Financial Controller Jobs
A Financial Controller is a senior-level manager tasked with directing and planning the preparation of financial reports and forecasts that analyze a company's financial position. Often referred to as the “company historian,” the Financial Controller ensures the accuracy and integrity of the company’s financial records while overseeing all aspects of financial operations, including reporting, budgeting, and regulatory compliance.
This role involves close collaboration with executive teams, such as the Chief Financial Officer (CFO), to provide strategic financial guidance and support decision-making processes. The scope of Financial Controller Jobs can vary by organization size; in smaller companies, they may handle detailed accounting tasks, while in larger enterprises, they work alongside other senior finance professionals to manage complex financial functions.
National Yearly Income Range:
$110,000 - $180,000
Why Being a Financial Controller is Great.
A Financial Controller is a pivotal role within any organization, responsible for overseeing financial reporting, budgeting, and compliance, which makes it both challenging and rewarding. This position offers the opportunity to work closely with senior management, influencing strategic decisions that drive the company's success. Additionally, Financial Controllers often enjoy a high level of job security and competitive compensation, reflecting the importance of their expertise in maintaining financial health.
Financial Controller Jobs are in demand across various industries, providing professionals with diverse opportunities to grow their careers while honing their financial acumen. The role not only requires strong analytical skills but also fosters leadership and teamwork, making it an ideal choice for those looking to make a significant impact in the business world.
Financial Controller Job Duties And Responsibilities
The Financial Controller plays a crucial role in preparing and publishing timely financial reports, including balance sheets and income statements, while analyzing financial data to provide insights for business improvement. This position oversees all accounting operations, manages cash flow, and ensures compliance with tax and licensing requirements, collaborating with the executive team to maintain the integrity of the company's ledger. Additionally, the Financial Controller is responsible for developing and documenting business processes, implementing internal controls to safeguard assets, and managing financial risk to enhance efficiencies and reduce costs. By providing accurate financial information and supporting regulatory reporting, the Financial Controller facilitates informed decision-making and strategic planning for the organization.
Why be a Financial Controller with IES Residential?
Becoming a Financial Controller with IES Residential offers a unique opportunity to be part of a dynamic and growth-oriented company that values its employees and fosters a supportive work environment. With over 50 years of experience and a commitment to excellence, IESR provides a platform for professional development through its robust training programs and a culture that prioritizes safety, family, and community engagement. As a Financial Controller, you will play a crucial role in maintaining the company's strong financial health and capital allocation discipline, all while contributing to a legacy of responsible growth and making a positive impact on both the organization and the communities it serves.
Your future is bright at IES Residential.
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 a Financial Controller's job description?
A Financial Controller is a senior manager responsible for overseeing the preparation of financial reports and forecasts, ensuring the accuracy of financial records, and managing all financial operations. Key duties include financial reporting, budgeting, and regulatory compliance. They work closely with executive teams to provide strategic financial guidance and support decision-making. In smaller companies, they may handle detailed accounting tasks, while in larger organizations, they collaborate with other finance professionals to manage complex financial functions.
What is the average salary of a Financial Controller?
The average salary of a Financial Controller is approximately $143,000 per year, with a range typically between $110,000 and $180,000. Hourly rates average around $68.75, with a low of about $52.88 and a high of approximately $86.54.
How do I get a Financial Controller job?
To get a Financial Controller job, start by obtaining a bachelor's degree in accounting, finance, or a related field. Consider pursuing an advanced degree for better opportunities. Gain 5 to 15 years of relevant experience in accounting or finance roles, focusing on positions that enhance your skills in financial statements and general ledger functions. Earning a CPA or CMA certification is highly recommended. Develop strong leadership and communication skills, and demonstrate your ability to influence management and make strategic financial decisions. Familiarize yourself with accounting software and financial systems to enhance your technical expertise.
What are the job duties of a Financial Controller?
The job duties of a Financial Controller include preparing and publishing timely financial reports such as balance sheets and income statements, analyzing financial data for business insights, managing all accounting operations including billing and accounts payable, coordinating budget preparation and financial forecasts, ensuring compliance with tax and licensing requirements, and collaborating with the executive team to maintain financial integrity. They also manage cash flow, act as a liaison for external audits, implement internal controls to prevent fraud, and provide comprehensive financial information for strategic decision-making. Additionally, they oversee payroll processing, approve invoices, and coordinate regulatory reporting.
How much does a Financial Controller make per hour?
A Financial Controller typically earns between $52.88 and $86.54 per hour, with an average hourly rate of about $68.75.
Is a Financial Controller job fullfilling?
A Financial Controller job can be fulfilling for those who enjoy financial analysis, strategic planning, and leadership. It offers opportunities for career growth, problem-solving, and making a significant impact on an organization's financial health. However, fulfillment varies by individual preferences and work environment.
How long does it take to become a Financial Controller?
Becoming a Financial Controller typically takes 5 to 15 years of experience in accounting or finance, along with a bachelor's degree in a related field. Many professionals also pursue advanced degrees and certifications like CPA or CMA to enhance their qualifications.
Is there a demand for Financial Controllers?
Yes, there is a strong demand for Financial Controllers as businesses increasingly seek skilled professionals to manage financial operations, ensure compliance, and drive strategic decision-making. This role is essential for maintaining financial health and supporting growth in various industries.
What are Financial Controller career paths?
Financial Controller career paths typically include progression to roles such as Finance Director, Chief Financial Officer (CFO), or Vice President of Finance. Other options may involve specialization in areas like financial planning and analysis, compliance, or risk management. Some professionals may choose to transition into consulting or start their own financial advisory firms. Additionally, opportunities exist in various industries, including corporate finance, non-profit organizations, and government agencies. Networking and continuous professional development can further enhance career advancement in this field.
What are the job responsibilities of a Financial Controller?
The job responsibilities of a Financial Controller include preparing and publishing timely financial reports such as balance sheets and income statements, analyzing financial data for business insights, and managing all accounting operations like billing and accounts payable. They coordinate budget preparation and financial forecasts, ensure compliance with tax regulations, and collaborate with executives to maintain financial integrity. Additionally, they manage cash flow, act as a liaison for external audits, implement internal controls, and provide comprehensive financial information for strategic decision-making. Other duties involve overseeing payroll, approving invoices, and developing risk minimization plans.
What are the requirements to get a Financial Controller job?
To qualify for a Financial Controller position, candidates typically need the following:
1. Education: A bachelor's degree in accounting, finance, business administration, mathematics, economics, or a related field is required. An advanced degree (Master's or higher) is preferred.
2. Experience: Candidates should have 5-15 years of relevant experience in accounting, auditing, or finance, depending on the organization's size and complexity. Proven experience in a Financial Controller or similar senior finance role is essential.
3. Certifications: A Certified Public Accountant (CPA) or Certified Management Accountant (CMA) license is highly preferred.
4. Skills: Strong knowledge of accounting principles and procedures, experience with financial statements and general ledger functions, and proficiency in accounting software are crucial.
5. Leadership and Communication: Excellent leadership, communication, and interpersonal skills are necessary to influence management and make strategic financial decisions.
6. Technical Expertise: Candidates should possess technical accounting expertise and the ability to manage and monitor financial systems effectively.
Are there entry level Financial Controller jobs?
Yes, entry-level Financial Controller positions do exist, often referred to as junior or assistant roles. Requirements typically include a bachelor's degree in finance, accounting, or a related field. Key skills include proficiency in financial software, strong analytical abilities, attention to detail, and effective communication. Relevant internships or experience in accounting can also be beneficial.
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