“These heroes of finance are like beads on a string; when one slips off, all the rest follow.”Henrik Ibsen
Corporate finance professionals play a vital role in any organization. The finance management employees manage, organize, and govern all bank or corporate office financial activities. The duties apply professional management ethics to every financial resource in the company.
With the advancement of technology and the ever-evolving corporate finance sector, a huge gap has been seen for competent finance managers and executive leaders. Finance and accounting recruiting firms are working actively to fill the gap. However, according to the statistics, 76% of investment banking recruiters state that hiring in the finance sector is one of the trickiest recruiting jobs.
Finance management varies from company to company. However, a few key roles are common in all sectors. For instance;
The professionals in the sector are responsible for bookkeeping and accounting. It is important to identify and record all the necessary company details. The accounting system of a corporate firm is responsible for maintaining an efficient method to record every transaction made regularly.
Financial managers are also responsible for reporting their financial status to the authorities and relevant bodies before they make any major decision. The report defines investment banking goals and points out the productive investment. Therefore, the information should be accurate as any company’s success and future depends on these reports.
The finance candidate should be competent to track the payables and receivables from and to the vendors. Corporate finance professionals give a clear view of liquid cash that should always be kept in the company for smooth business flow.
The professional reports also clearly show future investment opportunities and growth horizons in any region and time period. The financial status makes it clear to the corporation that the right openings are available.
Corporate finance professionals in any company are also responsible for stating the risks involved in future investments and increasing liabilities with the growth. Efficient team finance can give practical suggestions to minimize the risks while effectively growing profit in the future.
In the era of FinTech and the advancement of technology in the corporate finance sector, bad hiring can cost an organization a lot. Therefore, we offer one of the best investment banking recruiters to identify and engage top-notch finance candidates globally in the corporate sector.
In this blog, we will decode the crucial elements to consider when hiring professionals in corporate finance banking. Moreover, we will discuss how RFS HR Consultancy, as one of the best finance recruiting agencies, is hiring top candidates from all over the world.
Let’s get started:
Table of Contents
Navigating the Corporate Finance Landscape:
Navigating the corporate landscape while hiring corporate finance professionals is not a bed of roses. Therefore, understanding the challenges in investment banking recruitment is important before knowing the effective recruitment strategies for employing a finance professional. Here are a few of the challenges that are faced in the recruitment of executive finance professionals.
· Complex Industry:
The finance industry is not easy to deal with, and technology advancements have made it trickier to deal with. FinTech prevalence, for instance, has become trendier in the last decades, and now corporate finance professionals need more specialized skills to deal with a competitive market.
· Identifying the Right Candidate:
It is one of the biggest challenges Dubai banking recruitment agencies face. Identification of the right candidate that can fit in the corporate sector is hard. A banking financial might be a great asset in their industry, but they might not fit well in the corporate sector.
· Finance Roles are Diverse:
Whenever we talk about finance professionals, the image created in our minds is a person who is good in accounting and maths. However, it is incorrect that a finance professional must be an expert in various skills, such as command over technology and leadership skills. The finance recruitment consultants always recommend hiring someone with hard and soft skills.
Looking into these challenges, the effective financial recruiting strategies that should be followed are:
· Look into your Talent Pool:
Before hiring from outside, look into your talent pool and your team. There are many people in the team who are competent and possess leadership skills. When you prefer a person from an existing talent pool, it creates a friendly competition in the team. Promoting a team member, for instance, boosts employees’ morale and increases the retention rate in the company. Additionally, an existing employee is already adjusted to the work environment, so the bank or company can work smoothly without any gap.
· Consider Referrals:
Considering referrals is also an excellent point to start your recruitment hunt. You can ask the existing finance employees to refer their competent friends and colleagues who can be qualified for the post. It is an efficient, reliable and convenient way to find the top source. Mostly, the referred sources prove trustworthy and easily adjust to the company environment.
Employees likely refer to the people they respect professionally and have already worked as a team. The referral approach helps foster a positive and productive work environment in the corporate sector.
· Strong Branding Status Helps:
Finance candidates are in high demand in the market. With changing times, the talented person does not accept every offer. Give the applicants solid reasons to join your company. It is only possible by establishing your corporate organization as a reputable and welcoming brand.
· Detailed Job Posts:
While posting for a vacant position, it is important to tailor the posts in detail. Use of keywords and detailed requirements is helpful for both job seekers and companies. A detailed job posting means specific candidates will apply, and you will spend less time screening applications.
· Partner with Specialized Recruitment Agencies:
Recruitment is a challenging task, and it costs you time and money. Ideal hiring is not guaranteed. However, partnering with a specialized recruitment fund can offer positive results quickly without costing much.
Fostering Success Through Our Approach:
Now, here is the question: why choose us? The answer is simple: RFS HR fosters success throughout the Gulf Region using effective recruitment strategies and approaches. Here is how we are ensuring successful professional hirings in corporate finance and investment banking organizations:
· Specialized Recruitment Company:
We are a team of specialized investment banking recruiters. Therefore, while hiring, we consider strategies that help to find the candidate who is talented and ideal for a specific company or bank environment.
· Wide Pool of Talented Candidates:
We have a wide pool of talented candidates due to strong networking in the finance industry. We have an approach to active and passive candidates. Therefore, when there is a vacant position in a company, we prefer the filtered candidates that suit the position. It helps for quick hiring.
· Strong Branding:
Start-ups and new businesses take time to grow as a brand in their industry. At the same time, RFS HR Consultancy has a strong brand position in its network and Social Media. Therefore, we have better access to ideal candidates.
· Diversity and Transparency:
As the best recruitment agency, we ensure a transparent process of screening and hiring candidates. Our talent pool is diverse; we do not discriminate based on race, gender, religion or ethnicity. It helps to approach top-tier candidates across the world.
So that’s all for now! Undoubtedly, corporate finance professionals are a vital part of any organization, ensuring its success while minimizing the risk of loss. Recruiting finance professionals in the investment banking and corporate sectors is challenging as well. However, the best recruitment companies like RFS HR Consultancy are providing effective solutions to the problem and ensuring uninterrupted success and growth of the Finance industry.