The leading accounting firms maintain a high profile in all of the major Offshore jurisdictions, providing audit, tax and advisory services to local businesses, the Offshore divisions of multinational companies and the specialist legal, fiduciary services and insurance companies that are domiciled Offshore; they also offer insolvency, restructuring and transaction services to the same range of clients.
The market is led by the ‘Big 4’ accounting firms, although many medium sized firms are expanding their Offshore networks in response to continuing growth in the Offshore market. Audit, Advisory and Corporate Tax assignments are hugely varied in nature and the wide assortment of clients, both local and International, ensures that the work is both varied and challenging.
Opportunities abound at newly/recently-qualified level, as well as at Manager and Assistant Manager level. Whilst previous experience of financial services is a major benefit, this is not a pre-requisite in all markets. The culture in the Offshore accounting firms tends to be ‘work hard, play hard’ with a strong team dynamic. Staff levels are typically lower than you would find in leading cities, with most operations employing between 40 and 200 people.
Most recruitment into this market is cyclical, driven by the ‘busy season’ at the start of each calendar year and the prevailing economic climate. The greatest ongoing demand is for Audit Seniors and most large firms try to contain this recruitment within two major hiring cycles, with start dates in January and October each year.
Other assignments tend to materialise on an ‘as required’ basis although demand tends to remain high for Big 4 qualified ACA’s/CA’s with UK, Australian, New Zealand, South African, Canadian or US passports. In addition, demand in Bermuda and Grand Cayman remains high for qualified tax professionals with US tax experience, ideally gained within a fund, trust or NHW advisory capacity.
To discuss your move Offshore in more detail, e-mail the team or call +44 20 7776 5955