The position of financial controller, or comptroller, involves managing financial departments of a company. These departments can include the accounting department, budget department, audit department, and any other finance-related departments. Financial controllers have many responsibilities, such as producing critical financial reports, profit and loss statements, balance sheets, and financial prospectuses. They must also prepare reports that predict the financial performance of a company over time. Any paperwork that needs to be done for federal and state regulatory agencies is completed and submitted by the financial controller.A financial controller should have a good grasp of financial reporting, as well as high-level mathematical and problem solving skills. Because they need to submit and often explain complex financial concepts to executives and people without a financial background, superior communication skills are necessary. Typically financial controllers have a bachelor’s degree in accounting, finance, or business, although it is not uncommon to find someone with a liberal arts background in this role. They also should obtain a license as a certified public accountant, certified financial manager, or certified management accountant. Most companies hiring for this position will look for a master’s degree in business administration or financial accounting, as well as seven to 10 years of progressive accounting experience and previous supervisory experience.

The role of Financial Controller in Australia is projected to experience steady growth in the market. Over the past 10 years, this position has seen an increasing demand in various industries due to the complexity of financial operations and compliance requirements. With the increasing globalization of businesses, the need for skilled Financial Controllers is expected to rise. According to the latest data from Google, the employment opportunities for Financial Controllers in the future are expected to remain abundant, offering a promising outlook for individuals pursuing careers in this field.

How to Learn

As a Financial Controller with 0-3 years of experience in Australia, your main responsibilities include:<ul><li> Prepare financial statements, ensuring accuracy and compliance with accounting standards. Responsible for creating accurate financial statements that meet regulatory requirements and reflect the company's financial performance.</li><li> Assist in budgeting and forecasting processes, analyzing variances and identifying areas for improvement. Collaborate in the budgeting and forecasting activities, analyzing discrepancies between actual and projected financials, and suggesting strategies for improvement.</li><li> Conduct financial analysis to support decision-making and provide recommendations to management. Perform thorough financial analysis, interpret data, and provide insights to aid management in making informed decisions.</li><li> Assist in the implementation and improvement of internal controls to safeguard company assets.</li></ul>

Roles & Responsibilities

Average take home Salary for a Financial Controller in Australia is around AU$103092 per year

Salary Breakup

The job of a the financial controller, also known as comptroller is responsible for the management of the financial departments of a business. The departments could include departments like accounting, the budget department, the audit department, as well as other departments related to finance. Financial controllers are responsible for a variety of tasks including the production of critical financial reports such as profit and loss statements as well as balance sheets and financial prospectuses. They also have to prepare reports that forecast the performance of the company's finances over time. All paperwork that must be completed for federal or state regulatory agencies must be done and then submitted by the controller of finances.

Breakup	Range
Base Salary	null - null
Profit Sharing	null - null
Total Pay	null - null

Financial Controller

Salary Breakup

Skills That Affect Financial Controller Salaries

Explore

More

Get in Touch with Us