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 the United Arab Emirates is projected to witness significant growth in the market. According to a 10-year analysis, there is a substantial increase in demand for this position due to the expanding economy and increased complexity of financial regulations. Google reports indicate a rise in employment opportunities for Financial Controllers in the future, as companies place greater emphasis on financial management and compliance. This trend is supported by the UAE's focus on economic diversification and the need for strong financial expertise. Overall, the job outlook for Financial Controllers in the United Arab Emirates appears promising.

How to Learn

As a Financial Controller in the UAE with 6-9 years of experience, your main responsibilities include:<ul><li> Overseeing financial operations, including budgeting, forecasting, and financial reporting, to ensure accuracy and compliance.This involves monitoring financial activities, analyzing data, and preparing financial statements.</li><li> Managing the day-to-day accounting functions, including accounts payable or receivable, payroll, and general ledger.You are responsible for maintaining accurate financial records and ensuring timely payment or receipt of funds.</li><li> Conducting financial analysis and providing insights to support strategic decision-making.This involves evaluating financial data, identifying trends, and advising on cost-saving measures or revenue opportunities.</li><li> Collaborating with stakeholders, such as senior management and external auditors, to ensure financial integrity and regulatory compliance.</li></ul>

Roles & Responsibilities

Average take home Salary for a Financial Controller in United Arab Emirates is around $80132 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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