Controllers must possess solid communication, technology, analytical and management skills. Candidates should possess knowledge of all aspects of GAAP. Public companies also require knowledge of SEC regulations and provisions of the Sarbanes-Oxley Act. 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 an MBA or professional certification such as the CPA, CGMA or CMA. Experience in public accounting is highly valued.
Typical controller duties:
Overseeing the organization’s daily accounting functions accounting functions
Managing the accounting, payroll, accounts payable and accounts receivable departments
Working with executive team to guide the organization’s financial decisions
Communicating regularly with (and often reporting to) the CFO
Coordinating and preparing internal and external financial statements
Coordinating activities of external auditors
Managing the budget process
Assessing current accounting operations, offering recommendations for improvement and implementing new processes
Developing and monitoring financial performance metrics
Overseeing regulatory reporting, frequently including tax planning and compliance
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