How Freelancing Employment Can Help Financial Professionals Bridge The Gap?

Are you familiar with the term finance freelance jobs? Yes, you heard that right finance freelance jobs.

Decades of fine-tuning outsourcing and strategic sourcing have resulted in stricter personnel controls, with many approvals required to recruit even a budgeted resource. Meanwhile, business realities do not wait for anyone, as a slew of transactional duties pile up, causing a slew of workplace squabbles.

Many organizations will struggle to create in-house expertise rapidly enough to keep up with the changes as they continue to undergo rapid digital transitions across industries. This skills gap, according to Gartner’s Brian Kropp, might create possibilities for bright financial experts willing to contract their services to corporations at premium prices. Holding their breadth of knowledge and diverse skill sets, those with the CGMA qualification are in a unique position to take advantage of these opportunities.

“People who have that grasp of accounting, as well as business processes, can assist make significant inroads within organizations,” said Donna Carter, CPA, CGMA, managing director of Carter Financial and Forensic Consulting, a Florida-based financial services consulting firm. “A lot of organizations will realize that they need people who have been there, done that, and dealt with the challenges, and they’ll need to start hiring more consultants.”

Liquid staffing, such as freelance jobs for chartered accountants, reconciliations, tallying records, and other transactional work, is increasingly being discovered by both large and small businesses as a unique way to get such transactional work done quickly and easily through experienced and skilled professionals. Thus we can say the demand for freelance accounting jobs in India is being realized gradually.

With more finance professionals considering contract and consultancy employment, securing top projects may become more challenging in the future.

Here are some highlighters for CGMA holders wishing to make the most of their skills in a continuously changing labor market. Even if you go for finance freelance jobs, the following points will help you.

The following are the essential technology and soft skills for this year, according to the Robert Half 2021 Accounting and Finance Salary Guide:

(1) Key technology skills:

· ERP systems;

· Human resource information systems, cloud-based payroll;

· Excel (advanced);

· Data analytics, protection, and privacy;

· QuickBooks (for smaller businesses);

· Financial modeling and forecasting;

· Electronic health records;

(2) Key soft skills:

· Ability to work alone, in virtual teams;

· Attention to detail;

· Commitment to continual learning;

· Creativity and innovation;

· Adaptability to change;

· Written and vocal skills;

· Customer service;

· Problem-solving.

(3) Determine your area of expertise

If you want to establish yourself as an expert, the first step in landing a contract job might be determining your niche, whether it’s proficiency with specific accounting software, risk management, ERP system implementation, financial modeling, performance management, internal control, or data protection and privacy.

“The most essential thing is to analyze yourself and determine what your current talents and strengths are, as well as what skills and strengths you believe you will need to improve in order to remain competitive as a job seeker in the following three years,” says Tim Hird, executive vice president of enterprise optimization for Robert Half.

Develop technical and soft abilities that are in high demand. Someone who can combine technical expertise with a cocktail of soft skills will likely be the most successful contract or consulting professional.

Every year, the talents that employers are in search of change at a quick pace.

Gartner examined over 7 billion job postings over the last five years and discovered that the number of skills companies need rose by a third between 2017 and 2020, with just around half of the skills indicated in 2017 postings still being listed in 2020. To put it another way, employers are looking for more things, and the types of things they’re looking for have shifted dramatically.

(4) To identify projects that don’t appear on employment network, boards

According to Carter, networking is an important part of securing a prime contract or consulting engagement.

Carter suggests attending events at your local chamber of commerce, joining committees, connecting with other professionals on LinkedIn, joining professional and industry organizations, reaching out to software vendors, and leveraging existing networks in order to increase your chances of landing a contract or consulting gig.

Hope the above content can help you land the best finance freelance jobs.

One of the best freelance marketplaces that you can surf for freelance accounting jobs in India is QWIRK.

QWIRK helps firms find quality professionals, for short-term tasks and projects, across locations, when needed and where needed. The company has started with a focus on Freelancers in Finance & Accounts domain. This includes professionals with Accounting, Tax, and Auditing skills.