What is a Controller?
The controller is a key function of controllers and their staff, including the counting of spending and revenues. As the title suggests, they "control" access to corporate funds, exercising an important fiduciary responsibility. In many situations, professionals in the controller’s organization must approve expenditures.
Job Description For Controller
Basic Function about Controller job description:
Provide leadership and coordination of company financial planning, debt financing, and budget management functions. Ensure company accounting procedures conform to generally accepted accounting principles.
This position is accountable for the accounting operations of the company, to include the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls designed to mitigate risk and enhance the accuracy of the company's reported financial results.
Primary Responsibilities:
1:Ensure that receivables are collected promptly
2:Ensure that all reasonable discounts are taken on accounts payable
3:Provide for a system of management cost reports
4:Maintain the chart of accounts
5:Manage outsourced functions
6:Manage the accounting staff
7:Manage the production of the annual budget
8:Process payroll in a timely manner
9:Provide financial analyses as needed
10:Maintain a system of controls over accounting transactions
11:Provide all assistance needed for the annual audit
Ensure that payables are paid in a timely manner
12:Ensure that periodic bank reconciliations are completed
Issue timely and complete financial statements
13:Maintain an orderly accounting filing system
14:Maintain a documented system of accounting policies and procedures
Qualifications and Skill Requirements about Controller job description :
Bachelor's degree in accounting or business administration, or equivalent business experience and 10+ years of progressively responsible experience for a major company or division of a large corporation. Preference will be given to candidates with the Certified Public Accountant or Certified Management Accountant designations.
1:Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles. Knowledge of automated financial and accounting reporting systems. Knowledge of federal and state financial regulations. Ability to analyze financial data and prepare financial reports, statements and projections. Working knowledge of short and long term budgeting and forecasting, rolling budgets, and product-line profitability analysis.
2:This is normally acquired through a combination of the completion of a Masters Degree in Finance or Accounting, five to ten years of experience in a senior-level finance or accounting position, and a CPA.
3:Work requires professional written and verbal communication and interpersonal skills. Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects. Ability to participate in and facilitate group meetings.
4:Work requires willingness to work a flexible schedule.
Supervises:All accounting staff