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 functionsManaging the accumulation and consolidation of all financial data necessary for an accurate accounting of consolidated business resultsCoordinating and preparing internal and external financial statementsCoordinating activities of external auditorsProviding management with information vital to the decision-making processManaging the budget processAssessing current accounting operations, offering recommendations for improvement and implementing new processesEvaluating accounting and internal control systemsEvaluating the effectiveness of accounting software and supporting database, as neededDeveloping and monitoring business performance metricsOverseeing regulatory reporting, frequently including tax planning and complianceHiring, training and retaining skilled accounting staff
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