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Company Controller Job Description – Updated

Company Controller Job Description – Updated

A company controller, often known as a financial controller, is a pivotal position within the senior management team of any organization, tasked with overseeing the day-to-day financial operations and ensuring the company’s financial stability and compliance with legal standards.

What Does a Company Controller Do?

The core responsibilities of a company controller revolve around maintaining the financial health of the organization. This includes producing regular financial reports, managing accounting records, and formulating and monitoring internal controls that comply with accounting practices and regulatory requirements. Controllers also oversee budgeting, manage tax filings, and partake in strategic planning alongside company executives to drive business growth and efficiency.

In addition to these duties, company controllers typically spearhead the accounting department, providing leadership and coordination in administrative, business planning, accounting, and budgeting efforts. They assess current practices and updates financial policies whenever necessary to adapt to changes in the business environment or legislation.

Writing a Job Description for a Company Controller

Writing an effective job description for a company controller requires clarity and precision. The description should accurately reflect the complexity of the role and the qualifications necessary to fulfill its responsibilities. Here’s how you can draft a competent job description:

  • Job Title: Clearly define the job title and ensure it reflects the tasks and hierarchy within the company. For example, “Senior Controller”, if applicable.
  • Job Purpose: Summarize the main purpose of the role, highlighting how it contributes to the overall success of the organization.
  • Duties and Responsibilities: List the primary duties and responsibilities, detailing elements like financial reporting, risk management, data analysis, and supervision of financial staff.
  • Qualifications: Specify the necessary educational background, certifications (such as CPA or CMA), and professional experience. Mention technical and soft skills that are crucial for the role, such as proficiency in specific software, strong analytical abilities, and leadership qualities.
  • Working Conditions: Describe the working environment of the position, including the physical location (on-site or remote possibilities), travel requirements, and expected working hours.
  • Salary Range and Benefits: Provide a competitive salary range, mention any bonuses, and outline benefits like health insurance, retirement plans, or professional development opportunities.

Company Controller Job Description Template

Below is a detailed job description template for a company controller that can be customized to fit specific organizational needs:

Title: Company Controller
Department: Finance
Reports to: Chief Financial Officer (CFO)

Job Purpose:
Ensure the company’s financial health and integrity by managing financial processes, reporting on revenue, budgeting, and compliance, and advising senior management on these matters.

Main Duties and Responsibilities:
- Oversee daily operations of the finance departments and manage the finance team.
- Develop and monitor internal controls to ensure that accounting activities are in accordance with established legal regulatory and company policies.
- Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget and weekly cash flow by division.
- Ensure accuracy of financial records and compliance with best practice financial management principles and regulatory requirements.
- Coordinate the preparation of annual tax return with external auditor.
- Develop budgets and financial plans for the company based on research and data reports.
- Review all formal finance-related procedures to ensure implementation of proper systems, policies, and practices.

Qualifications:
- Bachelor’s degree in Accounting, Finance, or relevant field; CPA or CMA preferred.
- Proven experience as a financial controller, chief or senior accountant.
- Thorough knowledge of accounting principles, laws and best practices.
- Solid analytical and data analysis skills.
- Excellent leadership and communication skills.

Working Conditions:
- Primarily in an office environment. Will be expected to travel as needed to company subsidiaries, as well as to potential acquirers to conduct due diligence. Periodic weekend or evening work is expected.

Salary Range: [Specify range here], commensurate with experience and qualifications.
Benefits: [List benefits here]

This template offers a comprehensive outline that can help attract qualified candidates who are proficient in managing complex financial landscapes, thus contributing to the strategic growth of the company.