Accounting Jobs in London: Tips for Aussies and Kiwis

As an accounting professional from Australia or New Zealand, moving to London can open up a world of opportunities. With its status as a global financial hub, London offers a competitive job market and high demand for skilled accountants. However, navigating this new environment can be daunting. Here are some tips to help you secure an accounting job in London.

1. Understand the UK Accounting Qualifications

While Australian and New Zealand accounting qualifications are highly regarded, it's essential to understand the UK standards. The UK’s main qualifications include ACCA (Association of Chartered Certified Accountants), ACA (Institute of Chartered Accountants in England and Wales), and CIMA (Chartered Institute of Management Accountants). If you're a CPA (Certified Practicing Accountant) or CA (Chartered Accountant) from Australia or New Zealand, your credentials will likely be recognised, but it may be beneficial to pursue UK-specific qualifications to boost your chances of landing a top role.

2. Research the Job Market

London is home to some of the world’s largest financial institutions and multinational corporations, all of which need accountants. The most in-demand areas in accounting include auditing, financial control, tax, and management accounting. Signing up to Nextstop.london is a great start, but also Reed, Indeed, and LinkedIn are excellent resources for exploring the job market. 

3. Prepare for Visa Requirements

Australians and New Zealanders need a valid visa to work in the UK. The most common visa for accounting professionals is the Skilled Worker Visa, which requires a job offer from a UK employer who is a licensed sponsor. Many large accounting firms, such as PwC and Deloitte, are licensed sponsors and can assist with the visa process. Alternatively, if you're under 31, you may qualify for the Youth Mobility Scheme visa, allowing you to live and work in the UK for up to two years.

4. Adjusting to UK Accounting Standards

While there are many similarities between the accounting standards in the UK, Australia, and New Zealand, some differences exist. The UK follows International Financial Reporting Standards (IFRS), which are also used in Australia and New Zealand. However, there are variations in tax laws, corporate governance practices, and financial reporting standards, so it’s vital to familiarize yourself with these distinctions. Studying UK tax law, in particular, is a valuable skill that will set you apart from other candidates.

5. Network with Accounting Professionals in London

Networking is key to finding opportunities in London’s competitive accounting job market. Attend professional events, join LinkedIn groups, and connect with expat communities. There are many professional associations for accountants in London that welcome international members, such as the Institute of Chartered Accountants in England and Wales (ICAEW) and the Chartered Accountants Australia and New Zealand (CA ANZ) London Chapter. These organisations offer excellent opportunities for networking and staying updated on industry trends.

Conclusion

Finding an accounting job in London is achievable with the right preparation and understanding of the UK market. Focus on building your qualifications, staying informed about visa requirements, and networking with industry professionals. London offers incredible career opportunities for Australians and New Zealanders, so start your journey today!