A Financial Controller monitors the corporate funds by keeping track of the spending and purchasing needs of the company. A Financial Controller will be working under a Chief Financial Controller (CFO) if it is a big corporate organization. In smaller companies, however these roles are combined. While it is necessary for the Financial Controller to work under pressure, he must also have the courage to stand up to the boss and disagree on financial issue that he strongly believes is detrimental to the progress of the company. The controller must pay attention to detail while analyzing financial reports, and identify those issues that may get serious. He must be extremely good at handling computer programs like the spreadsheet so he can convince the company and help them understand investment programs. The Financial Controller will have a team of accountants working under him to look after the administrative tasks. A person who loves to crunch numbers and enjoys managing accounts can become successful at this job.
The Financial Controller has to manage the finance of the company and ensure that they are used judiciously and within the accepted limits. He will then produce status reports, which will clearly state the financial condition of the company and suggestive corrective measures if they are necessary. He prepares the budget and cash flows, handles payroll and maintains financial ledgers and accounts. He is also responsible for preparing internal financial reports. The FC must be talented at explaining accounts, charts and graphs when he presents the technical reports to the management.
• Good leadership skills
• Technical accounting expertise
• Commendable communication skills