A financial controller is responsible for getting the best return on investments for a company. By working closely with the firm's accountants, a financial controller monitors and reports on the status of accounts to higher management. Facilitating communication between lower-level administration and decision-making executives is a key duty of a financial controller. Other tasks include ensuring that the company's financial policies are created and followed in compliance with tax and regulatory requirements.
Financial Controller Education Requirements
To find work as a financial controller, a candidate must obtain a bachelor's degree in accounting or finance. An aspiring financial controller who holds a bachelor's degree in economics or business might also be considered qualified by certain employers. A master's degree is generally not required, but every applicant will want to obtain certification from a nationally recognized accountant association.
Financial Controller Job Opportunities
Financial controllers will work with the chief executives of companies in a variety of fields such as manufacturing, banking and government-related agencies. Because adhering to generally accepted accounting principles is a top priority in modern businesses, the need for qualified financial professionals is strong as companies attempt to maximize their cash flow and balance sheet in a challenging economy. About 532,100 people held positions in financial management in 2012, according to the Bureau of Labor Statistics, and job opportunities are expected to increase by about 9 percent in the next 10 years.
Financial Controller Salary
According to CNN Money, the median salary for a financial controller was $88,400 with a top pay of about $144,000 in 2009. Large corporations in metropolitan areas tend to offer the highest salaries to their financial controllers, who are charged with managing a significant number of high-asset accounts. Only 10 percent of financial controllers earn less than $60,000 per year.