Why keeping up to date with AI developments in accountancy can improve your job search

We have teamed up with Chelsea Williams for this blog, she is an experienced debt help adviser at Scotland Liquidators who specialises in the range of insolvency options available to companies and individuals in Scotland. Here are her thoughts on AI developments in accountancy.

In a competitive job market such as accountancy, it pays to use all the technological tools at your disposal and you now have a strong ally in artificial intelligence (AI) in finding that perfect job.

The emergence of AI over recent years is a key development in the industry and is being increasingly adopted by the accountancy profession as a whole. In relation to looking for a job, there’s no question that this technology offers benefits for every aspect of your search.

From personalising and tailoring your applications and cover letters to receiving guidance on how to progress in your career, AI makes the process of looking for that dream role more efficient. It’s also highly relevant to your work as an accountant and is transforming the accounting industry as we know it.

AI and the accountancy profession

As well as helping you find a job, artificial intelligence is taking over many of the mundane and repetitive tasks that were previously carried out by accountancy personnel – tasks that used up valuable time and staffing resources for employers.

By keeping up with the evolving world of AI for accountants you can apply for jobs that best match your skills, impress in interviews, and use your knowledge of the technology to make a real difference to your employer on a daily basis.

How does AI help in a job search?

Streamlines your search

AI narrows down your job search by matching you with potential employers who are looking for your specific skills and experience, but it can also help you find an employer that’s a good cultural fit.

Produces targeted CVs and cover letters

In such a competitive job market, if you write a CV and cover letter they need to be compelling and grab the reader’s attention straight away so you reach the next stage of recruitment. AI hones in on the most vital and relevant skills so you can position them front and centre in your applications.

Helps you prepare for interviews

You can practise your interview skills using AI, whilst receiving constructive feedback on various areas, including your body language and the speed of your speech when answering questions. This should help you feel more confident and relaxed during the actual interviews.

Checks for any skills gaps

Artificial intelligence can identify any gaps in your skill set that might affect your chances of securing a job. You could then start upskilling or reskilling as necessary to consolidate your proposition as a worthy candidate.

Provides career advice

AI-driven career guidance helps you understand where your career might lead you in the future, the job opportunities that could emerge that depend on developing AI proficiency, the direction in which you might want to take your career, and the professional development you’ll need to undertake to get there.

Why should you keep up-to-date with AI in accountancy?

Keeping abreast of AI developments helps you stand out in job interviews and be seen as a solid candidate who can add serious value to a business. Coupled with honing soft skills, like communication, learning about artificial intelligence helps you stand out amongst your peers.

By taking time to understand the power and capabilities of this technology – for example, how it analyses vast amounts of client data – your value to employers extends into the future.

This is particularly so if your communication skills allow you to convey the information provided by AI to clients in easy-to-understand terms – for example, what that data means and how it can help their businesses.

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