Job Description of a Financial Controller, Understand with the Help of templates

Qandle is seeking a self-assured and outcome-oriented financial controller, also referred to as a financial controller, who can oversee and enhance our financial performance and lead our accounting operations. The role involves overseeing all financial management aspects, including corporate accounting, financial reporting, compliance with regulations, and developing internal control policies and procedures. The financial controller will also be responsible for financial risk management. Here we will discuss the proper Financial Controller Job Description Template.

Responsibilities of financial controller

As the financial controller, the main responsibilities would include overseeing all finance and accounting operations, preparing the budget and financial projections, analyzing variances, and ensuring the timely publication of monthly financial statements. Let’s understand the responsibilities of a financial controller job better.

• Managing financial accounting and reporting
• Ensuring compliance with accounting standards and regulations
• Developing and implementing financial controls
• Managing cash flow and forecasting
• Conducting financial analysis and providing insights
• Preparing budgets and financial statements
• Managing risk and developing risk management strategies
• Overseeing audit activities
• Providing guidance and training to accounting team members.
• Collaborating with other departments and executives to achieve organizational goals
• Providing financial advice and insights to senior management
• Staying up-to-date with changes in accounting regulations and industry trends.

Requirements of being a financial controller

Here are some of the requirements of being a financial controller:

• Bachelor’s or Master’s degree in finance, accounting, or a related field
• Professional certification such as CPA, CMA or ACCA
• Proven experience as a financial controller or a similar role
• In-depth knowledge of accounting principles and procedures
• Strong analytical and problem-solving skills
• Excellent leadership and management abilities
• Excellent communication and interpersonal skills
• Proficiency in financial software and Microsoft Office
• Strong organizational skills and attention to detail
• Ability to work under pressure and meet deadlines
• Knowledge of financial regulations and compliance requirements.

Type of Employment

This is a full-time permanent position.

Compensation

The remuneration for this position will be in line with industry standards.

Sample Description Examples

EXAMPLE 1:

Job Title: Finance Planning and Analysis

Company: Capgemini

Location: Kolkata

Experience: 3-5 years

Job Responsibilities:

• Manage clients and provide support in financial planning and analysis
• Supervise and lead a team
• Perform monthly book close activities such as GL scrutiny, posting of entries, accruals, prepayment, cross charges, and invoicing
• Prepare financial month-end reports, reconciliation files, and analysis of actuals to forecast and budget. Investigate reasons for any discrepancies.
• Develop forecasts based on past trends and discussions with operation leads. Upload forecasts to the management reporting tool.
• Collaborate with the delivery team to resolve financial issues
• Conduct monthly reviews with finance and business teams.

EXAMPLE 2:

Company Name: Icronex Technology Pvt Ltd.

Job requirements:

• At least 6-8 years of experience in handling large Indian International freight companies across multiple locations.
• Strong leadership skills to rebuild accounting systems, and train and manage Pan India Accounts and Finance teams.
• IT proficient in FRT software and Excel Pivot building to create MIS reports.
• Proficient in Transfer pricing and all aspects of Finance and Accounts, including Govt. Compliances.
• Experience in handling a P/L of at least +100 crores & above.
• Ability to work under challenging and high-pressure work environments.
• Expected Qualifications:
• Chartered Accountant qualification.
• Age not exceeding 45 years.
• Excellent communication skills in English.
• Proficient in Tally 9.10 and Excel.

Example 3:

Company Name: Microequal

Microqual Corporate Department in Bangladesh is seeking candidates with a B.Com/CA/ICWA qualification and 8-12 years of experience in Financial Budgeting for a position with the following KRA (Key Result Area)’s:

• Directing and coordinating company financial planning and budget management functions.
• Recommending benchmarks for measuring the financial and operating performance of divisions and departments.
• Monitoring and analyzing monthly operating results against budget.
• Directing and coordinating debt financing and debt service payments with external agencies.
• Overseeing daily operations of the finance department.
• Managing the preparation of the official annual report of actual revenues, transfers, and expenses.
• Managing the preparation of financial outlooks and financial forecasts.
• Preparing financial analysis for contract negotiations and product investment decisions.
• Ensuring compliance with local, state, and federal budgetary reporting requirements.
• Working with department managers and corporate staff to develop five-year and ten-year business plans for the company.
• Establishing and implementing short- and long-range departmental goals, objectives, policies, and operating procedures.
• Designing, establishing, and maintaining an organizational structure and staffing to effectively accomplish the department’s goals and objectives.
• Serving on planning and policy-making committees.
• Serving as primary legislative liaison relative to company financial issues.
• Overseeing financial management of foreign operations including developing financial and budget policies and procedures.
• Directing financial audits and providing recommendations for procedural improvements.
• Performing any other duties as assigned.

Conclusion:

In conclusion, a well-written job description is crucial for finding the right candidate for the role of a financial controller job. The job description should clearly outline the responsibilities, qualifications, and skills required for the position. The financial controller is a critical position in any organization, and their role involves managing and improving the organization’s financial performance, directing accounting operations, and ensuring compliance with regulations. By providing a comprehensive and accurate job description, organizations can attract qualified candidates who possess the necessary skills and experience to excel in this position.