessful – as promptly as you can. If you need a little more time to consider your decision, ensure that you keep those involved in the loop so that you don’t miss out on your preferred choice because they feel you are not interested through lack of feedback.

Sharp Consultancy specialises in the recruitment of temporary, interim and permanent finance professionals. With offices in Leeds and Sheffield our highly experienced team of consultants recruit for positions throughout Yorkshire and beyond CONTACT UStoday to discuss your recruitment needs with a member of our team.