Assistant Controller Jobs
Assistant Controller Jobs are essential positions within the accounting department of a company or organization, supporting the Controller in various financial functions. These roles encompass a broad range of responsibilities, such as preparing and consolidating financial statements, developing financial reporting and budgeting systems, and ensuring compliance with industry standards and regulations.
The Assistant Controller collaborates with different departments to maintain the organization's financial health and integrity, requiring strong analytical, technological, and communication skills. They manage daily accounting operations, oversee accounts receivable and payable, and coordinate with external auditors. Additionally, they develop internal controls and provide financial analyses and reports to management.
National Yearly Income Range:
$92,500 - $142,000
Why Being an Assistant Controller is Great.
An Assistant Controller is a vital role within an organization, offering a unique blend of responsibilities that encompass financial reporting, budgeting, and compliance oversight. This position not only allows individuals to deepen their expertise in accounting and finance but also provides opportunities for professional growth and leadership development. Assistant Controller jobs often involve collaborating with various departments, enhancing communication skills, and fostering a comprehensive understanding of the business's financial health.
Moreover, the role is pivotal in shaping strategic decisions, making it both challenging and rewarding for those passionate about finance.
Assistant Controller Job Duties And Responsibilities
The Assistant Controller is responsible for preparing and consolidating financial statements, ensuring they comply with GAAP and meet management requirements. This role involves developing and maintaining financial reporting systems, managing the general ledger, and overseeing accounts receivable and payable departments. Additionally, the Assistant Controller coordinates the budget process, analyzes cost variances, and serves as a liaison for external audits. By actively driving continuous improvement and collaborating closely with the Controller, the Assistant Controller ensures high-quality financial reporting and effective internal controls.
Why be an Assistant Controller with IES Residential?
Becoming an Assistant Controller with IES Residential offers a unique opportunity to join a company with over 50 years of experience and a strong commitment to excellence in electrical services and beyond. You will be part of a dynamic team that values safety, family, and employee development, while also contributing to a culture that embraces diversity and inclusion. IESR's focus on continuous learning and career advancement, coupled with its dedication to community support and environmental responsibility, ensures that you will not only grow professionally but also make a positive impact in the communities we serve.
In this role, you will play a vital part in maintaining the strong financial health of a company that prioritizes its people and their development, making your work meaningful and rewarding.
Company Benefits
Competitive Wages
401(k) Plan with Contribution Matching
Paid Time Off (PTO)
Company Paid Life Insurance
Medical, Dental, & Vision Coverage
Short Term Disability Plans
Optional Long-Term Disability
Optional Critical Illness, Accident, Legal, & Pet Coverage.
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FAQs
What's an Assistant Controller's job description?
An Assistant Controller is a key financial professional who supports the Controller in managing a company's accounting department. Their responsibilities include preparing and consolidating financial statements, developing financial reporting and budgeting systems, and ensuring compliance with regulations. They oversee daily accounting operations, including accounts receivable and payable, coordinate with external auditors, maintain internal controls, and provide financial analyses to management. Strong analytical, technological, and communication skills are essential for success in this role.
What is the average salary of an Assistant Controller?
The average salary of an Assistant Controller is approximately $122,000 per year, with a range from $92,500 to $142,000. This translates to about $58.65 per hour for a typical 40-hour workweek.
How do I get an Assistant Controller job?
To get an Assistant Controller job, start by obtaining a bachelor's degree in accounting, finance, or a related field, with an MBA preferred. Gain at least five years of experience in accounting or finance, ideally with public accounting experience. Pursue professional certifications such as CPA, CFM, or CMA to enhance your qualifications. Develop strong analytical, technological, and communication skills, along with a solid understanding of GAAP and financial regulations. Familiarize yourself with accounting software and Excel, and demonstrate leadership and management abilities. Finally, showcase your capacity to work independently, multitask, and prioritize effectively.
What are the job duties of an Assistant Controller?
The job duties of an Assistant Controller include preparing and consolidating financial statements, managing the general ledger, and ensuring compliance with GAAP and regulatory requirements. They develop and maintain financial reporting, budgeting systems, and oversee accounts receivable and payable. The Assistant Controller coordinates the budget process, analyzes financial metrics, and serves as a liaison for external audits. They also implement internal controls, monitor cash management operations, and train staff on accounting practices, all while partnering with the Controller to enhance reporting quality and compliance.
How much does an Assistant Controller make per hour?
An Assistant Controller typically makes between $44.38 and $68.27 per hour, based on an annual salary range of $92,500 to $142,000. The average hourly wage is approximately $58.65.
Is an Assistant Controller job fullfilling?
An Assistant Controller job can be fulfilling for those who enjoy financial management, leadership, and problem-solving. It offers opportunities for career advancement, skill development, and the chance to impact a company's financial health. However, job satisfaction may vary based on individual interests and workplace culture.
How long does it take to become an Assistant Controller?
Becoming an Assistant Controller typically takes around 7 to 10 years. This includes obtaining a bachelor's degree in accounting or finance, gaining at least five years of relevant work experience, and often pursuing additional certifications like CPA or CMA. Advanced skills in financial analysis, leadership, and technology are also essential for this role.
Is there a demand for Assistant Controllers?
Yes, there is a strong demand for Assistant Controllers as businesses seek skilled professionals to support financial management, ensure compliance, and enhance reporting accuracy. This role is crucial for organizations aiming to optimize their financial operations and maintain effective oversight.
What are Assistant Controller career paths?
Assistant Controller career paths typically include advancement to Controller, Finance Manager, or Director of Finance roles. With experience, professionals may also move into Chief Financial Officer (CFO) positions or specialize in areas like financial planning and analysis, internal auditing, or compliance. Networking, obtaining relevant certifications, and pursuing further education can enhance career progression opportunities.
What are the job responsibilities of an Assistant Controller?
The job responsibilities of an Assistant Controller include preparing and consolidating financial statements, managing the general ledger, and ensuring compliance with GAAP and regulatory requirements. They develop and maintain financial reporting and budgeting systems, coordinate the budget process, and analyze financial metrics. The Assistant Controller supervises accounts receivable and payable departments, oversees cash management operations, and serves as a liaison for external audits. Additionally, they implement internal controls, train staff on accounting practices, and drive continuous improvement in financial processes.
What are the requirements to get an Assistant Controller job?
To qualify for an Assistant Controller position, candidates typically need the following:
- A bachelor's degree in accounting, finance, or a related field; an MBA is often preferred.
- At least five years of accounting or finance experience, with public accounting experience highly valued.
- Professional certifications such as CPA, CFM, or CMA are often preferred.
- Strong analytical, technological, and communication skills.
- Excellent understanding of GAAP and financial accounting regulations.
- Advanced computer skills, including proficiency in accounting software and Excel.
- Strong leadership and management abilities to supervise and mentor staff.
- Capability to work independently and make sound decisions.
- Familiarity with financial planning, analysis, and reporting.
- Ability to multitask and prioritize tasks effectively.
Are there entry level Assistant Controller jobs?
Yes, entry-level Assistant Controller jobs exist. Typically, candidates need a bachelor's degree in accounting, finance, or a related field. Key skills include proficiency in accounting software, strong analytical abilities, attention to detail, and good communication skills. Some positions may also require internship experience or familiarity with financial reporting and compliance.
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