Accounting Technician CV Writing Tip's
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Accounting Technician CV Writing Service
Accounting Technician CV Writing Service
If you enjoy working with numbers, and you are interested in business and finance, this job could be ideal for you.
As an accounting technician, you would deal with accounting and finance matters for all types of business. In larger companies you would usually work as part of an accounts team. In a small business you may be the only person dealing with the wages and invoices.
You will find it helpful to have previous experience of office work. Some employers may prefer you to have at least four GCSEs (A-C) including maths, or a qualification at a similar level. Once working you would then do work-based training or a part-time college course to qualify as a technician.
To be a good accounting technician you need to be confident with numbers. You will also need to have good organisational skills.
In all company sizes, your typical duties would include:
- processing and paying invoices
- recording receipts and payments
- preparing and checking ledger balances and other monthly and yearly accounts
- completing and submitting tax returns, VAT returns and National Insurance contributions
- handling company expenses
- using computerised accounting systems.
With experience, you might take on supervisor responsibilities and more complex tasks, such as:
- preparing financial reports
- planning and budget control
- helping qualified accountants with accounts inspections (audits).
In a full-time job you would usually work standard office hours, Monday to Friday. Part-time hours and temporary work are often available.
You would mainly be based at an office. If you help accountants with audits, you may travel to visit clients’ businesses.
Starting salaries at foundation and intermediate levels can be around £15,000 to £22,000 a year.
Once qualified to technician level, salaries can reach up to £30,000 a year.
Figures are intended as a guideline only.
You will find it helpful to have previous experience of office work. Temporary work can be a good way of getting experience that may lead to a permanent job. Computer experience is also useful, particularly in using spreadsheet and database packages like Microsoft Excel and Access. Most importantly, you should feel confident working with numbers and using computers.
Entry requirements may vary, although employers may prefer you to have at least four GCSEs (A-C) including maths, or a qualification at a similar level.
You may start as an accounts clerk, carrying out basic accounting duties in a company. You could then do work-based training or a part-time college course to qualify as a technician with the Association of Accounting Technicians (AAT) or gain the Association of Chartered Certified Accountants (ACCA) Certified Accounting Technician (CAT) Qualification.
The level of AAT and CAT training you start at can depend on previous qualifications and experience. You might not need to complete every learning and assessment area if you already have one of the following:
- AS or A Level in Accounting
- previous relevant work experience in accounting
- an entry level bookkeeping qualification (see the Accounts Clerk profile on this website).
The Diploma in Business, Administration and Finance provides a good introduction to working in financial services.
You may be able to become an accounting technician through an Apprenticeship scheme. You will need to check which schemes are available in your area.
Training and development
Your training will normally be a mixture of learning on the job and studying for qualifications from the Association of Accounting Technicians (AAT) or the Association of Certified Chartered Accountants (ACCA).
Association of Accounting Technicians (AAT)
The AAT Accounting Qualification replaces the previous college-based diplomas and work-based NVQ routes. It has three levels:
- Level 2 Certificate
- Level 3 Diploma
- Level 4 Diploma.
There is also a Level 1 AAT Access course, covering basic business and accounting. Some training providers offer this as a qualification in its own right. Others may combine it with the Level 2 AAT Certificate in Accounting.
You can study for the AAT Accounting Qualification full-time or part-time at a college or approved training centre, by distance or online learning, at home, or in the workplace.
Each level counts as a qualification in its own right. Completing the final level leads to the full AAT Accounting Qualification. For full membership of the AAT you must pass Level 3 and 4 of the qualification, and you must have been an AAT student member for at least a year. See more details on the AAT website.
Association of Certified Chartered Accountants (ACCA)
The ACCA has new Foundation in Accountancy awards, which include a revised Certified Accounting Technician (CAT) Qualification. To qualify through CAT you must:
- pass exams at the three levels (Introductory, Intermediate and Diploma)
- complete two of three specialist papers
- keep a training record of at least one year’s practical accounting experience.
You may be able to claim exemptions for some exams, depending on your practical experience. There are transfer arrangements for students who are part of the way through studying the old CAT syllabus.
You can study for the Foundations in Accountancy and CAT full-time or part-time at further education colleges and private training centres, or through home study. See the ACCA website (Foundations in Accountancy section) for details.
Once you are fully AAT or CAT qualified, you could continue studying to become a chartered accountant. All of the professional accountancy organisations offer fast-track routes and exemptions if you are an AAT member or CAT qualified.
Training and development
To become an accounting technician you will need to have:
- confidence working with numbers
- good spoken and written communication skills
- an interest in business and finance
- good organisational skills
- the ability to solve problems and analyse figures
- a high level of accuracy and attention to detail
- the ability to work to strict deadlines
- honesty and discretion.
You could work for companies in every business sector, or in the public sector.
There are opportunities throughout the UK. Jobs may be advertised in the local press, Jobcentre Plus, and by recruitment agencies.
With experience, you could move into management or become self-employed and work on accounts for a number of small business clients. You could also choose to study further and become a qualified accountant.
AAT and ACCA qualifications are recognised across the world, so work overseas may be an option.
Related industry information
The financial services industry is represented by the Financial Skills Partnership (FSP) which includes the following activities:
- Banking – for individuals and businesses to manage their money, access loans, buy property, exchange currencies and many other activities. It is organised into three core categories: Retail; Corporate; and Wholesale banking.
- Investments – managing and growing the wealth of individuals and organisations
- Insurance – covers a huge variety of risks, from cars and houses to ships, planes and satellites.
- Financial Advice – about working with people to plan their financial goals, based on their current situation and looking at the best ways they can achieve their financial objectives, such as helping someone to choose a mortgage, invest their savings or plan for their retirement.
Almost 1.2 million staff in 34,000 workplaces constitute the UK’s financial services sector, from online car insurers to retail banking giants, and from self‐employed independent financial advisers (IFAs) to global investment banks. Operating under a regulatory framework unique to the UK, the sector facilitates the allocation of capital, promotes confidence and continuity in life and business by managing risk and maintains the transaction systems that the rest of the economy relies on to conduct its business.
- 47% of firms employ 250 people.
- Employment is dominated by a handful of large employers, most notably the high street retail banks, e.g. Barclays, HSBC.
- 29 % of the financial services workforce is employed in administrative or secretarial roles.
- About a quarter of the workforce is in associate professional and technical roles.
- Managerial roles, including owners in private companies and the self‐employed, account for 37% of the workforce.
- Employment growth in UK financial services has been weak when compared with other countries, notably the US
- Recently, there have been notable declines in employment numbers because of the recession
- Staff turnover has declined, as fewer vacancies and concerns about the recession may be deterring people from changing jobs
Jobs in the industry range from:
- Insurance – underwriting, broking, customer services, sales, risk management, compliance, training, actuarial and administrative roles
- Investments – asset management (sometimes called fund management), product development, product management, investment analysis, relationship management
- Banking – retail banking (customer services, customer advice, financial advice, foreign exchange and branch management); corporate banking (corporate advice, relationship management, small business management and corporate management); and wholesale banking (mergers and acquisitions, research, sales and trading, and corporate finance)
- Financial advice – mortgage adviser, independent financial adviser, compliance practitioner, pensions adviser
National and regional data
East Midlands – retail banking dominates financial services employment in the East Midlands. Women make up 53% of the workforce and 51% of workers are aged 35‐59. Full‐time employees account for 73% of the workforce and the average salary is £29,383.
East of England – insurance and insurance broking make up the most important parts of the financial service economy in this region, with Norwich a main centre. The region employs 12% of the country’s financial services workforce, with the majority, 88%, full‐time. Men make up 56% of employees, with 57% of workers aged 35‐59. Average earnings are £34,433.
London – this is the major centre of the UK’s financial services industry, centering on the City and Canary Wharf. Wholesale banking and insurance, investments and exchange markets are all well represented here. Almost of quarter of the workforce; 24% is based in London. Men make up 66% of the workforce and most jobs are full‐time, 94%. The majority of employees; 49% are aged 20‐34 and the average salary is £86,779 although this is heavily skewed by the number of high‐earning posts in the City. For most, the average is much lower.
North East – insurance broking and banking are the most important financial services in the region, with Newcastle the main centre of activity. Around 3% of the UK workforce is based in the region. Women form 66% of the workforce and 63% of workers are full‐time. Employees aged 34‐59 make up the largest share of the workforce at 52%, and the average salary is £27,219.
North West – Manchester is the biggest centre in the region but Chester, Macclesfield and Stockport are important clusters. Banking and general insurance form the bulk of businesses. The region employs 9% of the UK’s financial services workforce, with women making up 56% of employees, and most jobs are full‐time, 80%. Workers aged 34‐59 form the largest section of the workforce at 57%. The average salary in the region is £28,416.
South East – the region is second only to London in size, taking up 15% of the workforce. The gender split between men and women is fairly even at 54% and 46%, respectively, and 60% of all employees are aged 34‐59. Most people are employed full‐time, 84% and the average earnings are £37,298.
South West – The main centres for financial services in this region are Bristol, Bournemouth, Gloucester and Swindon. The sector here makes up 7% of the UK’s sector total. Women form 59% of the workforce and the majority of jobs are full‐time, 75%. People aged 34‐59 form the largest share of the workforce. Average salary for the sector is £34,910.
West Midlands – the region employs around 6% of the UK’s workforce, with the majority centred on Birmingham. Banking, general insurance and credit are the most important sub‐sectors here. Men make up 52% of employees, with 72% of jobs overall being full‐time. Workers aged 34‐59 are in the majority at 52%. The average salary is £29,014.
Yorkshire and the Humber – the emphasis across the region is on retail banking and makes up 7% of the country’s workforce. There are slightly more women than men working in the sector at 51%, and 81% of jobs are full‐time. Once again, the 34‐59 age range is most common among employees, accounting for 51%. Average earnings are £27,481.
Scotland – financial services in Scotland range from retail banking to pensions and car insurance, with centres of activity in and around Edinburgh, Glasgow and Dunfermline. Over 2,100 companies are directly involved in the industry, providing 7% of the UK’s financial services workforce. The most common age range of employees is 34‐59, and most people work full‐time, 81%. The average salary for the sector as a whole is £35,016.
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