WEBVTT - ...is there no work-life balance?

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<v Maiki Lynch>Hey, there, I'm Maiki Lynch and I'm an accountant. And

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<v Maiki Lynch>in this series from ACCA, I'm sitting down with some

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<v Maiki Lynch>other accountants and people who work in finance to lift the lid on some

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<v Maiki Lynch>of the common myths you might have fallen for about

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<v Maiki Lynch>this awesome career path. This week we are looking at

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<v Maiki Lynch>the lifestyle of a career in accounting and finance. Is

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<v Maiki Lynch>it really high stress? Do you have to work all hours? And is

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<v Maiki Lynch>it impossible to have a good work- life balance? Let's

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<v Maiki Lynch>find out. This is By All Accounts.
Questions about work- life balance are

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<v Maiki Lynch>all the rage these days, especially since the COVID pandemic

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<v Maiki Lynch>changed the way a lot of us work. And in

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<v Maiki Lynch>the finance sector, it's no different. Does a life in

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<v Maiki Lynch>finance really have to involve such sacrifice? I found two

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<v Maiki Lynch>people working in the sector to ask, can you have

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<v Maiki Lynch>a good work-life balance working in finance? First up, Clara Tooth, welcome.

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<v Clara Tooth>Hi.

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<v Maiki Lynch>And  Shaun  Fenwick,  welcome.

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<v Shaun Fenwick>Hello.

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<v Maiki Lynch>So  I'd  like  to  start  off  by  asking,  is  having 

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<v Maiki Lynch>a  good  work- life  balance,  is  that  important  to  you? 

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<v Maiki Lynch>Clara,  can  I  come  to  you  first?

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<v Clara Tooth>Absolutely. Yes, having a good work- life balance is so important.

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<v Clara Tooth>I would say myself, and I imagine a lot of

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<v Clara Tooth>other accountants feel the same, is we work very hard

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<v Clara Tooth>and we put a lot into our jobs. So I

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<v Clara Tooth>think it's very important to have that balance of when

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<v Clara Tooth>you go home, it's home and it's your time, your enjoyment,

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<v Clara Tooth>all for you. And I think that helps get the

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<v Clara Tooth>best out of you as well. If you're going all the

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<v Clara Tooth>time and you never give yourself a break, you're not going

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<v Clara Tooth>to be that good at work. You're not going to

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<v Clara Tooth>be working to your best ability. So I think having

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<v Clara Tooth>that balance gets the best out of you and makes

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<v Clara Tooth>you enjoy your job as well. It's good to do

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<v Clara Tooth>something you enjoy and that you love.

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<v Maiki Lynch>Thank  you.  And,  Shaun,  can  I  come  to  you?

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<v Shaun Fenwick>Yeah, sure. Work- life balance for me is very important.

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<v Shaun Fenwick>I love traveling, going on holidays, seeing friends and family.

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<v Shaun Fenwick>And we've all been in that position where we're overworked,

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<v Shaun Fenwick>but that's not sustainable for a long period of time. Yes,

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<v Shaun Fenwick>in accounting there's times of the month where we are

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<v Shaun Fenwick>working longer hours, but you need to find a balance,

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<v Shaun Fenwick>that's the key there, where you are happy to sacrifice

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<v Shaun Fenwick>some of your time, but your employer is also happy

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<v Shaun Fenwick>to sacrifice some of their time. And it's working both ways,

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<v Shaun Fenwick>so I'm happy to work extra and take some time off,

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<v Shaun Fenwick>and so does my employer. And it's finding an employer

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<v Shaun Fenwick>that's able to give you that opportunity to have a

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<v Shaun Fenwick>comfortable work- life balance. And I think I've found that

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<v Shaun Fenwick>that's very important to me, for sure. I'm currently finance

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<v Shaun Fenwick>manager at Brixton Brewery, which is a craft beer company

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<v Shaun Fenwick>based in South London, in Brixton. What does that entail?

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<v Shaun Fenwick>I guess finance manager, I head up the finance team

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<v Shaun Fenwick>and it's just a small team of us, just myself

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<v Shaun Fenwick>and a finance assistant. We are a subsidiary of Heineken,

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<v Shaun Fenwick>so we work very closely with the team at Heineken

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<v Shaun Fenwick>as well.

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<v Maiki Lynch>That's so exciting.  What  made  you  choose  that  industry?

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<v Shaun Fenwick>Well,  originally  I  started  as  an  accountant  in  practice  working 

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<v Shaun Fenwick>for  UHY  Hacker  Young  over  in  Cambridge.  And  I  was 

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<v Shaun Fenwick>halfway  through  my  ACCA  journey,  having  sat  I  guess  six 

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<v Shaun Fenwick>or  seven  exams  at  that  time.  And  as  an  accountant 

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<v Shaun Fenwick>working  in  accounts  and  tax,  I  was  on  the  pathway 

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<v Shaun Fenwick>to  becoming  a  manager  and  then  up  to  a  partner 

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<v Shaun Fenwick>level,  and  that  was  my  aspirations  at the  time.
 But  then 

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<v Shaun Fenwick>for  me,  practice  was  very  compliance- heavy,  so  I  was 

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<v Shaun Fenwick>working  on  accounts  and  tax  for  clients,  but  I  was 

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<v Shaun Fenwick>quite  limited  in  what  extra  or  added  value  I  could 

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<v Shaun Fenwick>add  to  those  clients.  Whereas  industry  on  the  other  hand, 

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<v Shaun Fenwick>I'm  working  in a  finance  team  in- house  and  really  getting 

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<v Shaun Fenwick>involved  in  not  just  the  compliance  side  of  things  but 

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<v Shaun Fenwick>the  business  management,  looking  at-

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<v Maiki Lynch>So you've had a bit more of a breadth of work, working in industry?

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<v Shaun Fenwick>Yeah,  exactly.  Getting  involved  in  projects  and  being  able  to 

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<v Shaun Fenwick>see  what  I'm  adding,  if  you  like.  So  being  able 

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<v Shaun Fenwick>to  get  really  involved  in  the  day- to- day  financial 

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<v Shaun Fenwick>side  of  running  this  business,  but  then  also  the  future 

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<v Shaun Fenwick>planning  of  the  business  as  well.  Being  able  to  help 

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<v Shaun Fenwick>other  departments  within  the  business  and  watching  the  business  grow 

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<v Shaun Fenwick>over  time  and  I  really  value  that,  I  think  it's 

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<v Shaun Fenwick>great.
 Craft  beer  is  a  fun and  exciting  industry.  It's  an 

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<v Shaun Fenwick>industry  that  I've  always  loved  outside  of  work,  so  why 

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<v Shaun Fenwick>not?  And  accountancy  is  a  wonderful  career  path  to  take 

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<v Shaun Fenwick>and  it  does  open  up  a  lot  of  opportunities.

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<v Maiki Lynch>That's  fantastic.  I'm  going  to  go  to  Clara-

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<v Shaun Fenwick>Yeah,  sure.

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<v Maiki Lynch>...  and  just  a  little  bit  about  Clara.  Where  do 

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<v Maiki Lynch>you  work  and  what  do  you do?

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<v Clara Tooth>I'm  a  manager  at  a  firm  called  Accounts  and  Legal, 

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<v Clara Tooth>and  I'm  based  in  the  Manchester  office.  There's  kind  of 

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<v Clara Tooth>two  parts  to  my  role.  The  first  part  is  I 

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<v Clara Tooth>hold  a  team  of  12  people,  so  it's  my  job 

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<v Clara Tooth>to  basically  make  sure  everything  gets  done,  everything  gets  filed, 

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<v Clara Tooth>we  don't  miss  any  deadlines,  support  the  team,  develop  the 

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<v Clara Tooth>team,  help  with  training,  checking  in  with  them,  making  sure 

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<v Clara Tooth>they're  okay.  That's  the  first  side  of  my  role.
 And 

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<v Clara Tooth>then  the  second  side  is  offering  that  high- level  support 

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<v Clara Tooth>and  advice  for  business  owners.  The  team  do  a  lot 

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<v Clara Tooth>of  the  groundwork,  they  get a lot of  the  numbers  together,  and  my 

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<v Clara Tooth>job  is  to  go  and  help  explain  them  to  business 

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<v Clara Tooth>owners  and  what  they  mean  and  how  we  can  make 

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<v Clara Tooth>differences  that  will  impact  and  change  their  lives.  But  yeah, 

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<v Clara Tooth>that's  my  role  in  short,  quite  a  lot  going  on.

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<v Maiki Lynch>That  is  quite  a  lot  going  on.  Managing  12  people, 

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<v Maiki Lynch>that's  a  large  team.  I  would  call  that  quite  a 

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<v Maiki Lynch>large  team.

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<v Clara Tooth>Yes,  definitely.  I've  got  four  assistant  managers  and  I'm  very 

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<v Clara Tooth>lucky  with  all  of  them.  They  do  a  great  job 

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<v Clara Tooth>of  looking  after  some  of  the  junior  members  of  staff 

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<v Clara Tooth>as  well.

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<v Maiki Lynch>Can  you  tell  us  a  little  bit  about  how  you 

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<v Maiki Lynch>got  there?  I  presume  you've  been  there  for  a  little 

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<v Maiki Lynch>while.  Can  you  tell  us  a  little  bit  about  how 

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<v Maiki Lynch>you  got  that  role?

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<v Clara Tooth>Absolutely.  If  we  go  all  the  way  back  to  2015, 

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<v Clara Tooth>I'd  just  left  high  school,  didn't  really  know  what  I 

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<v Clara Tooth>wanted  to  do.  I  was  pretty  good  at  maths,  knew 

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<v Clara Tooth>I  wanted  something  that  was  numbers  focused,  and  just  fell 

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<v Clara Tooth>into  an  accountancy  apprenticeship  really.  And  it  was  luck  and 

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<v Clara Tooth>I  told  myself  I'll  give  myself  a  month  and  if 

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<v Clara Tooth>I  hate  it,  I'll  go  to  college  and if I  like  it, 

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<v Clara Tooth>I'll  stick  it  out.
 Six  years  down  the  line  I'd 

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<v Clara Tooth>just  qualified,  and  that  was  about  two  and  a  half 

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<v Clara Tooth>years  ago  now,  so  eight  and  a  half  years  in 

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<v Clara Tooth>total.  And  I've  basically  just  worked  my  way  up  bit 

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<v Clara Tooth>by  bit  by  bit.  Started  off  as  a  trainee,  then 

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<v Clara Tooth>a  semi- senior,  senior, senior,  assistant  manager,  portfolio  holder,  and  now 

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<v Clara Tooth>to  manager  and  client  and  team  responsibility.

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<v Maiki Lynch>That's  an  incredibly  quick  journey.

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<v Clara Tooth>Yes.

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<v Maiki Lynch>Congratulations.  You  came  into  that  straight  from  school?

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<v Clara Tooth>Yeah,  16,  straight  out  of  high  school.

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<v Maiki Lynch>Wow,  wow.

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<v Clara Tooth>And  if  I  was  to  go  back  in  time,  I'd 

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<v Clara Tooth>definitely  do  it  again  because it was  a  lot  of  fun.

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<v Maiki Lynch>You  talked  about  becoming  qualified,  so you are a  qualified  accountant.  How  did 

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<v Maiki Lynch>your  exams  go? Was it  all  smooth  sailing  all  the  way  through?

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<v Clara Tooth>I  started  off  with my  AAT,  that  took  around  three  and 

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<v Clara Tooth>a  half  years,  and  it  was  okay.  It  was  challenging. 

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<v Clara Tooth>There  was  things,  there  was  exams  that  were  difficult,  but 

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<v Clara Tooth>it  was  okay  and I  got  through  them  all  first  time.


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<v Clara Tooth>I  then  moved  on  to  my  ACCA  and  it  was 

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<v Clara Tooth>hard  work.  I  didn't  have  too  much  confidence  in  myself 

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<v Clara Tooth>back  then,  I didn't think  I'd  pass  many  or  if  any.  But 

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<v Clara Tooth>I  really  got  my  head  down,  I  worked  really  hard, 

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<v Clara Tooth>and  I  managed  to  pass  them  all  first  time.  So 

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<v Clara Tooth>it  was  definitely  worth  it,  but  it  was  by  no 

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<v Clara Tooth>means  easy  and  it  was  very  rewarding  at  the  end.

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<v Maiki Lynch>Yeah,  that's after the  journey  for  a  lot  of  people  that  step 

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<v Maiki Lynch>up  from  a  foundation  qualification  to  your  charter  qualification  can 

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<v Maiki Lynch>sometimes  feel  like  a  step  up.  I  presume  you  were 

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<v Maiki Lynch>working  at  the  same  time  as  studying?

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<v Clara Tooth>Yep.  I  would  work  four  days  a  week  and  then 

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<v Clara Tooth>I'd  get  one  day  week  study  leave  as  part  of 

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<v Clara Tooth>the  apprenticeship.  And  on  that  day  I'd  go  to  college 

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<v Clara Tooth>and  then  you'd  have  to  study  in  evenings  and  weekends 

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<v Clara Tooth>as  well.  It  was  a  lot  of  hard  work,  especially 

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<v Clara Tooth>the  closer  you  get  to  exams,  it's  every  evening  and 

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<v Clara Tooth>every  weekend.

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<v Maiki Lynch>And  do  you  feel  it  was  worth  it?

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<v Clara Tooth>Definitely.  If  I  went  back  in  time,  I'd  definitely  do 

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<v Clara Tooth>it  all  again.

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<v Maiki Lynch>Do  you  remember  how  you  celebrated  when  you  did  qualify, 

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<v Maiki Lynch>when  you  got  that  charter  status,  the  letters  after  your 

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<v Maiki Lynch>name,  do  you  remember  what  you  did  or  if  you  celebrated?

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<v Clara Tooth>We  got  our  results  at  midnight,  so I think  the  day  that 

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<v Clara Tooth>I  qualified  I  didn't  particularly  sleep  at  all  that  night. 

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<v Clara Tooth>I  just  think  I  was so over  the  moon.  Yeah,  I  didn't 

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<v Clara Tooth>do  anything  big  or  crazy.  But  yeah,  I  was  just 

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<v Clara Tooth>really  happy,  and  lots  of  celebrations  with  family  and  friends. 

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<v Clara Tooth>Long  time  coming,  it  felt  like  by  the  time  I 

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<v Clara Tooth>got  there,  but  it  was a really,  really  good  feeling  in  the  moment.

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<v Maiki Lynch>Shaun,  can  I  come  back  to  you  because  I  didn't 

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<v Maiki Lynch>actually  touch  upon  where  you  are  in  your  studies  or 

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<v Maiki Lynch>if  you're  qualified.  Where are  you  in  your  journey  at  the  moment?

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<v Shaun Fenwick>Yeah,  sure. My  journey  started  very  similarly  to  Clara's,  although  I 

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<v Shaun Fenwick>stayed  at  school  and  did  my  A- levels,  so  studied 

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<v Shaun Fenwick>maths  in  the  first  year  of  my  A- levels,  and 

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<v Shaun Fenwick>maths  was  always  a  strong  point  of  mine.  So  naturally 

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<v Shaun Fenwick>I  thought, " Let's  start  a  career in  accountancy."
 I  started  as 

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<v Shaun Fenwick>an  apprentice,  working  for  a  company  called  Bidwells  at the  time. 

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<v Shaun Fenwick>They  had  a  client  accounting  team  and  that  was  in 

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<v Shaun Fenwick>their  agricultural  division,  so  I  worked  with  lots  of  landowners, 

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<v Shaun Fenwick>contract  farmers,  and  as  you  can  imagine,  it  was  a 

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<v Shaun Fenwick>box  full  of  receipts  and  manually-

0:09:19.650 --> 0:09:19.829
<v Maiki Lynch>Are  they all there?

0:09:20.880 --> 0:09:25.200
<v Shaun Fenwick>Yeah,  exactly.  My  first  role  in  accounting  was  very  junior 

0:09:25.200 --> 0:09:28.199
<v Shaun Fenwick>as  well,  and  then  decided,  okay,  I want  to  become  a 

0:09:28.200 --> 0:09:30.959
<v Shaun Fenwick>chartered  accountant.  So  I  was  weighing  up  my  options  and 

0:09:30.960 --> 0:09:34.080
<v Shaun Fenwick>decided  what  do  I  want  to  have  this  accountancy  qualification 

0:09:34.080 --> 0:09:37.050
<v Shaun Fenwick>and  I  want  to  be  an  all- rounded  accountant,  if 

0:09:37.050 --> 0:09:40.890
<v Shaun Fenwick>you  like.  Hence,  why  I  chose  ACCA.  Started  my  journey 

0:09:40.890 --> 0:09:44.250
<v Shaun Fenwick>with  ACCA  also  under  an  apprenticeship  scheme,  so  I  was 

0:09:44.250 --> 0:09:47.159
<v Shaun Fenwick>working  four  days  a  week,  one  day  out  at  college. 

0:09:47.250 --> 0:09:50.129
<v Shaun Fenwick>I  was  sitting  exams  once  every  quarter  at  that  time 

0:09:50.700 --> 0:09:54.180
<v Shaun Fenwick>was  getting  first- time  passes  for  the  first  year  or 

0:09:54.330 --> 0:09:57.690
<v Shaun Fenwick>two  whilst  I  was  under  the  apprenticeship  program.
 And  then 

0:09:58.620 --> 0:10:02.639
<v Shaun Fenwick>I  decided,  move  away  from  being  an  accountant,  let's  go 

0:10:02.639 --> 0:10:04.920
<v Shaun Fenwick>and  work  in  an  industry  such as  craft  beer,  which  is 

0:10:04.920 --> 0:10:07.348
<v Shaun Fenwick>where  I'm  now.  And  at  that  point  I  no  longer 

0:10:07.349 --> 0:10:10.740
<v Shaun Fenwick>got  the  study  support,  so  I  was  studying  myself  in 

0:10:10.740 --> 0:10:13.799
<v Shaun Fenwick>the  evenings  and  on  the  weekends.  And  that  was  difficult, 

0:10:13.830 --> 0:10:15.570
<v Shaun Fenwick>that  was  really  tough.  I  did  fail  a  couple  of 

0:10:15.570 --> 0:10:21.208
<v Shaun Fenwick>exams,  but  resat  them,  got  through  them  eventually.  And  recently, 

0:10:21.240 --> 0:10:24.179
<v Shaun Fenwick>in  December,  I  sat  my  last  exam.  I'm  waiting  on 

0:10:24.179 --> 0:10:27.870
<v Shaun Fenwick>the  results  so  I'm  not,  well,  could  be  fully  qualified, 

0:10:27.929 --> 0:10:29.458
<v Shaun Fenwick>I  might  not  be,  we'll  wait  and  see.

0:10:30.029 --> 0:10:33.870
<v Maiki Lynch>That's  really exciting. That's it,  so  you're  waiting  on  the  message  to  come 

0:10:33.870 --> 0:10:36.120
<v Maiki Lynch>through.  Will  you  be  staying  up  on  Sunday  night?

0:10:36.210 --> 0:10:39.120
<v Shaun Fenwick>Absolutely,  yep.  It's  always  a  difficult  one.  It's  like  do 

0:10:39.120 --> 0:10:43.320
<v Shaun Fenwick>I  stay  up  and  hope  for  the  best  or  do I go 

0:10:43.530 --> 0:10:45.330
<v Shaun Fenwick>to  sleep  and  just  check  it  in  the  morning?  But 

0:10:45.450 --> 0:10:47.160
<v Shaun Fenwick>if  you  do  that,  you're  going  to have  a  sleepless  night. 

0:10:47.160 --> 0:10:48.660
<v Shaun Fenwick>But  if  I  stay  awake  I  might  have  a  sleepless 

0:10:48.660 --> 0:10:49.828
<v Shaun Fenwick>night,  who  knows,  so  yeah.

0:10:50.340 --> 0:10:51.450
<v Maiki Lynch>Will  you  let  us  know  how  you  get  on?

0:10:51.480 --> 0:10:53.760
<v Shaun Fenwick>Yeah,  definitely.  For  sure.  Yeah,  it's  been  a  long  wait, 

0:10:54.000 --> 0:10:55.770
<v Shaun Fenwick>it's  a  six- week  wait  for  the  results.

0:10:55.770 --> 0:11:01.979
<v Maiki Lynch>Yes.  If  you  pass,  what are you going to do, what's  the  celebration  that's  been  planned? 

0:11:02.910 --> 0:11:03.420
<v Maiki Lynch>Are  you  going  to  work on Monday?

0:11:03.420 --> 0:11:08.218
<v Shaun Fenwick>I haven't got any plans yet. I  will  be  working  on  Monday.  I  think  it'll  be 

0:11:08.220 --> 0:11:11.520
<v Shaun Fenwick>the  weekend  after  where  celebrations  will  begin.  We'll  see,  friends 

0:11:11.520 --> 0:11:17.309
<v Shaun Fenwick>and  family,  just  probably go out for a meal  and  some  drinks  and  yeah,  we'll 

0:11:17.309 --> 0:11:19.440
<v Shaun Fenwick>be  in  full  celebration  mode,  for  sure,  hopefully.

0:11:20.040 --> 0:11:22.230
<v Maiki Lynch>Clara,  I'm  going  to  come  back  to  you.  So  in 

0:11:22.230 --> 0:11:25.050
<v Maiki Lynch>your  current  role,  how  do  you  feel  your  work- life 

0:11:25.050 --> 0:11:27.478
<v Maiki Lynch>balance  is  and  can  you  tell  us  just  a  little 

0:11:27.480 --> 0:11:29.309
<v Maiki Lynch>bit  about  your  work- life  balance  that  you  have?

0:11:29.458 --> 0:11:33.780
<v Clara Tooth>Yeah, absolutely. In terms of work- life balance in my role,

0:11:33.809 --> 0:11:37.680
<v Clara Tooth>there definitely is a balance. My job is nine- to- five,

0:11:37.710 --> 0:11:40.109
<v Clara Tooth>although it isn't always nine- to- five. There are definitely

0:11:40.109 --> 0:11:42.720
<v Clara Tooth>times where sometimes I have to stay late and things

0:11:42.720 --> 0:11:47.370
<v Clara Tooth>are due and that's that.
But on the flip side, there

0:11:47.370 --> 0:11:51.030
<v Clara Tooth>is a lot of rewards to that kind of job.

0:11:51.690 --> 0:11:54.478
<v Clara Tooth>For example, where I work at moment we've implemented something

0:11:54.480 --> 0:11:57.210
<v Clara Tooth>called Friyays, and that's where you get to do a

0:11:57.210 --> 0:12:00.328
<v Clara Tooth>full day week and take Friday off. So we do

0:12:00.330 --> 0:12:02.578
<v Clara Tooth>longer four- hour days and then a full Friday off.

0:12:02.850 --> 0:12:05.520
<v Clara Tooth>Every Saturday and Sunday is off so the weekends are mine.

0:12:05.790 --> 0:12:08.220
<v Clara Tooth>I do not work on weekends or bank holidays, that

0:12:08.220 --> 0:12:11.699
<v Clara Tooth>is my time. And things like Christmas I get completely off,

0:12:11.700 --> 0:12:14.610
<v Clara Tooth>finish on the 22nd, went back on the 2nd of Jan.

0:12:15.000 --> 0:12:16.859
<v Clara Tooth>And for me I think that's quite a good work-

0:12:16.859 --> 0:12:20.160
<v Clara Tooth>life balance. When I take time off, that time is mine.

0:12:20.490 --> 0:12:22.500
<v Clara Tooth>And don't get me wrong, sometimes I do have to work

0:12:22.500 --> 0:12:25.228
<v Clara Tooth>a little bit late and get something done, but there's

0:12:25.230 --> 0:12:28.500
<v Clara Tooth>quite a lot of flexibility. We also have things like flexitime,

0:12:28.559 --> 0:12:31.439
<v Clara Tooth>so I'm not very good at starting work at eight

0:12:31.440 --> 0:12:33.689
<v Clara Tooth>o'clock in the morning, so I will start at 9:

0:12:33.839 --> 0:12:36.268
<v Clara Tooth>30 and work until a little bit later. But other members of

0:12:36.270 --> 0:12:39.240
<v Clara Tooth>the team, they like to be in early and home early and that's

0:12:39.240 --> 0:12:42.030
<v Clara Tooth>quite nice, you can just fit it around whatever suits

0:12:42.030 --> 0:12:43.920
<v Clara Tooth>you and your lifestyle, and yeah!

0:12:46.002 --> 0:12:46.002
<v Maiki Lynch>Friyay sounds great!

0:12:46.002 --> 0:12:46.003
<v Clara Tooth>Friyays are good!

0:12:46.003 --> 0:12:52.379
<v Maiki Lynch>Friyay and  a  little  bit  of  flexi  sounds  incredible.  Shaun,  how's 

0:12:52.379 --> 0:12:54.809
<v Maiki Lynch>your  workplace  in  terms  of  work- life  balance?

0:12:55.290 --> 0:12:58.800
<v Shaun Fenwick>For  me  it's  great.  I  think  everyone  has  their  own  work-

0:12:58.800 --> 0:13:03.030
<v Shaun Fenwick>life  meaning.  For  me  it's  just  being  able  to  have 

0:13:03.030 --> 0:13:06.509
<v Shaun Fenwick>the  time  available  to  see  friends  and  families,  go  on 

0:13:06.509 --> 0:13:10.769
<v Shaun Fenwick>holiday,  et  cetera,  and  not  being  overworked.  In  the  world 

0:13:10.770 --> 0:13:14.250
<v Shaun Fenwick>of  accounting  now  there's  so  many  systems  that  you  can 

0:13:14.250 --> 0:13:18.300
<v Shaun Fenwick>implement  to  streamline  your  work,  so  for  me  it's  all 

0:13:18.300 --> 0:13:21.929
<v Shaun Fenwick>about  working  smart  and  not  harder,  and  how  can  I 

0:13:21.929 --> 0:13:23.610
<v Shaun Fenwick>do  that  to  make  sure  that  I've  got  the  most 

0:13:23.610 --> 0:13:26.400
<v Shaun Fenwick>amount  of  free  time  possible,  really.
 We  do  work  9:

0:13:26.490 --> 0:13:30.420
<v Shaun Fenwick>00 until 5:00  but  there's  no  commitment  to  work  any  extra  hours 

0:13:30.420 --> 0:13:33.210
<v Shaun Fenwick>in  the  evenings  or  the  weekends,  so  that's  my  own 

0:13:33.210 --> 0:13:35.700
<v Shaun Fenwick>time.  We  have  a  good  annual  leave  allowance  so I  can 

0:13:35.700 --> 0:13:39.480
<v Shaun Fenwick>get  those  holiday  trips  in.  We  can  also  work  wherever, 

0:13:39.480 --> 0:13:43.680
<v Shaun Fenwick>whenever.  So  we  can  work  remotely,  whether  that's  at  home, 

0:13:43.740 --> 0:13:47.279
<v Shaun Fenwick>or  if  you  want  to  book  a  long  weekend  somewhere 

0:13:47.279 --> 0:13:48.001
<v Shaun Fenwick>and  you  want  to  work-

0:13:48.001 --> 0:13:48.002
<v Maiki Lynch>As well.

0:13:48.002 --> 0:13:50.250
<v Shaun Fenwick>...  in  a  different  country,  you  can,  you  just  need 

0:13:50.250 --> 0:13:51.750
<v Shaun Fenwick>a  laptop  and  that's  great.

0:13:52.140 --> 0:13:56.670
<v Maiki Lynch>Lovely. And so  I  think  accounting  and  finance,  it  does  have  that 

0:13:56.670 --> 0:13:59.639
<v Maiki Lynch>reputation,  particularly  at  the  beginning  but  also  when  you  are 

0:13:59.639 --> 0:14:02.458
<v Maiki Lynch>qualified  and  you  are  more  senior,  of  being  quite  hours-

0:14:02.460 --> 0:14:04.470
<v Maiki Lynch>heavy.  Have  you  found  that  to  be  the  case?

0:14:04.500 --> 0:14:07.860
<v Shaun Fenwick>In  a  previous  role  there  was  quite  a  big  focus 

0:14:07.860 --> 0:14:11.550
<v Shaun Fenwick>on  billable  hours  or  chargeable  hours.  Especially  in  the  role 

0:14:11.550 --> 0:14:13.500
<v Shaun Fenwick>that  I  was  in  at the  time  it  was  very  much, "

0:14:13.500 --> 0:14:16.440
<v Shaun Fenwick>Right,  I  just  need  to  sit  and  work."
 But  throughout 

0:14:16.440 --> 0:14:20.790
<v Shaun Fenwick>my  time  in  that  role  the  company  shifted  its  mentality 

0:14:20.790 --> 0:14:24.599
<v Shaun Fenwick>from  billable,  chargeable  hours  to  valuable  hours,  if  you  like. 

0:14:24.630 --> 0:14:26.729
<v Shaun Fenwick>And  it  was  about  getting  the  work  done  to  a 

0:14:26.730 --> 0:14:29.370
<v Shaun Fenwick>high  standard  and  it  was  up  to  you  to  decide 

0:14:29.700 --> 0:14:33.240
<v Shaun Fenwick>how  many  hours  you were  working.  And  if  you  were  excelling 

0:14:33.240 --> 0:14:35.849
<v Shaun Fenwick>and  you  were  putting  in  the  effort,  you  would  be 

0:14:35.849 --> 0:14:38.549
<v Shaun Fenwick>rewarded  for  that,  which  I  think  was  great.  So  that 

0:14:38.549 --> 0:14:40.020
<v Shaun Fenwick>mindset  has  changed  definitely.

0:14:40.710 --> 0:14:46.020
<v Maiki Lynch>Do  you  think that happened during the  pandemic or do you think the pandemic  gave  any  changes  to  the  way 

0:14:46.020 --> 0:14:46.170
<v Maiki Lynch>we  work?

0:14:46.170 --> 0:14:46.951
<v Shaun Fenwick>For  me  it  happened  before  the pandemic.

0:14:46.951 --> 0:14:46.952
<v Maiki Lynch>Before?

0:14:46.952 --> 0:14:52.349
<v Shaun Fenwick>Yeah.  The  pandemic  helped.  The  pandemic  has  introduced  this  idea 

0:14:52.349 --> 0:14:54.210
<v Shaun Fenwick>of  a  four- day  working  week.  There's  a  lot  of 

0:14:54.210 --> 0:14:58.049
<v Shaun Fenwick>research  to  suggest  that  actually  you  can  do  the  same 

0:14:58.049 --> 0:15:00.480
<v Shaun Fenwick>amount  of  work  in  fewer  hours,  and  I  think  that's 

0:15:00.480 --> 0:15:03.120
<v Shaun Fenwick>great.  And  I  think  accountancy  is  one  of  those  roles 

0:15:03.120 --> 0:15:07.770
<v Shaun Fenwick>where  that's  evident,  you  can  really  demonstrate  that.

0:15:09.210 --> 0:15:12.389
<v Clara Tooth>I  think  from  my  perspective,  I  do  think  there  probably 

0:15:12.389 --> 0:15:14.759
<v Clara Tooth>was  once  a  time  where  people  were  working  late  and 

0:15:14.759 --> 0:15:17.699
<v Clara Tooth>you  had  to  work  a  lot  of  hours,  but  in 

0:15:17.699 --> 0:15:20.280
<v Clara Tooth>practice  I  think  there's  been  a  very  big  change  in 

0:15:20.280 --> 0:15:22.890
<v Clara Tooth>the  last,  say,  five  years  or  so,  where  technology's  come 

0:15:22.890 --> 0:15:27.510
<v Clara Tooth>in  and  we've  shifted  from  everything  being, " Oh  my  gosh, 

0:15:27.510 --> 0:15:30.510
<v Clara Tooth>the  client's  given  me  something  a  day  before  deadline,"  to it 

0:15:30.599 --> 0:15:32.670
<v Clara Tooth>being  a  lot  more  electronic.  So  I  feel  like  you 

0:15:32.670 --> 0:15:34.559
<v Clara Tooth>can  get  ahead  of  things  a  lot  more  and  plan 

0:15:34.559 --> 0:15:38.640
<v Clara Tooth>better  and  prepare  better,  and  I  found  that  that's  reduced 

0:15:38.640 --> 0:15:42.000
<v Clara Tooth>that  need  almost  for  excessive  working  because  it's  not  like 

0:15:42.000 --> 0:15:44.430
<v Clara Tooth>you've  got  10  people  who  all  need  everything  doing  tomorrow, 

0:15:44.730 --> 0:15:47.910
<v Clara Tooth>you  actually  have ...  You're  able  to  do  things  easier  and 

0:15:47.910 --> 0:15:50.549
<v Clara Tooth>earlier  and  quicker.
 You'll  hear  a  lot  of  accountants  talk 

0:15:50.549 --> 0:15:52.979
<v Clara Tooth>about  this  time  of  year,  tax  return  season,  and  everyone's 

0:15:52.980 --> 0:15:56.340
<v Clara Tooth>working  crazy.  Well,  actually,  the  way  things  are  going  I've 

0:15:56.340 --> 0:15:58.590
<v Clara Tooth>found  each  year  it's  eased  off  a  little  bit  more, 

0:15:58.590 --> 0:16:01.740
<v Clara Tooth>a  little  bit  more,  a  little  bit  more.  And  we 

0:16:01.740 --> 0:16:03.990
<v Clara Tooth>do  just  seem  to  be  getting  into  a  better  system 

0:16:04.320 --> 0:16:07.410
<v Clara Tooth>almost.  And I think  that  is  allowing  also  better  work- life  balance 

0:16:07.770 --> 0:16:10.109
<v Clara Tooth>and  taking  quite  a  lot  of  stress  off.  Compared  to, 

0:16:10.109 --> 0:16:12.209
<v Clara Tooth>when  I  think  back  to  when  I  first  started,  the 

0:16:12.209 --> 0:16:13.710
<v Clara Tooth>amount  of  things  you'd  have  to  get  done  in  a 

0:16:13.710 --> 0:16:16.500
<v Clara Tooth>short  period  of  time  due  to  things  outside  of  your 

0:16:16.500 --> 0:16:19.110
<v Clara Tooth>control  aren't  exactly  the  same  now,  you  do  have  a 

0:16:19.110 --> 0:16:22.709
<v Clara Tooth>lot  more  control  and  a  lot  more  ability  to  reduce 

0:16:22.710 --> 0:16:23.490
<v Clara Tooth>that  stress.

0:16:23.880 --> 0:16:26.910
<v Maiki Lynch>Do you  think  you  can  achieve  a  good  work- life  balance 

0:16:26.910 --> 0:16:27.781
<v Maiki Lynch>working  in  accounting  and  finance?

0:16:27.781 --> 0:16:31.410
<v Clara Tooth>I think  you  definitely  can  achieve  it.  And  the  way  that 

0:16:31.530 --> 0:16:35.310
<v Clara Tooth>my  view  on  it  is,  like  I  said  earlier,  sometimes 

0:16:35.310 --> 0:16:37.739
<v Clara Tooth>you  do  still  have  to  work  late,  but  you  do 

0:16:37.740 --> 0:16:40.650
<v Clara Tooth>get  that  back.  So  that's  where  the  balance  comes,  is 

0:16:40.650 --> 0:16:42.000
<v Clara Tooth>there  is  a  little  bit  of  give  but  you  do 

0:16:42.360 --> 0:16:44.280
<v Clara Tooth>take  it  back  for  yourself  and you  do  get  to  enjoy 

0:16:44.280 --> 0:16:48.810
<v Clara Tooth>your  life  and  your  lifestyle.
I  feel  very  lucky,  blessed,  grateful, 

0:16:48.810 --> 0:16:51.600
<v Clara Tooth>all  of  it,  with  the  lifestyle  that  I'm  able  to 

0:16:51.600 --> 0:16:57.030
<v Clara Tooth>have.  I'm  24,  I  qualified  at  22,  and  that's  pretty 

0:16:57.030 --> 0:17:00.480
<v Clara Tooth>young  for  an  accountant.  In  the  summer,  so  just  in 

0:17:00.480 --> 0:17:02.849
<v Clara Tooth>August  '23,  I  managed  to  buy  my  first  home  on 

0:17:02.849 --> 0:17:06.208
<v Clara Tooth>my  own  and  that  was  an  absolutely  amazing  achievement  for 

0:17:06.240 --> 0:17:09.930
<v Clara Tooth>me.  And  I  feel  very  grateful  that  I  was  firstly 

0:17:09.930 --> 0:17:12.330
<v Clara Tooth>given  the  opportunity  as  a  16- year- old  to  be 

0:17:12.660 --> 0:17:15.299
<v Clara Tooth>allowed  to  become  an accountant  and  work  my  way  up  and 

0:17:15.300 --> 0:17:20.219
<v Clara Tooth>have  all  this,  and  I  feel  so  blessed  that  when 

0:17:20.219 --> 0:17:22.888
<v Clara Tooth>I  book  time  off  I  can  go  on  holiday.
 It's 

0:17:22.888 --> 0:17:24.780
<v Clara Tooth>very  lucky  to  be  able  to  have  a  long- term 

0:17:24.780 --> 0:17:26.970
<v Clara Tooth>career  and  know  that  you're  always  safe  and  you're  always 

0:17:26.970 --> 0:17:29.790
<v Clara Tooth>going  to  have  a  nice,  steady  income,  and  that  will 

0:17:29.790 --> 0:17:31.560
<v Clara Tooth>then  give  you  the  opportunities  to  do  what  you  want 

0:17:31.560 --> 0:17:34.408
<v Clara Tooth>to  do  with  your  life  outside  of  work.  And  enjoy 

0:17:34.410 --> 0:17:36.450
<v Clara Tooth>yourself  because  we  all  get  up  every  day,  we  come 

0:17:36.450 --> 0:17:38.099
<v Clara Tooth>to  work,  when  we  go  home  we  should  be  able 

0:17:38.099 --> 0:17:40.138
<v Clara Tooth>to  do  what  we  want  to  and  what  makes  us 

0:17:40.138 --> 0:17:43.109
<v Clara Tooth>happy.  But  it  is  opened  a  lot  of  things  personally 

0:17:43.109 --> 0:17:46.800
<v Clara Tooth>as  well.  I'm  able  to  do  what  I  want  and 

0:17:46.890 --> 0:17:48.420
<v Clara Tooth>it's  great,  I  feel  very  blessed.

0:17:48.810 --> 0:17:51.629
<v Maiki Lynch>Well,  congratulations,  particularly  on  you  house  purchase.

0:17:51.929 --> 0:17:52.109
<v Clara Tooth>Thank  you.

0:17:52.109 --> 0:17:55.590
<v Maiki Lynch>You've  worked  so  hard  for  and  it's  just  really  inspiring 

0:17:55.590 --> 0:17:58.021
<v Maiki Lynch>to  hear,  so  thank  you  for  sharing  that with us.

0:17:58.021 --> 0:18:01.230
<v Clara Tooth>Well, my house definitely isn't a mansion by any means,

0:18:01.230 --> 0:18:02.100
<v Clara Tooth>but I've got my own!

0:18:02.101 --> 0:18:03.030
<v Maiki Lynch>Give it time,  the  second  one.

0:18:03.119 --> 0:18:05.220
<v Clara Tooth>Yeah,  I've  got  some  bricks  and  mortar,  it's  great.

0:18:05.730 --> 0:18:08.340
<v Maiki Lynch>Shaun,  coming  to  you,  just  the  same  questioning  from  me. 

0:18:09.000 --> 0:18:11.760
<v Maiki Lynch>What  lifestyle  has  this  career  path  allowed  you  to  have?

0:18:13.230 --> 0:18:17.158
<v Shaun Fenwick>It's  introduced  me  to  a  lot  of  interesting  people,  opened 

0:18:17.160 --> 0:18:20.100
<v Shaun Fenwick>up  a  lot  of  opportunities.  Also,  for  me,  I  work 

0:18:20.100 --> 0:18:23.760
<v Shaun Fenwick>in  craft  beer,  which  is  a  really  fun,  exciting  industry. 

0:18:23.880 --> 0:18:28.559
<v Shaun Fenwick>We  have a taproom,  so  it  means  going  out  to  the taproom  and 

0:18:28.559 --> 0:18:31.890
<v Shaun Fenwick>drinking  loads  of  free  beer,  which  is  brilliant,  so  that's 

0:18:32.130 --> 0:18:36.418
<v Shaun Fenwick>Friday  evening  sorted.  And  I'm  very  fortunate  enough  to be in  a 

0:18:36.420 --> 0:18:38.940
<v Shaun Fenwick>position  where  I  can  go  on  a  number  of  holidays 

0:18:38.940 --> 0:18:42.750
<v Shaun Fenwick>every  year,  explore  the  world,  live  in  an  amazing  city. 

0:18:42.750 --> 0:18:45.840
<v Shaun Fenwick>I  live  in  London,  which  is  brilliant.
 And  likewise,  I'm 

0:18:45.840 --> 0:18:49.170
<v Shaun Fenwick>very  excited  what  the  future  holds.  There's  so  many  different 

0:18:49.170 --> 0:18:51.388
<v Shaun Fenwick>routes  you  can  take  and  which  I  can  still  take. 

0:18:51.388 --> 0:18:53.849
<v Shaun Fenwick>There's  so  many  skills  that  I  can  learn  and  I 

0:18:53.850 --> 0:18:57.060
<v Shaun Fenwick>haven't  learned.  Accountancy  is  this  never- ending  cycle,  which  you 

0:18:57.060 --> 0:18:59.760
<v Shaun Fenwick>can  just  keep  getting  the  next  opportunity,  or  fighting  for 

0:18:59.760 --> 0:19:00.540
<v Shaun Fenwick>the  next  opportunity.

0:19:03.388 --> 0:19:05.339
<v Maiki Lynch>Do you think, Shaun, that you can achieve or that you  have  achieved  a  good  work- life  balance?

0:19:05.340 --> 0:19:09.630
<v Shaun Fenwick>Yeah,  definitely.  In  my  role,  I'm  responsible  for  managing  my 

0:19:09.630 --> 0:19:12.449
<v Shaun Fenwick>own  workload  as  well.  For  me,  I've  been  in  other 

0:19:12.450 --> 0:19:15.930
<v Shaun Fenwick>roles  prior  to  being  an  accountant,  where  I'm  customer- facing, 

0:19:15.930 --> 0:19:18.540
<v Shaun Fenwick>for  example.  I  need  to  be  present.  I  need  to 

0:19:18.540 --> 0:19:22.410
<v Shaun Fenwick>be  there  from  this  hour  to  that  hour.  In  accountancy 

0:19:22.559 --> 0:19:24.660
<v Shaun Fenwick>it  is  up  to  me  to  pick  up  the  work 

0:19:24.660 --> 0:19:26.398
<v Shaun Fenwick>when  I  can  and  to  get  it  done  when  I 

0:19:26.400 --> 0:19:29.100
<v Shaun Fenwick>need  to  get  it  done.  That  will  enable  me  to 

0:19:29.400 --> 0:19:32.430
<v Shaun Fenwick>juggle  my  own  workload  and  to  achieve  a  healthy  work-

0:19:32.430 --> 0:19:33.060
<v Shaun Fenwick>life  balance.

0:19:33.480 --> 0:19:34.921
<v Maiki Lynch>Absolutely.  That  flexibility  is-

0:19:34.921 --> 0:19:36.179
<v Shaun Fenwick>The flexibility is  key,  yeah.  Yeah.

0:19:36.630 --> 0:19:41.790
<v Maiki Lynch>Yeah.  So,  so  key.  What  advice  would  you  give  someone 

0:19:41.790 --> 0:19:44.970
<v Maiki Lynch>perhaps  who  is  considering  a  career  in  accounting  and  finance?

0:19:46.529 --> 0:19:50.400
<v Shaun Fenwick>Speak  to  another  accountant  or  more  than  one  other  accountant. 

0:19:50.520 --> 0:19:53.790
<v Shaun Fenwick>Accountancy's  such  a  big,  big  industry,  so  try  to  speak 

0:19:54.540 --> 0:19:56.638
<v Shaun Fenwick>to  as  many  people  as  you  can  in  the  industry 

0:19:56.940 --> 0:20:00.240
<v Shaun Fenwick>to  decide  what  route  you  want  to  take.
 With  accountancy, 

0:20:00.270 --> 0:20:02.580
<v Shaun Fenwick>there  are  so  many  transferable  skills  that  you  pick  up. 

0:20:02.790 --> 0:20:06.630
<v Shaun Fenwick>So  if  you  do  start  your  career  in  accounting  and 

0:20:06.750 --> 0:20:10.080
<v Shaun Fenwick>change  your  mind,  that's  not  a  bad  thing,  you'll  definitely 

0:20:10.080 --> 0:20:14.970
<v Shaun Fenwick>use  what  you've  learned  with  ACCA  in  any  career  I 

0:20:14.970 --> 0:20:19.950
<v Shaun Fenwick>feel.  Definitely  do  your  research  first  and  then  just  go 

0:20:19.950 --> 0:20:20.190
<v Shaun Fenwick>for  it, I think.

0:20:21.150 --> 0:20:24.300
<v Maiki Lynch>I  love  that,  just  go  for  it.  Clara,  same  to  you?

0:20:24.840 --> 0:20:27.720
<v Clara Tooth>My  advice  would  be  just  do  it,  literally  go  for 

0:20:27.720 --> 0:20:30.000
<v Clara Tooth>it.  If  you  don't  like  it,  that's  fine,  at  least 

0:20:30.000 --> 0:20:33.570
<v Clara Tooth>you  tried.  And  I  would  say  it's  hard  at  the 

0:20:33.570 --> 0:20:36.450
<v Clara Tooth>beginning,  so there might  be  times  where  you  feel  like  giving  up, 

0:20:36.540 --> 0:20:39.478
<v Clara Tooth>but  just  persevere  through  because  by  the  time  you  come 

0:20:39.480 --> 0:20:43.648
<v Clara Tooth>out the other side,  the  lifestyle  you  can  have  and  the  opportunities  that 

0:20:43.650 --> 0:20:46.380
<v Clara Tooth>you can  have  are  amazing.  So  as  much  as  when  it 

0:20:46.380 --> 0:20:49.410
<v Clara Tooth>feels  hard  in  the  moment,  just  remember  that it'll all  be  worthwhile.

0:20:50.429 --> 0:20:53.099
<v Maiki Lynch>That's  it  from  this  episode  of  By  All  Accounts.  Thank 

0:20:53.099 --> 0:20:55.920
<v Maiki Lynch>you  Shaun  and  Clara  for  chatting  with  me  today.  And 

0:20:55.920 --> 0:20:58.709
<v Maiki Lynch>good  news,  we've  heard  from  Shaun  that  he  did  pass 

0:20:58.709 --> 0:21:02.190
<v Maiki Lynch>that  last  exam  and  is  qualified.  Massive  congratulations  from  all 

0:21:02.190 --> 0:21:04.918
<v Maiki Lynch>of  us  at  ACCA.
 For  a  link  to  watch  the 

0:21:04.920 --> 0:21:08.190
<v Maiki Lynch>video  version  of  this  podcast,  check  out  the  show  notes. 

0:21:08.250 --> 0:21:11.219
<v Maiki Lynch>With  skills  in  accountancy  and  finance  you  can  work  in 

0:21:11.219 --> 0:21:15.900
<v Maiki Lynch>any  business  anywhere  and  turn  your  passion  into  an  exciting 

0:21:15.929 --> 0:21:20.760
<v Maiki Lynch>and  rewarding  career  with  an  ACCA  qualification.  You  can  sign 

0:21:20.760 --> 0:21:24.928
<v Maiki Lynch>up  to  find  out  more  by  heading  to  accaglobal. com/

0:21:25.260 --> 0:21:30.540
<v Maiki Lynch>beyouanywhere.  That  link  is  also  in  the  show  notes.
 See 

0:21:30.540 --> 0:21:33.869
<v Maiki Lynch>you  next  week.  I'm  Maiki  Lynch  and  this  has  been 

0:21:33.990 --> 0:21:37.648
<v Maiki Lynch>By  All  Accounts.  By  All  Accounts  is  a  Fresh  Air 

0:21:37.650 --> 0:21:42.869
<v Maiki Lynch>Production  for  ACCA.  Its  lead  producer  is  Eva  Higginbotham  and 

0:21:42.869 --> 0:21:46.559
<v Maiki Lynch>its  executive  producer  is  Annie  Day,  with  support  from  Sarah 

0:21:46.559 --> 0:21:48.870
<v Maiki Lynch>Moore.  Yohan  Forbes  is  the  videographer.