Assistant Controller

An assistant controller manages day-to-day accounts activities and often oversees any internal auditing. The assistant controller must have a good working knowledge of financial regulations to ensure that the finance department is working within those parameters. It is expected that the assistant controller is a good leader and manager, as they usually help develop their team and advise their superiors. Assistant controllers are responsible for the accuracy of data in accounts, and they must ensure that all of their counts maintain integrity. They also may be responsible for the budget and for allocating resources as necessary; this includes creating reports, overseeing the annual budget, and presenting it to their superiors. The assistant controller will often report to the company’s chief executive officer or chief financial officers, in addition to other supervisors they may have.This position can be found in many different companies with a finance department, and it is expected that one is familiar with the work that company does. For this reason, industry-specific experience is often required for this job. Most assistant controller positions require a degree in finance or accounting. This position is not entry-level, and experience is generally required in a role that focuses on accounting and has some supervisory elements.

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

• Managing day-to-day accounting operations, such as accounts payable and receivable, payroll processing, and general ledger maintenance.Ensure timely and accurate recording of financial transactions, reconciliations, and reporting.
• Assisting in the preparation of financial statements, budgets, and forecasts.Collaborate with the Controller in analyzing financial data and providing insights to support decision-making.
• Conducting internal audits to ensure compliance with financial policies and procedures.Identify areas for improvement and recommend control enhancements.
• Supporting the Controller in preparing for external audits and maintaining relationships with auditors.

The Assistant Controller role is crucial for ensuring efficient financial operations. For professionals with 3-6 years of experience in the AE, here are four alternative roles to consider:

• Senior Accountant: This position entails more extensive responsibilities, such as financial reporting and regulatory compliance.
• Treasury Manager: Focused on managing cash and liquidity requirements, including forecasting, risk management, and investment activities.
• Procurement Manager: Involves managing supplier relationships, negotiating contracts, and overseeing purchasing processes.
• Financial Analyst: Concentrates on monitoring financial performance, developing forecasts, and providing insights for strategic decision-making.

The job role of Assistant Controller in the United Arab Emirates is projected to experience steady growth in the market. Over the past 10 years, there has been a consistent increase in the demand for this position, with a trend towards even higher levels expected over the next decade. The UAE's growing economy and expanding business landscape are contributing factors to this rise. As a result, numerous employment opportunities are anticipated to become available in the future for individuals seeking Assistant Controller roles. This information is based on the latest data points available with Google.