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 financial controller role in Hong Kong is expected to witness substantial growth in the market. According to a recent 10-year analysis, there has been a steady rise in the demand for financial controllers in various industries, reflecting the increasing importance of financial management. With the growing complexity of financial regulations and the need for strategic financial planning, the demand for skilled financial controllers is projected to increase further. This trend indicates a positive outlook for future employment opportunities in this field.

How to Learn

As a Financial Controller with 6-9 years of experience in Hong Kong, your main responsibilities include:<ul><li> Oversee financial reporting, ensuring accuracy and compliance with regulatory requirements.Review and analyze financial statements, identifying any discrepancies or potential issues.</li><li> Develop and implement financial policies and procedures to improve efficiency and mitigate risks.Streamline financial processes, establish internal controls, and monitor adherence to company policies.</li><li> Provide financial analysis and insights to support strategic decision-making.Conduct financial forecasting, budgeting, and variance analysis to identify areas for improvement.</li><li> Manage the financial team, providing guidance, training, and performance evaluations.</li></ul>

Roles & Responsibilities

Average take home Salary for a Financial Controller in Hong Kong is around HK$1065110 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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