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.

According to recent data from Google, the job role of Financial Controller in Canada shows promising growth in the market. Over the past 10 years, there has been a steady increase in demand for this position, indicating a positive trend. Looking ahead, the future looks bright with a projected increase in employment opportunities for Financial Controllers in the country. Overall, the job role of a Financial Controller in Canada is expected to continue its upward trajectory, making it a favorable option for individuals seeking a stable and rewarding career in the financial industry.

How to Learn

As a Financial Controller with 6-9 years of experience in Canada, your main responsibilities include:<ul><li> Oversee financial reporting and analysis, ensuring accuracy and compliance with accounting standards. You are responsible for reviewing and managing financial reports and conducting analyses to ensure accuracy and adherence to accounting standards.</li><li> Develop and implement financial controls and policies to safeguard company assets and optimize financial performance. You are responsible for creating and enforcing financial controls and policies that protect company assets and enhance financial performance.</li><li> Provide strategic financial guidance and recommendations to senior management for effective decision-making. You are responsible for offering strategic financial advice and recommendations to senior management to support informed decision-making.</li><li> Lead and manage the finance team, ensuring efficient operations and fostering a collaborative work environment.</li></ul>

Roles & Responsibilities

Average take home Salary for a Financial Controller in Canada is around C$95085 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.

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Financial Controller

Salary Breakup

Skills That Affect Financial Controller Salaries

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