Financial Controller Job Profile And Description

A financial controller is someone who is usually employed by large companies as the head of the accounting department where he has the responsibility of keeping track of all the expenditures, savings, profits and so and also makes decisions on what amount from the budget is to be allotted to the different departments in the office. He also needs to be aware of the various rules and regulations so that he can audit the departments and ensure transparency in the financial activities of the company. He inspects the work of the accounting department and also approves the final reports that must be submitted to the higher level executives.

Financial Controller Duties And Responsibilities

The duties and responsibilities of a financial controller involve:

  • Head the finance and accounting department and make sure they are doing their work properly
  • Hire, train and guide the employees so that there is no fraud or malpractice
  • Create profit and loss statements, balance sheets and other financial documents and statements that need to be presented at board meetings or to federal and regulatory bodies
  • May have to interact with people outside the office and explain to them the various financial concepts

Financial Controller Skills And Specifications

The skills and specifications that are required of a financial controller include:

  • Good communication, networking and leadership skills
  • Must make quick decisions, be good with numbers and be detail-oriented

Financial Controller Education And Qualification

The education and qualification requirements for a financial controller are as follows:

  • MBA or master’s degree in business management or administration
  • Specialization in subjects like accounting and finance is also helpful

Financial Controller Salary

The average salary of a financial controller is $113,000 per year which can go up or down depending on the amount of experience the candidate has and also how large the company is.