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Management Controller Job Description – Updated

Management Controller Job Description – Updated

A Management Controller, also known as a Financial Controller or Controller, plays a pivotal role in the financial and strategic management of a company. This position is crucial for ensuring that the financial planning is sound, reporting is accurate, and both are conducted in a manner that supports the company’s decision-making processes. Updated practices within this role reflect the evolving landscape of business operations and technologies.

What Does a Management Controller Do?

The primary responsibilities of a Management Controller include overseeing accounting operations, managing company budgets, conducting internal audits, and preparing financial reports. The role also demands strategic planning and risk management to ensure the company’s financial strength and operational efficiency. A Management Controller must provide leadership to the financial team, fostering an environment of compliance and optimized financial performance.

Moreover, the job involves significant collaboration with other department heads to help align financial management with short and long-term business objectives. The role is increasingly involved in using advanced analytics to provide strategic guidance and decision support, in alignment with the company’s goals.

How to Write a Job Description for a Management Controller

Writing an effective job description for a Management Controller is crucial in attracting the right candidates. It should clearly articulate the expectations and requirements of the role and give potential applicants a clear understanding of their responsibilities and the impact they will have within the company.

Here are key elements to include when drafting this job description:

  • Job Title: Be specific to attract the right candidates. ‘Management Controller’ is widely recognized, but depending on the industry or specific functions, ‘Financial Controller’ or ‘Business Controller’ might be more appropriate.
  • Job Purpose: Summarize the primary reason the position exists and its overall contribution to the organization.
  • Main Responsibilities: List the key duties in bullet points. Be specific about what the controllership entails, such as overseeing budgeting, financial forecasting, auditing, and reporting.
  • Skills and Qualifications: Include educational requirements, professional qualifications, necessary skills, and years of experience. Highlight essential skills like analytical thinking, leadership, and expertise in financial software.
  • Company Overview: Provide a brief description of what the company does and its culture. This helps candidates determine if they can align with your mission and values.
  • Location and Travel: Specify the job location and whether the position requires any travel.
  • Employment Type and Benefits: Specify if the role is full-time, part-time, or contractual. Also, mention the benefits package that comes with the position.

Job Description Template Example for a Management Controller

Job Title: Management Controller

Job Purpose: To oversee the accounting operations of the organization, ensuring the accuracy and timeliness of financial reports, and to support strategic decision making through robust financial planning and analysis.

Main Responsibilities:

  • Manage and oversee the daily operations of the accounting department including: month and end-year process, accounts payable/receivable, cash receipts, general ledger, payroll, utilities, and treasury, budgeting, cash forecasting, revenue and expenditure variance analysis.
  • Maintain a documented system of accounting policies and procedures; oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department’s goals and objectives.
  • Issue timely and complete financial statements; coordinate the preparation of the corporate annual report.
  • Monitor and analyze accounting data and produce financial reports or statements; establish and enforce proper accounting methods, policies, and principles.
  • Coordinate and complete annual audits; improve systems and procedures and initiate corrective actions.
  • Meet financial accounting objectives and establish and maintain fiscal files and records to document transactions.
  • Collaborate with management on developing, implementing, and reviewing operational and financial strategic plans.

Skills and Qualifications:

  • Bachelor’s or master’s degree in Accounting, Finance, or relevant field.
  • Proven experience as a Financial Controller, Accounting Supervisor, or Chief or Senior Accountant.
  • Thorough knowledge of accounting principles and procedures; experience with creating financial statements.
  • Excellent accounting software user and administration skills.
  • Analytical ability to develop and implement improvements or recommendations.
  • Adept at managing, guiding, and leading employees to ensure appropriate financial processes are being used.

Company Overview: [Insert company information here: a brief intro about the sector, ethos, and market presence.]

Location and Travel: [Specify location and travel requirements, if any]

Employment Type and Benefits: [Detail the contract type and benefits, including any bonuses, healthcare, pension, etc.]

This updated Management Controller Job Description provides a comprehensive template that can be customized to fit the unique requirements of your organization, helping you attract skilled candidates who can drive your company’s financial health and strategic development.