Written by Dave Cullen
Since the economic downturn the Financial Market in Ireland has undergone a major metamorphosis. The demand for Accountants with experience in the property sector has obviously diminished considerably and the Banking sector now suffers from a lack of market confidence. In spite of the difficulties now plaguing the domestic market, internationally the outlook is more optimistic. A growing number of opportunities exist for newly qualified Accountants within the larger US Multinationals, Irish Plcs and the FMCG sector. The uncertainties in the Banking arena have brought about a renewed drive towards greater financial regulation and as a result qualified Accountants are now sought in such areas of Risk Management, Compliance and Internal Auditing.
The academic requirements for newly qualified Accountancy graduates pursuing either the practice or industry routes have also increased. There is now a greater academic expectation on graduates to achieve a 2.1 level 8 degree rather than the previously sufficient 2.2.
Opportunities in the Banking sector continue to exist in such areas as restructuring and debt consolidation. This typically relates to providing support to homeowners with 3 – 4 months’ worth of mortgage arrears. Candidates coming from small firms who are seeking new employment horizons are advised to develop their personal brand and experience based on their career achievements. With significant competition in the marketplace candidates must make a concerted effort to distinguish themselves from the crowd.
Whether you are an experienced industry veteran or a fresh-faced rookie coming straight from college, discovering exciting career opportunities is about keeping abreast of developments across all sectors. It is prudent to stay up to date on emerging trends within the market that directly relate to potential job creation in the Finance industry.
The IDA continue to attract high profile blue chip companies to Ireland, which ensures that the country remains relevant, progressive and well placed to capitalise on exciting and innovative new employment opportunities. Large Silicon Valley corporations such as Facebook, Google and Linkedin have setup offices in Dublin in the last few years; they are actively seeking ACCA accredited accountants for industries that didn’t exist 10 years ago. For example, online advertising is a considerable growth area that offers a wealth of booking keeping and finance roles. Candidates who possess a grounding in sales and marketing can enjoy a marked advantage over other applicants. Diversifying your skill-set is always recommended in order to strengthen your candidacy and increase your overall value.
For more information on Finance jobs in Ireland including Accountancy, Banking and Insurance be sure to check out some of our other blogs here: ‘Five Years on From Boom, what has changed in Ireland?’