What does a Financial Controller do?
Controllers are the number translators at companies and ensure that every aspect of a company's finances are properly analyzed, documented, and interpreted. They manage the company’s accounting department and are responsible for the monitoring and upkeep of its financial health. They create reports, direct investment activities, and develop long-term financial plans and goals for the organization.
Controllers typically lead a company’s entire accounting department and supervise the accountants, payroll tax, and financial managers. They ensure the company’s books are accurate and monitor money influx and out flux through expenses and invoices, which they strive to pay and collect in a timely and efficient manner. They provide detailed financial reports and analysis to the company's chief executives and advise them on finances and potential policies or procedures that need implementation. Controllers can create budgets, manage executive payrolls, and prepare financial statements, and they usually need at least a bachelor's degree in finance, business administration, accounting, or related fields.