Assistant Controller (Financial)

The assistant controller is accountable for overseeing the financial affairs of a company. Most often, they report to an controller an assistant controller, the assistant controller forms part of the supervisory team which manages the accounting of an organization and bookkeeping. Assistant controllers are required in any company with a substantial budget. Assistant controller jobs are available in the private sector and also in state, federal, and municipal governments, as well as in clinics and hospitals, as well as in non-profit organizations.

The primary goal of the assistant controller's work is to monitor and analyze the company's earnings and expenses, as well to ensure that the organization is in the compliance of tax and regulations. laws. The daily tasks of assistant controllers differ by sector, but typically include payroll planning, financial planning administration, bookkeeping the preparation of financial reports (such such as quarterly and balance sheet reports) as well as preparing and submitting taxes forms Securities & Exchange Commission reports, inventory accounting as well as closing the journal entries. In smaller companies the assistant controller could be required to do data entry.

In general, a minimum bachelor's degree in accounting or finance will be required to fill these jobs and possibly the Certified Public Accountant (CPA) license. In certain sectors, like healthcare, employers might require experience in the particular field. A strong mathematical background, excellent interpersonal communication abilities, and the ability to write thorough reports are essential. A familiarity with the most commonly used financial software is essential.

Assistant controllers typically work during normal working hours in a office environment, though some jobs require traveling.

As an Assistant Controller Financial with 3-6 years of experience in the United States, your main responsibilities include:

• Assisting in financial statement preparation and analysis, ensuring accuracy and compliance with accounting standards.
• Coordinating and performing month-end and year-end closing activities, including journal entries, reconciliations, and financial reporting.
• Conducting financial forecasts and budgeting processes to provide insights for decision-making and strategic planning.
• Collaborating with internal and external auditors to ensure smooth audit processes and compliance with regulatory requirements.

For an Assistant Controller (Financial) job role, the following qualifications are required:

• Proficient knowledge of financial reporting and accounting principles to ensure accurate and timely preparation of financial statements.
• Strong analytical skills to analyze financial data, identify trends and anomalies, and provide strategic insights to management.
• Expertise in budgeting and forecasting to assist in the development and implementation of financial plans and strategies.
• Excellent communication and interpersonal skills to collaborate with cross-functional teams, senior management, and external stakeholders, providing financial advice and guidance.

The Assistant Controller Financial role is an important position in the United States, requiring 3-6 years of work experience. For professionals looking for alternative roles within the finance industry, here are following options to consider:

• Senior Accountant: This role involves more extensive responsibilities such as financial reporting and regulatory compliance.
• Treasury Manager: Focused on managing an organization's cash and liquidity requirements, including forecasting, risk management, and investment activities.
• Procurement Manager: Responsible for managing supplier relationships, negotiating contracts, and overseeing purchasing processes.
• Financial Analyst: A position focused on monitoring financial performance, developing forecasts, and providing insights to support strategic decision-making.

The role of Assistant Controller (Financial) is projected to experience a positive growth in the market. According to a 10-year analysis, this job role is expected to see an increasing demand and employment opportunities in the United States. Google's latest data points suggest a rising trend in the need for Assistant Controllers within financial departments. This growth is attributed to the growing complexity of financial regulations and reporting requirements, as well as the expanding financial sectors across industries. The projected increase in available employment opportunities highlights the significance of this role in supporting financial operations and ensuring compliance.