What does a Financial Controller do?

The Financial Controller is responsible for overseeing the financial operations of the company, ensuring accuracy in financial reporting and compliance with regulations. This role is crucial in supporting strategic decision-making by providing insights into financial performance and managing budgeting processes.

What are the Key Responsibilities of Financial Controller?

  • Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition.
  • Coordinate and direct the preparation of the budget and financial forecasts and report variances.
  • Prepare and publish timely monthly financial statements.
  • Coordinate the preparation of regulatory reporting.
  • Research technical accounting issues for compliance.
  • Support month-end and year-end close process.
  • Ensure quality control over financial transactions and financial reporting.

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What are the Skills and Requirements for a Financial Controller?

  • Strong understanding of GAAP (Generally Accepted Accounting Principles).
  • Proficient in accounting software such as QuickBooks or SAP ERP systems.
  • Excellent analytical skills with attention to detail.
  • Strong leadership abilities to manage a team effectively.

What are the KPIs to track for Financial Controller?

The Financial Controller's performance is evaluated based on accurate financial reporting, adherence to budgets, effective cost management strategies, timely completion of audits, compliance with regulatory requirements, and contribution to strategic planning initiatives through insightful analysis.
Financial Reporting Accuracy
Ensure all reports are accurate without discrepancies.
Budget Management
Adherence to budgetary constraints while optimizing resources.
Regulatory Compliance
Maintain full compliance with all relevant regulations.
Reports to
Chief Financial Officer (CFO)
Collaborates with
Finance Team Members; Department Heads; External Auditors
Leads
Accounting Team

Are any specific tools or software required for the Financial Controller role?

  • QuickBooks
  • SAP ERP Systems
  • Microsoft Excel

What is the qualification of Financial Controller?

Bachelor's degree in Finance or Accounting; CPA or CMA preferred; 5-7 years experience in a similar role within finance management.