What's Happening?
RSM's Finance and Accounting Outsourcing (FAO) practice is seeking skilled professionals at the Associate level to provide accounting, technology, and consulting services to private, lower middle market clients. These clients typically have revenues ranging
from $0 to $100 million and span diverse industries including technology, life science, not-for-profit, and professional service organizations. The role requires managing tight deadlines and a variety of accounting activities, such as month-end close, financial reporting, year-end client tax and audit projects, and supporting budget and forecasting activities. Associates will also learn and utilize cloud-based technology stacks and interact directly with client executives. A minimum of a Bachelor's degree in accounting is required, along with strong communication, analytical, and organizational skills. Experience in a public accounting or consulting firm is preferred but not mandatory.
Why It's Important?
This recruitment initiative by RSM underscores the growing trend of outsourcing finance and accounting functions among middle-market companies in the U.S. By offering 'Finance as a Service,' RSM provides these businesses with access to specialized expertise and advanced technology that they might not otherwise afford or manage in-house. This service model allows clients to focus on their core operations while ensuring their financial processes are efficient, compliant, and supported by skilled professionals. The demand for such roles reflects the increasing complexity of financial regulations and the need for robust financial management, even for smaller enterprises. For professionals, this offers a unique career path that combines the growth opportunities of public accounting with the hands-on experience of working within private company environments, contributing directly to the economic health of a vital segment of the U.S. economy.
What's Next?
RSM will continue to evaluate candidates for the Finance as a Service Associate position, with successful applicants joining teams that deliver critical financial support to middle-market clients. New associates will receive training on RSM's cloud-based technology stack and methodologies, enabling them to contribute to process improvements and the adoption of emerging technologies like OCR and AI. The firm is likely to expand its FAO practice further as more businesses recognize the benefits of outsourced financial services. This trend could lead to increased demand for accounting and technology professionals skilled in cloud platforms and data analytics. RSM's commitment to providing a competitive benefits and compensation package, along with flexibility, aims to attract and retain top talent in a competitive job market, ensuring the continued growth and quality of its services.
Beyond the Headlines
The expansion of 'Finance as a Service' by firms like RSM signifies a broader shift in how businesses manage their financial operations. This model moves beyond traditional accounting, integrating technology and consulting to offer comprehensive financial solutions. For middle-market companies, this means greater access to sophisticated financial tools and expertise, potentially leveling the playing field with larger corporations. The emphasis on cloud-based technology and emerging solutions like AI in these roles highlights the ongoing digital transformation within the accounting profession. This evolution requires professionals to not only possess strong accounting fundamentals but also to be tech-savvy and adaptable. The growth of FAO practices also points to a future where financial management is increasingly collaborative, with external experts playing a more integral role in a company's strategic decision-making and operational efficiency.
