Controller Job Description Template
What is a Controller?
Controllers are responsible for overseeing financial reporting, managing accounting operations, ensuring compliance with financial regulations, and developing internal control policies. They play a crucial role in maintaining the financial health of an organization.
A bachelor's degree in accounting or finance is typically required for controllers. Additional certifications such as CPA or CMA are often preferred.
Controller Job Description Template
Job Brief
We are looking for a Controller to develop accounting policies and oversee all financial procedures of our company.
Responsibilities
- Document, monitor and update accounting policies
- Ensure all payments are completed on time (including accounts payable and bank deposits)
- Review quarterly and annual budgets for all departments
- Analyze costs and profits
- Set and track financial KPIs
- Build risk assessment models to evaluate investments
- Report on financial status on a regular basis and create ad-hoc reports when needed
- Maintain accurate and up-to-date filing systems
- Perform internal audits and assist with external audits
- Ensure compliance with accounting and tax regulations
Requirements
- Work experience as a Controller or similar role
- Thorough knowledge of accounting principles, procedures and legislation
- Hands-on experience with general ledger accounts payable and accounts receivable functions
- Experience with cash management and risk assessment
- Good knowledge of accounting software
- Attention to detail
- Ability to work with tight deadlines
- BSc or MSc in Accounting or Finance
- CPA or CMA preferred
What does Controller do?
A Controller is responsible for overseeing the financial operations of an organization. On a day-to-day basis, their tasks may include:
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Financial reporting: Prepare and review financial statements, including profit and loss statements, balance sheets, and cash flow statements.
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Budgeting and forecasting: Develop, monitor, and revise the organization's budget, as well as prepare financial forecasts and projections.
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Financial analysis: Analyze financial data and variances, identify trends, and provide insights to management for decision-making.
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Accounts payable and accounts receivable management: Oversee the process of paying vendors, managing invoices, and collecting payments from customers.
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Cash flow management: Monitor cash flow, including daily cash positions, cash forecasts, and cash flow projections.
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Internal controls: Establish and enforce policies and procedures to ensure the accuracy and integrity of financial transactions and internal controls.
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Financial planning and strategy: Collaborate with management to develop short-term and long-term financial objectives, and provide recommendations to improve financial performance.
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Compliance and regulations: Ensure compliance with local, state, and federal financial regulations, as well as company policies and procedures.
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Team management: Supervise and train accounting staff, review their work, and provide guidance and support when needed.
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Auditing: Coordinate and participate in internal and external audits, including ensuring the accuracy and completeness of financial records.
It's important to note that the specific tasks performed by a Controller may vary depending on the size and industry of the organization.
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