Controllers must have solid communication, technology, analytical and management skills. Candidates should demonstrate knowledge of International Financial Reporting Standards (IFRS), accounting standards for private enterprises (ASPE) and/or US generally accepted accounting principles (GAAP). The role usually requires at least seven years of relevant experience and a bachelor’s degree in accounting or finance. Many organizations prefer candidates who have a master’s degree in business administration (MBA) or a professional designation such as the chartered professional accountant (CPA) designation. Previous experience in public accounting is highly valued.
Typical Duties of a Controller:
Planning, directing and coordinating all accounting operational functions
Managing the accumulation and consolidation of all financial data necessary for an accurate accounting of consolidated business results
Coordinating and preparing internal and external financial statements
Coordinating activities of external auditors
Providing management with information vital to the decision-making process
Managing the budget process
Assessing current accounting operations, offering recommendations for improvement and implementing new processes
Evaluating accounting and internal control systems
Evaluating the effectiveness of accounting software and supporting database, as needed
Developing and monitoring business performance metrics
Overseeing regulatory reporting, frequently including tax planning and compliance
Hiring, training and retaining skilled accounting staff
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