How to Make Your Next Accounting Manager Hire

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Last updated at 09-17-2020 20:47:46

Overview

Methodology

More than 11,813 companies advertise 31,253 Accounting Manager jobs on SimplyHired and its partner sites each year. After analyzing job postings and salary information from these companies, as well as direct job seeker feedback, we’ve compiled a list of insights to show you how to attract and hire your next Accounting Manager most efficiently.

Hiring Process

In the past quarter, we’ve seen 8,371 job posts from 4,129 employers in the United States. This is a increase of 5.4% compared to the previous quarter. On average, there are 60 Accounting Manager job seekers for every active Accounting Manager job, which shows that it is a job seeker's market.

Writing a Job Description

In the past quarter, Accounting Manager, Senior Accountant, Accountant, Controller, Staff Accountant, Bookkeeper, Accounts Payable Clerk, Assistant Controller, Office Manager, and Administrative Assistant seem to be the most sought after jobs amongst the Accounting Manager candidates in the United States. This is pretty consistent compared to the same data in the last 6 quarters. If you use one of these currently popular titles in the job description, you'll likely be able to attract a lot more candidates to apply.

For the Accounting Manager candidates who are actively applying to jobs in this same period, we see that 3.1% of the active Accounting Manager candidates have less than 3 years of experience, 3.0% have between 3-5 years of experience, 13.4% have 6-10 years of experience, and 80.4% have over 10 years of experience. The average years of experience has shifted from an estimated 17.0 years to 16.7 years. If you're posting a job in today's market, expect candidates with about the same experience level to apply to your job compared to the last 2 quarters.

In the previous quarter, the most popular skills that employers are looking for include accounting, communication skills, Microsoft Excel, gaap, Microsoft Office, analysis skills, Quickbooks, account reconciliation, supervising experience, and Microsoft Word. Demand for English, writing skills, process improvement, customer service, budgeting, human resources, bilingualism, research, accounts payable, and accounting software has significantly increased. If you are looking for an Accounting Manager with a similar skill set, be sure to follow industry best practices in skill requirements.

Job posts with salary information received about 1.3 as many applies as those without it. In the past quarter, less than 27.1% of the job posts displayed salary information. By adding salary information to your job posting, you could potentially increase the number of applicants by approximately 30.0%.

Example Accounting Manager responsibilities

  • Set strategy and goals for the team
  • Make strategic decisions, such as how to prepare for tax season
  • Review financial information such as revenue, expenditures, and profit margins
  • Set budgets and financial plans for all departments
  • Maintain positive relationships with company accountants, CPAs, banks, and auditors

Recruiting

Active Recruiting

When reaching out to candidates, it’s best to understand where to look. We’ve identified hiring trends in states as well as companies regularly hiring for Accounting Manager positions. This should provide a good place to start looking for qualified candidates. According to our data in the last quarter: California, New York, Texas, Florida, and Illinois are the states that have the highest demand for Accounting Managers. California, Texas, Florida, New York, and Illinois are where most job seekers are searching for Accounting Manager jobs. If we look at the Accounting Manager to job ratio, Iowa, Alaska, California, New York, and Maryland have the lowest number of Accounting Manager applicants per job. South Dakota, Mississippi, West Virginia, Louisiana, and Vermont have the most active Accounting Manager job seekers per job.

Passive Recruiting

While actively recruiting candidates for your role, you should also post your job to SimplyHired. By posting for free and paying only for the qualified applicants you want, your post will automatically go to a network of job boards to reach millions of qualified candidates. With SimplyHired, it doesn’t end with the post. You can track your applicants throughout the hiring process with our simple and easy to use Applicant Tracking System (ATS).

Review Candidates

In the last quarter, we estimate there are 492,326 job seekers interested in Accounting Manager opportunities in the United States. That’s a 29.2% increase compared to the previous quarter with 389,391 active job seekers. Around 3.1% of the active Accounting Manager candidates have less than 3 years of experience, over 3.0% have between 3-5 years of experience, 13.4% have 6-10 years of experience, and 80.4% have over 10 years of experience. The average experience level of the available Accounting Manager candidates is 16.7 years. Active candidates in the Accounting Manager profession most commonly have bachelor's degrees, followed by master's degrees, associate's degrees, and high school diplomas. When setting education requirements for your position, aligning with the industry standard makes it easier to find potential candidates. Application rates indicate that Accounting Manager candidates are likely experiencing a market in which applicants have less negotiating power. From an employer perspective, you'll have a greater selection of candidates to choose from and may want to invest in automated screening tools.

Interviewing Candidates

Interview Process

*Self-reported data collected from 3,525 Accounting Managers from 1/1/2020 to 6/30/2020, via online employer reviews for companies including Robert Half, Economic Opportunity, Holiday Inn, MV Transportation, Genpact, Blackwater truss systems, C2G LTD Co., United Way, FITZPAK NORTH, INC, and The Governor's Prevention Partnership.

After analyzing post-interview data from Accounting Manager candidates in the last 6 months, we see more than 36.9% of the candidates self-reported being hired within 1 to 2 days. Around 82.7% of the candidates for this job reported being hired within 2 weeks. If your process takes longer than 2 weeks in the recent market, you'll likely lose these candidates to other employers. Most of the Accounting Manager candidates are expecting a on-site interview, phone call/screening, background check, and group interview. Most employers do not require a written test or problem solving exercises. If you are trying to hire your next Accounting Manager quickly, consider simplifying and streamlining the hiring process. As for the interview experience, more than 71.0% of the candidates had a good or great interview experience, and more than 37% of the candidates thought that the interview leaned more towards easy.

Example Interview Questions

  • How do you handle tight deadlines?
  • Share an example of a time when your thinking saved the day.
  • Tell me about a time you disagreed with a co-worker.
  • Describe a situation where you had to use your technical reasoning skills in your job.
  • Describe the most challenging issue you have encountered in your professional career and how you resolved this issue.

Final Review and Offer

Reference Check

Checking references is a quick and easy way to check for any red flags that didn’t arise to this point in the hiring process. Great insights can be provided by former colleagues and employers.

Crafting an Offer: Salary and Benefits

The average Accounting Manager salary offered by employers increased for 3 out of 6 consecutive quarters in the United States. In the last quarter, we see a decrease of 0% from $79,961.3 to $79,573.03 compared to the quarter before, which is on par with the past 6 quarters. For Accounting Manager positions, the most common benefits job seekers reported being offered by employers include: healthcare insurance by 77.8%, paid time off by 75.3%, dental insurance by 66.7%, vision insurance by 64.2%, a 401k plan by 56.8%, discounts by 18.5%, and stock options/grants by 3.7%. While still relatively rare, more and more employers now offer flexibility benefits, including location variety, maternity leave, sabbaticals, somewhat remote, flexible working hours, mostly remote, fully remote, and paternity leave, to attract and retain Accounting Manager candidates to their organization.

Background Check and Drug Test

According to self-reported job seeker feedback, 36.5% of the employers conducted a background check, and 19.3% of the employers conducted a drug test prior to the hiring of their Accounting Manager candidates.

Onboarding

When you’re ready to hire an Accounting Manager, SimplyHired is here to help with your next steps. Our Human Resources Information System (HRIS) provides onboarding tools and other essential HR tools. From document signing to time off tracking, our HRIS will help you seamlessly move an Accounting Manager candidate through the hiring and onboarding process.

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