The assistant controller oversees the day-to-day accounting activities and usually supervises internal audits. The assistant controller should have an understanding of financial regulations in order to make sure that finance operates within the guidelines. The assistant controller be an effective leader and manager as they typically assist in the development of their staff and provide advice to their supervisors. Assistant controllers are accountable to ensure the integrity of information in the accounts and must ensure that their accounts are in good order. They may also be accountable for budgets and assigning resources according to the need and this may include preparing reports, overseeing the annual budget, and then present it to their supervisors. The assistant controller is likely to be a subordinate of the chief executive officer, or chief financial officer, along with any other supervisors they might have. This job is available in a variety of companies that have finance departments, and the expectation is that the person is knowledgeable about the tasks that companies perform. This is why industry-specific knowledge is often needed for this position. The majority of assistant controller positions require a bachelor's degree in accounting or finance. This is not an the entry-level position, but the experience is usually required for a job that is focused on accounting, and includes supervision elements.

According to the latest data available from Google, the projected growth of the Assistant Controller job role in India is expected to be favorable in the market. Over the past ten years, the job role has witnessed a steady increase in demand. With the evolving financial landscape and increasing business complexities, the demand for Assistant Controllers is anticipated to rise further in the coming years. This growth is likely to lead to a substantial number of employment opportunities being created in the future, making it an attractive career option in India's finance sector.

How to Learn

An Assistant Controller with 0-3 years of experience in India has the following responsibilities:<ul><li>Prepare and analyze financial statements, ensuring accuracy and compliance with accounting principles.</li><li>Assist in the development and monitoring of annual budgets and forecasts, identifying areas of improvement and cost-saving opportunities.</li><li>Coordinate and manage invoice processing, payments, and collections, ensuring timely and accurate recording of transactions.</li><li>Review and implement internal control procedures to safeguard company assets and ensure compliance with regulations.</li></ul>

Roles & Responsibilities

Average take home Salary for a Assistant Controller in India is around ₹741475 per year

Salary Breakup

The assistant controller oversees the day-to-day accounting activities and usually supervises internal auditing. The assistant controller should have an understanding of financial regulations in order to make sure that finance operates within the guidelines. The assistant controller be an effective manager and leader, since they typically assist in the development of their staff and provide advice to their supervisors. Assistant controllers are accountable to ensure the integrity of information in the accounts and must ensure that their accounts are in good order. They may also be accountable for budgets and assigning resources according to the need and this may include preparing reports, overseeing the annual budget, and then present it to their supervisors. The assistant controller is likely to be a subordinate of the chief financial officer, chief executive or officer as well as any other supervisors they might have.

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Assistant Controller

Salary Breakup

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