Financial Controller Job Description [Updated for 2025]

In the world of business, the role of a Financial Controller has never been more critical.

As economies fluctify and financial landscapes evolve, the demand for proficient individuals who can steer, optimize, and safeguard our financial operations increases.

But let’s delve deeper: What’s really expected from a Financial Controller?

Whether you are:

A job seeker trying to grasp the core of this role,
A hiring manager outlining the perfect candidate,
Or simply fascinated by the intricacies of financial controlling,

You’re in the right place.

Today, we present a comprehensive Financial Controller job description template, designed for effortless posting on job boards or career sites.

Let’s dive right in.

Contents show

Financial Controller Duties and Responsibilities

Financial Controllers are responsible for managing and overseeing all aspects of a company’s financial management, including corporate accounting, financial reporting, budget and forecasts preparation, and development of internal control policies and procedures.

Their main duties and responsibilities include:

Manage all accounting operations including Billing, A/R, A/P, GL, 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
Ensure quality control over financial transactions and financial reporting
Manage and comply with local, state, and federal government reporting requirements and tax filings
Develop and document business processes and accounting policies to maintain and strengthen internal controls
Additional controller duties as necessary

Financial Controller Job Description Template

Job Brief

We are looking for a results-driven and confident Financial Controller to manage and improve our organization’s financial performance and direct our accounting operations.

Duties for the Financial Controller will include managing accounting records, evaluating and managing risk, ensuring compliance with regulations, publishing financial statements, overseeing accounting operations, analyzing financial data, monitoring expenditure, forecasting revenue, coordinating auditing processes, and ensuring accuracy of financial information.

Your strategic planning and exceptional numerical proficiency as a Financial Controller will aid our organization in maintaining positive revenue and financial growth, formulating sound financial strategies, implementing proper internal controls, achieving organizational targets, and developing financial plans that support organizational strategy.

Responsibilities

Manage accounting records and ensure their accuracy
Prepare budgets and financial forecasts
Produce financial reports related to budgets, account payable, account receivables, expenses etc.
Monitor internal controls
Oversee and manage all general ledger activity
Ensure compliance with state and federal regulatory requirements and professional standards
Coordinate or direct the financial planning, budgeting, procurement, or investment activities

Qualifications

Proven work experience as a Financial Controller
Proficiency in accounting software
Strong analytical skills
Solid understanding of financial statistics and accounting principles
Working knowledge of all statutory legislation and regulations
BS/MA degree in Finance, Accounting or Economics
Professional qualification such as CFA/CPA or similar will be considered a plus

Benefits

401(k)
Health insurance
Dental insurance
Retirement plan
Paid time off
Professional development assistance

Additional Information

Job Title: Financial Controller
Work Environment: Office environment with options for remote work. Some travel may be required for meetings or consultations.
Reporting Structure: Reports to the Chief Financial Officer or Finance Director.
Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
Pay Range: $85,000 minimum to $135,000 maximum
Location: [City, State] (specify the location or indicate if remote)
Employment Type: Full-time
Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

What Does a Financial Controller Do?

Financial Controllers are key figures within a company’s financial department, working in industries such as finance, banking, manufacturing, or services.

They oversee all aspects of a company’s financial and accounting functions.

Their primary responsibility is to manage the preparation of the company’s financial reports, including income statements, balance sheets, reports on future earnings or expenses, and any reports required by regulatory authorities.

Financial Controllers also coordinate and direct budgeting, procurement, investment activities, and financial planning.

They establish and enforce financial procedures for the company to ensure financial stability, efficiency, and profitability.

They work closely with management to develop strategies and implement the financial goals of the company.

This involves analysis of financial data and performance, pinpointing problem areas and providing recommendations for improvement.

Furthermore, they ensure compliance with the law and company’s policies, manage internal controls, and may handle tax planning and risk management.

They are often also involved in auditing, either coordinating activities with external auditors or handling internal audits.

In summary, Financial Controllers play a crucial role in maintaining the financial health of a company, ensuring the smooth running of the financial department, and contributing to decision-making processes related to financial strategy.

Financial Controller Qualifications and Skills

A proficient Financial Controller should possess a range of technical skills, industry knowledge, and interpersonal abilities, such as:

Strong numerical abilities and analytical thinking skills to examine financial data and draw accurate conclusions.
Exceptional knowledge of financial regulations and accounting practices to ensure all financial operations are performed in compliance with laws and standards.
Outstanding organizational skills to manage and oversee budgeting, financial forecasting, tax planning, and other financial activities.
Effective communication skills to collaborate with team members and communicate financial information to non-financial personnel.
High attention to detail and accuracy to ensure all financial records and reports are precise and reliable.
Proficient knowledge of financial software and systems to streamline financial management and reporting processes.
Strong leadership skills to oversee the financial department, setting goals, and motivating team members towards achieving these objectives.
Excellent problem-solving skills to identify and address financial issues, implementing effective solutions to improve financial performance.
Understanding of risk management practices and ability to implement strategies to mitigate financial risks.

Financial Controller Experience Requirements

Financial Controllers typically require a minimum of 5 years of experience in accounting or finance, preferably within their specific industry.

This experience can be gained through various roles such as Accountant, Finance Analyst, or Assistant Financial Controller.

Candidates with 3 to 4 years of experience usually have developed their analytical, financial reporting and budgeting skills, often through roles that involve financial management and strategic planning.

Those with over 5 years of experience often have extensive knowledge in tax laws, accounting standards, and financial regulations.

They might also have leadership experience, as this role often involves managing a team of financial staff and coordinating with other department heads.

In addition to work experience, many companies prefer candidates who have a Master’s degree in Business Administration (MBA) or are Certified Public Accountants (CPA).

Senior Financial Controller roles often require more than 10 years of experience, with a proven track record of strategic financial management.

Candidates for these roles are expected to be capable of driving financial strategy, improving financial processes, and managing complex financial projects.

Financial Controller Education and Training Requirements

Financial Controllers usually have a bachelor’s degree in accounting, finance, or a related field.

They need a solid foundation in financial management principles and practices.

In addition to their degree, they also need to have several years of experience in finance or accounting roles, often working their way up from roles such as a financial analyst or accountant.

Many employers prefer Financial Controllers to hold a master’s degree in business administration (MBA) or finance, which provides a more in-depth understanding of financial management at a high level.

Certifications such as the Certified Public Accountant (CPA) or the Chartered Financial Analyst (CFA) are highly desirable and may be required for some positions.

These certifications demonstrate a high level of competency in financial management and are recognized globally.

Continuing education is also essential in this role due to the evolving nature of financial regulations and standards.

Therefore, Financial Controllers often participate in ongoing professional development to keep their knowledge and skills up to date.

Financial Controller Salary Expectations

A Financial Controller earns an average of $102,408 (USD) per year.

The compensation may vary based on factors such as industry experience, specific financial skills, educational background, and geographical location.

Financial Controller Job Description FAQs

What skills does a Financial Controller need?

Financial Controllers need to possess strong analytical skills to interpret financial data and make strategic decisions.

They also need a good understanding of financial software and databases.

Excellent leadership skills, attention to detail, and the ability to work on multiple projects at once are also essential for this role.

Strong communication skills are required to present financial information to non-financial colleagues.

Do Financial Controllers need a degree?

Most Financial Controllers hold a bachelor’s degree in finance, accounting, or a related field.

Many also have a Master’s degree in Business Administration (MBA) or finance.

Professional certifications like Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) can also be beneficial in this role.

What should you look for in a Financial Controller resume?

When evaluating a Financial Controller’s resume, look for a solid educational background in finance or accounting, and relevant certifications.

Previous experience in financial management or a similar role is crucial.

Also, look for familiarity with financial software and advanced Excel skills.

Evidence of leadership or strategic planning experience can be a strong plus.

What qualities make a good Financial Controller?

A good Financial Controller is highly analytical, with a keen eye for detail.

They are skilled in strategic planning and able to interpret complex financial data.

Strong leadership qualities are important, as they often lead a team.

They must also be excellent communicators, able to explain complex financial concepts to colleagues without a finance background.

Is it difficult to hire Financial Controllers?

Hiring a Financial Controller can be challenging due to the high level of technical skill and experience required for the role.

Companies often require candidates to have extensive experience in financial management, as well as relevant educational qualifications and certifications.

Therefore, it’s important to offer competitive compensation packages and potential for growth to attract top talent.

Conclusion

And there you have it.

Today, we’ve given you an inside look at what it truly takes to be a financial controller.

Surprised?

It’s not just about crunching numbers.

It’s about shaping the financial future, one financial decision at a time.

Armed with our convenient financial controller job description template and real-world examples, you’re ready to take the next step.

But why stop there?

Immerse yourself further with our job description generator. It’s your key to creating precise job listings or fine-tuning your resume to absolute perfection.

Remember:

Every financial decision is part of the broader financial picture.

Let’s shape that future. Together.

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