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#WeAreGreenKey: Spotlight on Jeff Blum

06Jun
Green KeyAccounting + Finance, Financial Services, General Interest, Green Key News, Worklife

Welcome back to #WeAreGreenKey, where we shine a spotlight on our powerhouse recruiting team.

We had an awesome talk with Jeff Blum last week, Director on the Financial Services team in New York. Originally working in accounting and operations, Jeff now has over 13 years of recruiting experience. He credits his accounting/operations experience for helping him relate to candidates and succeed in the field, while also attributing the strong relationships his team has been able to maintain over the years.

How did you first get started in recruiting?

I spent about seven years working in accounting and operations at large accounting firms, banks, and a hedge fund. Unfortunately, it’s not that easy to move internally at those companies and was not sure what I wanted to do for the long term.  Over the years, I had developed strong relationships with a lot of recruiters. I knew Dan Katz, who introduced me to all the partners at Green Key. Through all their different personalities, I knew there was something that set this agency apart from the rest. I worked at Green Key for a couple years, before switching to insurance sales. In 2010, I came back to Green Key, originally in the Accounting & Finance division before moving to Financial Services.

How does your professional experience in accounting help you recruit for Financial Services?

I’m able to use my background in a different capacity. It helps me relate to candidates and garners a certain respect from them. I know what it’s like to be going on these interviews all the time, while also not being sure what you want to do. I’m always transparent with my candidates. You never know what direction your career is going to take.

Are there any trends happening in Financial Services right now?

It’s been significantly busy since the second quarter of last year. From a volume perspective, hiring is still very high. We hope for it to stay that way in 2023. There is still a direct need for candidates and a lot of positions to be filled.

What keeps you coming back to recruiting every day?

I love building strong relationships, both internally and externally. When I left for a short period of time, I saw the other side of staffing agencies, and it was immediately apparent why Green Key is one of the best recruiting firms in the business.  A lot of our divisions work closely together to market each other, which has helped us to construct one of the largest and diverse client bases on Wall Steet.

What makes your team successful?

Our senior team is always to assist the younger recruiters if they have any questions or confusion. Everyone is here with the same goal, which is to fill these roles and make our clients and candidates happy. We have a great team, full of comradery, and everyone gets along well in order to create a productive environment.

Related Post

Accounting + Finance
Jun 6, 2023

COVID Saving Added $1 Trillion to Bank Deposits

Accounting + Finance
Jun 6, 2023

COVID Saving Added $1 Trillion to Bank Deposits

Banks are awash in money as consumers at record rates socked away the money they didn’t spend during the early stages of the COVID-19 shutdown.

A Mass Mutual survey discovered one in five of us put away at least $1,000. An ambitious 10% say they’ve saved more than $5,000 since the start of the pandemic. So much money has poured into the nation’s banks that the FDIC’s Deposit Insurance Fund fell below the statutory minimum.

The Federal Deposit Insurance Corp. guarantees money on deposit at insured banks up to $250,000. The fund is financed by fees paid by insured banks, based on their deposits, size and other factors.

Typically, when the fund falls below the required 1.35% of insured deposits, it’s because of bank failures. But in this case, the amount Americans saved during the early weeks and months of the pandemic grew so fast the ratio of the $114.7 billion fund to total deposits fell to 1.3%.

The FDIC called the influx of savings “extraordinary.”

“An unprecedented inflow of more than $1 trillion in estimated insured deposits in the first half of 2020 resulted mainly from the COVID-19 pandemic, specifically monetary policy actions, direct government assistance to consumers and businesses, and an overall reduction in spending,” said the FDIC.

The Mass Mutual survey found 46% of Americans spending less than in the past. Many spent more on food deliveries and streaming services, but almost two-thirds spent less on vacations. A majority (53%) reduced spending on day trips. Weddings, summer wardrobes and beauty care were also areas where a high percentage said they’ve reduced their spending.

Most of those who cancelled their summer vacation saved the money in one manner or another. A third put it away hoping to take a vacation later this year. 30% put it into their regular savings account; 15% added it to their emergency fund.

Among the 34% of Americans who saved at least something, 55% said not taking a vacation or doing any traveling helped them save. Many also said not going out at night, eating at home and skimping on personal care and clothing were other ways they saved.

What do they expect to do with the money they saved? 40% plan to hang on to it as an emergency fund. One-in-five will use it for necessities, to pay down debt and to eventually travel.

And when the COVID pandemic is over, 26% said they’ve developed new spending and saving habits which they plan to keep.

Photo by Austin Distel on Unsplash

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