Tag: financial staffing seattle

Qualifications for Your Financial Team

by Jeanne Knutzen | June 21, 2013

0 Blog, Finance/Accounting Roles Financial Qualifications You Need, financial staffing seattle, Hiring Financial Staff, Hiring Your Financial Team, Seattle Staffing, Seattle Staffing Agencies, Seattle Staffing Agency, Seattle Temporary Staffing, Seattle WA Staffing, Staffing In Seattle WA

As your business expands and your market footprint begins to grow, the size of your staff will need to keep pace. Hiring demands will pick up across all aspects of your company from production to customer outreach, and your financial department will be no exception. While you may have handled most of your accounting needs on your own during the early chapters, this just isn’t realistic beyond a certain stage. You’ll eventually need a CPA to manage to your tax responsibilities, a book keeper to monitor your revenue streams and cost centers, and eventually a controller to make sure your shareholders understand what’s happening behind the scenes. What kinds of traits and skills should you be looking for as you move forward with your financial hiring process? Keep these considerations in mind. Chief Financial Officer A CFO manages and oversees all aspects of your company’s financial operations. From keeping costs under control, to improving efficiency in processing, to monitoring all financial reporting, the CFO holds final accountability for this aspect of your company. There are no specific qualifications or licensing requirements for CFOs, but this should be a person you trust as a money manager and also as a leader. He or she should hold a four year degree in business management or finance—at the very least—and should possess exceptional leadership and communication skill. Certified Public Accountant Your CPA is the person who will ensure that your company functions in accordance with state and federal regulations, which include tax payment and filing issues. Since CPAs interact directly with the government and the legal system, they’re required to abide by strict licensing and certification requirements that vary by state. Before you consider any candidate for a CPA position, make sure he or she holds these credentials and ideally has some experience with your specific type of business (LLC, partnership, sole proprietorship, etc). Controller Your controller will handle all your company’s issues related to financial reporting. These will include shareholder communications, long term business forecasting, and budgeting. A controller should possess an MBA or a four year degree in finance or accounting. Advanced CFA, CMA or CPA certification suggest an additional measure of competence. In addition to the positions listed here, you’ll also benefit from the skills of an advanced accounting staff and at least one book keeper, an entry level employee who keeps track of sales figures, invoices, and operating expenses. For specific guidance as you begin the recruiting process for each of these roles, reach out to the financial staffing experts at Pace.

What Financial Managers Should Look For In a New Hire

by Jeanne Knutzen | April 19, 2013

0 Blog, Finance/Accounting Roles, Human Resource Roles financial staffing seattle, financial staffing services seattle, Hire Talented Financial Employees, Hiring Financial Employees, Jobs In Seattle WA, Screening Financial Employees, Seattle Staffing, Seattle WA Financial Jobs, Staffing In Seattle WA, Temporary Staffing Seattle, What Financial Managers Should Look For

As you factor in the state of the financial job market, the unique needs of your company, and your available position, what kinds of traits should you consider valuable in a potential candidate? Which qualities should you consider red flags? When you see signs that seem promising, should you act fast and make a decision? Or should you consider the depth of your candidate pool and hold out for more? Keep these considerations in mind as you move through the selection process.

1. First, review the hiring successes and failures of the past. Gather a few profiles for careful examination, including those of the best candidates hired in the past five years and the worst (those who stayed for only a month, were difficult to get along with, or were dismissed after expensive mistakes). What made the great ones stand out? Why did the weak ones fail? And were there any signs of either success or failure that were visible before the candidates were brought on board?

2. Second, separate cultural considerations from technical knowledge and skill. A great candidate means a great “fit”, and fit includes a combination of both attitude and aptitude. Technically skilled candidates won’t thrive if they resist the culture, and likeable candidates will only prosper if they can master the job without excessive stress.

3. Choose candidates who will stay. This may mean letting go of the highly qualified or overqualified superstars, and turning instead to slightly less trained or less experienced applicants. These applicants can be hired at a premium, trained while on the job, and end up just as skilled and a little more grateful and loyal than their superstar counterparts. No matter who you hire, superstar or not, be sure to implement retention strategies to keep your valuable employees.

4. Choose candidates that are flexible and ethical. New regulations affect the financial industry on a regular basis. Are your candidates ready to let go of old models and embrace new ones quickly and fluidly? Are they interested in doing what’s right and going the extra mile to stay aboveboard? Or are they entrenched, entitled, sullen about change, and reluctant to break old habits and patterns?

5. Choose candidates who show respect—Not just for the company, but also for its business model, its customers, its clients, its stakeholders, and the larger community. Look for candidates who consider the big picture and are interested in how the entire company works, including revenue generation.

Reach out the Seattle staffing experts at Pace for more information on screening, hiring and retaining only the most talented financial employees.