Alex What is the role of finance controller?
The financial controller (FC) is a pivotal and senior role within an accounting function. Typically reporting to a finance director or chief financial officer, the financial controller is responsible for ensuring that the accounting operations of an organisation run smoothly.
What type of position is a controller?
The controller oversees the accounting operations of a company. This senior position generally requires years of proven experience in various levels of accounting. A controller’s job duties span a broad gamut. Generally speaking, in smaller companies, the controller must take on more duties.
Who are the controllers in Deloitte Financial Services?
IMA ® (Institute of Managed Accountants) and Deloitte surveyed nearly 800 (majority US) financial professionals in the controllership function to learn how they’re navigating the challenges of their roles, what skills they feel they need to evolve, and how they continue to add value to their companies.
What’s the job description of a senior financial controller?
His job description requires competencies that consist of understanding and assuring the compliance with GAAP, IFRS, SOX and tax norms. The senior Financial Controller will manage the external audit and do the statutory reporting, also to stockholders.
What’s the difference between a financial controller and a P & L?
The senior Financial Controller will manage the external audit and do the statutory reporting, also to stockholders. An Financial Controller will run reports and controls on Accounts Payable, Accounts receivable, etc. He bothers with the Balance Sheet much more than with P&L.
What’s the difference between a financial controller and a FC?
If a BC is more aggressive, a Financial Controller will be more reactive as he has little exposure to external factors. Needless to say, there will be a natural tension between the more central, ‘corporate’ role of a FC and the ‘market unit’ BC.