Think Global Recruitment

Gulf Club, Pass Magazine

Chartered Accountants' Ball, Edinburgh, No.1 Magazine

Chartered Accountants' Ball, Dublin, Accountancy Ireland

Worldwide Presentation, Dublin, Accountancy Ireland

Travel counts as top goal, MX Careerone

Accountancy Worldwide Forum, Sydney, Charter Magazine

Global demand for Aussie Accountants, MX Careerone

Hot spot for luxury life, MX Careerone

Communicate Success, City Weekly Sydney

Global Business Etiquette, Accountancy South Africa Magazine

Scots thrive on the Diversity, CA Magazine

 

New Zealand to Bermuda, Escapeartist.com

Think Global Recruitment assisted Josh Boston to move from Wellington, New Zealand to Bermuda in September.

Why did you decide to move overseas?

I decided to move overseas for career development, higher compensation and to have a base for further travel.

 

'I decided to move overseas for career development, higher compensation and to have a base for further travel.'

Has your move met your original expectations? How?

Yes and no. Bermuda is what I expected with warm weather, friendly people, no tax yet high cost of living. My job’s not exactly what I was expecting – much easier than I anticipated.

What has been the biggest benefit of moving?

The biggest benefit of moving overseas is being able to pursue a career in funds management, which isn’t really possible in New Zealand.

Has your standard of living/quality of life improved? How?

About the same – the weather a little nicer than in New Zealand, so I’m able to be outside a little more than I otherwise would be able to. It’s probably a little more restrictive here in some respects – car ownership depends on where you live, the Island is quite densely populated and you can’t really settle down here because of restrictions of how long you can stay.

Everything's fairly expensive here, which is understandable given that everything is imported to the Island. People don't seem to mind too much as the lack of tax clearly outweighs the higher prices.

Several cruise ships pass through here each week during summer, so town really livens up at these times as street carnivals take place with bands, traditional dancing and souvenir shops open everywhere. Of course, the pubs and night clubs get pretty good too.

What job are you currently doing in Bermuda?

My job is as an account manager for Butterfield Fund Services. We basically look after 100 or so hedge funds so the job is mainly pricing and trading for these funds. There are about 80 staff and luckily for me there are only a couple of us who also have law degrees which means that I’ll also be working part-time in the legal team once I’ve found my feet a bit.

Have you taken up any new activities/sports?

No new sports yet, but I’m continuing to play cricket, golf and squash. I intend to take a diving course in the summer.

What has been the most difficult part of moving abroad?

For Bermuda, the most difficult part has been the waiting period. I knew I had the job but had to wait for my visa to be approved by Immigration – everything runs on “Bermuda time” here!

What advice would you give to other Accountants who are considering relocating abroad?

Make sure you know how much living costs will be, especially in a place like Bermuda where you need to be on a much larger salary than at home to have the same standard of living. You’ll hear hundreds of stories both positive and negative, but if you are friendly and keep an open mind to different experiences then you’ll be fine no matter where you are.

What are the main work culture differences you have noticed between your home country and overseas?

Working with people from literally all over the world – US, Canada, UK, Europe, South America, Africa, Asia.

Bermuda shorts! One in six guys here still wears them at this time of year and I’m loving being one of them! There’s actually quite a lot of thought in deciding colours. Apparently you’re supposed to match either socks with shorts, socks with shirt or shorts with tie. I found it pretty confusing at first, but after seeing people wearing bright red, pink and yellow I’ve decided not to take it too seriously. Unfortunately I have to wait ‘til next season for more of the bright colours!

'Bermuda Shorts! There’s actually quite a lot of thought in deciding colours. Apparently you’re supposed to match either socks with shorts, socks with shirt or shorts with tie!!'

Transport! After a couple of days of getting the bus to work, I had to hire a scooter. The bus trip (from door to door) took over 45 minutes in rush hour traffic (!!) while the scooter takes 20.

What have been the highlights so far about life abroad?

The highlights so far have been meeting and becoming friends with people from all around the world and being close to the US and UK for holidays.

What, in your opinion, are the advantages of working overseas in terms of gaining future employment?

It depends on the job rather than what country it’s in.

What were the advantages of applying for a job through Think Global Recruitment?

Think Global Recruitment is the only firm that I could find that could help me get a job in a less travelled to destination.

 

The Caymans are calling, Pass Magazine

One of Britain’s few remaining Caribbean dependencies, the Cayman Islands hosts a sophisticated financial services arena that will surprise many enterprising accountants, says CALUM ROBSON.

'The islands are home to over 600 international banks - including nearly all the top 50 - as well as more than 500 insurance companies and some 2,000 investment funds (only London, New York, Hong Kong and Tokyo boast larger numbers).'

The world’s fifth-largest financial services centre, the Cayman Islands has come a long way since turtling was the mainstay of its economy. Today, the islands are home to over 600 international banks - including nearly all the top 50 - as well as more than 500 insurance companies and some 2,000 investment funds (only London, New York, Hong Kong and Tokyo boast larger numbers). Its population of 50,000 includes a sizeable professional community of auditors, tax consultants, finance managers and analysts, making it a popular destination for British-trained accountants looking for an international career move. The islands may have provided a safe haven for Carlos Solis’s dodgy bank account in Desperate Housewives - but the reality is that the territory enjoys an impressive global reputation for its tight regulatory and compliance regime. Accountants with experience of working there subsequently find themselves in demand the world over. And while hunting turtles has long been outlawed, there are a host of less bloodthirsty activities on which to spend that tax-free salary and take full advantage of the Caribbean climate and lifestyle.

A waiting game

Those aspiring to join the big names in banking and insurance on the islands will probably have to cut their teeth in practice first - but after a couple of years, their skills will be highly sought-after: ‘Insurance, fund management and investment management companies like to hire people who have experience within the local auditing market,’ says John Frazer, business manager for Think Global Recruitment. lsquo;Many people completing contracts with the Big Four or smaller firms find that they’re not ready to move away from the islands - and therefore provide a steady supply of recruits for financial services employers here. About 90% of the roles recruited internationally are into practice, but the job market for people with two years post-qualification experience is extremely fluid and diverse.&rsquo

Although there are openings within tax, many of the financial companies in the Caymans are US-owned, making knowledge of American tax laws a common requirement. But specialisation is still very much a possibility in audit - with most firms grouping their staff into distinct teams specialising in hedge funds or insurance, as well as structured finance, where clients might include commercial banks and real estate companies Where accounting firms in the Caymans differ from their UK counterparts is in how specialist work is often incorporated into more mainstream workloads. ‘People tend to be drawn from the audit pool into areas such as corporate finance and insolvency,’ explains Frazer. ‘Because the firms may only have 200-250 staff in their office, they don’t have large departments outside audit. They’d typically have a few senior people with strong knowledge in those areas and resource themselves from the auditors to service client needs. So, although your job title may be audit senior, you might actually spend 25-30% of your time on specialist projects.

Relaxed and sociable

Helena McGrath recently joined a Big Four firm in George Town, the capital, believing it would enhance her cv: ‘I always wanted to travel but preferred the option to work abroad,’ she says. ‘For future career development, international experience is viewed positively by prospective employers. I chose the Cayman Islands for the lifestyle and climate.

'For future career development, international experience is viewed positively by prospective employers. I chose the Cayman Islands for the lifestyle and climate.'

‘And as I’d anticipated, it’s a relaxed work and social environment. Your work schedule is busy but the office atmosphere is relaxed and helpful. The proximity of the Cayman Islands to the US and South America is also ideal for travel.

However, not everyone is presented with the same optimistic picture when investigating a move to the Caymans. Skill shortages in the UK mean employers desperate to hang onto their staff may sew seeds of doubt - and not always with the best of intentions.

‘People working in UK firms may hear their partners telling them that a move to the Caymans will put their career on hold - and that the experience won’t be well-regarded when they return or move elsewhere,’ says Frazer. ‘But that’s untrue - we’ve placed a number of people back in the UK and overseas whose stint out here has been the critical factor in securing excellent offers.

Another common misconception is that those qualifying from small firms will have difficulty generating interest from the Big Four - yet this often results from the experience of older colleagues who have been unsuccessful trying to break into the Big Four in the UK. The Cayman environment is far more welcoming and accessible: ‘If you have a mixed skill set to bring out and can lend a hand in areas such as corporate recovery and restructuring when required, besides conducting audits, you’re likely to make a good fit,’ says Frazer. ‘The offices are smaller and there’s more of a personal touch to the workplace - it’s a good route for someone who previously thought the Big Four would be out of reach.

Scary but exciting

Helena McGrath made her own move from a disability charity in Galway, demonstrating the diversity of backgrounds one is likely to meet on the islands: ‘I’ve met so many amazing people from all over the world. I sit next to a guy from Zimbabwe and we’ve become the best of friends, even though we’re an unlikely pair. You learn and experience so many different cultures, despite it being a small population - and I feel a great sense of achievement for moving here alone and making a success of it. It’s scary as well as exciting but more than worth the risk. I thought it would take months to settle in but it was only a matter of weeks.

'I feel a great sense of achievement for moving here alone and making a success of it. It’s scary as well as exciting but more than worth the risk.'

‘And it’s so beautiful - I expected George Town to be bigger and more developed but I like its quaint charm and the beaches are postcard-perfect.

Although the Caymans reputedly enjoy the highest standard of living in the Caribbean, the cost of living is reasonable, salaries are on a par with London and - even better - there’s no income tax: ‘Coming from the UK, you’d get a step up in earnings if you’d been living outside London,’ explains Frazer. ‘Newly qualifieds would be looking at US$57-60,000 tax free (£30,000), with accommodation at around US$12-1,500 (£600-£750) a month.

‘But the work-life balance is fantastic - there’s virtually no commute, so that stressful hour or more you’d spend going to and from work is spent much more productively. It’s not a holiday but you can easily schedule a social life around your work and you can organise excellent trips from here. I’ve actually had candidates tell me they’d worry about missing the British seasons - but there must be something about snorkelling in the sea after work in January that changes that mindset.’

Helena McGrath agrees: ‘I’m much more active now - I’ve started to play Gaelic football and volleyball and I’m learning to sail. I walk on the beach three times a week and my work day flies by because I’m so happy here.’

Moving on, moving up

Frazer maintains that moving into financial services isn’t a life sentence - and that having made the move to the islands in the first place ramps up candidate’ future marketability: ‘It demonstrates that you’re flexible and can apply yourself in a different market,’ he says. ‘There’s also the fact that you’re likely to emerge with a strong understanding of US GAAP. US companies with British subsidiaries are well aware that knowledge of US GAAP isn’t great in the UK - so that’s a strength you’d bring back with you.

‘Also, businesses in the Caymans work as closely with New York as they do with London - and most people coming out here will have the chance to build up a decent network of contacts in both cities. Candidates moving off the islands are often faced with a choice of options on both sides of the Atlantic.’

If a picture paints a thousand words, Pass Magazine

Making a good first impression on a prospective employer is vital to your chances of success, so when you turn up for an interview you try to convey confidence with your walk, deliver a professional handshake that’s neither too limp or too firm, and show your interest and enthusiasm by maintaining direct eye contact for just the right amount of time. But how do you make a good first impression if your interview is being held using vidoconferencing?

‘You can treat the interview as a normal conversation,’ says Abigail Stevens, the founder and managing director of Think Global Recruitment, but you do need to be very aware of your body language. Although you will not make actual eye contact, you do need to keep your focus on the camera. ‘Keep your head up and try to remain natural,’ she says, and practice at home with a camcorder. ‘Then you can see if you have any off-putting habits such as playing with your hair or putting your hand over your mouth,’ she adds.

Think about the best position to sit in. It needs to be professional and look friendly, but it still needs to be comfortable – you don’t want to fidget. ‘Keep hand and body movements to a minimum,’ advises Stevens, because jerky or rapid movements can look distorted on a video monitor. ‘Don’t rush,’ she says. ‘Even with the most sophisticated videoconferencing technology there will be slight time delays,’ so you need to leave lots of pauses before talking allow all your words to be relayed to the interviewer.

You will also need to give a little more thought to clothing. ‘You can dress as you would for a normal face-to-face interview,’ says Stevens, selecting attire that will convey the right professional image, but you need to give more consideration to fabric. ‘Avoid light colours and patterns,’ she adds, ‘or it may be difficult for the camera to focus.’ says Stevens, selecting attire that will convey the right professional image, but you need to give more consideration to fabric. ‘Avoid light colours and patterns,’ she adds, ‘or it may be difficult for the camera to focus.

Accountancy Worldwide Forum, Johannesburg, Careejunction.co.za

According to a recently commissioned survey by Think Global Recruitment of more than 100 finance professionals living abroad, young accountants are increasingly moving overseas to develop their careers...Forty–seven percent stated that the main reason for relocating abroad was career development. Interestingly, this is a departure from the results of the survey in 2006, which found that motivations such as financial gains and an improved quality of life were more important factors in their decision.

Sumaya Amra, a chartered accountant from Gauteng, relocated to the UK in August 2006. Think Global Recruitment assisted her to secure a position with one of the world's leading banks. She explains what she has achieved from an international move. "Time away from home broadens your perspective and you learn about yourself, becoming more self reliant and independent - skills that are great personally as well as professionally. It will improve your soft skills, your presentation skills, your ability to understand and manage senior stakeholders, as well as your organisational and communication skills."

Sumaya is committed to using her new skills to develop her career back in South Africa. "I'm definitely coming home; I still think there's no place like South Africa in terms of sheer natural beauty and the uniqueness of our culture. It's also a powerhouse in Africa and I think the country has definitely got amazing potential".

Accountants in South Africa can learn about career opportunities overseas at the Accountancy Worldwide International Recruitment Forum, which is taking place on Saturday 19th May at the Hilton Sandton Hotel in Johannesburg.

At the Accountancy Worldwide Forum accountants can attend presentations by the world's leading firms, visit the Worldwide Opportunities exhibition to find out about accounting jobs overseas and schedule interviews with potential employers – all in one day, under one roof!

 

For further information on the Accountancy Worldwide Forum please visit: www.accountancyworldwide.com

Accountancy Worldwide happens in London, Dublin and Sydney each year. This is the first year that it will take place in South Africa. Think Global Recruitment's managing director, Abigail Stevens, said, "Out of all the world's key cities, we chose to host Accountancy Worldwide in Johannesburg as the South African qualification means accountants have the opportunity to relocate anywhere in the world. The Forum provides accountants with a chance to meet potential employers, understand how they would fit in to different cultures and whether the lifestyle and career development opportunities are right for them. They can then make an informed decision having considered all possibilities." "Accountancy firms such as KPMG, Ernst & Young, PricewaterhouseCoopers and Deloitte increasingly see international experience as an essential quality when promoting people into senior positions. Many of the accountants we assist to find roles overseas gain promotions that they may not have achieved at home."

From Russia with ambition, Pass Magazine

Russia is becoming the surprise destination of choice for accountants seeking an international fast track to management, says CALUM ROBSON

Russia's burgeoning economy - annual growth averaging around seven per cent since 2000 - has seen the country become a magnet for foreign investment. The Big Four, multinationals and banks have long since set up camp there, and most are expanding their existing operations, while increasing numbers of mid-tier firms and other global businesses are all anxious to get a look in.

That’s good news for accountants plotting an international career path, according to Richard Louden of Think Global Recruitment: ‘All the big companies are going out there and professional services firms especially need to swell their numbers at exponential rates,’ he says. ‘One firm we work with has been growing at 40% for each of the last five years and they’re projecting that to continue.’

International and Russian companies in energy and financial services in particular are flourishing, and firms are providing more than pure audit services.

There are opportunities in transaction services, dealing with companies trying to acquire stakes in Russian companies,’ says Louden. ‘Corporate financiers are required for restructuring work and forensics services specialists are being called in to help deal with corruption. There are also consulting opportunities, advising CFOs of growing businesses how to structure their finance teams and implement controls.’

With demand for finance professionals so intense, employers place less emphasis on specific backgrounds than their counterparts in the UK might - they simply need the people.

Paddy Wright, people development director at KPMG in Moscow, says, ‘Sector experience isn’t such an issue, particularly at newly qualified level. We have a huge volume of clients across the whole spectrum of industry, so we can generally fit people in and give them the opportunity to specialise.’

Energy boom

Russia's oil and gas sector is crucial to its economy, with accountants in demand to support growth on all fronts.

International oil companies and joint ventures in energy projects are keen to take on expatriates - people who understand how western businesses run,’ says Clive Green, senior consultant at Hays International. ‘So there are plenty of opportunities outside practice too. Many global law firms are also expanding and need finance staff - much of the Magic Circle are out there, also servicing energy companies.’

Kirkup, overseas consultant at ASA International, says, ‘Oil and gas companies proactively seek expatriates - they’re market is moving so quickly that they need people who can hit the ground running, as local availability of experienced finance professionals is scarce.’

Fast track

One of the biggest selling points about working in Russia is the early responsibility.

Unlike practice firms in more developed countries, where they’re fairly rigid about promotion, Russia’s growth is so amazing that promotion is based purely on merit,’ says Kirkup. ‘Opportunities to develop quickly are fantastic - you’ll face bigger challenges much faster than you would elsewhere. If you can go out and shine, your career can grow as fast as the market’s pace.’

Paddy Wright agrees: ‘Early responsibility will be one of your biggest gains, professionally. But you’ll also gain strong technical experience. IFRS has been applied here to world standards for years; if you want to learn about using it outside an Anglo-Saxon working environment, you can become fluent in Moscow. You’ll also get exposure to US GAAP.’

It’s not just the Big Four who have plenty of opportunities. Moore Stephens has offices not only in Moscow and St Petersburg but in Krasnodar in the south, Sakhalin on the North Pacific, and Vladivostok, at the far end of the Trans-Siberian Railway. Emma Brisley, the firm’s HR manager, says, ‘Our business is continuing to grow in Russia, with a large amount of work in financial services and companies involved with natural resources. We tend to look for people who want something different from the mainstream and want to prove themselves.’

Embracing the Western lifestyle

Many candidates placed by UK recruitment agencies into Russia hadn’t previously considered careers there. ‘Even if people are open on location, Russia doesn’t spring to mind,’ says Richard Louden. ‘They’re often concerned that cultural differences and language barriers will get in the way. But Moscow has a feel that’s similar to London or New York. There’s a huge expatriate community and the Muscovites themselves are extremely westernised; the city’s alive night and day.’

'Moscow has a feel that’s similar to London or New York. There’s a huge expatriate community and the Muscovites themselves are extremely westernised; the city’s alive night and day.’

Wright says, ‘Moscow’s restaurants, bars, shops, discos and theatres are all world class. There’s plenty of sport to enjoy and easy access to excellent holiday sites - it’s a terrific place. But you have to be really ambitious to live outside your own country; experience of living or travelling in other countries is helpful, even if that’s in a gap year.’

However, be mindful of popular misconceptions about Moscow - inexpensive ways of life went out with communism. ‘People think the cost of living is cheap,’ says Neal Sturgeon, who moved to the city last year and now works for Deloitte. ‘Apart from travel, which is very cheap, and some accommodation - although it depends on where you live - city centre bars, gyms and sport clubs are expensive. But there are lots of expatriates - from various countries - and as long as you’re sociable and prepared to work hard, it should be fun.’

Earnings on the up

Salaries for newly qualifieds in practice firms tend to be just a little lower than in the big UK cities - partly because many junior positions require a greater degree of fluency in Russian, and more young Russians are qualifying each year.

Financial benefits kick in at manager level, which, according to Richard Louden, can be as soon as one or two years post-qualification: ‘Salaries catch up and then overtake the UK - and managers don’t have to speak Russian. Promotion prospects are excellent - one firm has a five-year audit senior to audit partner career path marked out, which is fairly typical. I’ve placed people as managers who’ve made partner in two or three years. You can’t do that in the UK.’

Clive Green says companies in industry will pay even more: ‘Where expatriates are specifically required - for instance, in construction or in oil and gas companies - generous packages will be offered. And like professional services firms, you’ll get paid relocation, with a settling-in allowance and paid accommodation. Many employers will also offer flights home during the year.’

Language barriers - or lack of…

In almost all multinationals, English is used for business meetings and written reports. ‘There are a number of people who’ve been living in Moscow for a few years and still don’t speak a word of Russian,’ says Green. ‘That could be a drawback in a social context but it’s not a prerequisite.’

Barbara Kirkup believes that non-Russian speakers with a thirst to travel further afield might struggle: ‘The smaller or more remote the location, the smaller the client you’ll deal with and you’re probably going to have to speak Russian,’ she says. ‘But there’s no limit if you don’t speak it in Moscow.’

Neal Sturgeon says, ‘Enjoying life in Moscow depends on where you live and what you enjoy - if you like the pub or sport, you don’t need to know much Russian, as you’ll always find people to be with. Getting around is easy enough, as metro maps tend to show English as well as Russian.’ 

How to do a remote interview, eFinancialcareers.com.au

Abigail Stevens, founder and managing director of Think Global Recruitment, says telephone and video conference interviews need not be scary if you know how. We’re all familiar with the formalities of going for a job interview, but how does that change when the role you’re going for is based overseas? Imagine not being in the same room as the interviewer or not being able to shake their hand? Whether you want to work in the UK, Bermuda, Russia or the Middle East, there are some important steps you can follow to make the process a little easier.

Video conferencing

Video conferencing can be a great way for you to make an impact on a future employer and for them to get a sense of what you are capable of. You can express enthusiasm, focus and commitment better than you could in a telephone interview. You can also respond more directly to questions.

The following tips can help to make your video conference a success:

Practice: Practice at home with a camcorder so you can see if you have any off-putting habits such as touching your hair or putting your hand over your mouth. Think about the best position to sit in that looks professional and friendly but is still comfortable for you.

The outfit: Dress as you would if you were going to a face-to-face interview. Avoid light colours or patterns, as it may be difficult for the camera to focus.

Body language and eye contact: Maintain eye contact. Treat the interview as a normal conversation, keep your head up and try to remain natural. Be aware of your body language. Keep your hand and body movements to a minimum and make sure you’re sitting in a comfortable position. Jerky or rapid movements can look distorted on a video monitor. Equally, and as with any face-to-face interview, smile, be enthusiastic and ask questions.

Don’t rush: Even with the most sophisticated video conferencing technology there will be slight time delays. Leave lots of pauses before talking to allow all your words to be relayed to the interviewer.

Telephone interviews

It can be harder to make a good first impression (or any first impression) in a telephone interview, where a potential employer can’t see you. Telephone interviews test your verbal communication skills and telephone technique, as well as your ability to cope with the unexpected. The same rules apply for a telephone interview as they would a video conference; however, follow these simple tips to make telephone interviewing stress-free:

'Telephone interviews test your verbal communication skills and telephone technique, as well as your ability to cope with the unexpected.'

Tone of voice: This is the most important aspect of the telephone interview. Sound interested, energetic and enthusiastic. Keep your answers brief; don’t be tempted to waffle or use jargon.

Contact number: Provide a landline telephone number instead of a mobile. Make sure you have a contact number for the interviewer in case you do not receive the call when expected.

Are you sitting comfortably? Answer the phone personally. If there are other people there, warn them that you are expecting the call and don’t want to be interrupted. Ensure you are in a quiet location. It’s important to have a comfortable chair and to sit up straight; it will make you feel more confident. Project your voice and make sure your hands are not covering your mouth.

No nibbling: Don’t chew gum, smoke, eat or nibble your pen. It can be very distracting for the interviewer.

Listen carefully: You’re at a disadvantage as you can’t read their body language, so try to pick up on verbal cues. Make positive affirmations, don’t talk over the interviewer but show that you’re listening. If the interviewer stops talking or doesn’t come in as soon as you finish an answer, don’t worry. They are probably taking notes.

Ask "would you like me to expand on that further?" if you’re unsure whether they are expecting you to carry on talking. In both cases, think about what you want to achieve from the interview and how you see yourself fitting into the company you’re interviewing with.

Video and telephone interviews are by no means a substitute for face-to-face interviews, so show your enthusiasm and impress the interviewer so that they will take your job application to the next level.

Think Global Recruitment hosts Wine Tasting Evening, Accountancy Ireland

DCASS in association with Think Global Recruitment held a Wine Tasting Evening in the beautiful surrounds of Sam Sara on February.

The event, which was the first of its kind, afforded students the chance to sample a large selection of wines from a variety of regions.

Over 80 students attended the event and judging by the feedback received there was a wine on offer to suit every palette!

From Galway to The Caymans, Escapeartist.com

Think Global Recruitment assisted Helena McGrath to move from Galway in Ireland to the Cayman Islands in September.

What job were you doing before you moved to the Cayman Islands?

I was working as Head of Finance in Ireland for a charity that supported people with disabilities.  It was an interesting role but I felt I had achieved everything I could in that position.  It was time for a change.

Why did you decide to move overseas?

I always wanted to travel but preferred the option to work abroad.  I knew accountancy is a good profession to achieve this goal.  Also for future career development, having international experience on your CV is viewed positively by future prospective employers.  I chose the Cayman Islands for the lifestyle and climate.  As I had anticipated it’s a relaxed work and social environment.  Your work schedule is busy but the office atmosphere is relaxed and helpful.  The proximity of the Cayman Islands to the United States and South America is ideal for additional travel.

Has your move met your original expectations?  How?

Yes and I would say exceeded them.  I thought it would take months to settle in but I was settled in a matter of weeks.  The company I now work for was very helpful and made the transition as smooth as possible.  The organisation is very people orientated and goes to great lengths to ensure you are happy both in work and outside of work. I love the Cayman Islands, it’s so beautiful.  I expected George Town to be bigger and more developed but I now like its quaint charm.  The beaches are postcard perfect and I love the outdoors activities.  I am currently learning to sail and I love it!

What has been the biggest benefit of moving?

I have met so many amazing people from all over the world.  I sit next to a guy from Zimbabwe and we have become the best of friends.  An unlikely pair but a friend for life.  You learn and experience so many different cultures even though the population of where you live is only 50, 000.  I feel a great sense of achievement for moving here alone and making a success of it.  It’s scary as well as exciting but more than worth the risk.

"I feel a great sense of achievement for moving here alone and making a success of it.  It’s scary as well as exciting but more than worth the risk. "

Has your standard of living/quality of life improved?  How?

Yes.  I am more active now.  I have started to play Gaelic football, sailing, volleyball etc.  I walk on the beach three times a week.  My work day flies by because I am so happy there.

Have you taken up any new activities/sports? 

Yes and I’m also learning French!

What has been the most difficult part of moving abroad?

I have met wonderful people but I miss my family & friends terribly, nothing or no one can replace them.

What advice would you give to other Accountants who are considering relocating abroad?

If you are thinking about it, stop thinking about it and just do it!  You will never look back.  For me it’s been and remains to be a very positive move and I love my new life.

What are the main work culture differences you have noticed between your home country and overseas?

Here you are treated and valued so much.  The company I work for never focus on the negative and reinforce all the good things you do.  The partners are friendly with an open door policy, which is just that.  They appreciate you and regard you as their most valuable asset.

What have been the highlights so far about life abroad?

Learning to sail, meeting extraordinary people and soaking up the sun every chance I get!!!

What, in your opinion, are the advantages of working overseas in terms of gaining future employment?

Its shows you are flexible and adapt well to change.  Promotion possibilities are faster abroad and you gain invaluable experience.

2007 International Salary Survey, In the Black Magazine, March 2007

The portability of the CPA designation offers a raft of opportunities for ambitious finance professionals.The world is shrinking as international markets consolidate and converge, providing opportunities for financial professionals at all career stages to consider branching out onto the world stage.

This is why INTHEBLACK is focusing on the international markets for this year's salary survey. Market data from international recruiters shows that the cities and regions chosen for this year's survey are financial career hotspots most likely to assist in advancing financial professionals' career prospects.

The salary surveys are divided regionally. Europe (London and Amsterdam; North America (New York and Toronto)and Asia (Hong Kong, Singapore and Tokyo).

We also offer advice on sourcing careers in these different markets. Working overseas can be fraught with complications but offers potential for professional and personal growth. A bonus is that the CPA qualification has long been recognised as globally portable, and as more economic markets open up, opportunities are increasing in countries both near and far.

Increasingly Australian finance professionals are building long-term careers in different countries. Although it's hard to put a firm figure on the number of Australian finance professionals working abroad, the Department of Foreign Affairs and Trade (DFAT) estimates that at any one time there are up to a million Australians working internationally, some 53 per cent of whom are employed as managers, administrators and professionals.

Think Global Recruitment specialises in placing accountants in overseas positions, and has placed Australian CPAs in professional roles in locales as diverse as the US, Russia and Kazakhstan. As Abigail Stevens, managing director, explains, today's global village is conducive to more countries accepting foreign nationals.

'The world is such a smaller place these days and an international move is not as daunting as it may have been in the past,' she says. 'It's much easier for people to communicate with friends and family back home through email and cheap

'Firms are also realising the importance of recruiting from overseas, as the shortage of accountants across the world means they can no longer rely on their domestic market to meet their needs. The accounting industry has become more standardised worldwide. So for example, if you have experience dealing with IFRS [International Financial Reporting Standards] this can now be beneficial when working in Europe.'

As well as offering the opportunity to experience other cultures, an overseas move enhances long-term career prospects; working abroad can offer exposure to new, often transferable disciplines.

Think Global Recruitment conducts an annual survey with accountants it has placed abroad. In 2006, 95 per cent of respondents felt their move had enhanced career development. 'All of the Big Four accountancy firms that we recruit with have advised they are increasingly looking at overseas experience when promoting people to partner position,' Stevens says.

'It shows that you aren't afraid to take chances and test yourself with new challenges, and certainly gives your CV that extra edge.'

International employers think highly of those Australian finance professionals seeking work abroad who have tenure (usually three years' minimum with each employer), have excellent references from two people in each company, and have made progress in their career.

Picking up and moving your life to another country, career-enhancing prospects aside, can be a daunting decision, so candidates are advised to consider the gravity of such a move.

well as advising candidates to do their own research on the country to which they're heading, Stevens says Think Global Recruitment provides assistance along the way. 'We have produced detailed location guides for all the areas that we place candidates into,' she says. 'In addition to this we are often able to put [candidates] in touch with other expats in their new location who can answer any questions they may have and help them build up a bit of a social network before they even arrive.'

The advice that all recruiters emphasise is to do your homework before turning up to another city with your backpack and your CV.

what are the current hotspots and roles for candidates considering an overseas jaunt? Everyone agrees that Asia is increasingly popular, with the big markets being Hong Kong, Singapore and China.  

Sponsors Deliver to Win Together, Institute of Chartered Accountants in Australia

This year's sponsors of the Institute's 32nd Annual Sailing Regatta, Think Global Recruitment and Line 7, have taken on their roles with gusto. Line 7, manufacturer of quality casual, corporate and sailing attire, have partnered with the Institute to deliver a true sailing experience to members. Opting to support the event through in kind sponsorship, Line 7 has equipped all participants with Line 7 caps. They have also provided sailing jackets and vests as prizes for the competition. "The regatta is a great opportunity for us to showcase our products and have people experience them first hand. We're really looking forward to the event and are excited about having exposure to members from a wide variety of organisations." said Pat Langley National Sales Manager Line 7. In addition to funding the event, principal sponsor Think Global Recruitment have partnered with fellow sponsor to provide Line 7 polo shirts for all skippers, water bottles for all crews and prizes for the three winning teams including the chance to win a weekend for two to New Zealand. "Sponsoring a major lifestyle event like the Institute's sailing regatta is a reminder of one of the key reasons accountants approach us to relocate overseas," said Abigail Stevens, Managing Director, Think Global Recruitment.Recent research reveals that 40 percent of candidates state lifestyle as the main reason for relocating overseas. Think Global Recruitment places accountants in most of the world’s key sailing destinations such as Bermuda, San Francisco and the Cayman Islands. "We can help professional accountants take on the challenge of Sydney Harbour one day and The Caribbean the next," said Ms Stevens. The regatta kicked off on Friday 9 February from the CYCA in Rushcutters Bay and toured through Sydney waters before landing back at the stunning waterside deck for a BBQ and trophy presentation.

Accountants seek greener pastures, New Zealand National Business Review

Global career prospects top list of reason. An increasing number of young accountants are moving overseas, lured by better career prospects, while those settled abroad are not keen to return home.

Wellington based Think Global Recruitment managing director Abigail Stevens said financial gains, perks and improved lifestyle were becoming less relevant.

"Young accountants consider working overseas as valuable experience rather than an extended holiday of grown up gap year

Large accountancy firms such as KPMG, Ernst & Young, PriceWaterhouseCoopers and Deloitte see international experience as an essential quality when promoting people to partner level," she said.

Her comments were based on her firm’s annual survey conducted in December, covering more than 100 accountants’ living abroad.

About 47% of the survey respondents said career development was the main reason for seeking jobs overseas, whereas in the previous year better lifestyles was the main reason, being cited by 40%.

But almost all respondents said they would consider moving overseas at some time in their career,

"Many of the accountants we assist to find roles overseas gain promotions that they might not have achieved at home,” Ms Stevens said.

Although only 6% of the respondents placed higher salary as a motivator, almost 77% of the participants said they were financially better off working overseas.

Generation Y candidates (those born between 1978 and 1988) understood multiculturalism and cultural plurality and hence recognised international experience as an integral part of gaining promotion and moving up in their careers, the survey said.

Likewise, employers see accountants with international experience as an asset.”

A number of surveys have pointed out that chartered accountants in New Zealand earned much less than their counterparts in Australia, UK and the US and have the potential to seek jobs in these countries but given a choice, would prefer a better work-life balance.

The NZ Institute of Chartered Accountants said its member were highly qualified accountants and were in high demand across the Tasman and other OECD countries.

But professionally qualified accountants increasingly preferred employers who appreciated their demand for flexible working options, which were earlier included only as fringe benefits.

Ian Craig, an accountant from Scotland, who was recently selected by a major company in Australia, said it was an exciting moment.

"In today’s competitive world, it is beneficial to have overseas experience, which improves skills,” He said.

Some head hunters said the war on talent would intensify in the coming months with the flight of human capital. Job opportunities in Europe, Canada and the US were draining New Zealand of talent but the trend could be checked by using proper human resources development programmes and strategies, they said.

But recruitment firm Robert Walters chief executive Robert Walters said this was only half the story as New Zealand also attracted senior managers, accountants and IT professionals. The British found the New Zealand lifestyle attractive, he said.

International recruitment tips for employers, Career Vision Newsletter

Accounting firms recruit from overseas for many reasons. Qualifications and experience gained in certain countries throughout the world can be of an extremely high standard and employers are keen to tap into this by creating a multicultural environment which utilizes international expertise. This can be achieved by recruiting accountants who have a good command of foreign languages, markets and cultures.

As firms struggle to find the staff they need locally, recruiting from abroad is becoming increasingly necessary. The following guidelines will assist you in making the process more efficient and to achieve the best results.

Identify your requirements

Identifying your requirements and planning how to fill your vacancy is important to ensure you get the best person for the job. Consider the following questions: How many interview stages will there be? Who will have to sign off on decisions? What is their availability? Set a realistic time schedule to avoid missing out on good candidates as it’s important to keep the momentum going. Candidates could lose enthusiasm for the company if time delays occur in setting up interviews and providing feedback. Decide the best time of year for recruitment and take into account legal requirements, time differences and visa and entry requirements to your country.

Get up to speed with immigration and visas for international candidates so this is not something you spend time doing once an offer has been made. This will save time and avoid the candidate going elsewhere due to lengthy delays.

One area in particular to be aware of is recruitment legislation. Many countries now have strict guidelines for recruiting to avoid discrimination against candidates based on their age, race, gender or levels of experience.

The recruitment process starts here.  Vacancies can't be filled successfully unless the job has been clearly defined in the first place. It is important that you have a good understanding of the role, the duties involved, and the knowledge, skills and experience suitable candidates should have. 

the type of person who would fit into the existing team and the characteristics required to manage the workload and fit into the working environment. Prioritize your requirements – separate skills, experience and other qualities into “must have” and “nice to have” categories.

Be sure to communicate the salary package and cost of living early in the interview process to avoid wasted time later.  Packages vary so much throughout the world.  Provide details of the salary range and any bonuses or additional items in the package such as their next likely salary review date.

Accommodation and tax are usually the largest expenses that come off any salary so this will help the candidate assess whether they can live off what is on offer. Providing as much information as you can about the job, location, living costs and salaries will help manage the candidates’ expectations and ensure that you only receive applications from people who are really committed to joining your firm.

Use a recruitment consultancy

Recruiting from overseas can be complex, time consuming and risky for those without experience. An experienced international recruitment consultancy can help you avoid pitfalls and manage all aspects of the process for you, such as advertising, candidate screening, skills testing, and qualification verification, leaving you free to concentrate on employing the best person for the role.

Qualifications

When recruiting overseas, verification of information supplied by the applicant is essential. For qualifications or employment history you should:

• Ask to see originals if copied documents look strange
• Check on the s