Find Compliance Accountant jobs - May 2021 | Zoek UK
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3 Compliance Accountant Jobs Found
Compliance accountant jobs involve working to ensure an organisation complies with all relevant regulations and laws. People working as a compliance accountant can be found in many different sectors, everything from pharmaceuticals and food to finance and electronics. The role can be entered with or without a degree, and compliance accountant jobs often feature excellent career prospects.
You could be working alone or as part of a team, either in-house for a company or for a specialised agency providing compliance advice to different businesses. Keep reading to learn more about compliance accountant jobs, including salary expectations and biggest employers.
Working as a compliance accountant can be both demanding and rewarding. Failure to comply to regulations can have very serious consequences for a company, including large fines and the possible shutdown of operations. As such, the role of a compliance accountant is an important one.
You will be expected to be fully up to date on all relevant compliance regulations and work towards ensuring your employer meets these requirements. Whilst specific duties will vary depending on the industry you work in; general tasks will likely include:
- Perform audits and risk assessments of your employer’s procedures and policies
- Create reports and make recommendations to colleagues and management
- Educate employees regarding any/all new rules and regulations
- Work closely with external audit teams when required
Many people working as a compliance accountant do so after moving up from other positions within an organisation. However, a growing number of compliance accountant jobs are now requiring candidates to have a university degree. Whilst the type of degree often does not matter, companies operating in specialised sectors such as engineering and IT may want you to have a degree in a related subject.
Whilst qualifications and previous experience are important, many compliance accountant employers also look for candidates with certain skill sets. Compliance accountant jobs require you to have strong ethical standards and determination. This is because the decisions and actions you take must be based on achieving compliance, even if this sometimes means going up against more senior members of your company. Other desirable skill sets include excellent attention to detail, good communication skills and the ability to work alone and as part of a close team.
Working as a compliance accountant can provide great career opportunities. Once fully trained, you will likely have many chances to further your career, either through promotion or switching employers. Furthermore, many of the skills can be easily transferred to other sectors, whilst more compliance accountant jobs are appearing as employers continues to report a skills shortage. You could be working in the public or private sectors, for a company, a specialised compliance agency or even as a freelancer.
Starting salaries can vary significantly depending on your education, previous experience, employer and location. The industry you will be working in will also affect how much you earn, with sectors such as IT and finance often paying much more than similar roles in other industries. You can expect to earn anywhere between £18,000 to £30,000 to begin with, with more senior-level compliance accountant jobs offering salaries ranging from £30,000 upwards to £70,000.
Compliance accountant jobs can be very demanding. You will be expected to be an expert in your field and to ensure all compliance issues are met. Failure to meet compliance will often be considered your fault. You may sometimes have to work to tight deadlines and long hours, particularly during important projects.
However, the role can also be very rewarding. You will be making an important contribution to your company’s success, whilst also helping to ensure all staff and customers are kept safe, such as regarding food hygiene and health & safety. You will often have good opportunities to further your career and increase your salary, whilst long-term job security is also strong.