Assistant Controller (Financial)

The assistant controller is accountable for overseeing the financial affairs of an organisation. Most often, they report to an controller an assistant controller, the assistant controller is a part of a supervisory team who manages the accounting of an organization and bookkeeping. Assistant controllers are required in any company with a substantial budget. Assistant controller jobs are available in the private sector, and also in state, federal, and municipal governments, as well as in clinics and hospitals, as well as in non-profit organizations.

The primary goal of the assistant controller's work is to monitor and analyze the company's earnings and expenses, as well to ensure that the organization is in the compliance of tax and regulations. laws. The daily tasks of assistant controllers differ by sector, but typically include payroll planning, financial planning administration, bookkeeping the preparation of financial reports (such such as quarterly and balance sheet reports) as well as preparing and submitting taxes forms Securities & Exchange Commission reports, inventory accounting as well as closing the journal entries. In smaller companies the assistant controller could be required to do data entry.

In general, a minimum bachelor's degree in accounting or finance will be required to fill these jobs and possibly the Certified Public Accountant (CPA) license. In certain sectors, like healthcare, employers might require experience in that specific industry. A strong mathematical background, excellent interpersonal communication abilities, and the ability to write thorough reports are essential. A familiarity with the most commonly used accounting software are also essential.

Assistant controllers typically work during normal working hours in a office environment, though some jobs require traveling.

As an Assistant Controller Financial with 6-9 years of experience in the United Kingdom, your main responsibilities include:

• Overseeing financial operations and ensuring compliance with accounting standards.
• Preparing and analyzing financial statements and reports to aid in decision-making and provide accurate financial information.
• Managing budgeting and forecasting processes to optimize financial performance.
• Collaborating with internal and external stakeholders, such as auditors and tax authorities, to ensure financial regulations are followed appropriately.

For an Assistant Controller (Financial) job role, the following qualifications are required:

• Proficient knowledge of financial reporting and accounting principles to ensure accurate and timely preparation of financial statements.
• Strong analytical skills to analyze financial data, identify trends and anomalies, and provide strategic insights to management.
• Expertise in budgeting and forecasting to assist in the development and implementation of financial plans and strategies.
• Excellent communication and interpersonal skills to collaborate with cross-functional teams, senior management, and external stakeholders, providing financial advice and guidance.

The Assistant Controller Financial role plays a crucial part in ensuring effective financial management. Professionals in the United Kingdom with 6-9 years of experience in this field have several alternative career paths to consider. Here are following options worth exploring:

• Senior Accountant: This role involves broader responsibilities such as financial reporting and regulatory compliance.
• Treasury Manager: Focuses on managing an organization's cash and liquidity needs, including forecasting, risk management, and investment activities.
• Procurement Manager: Involves managing supplier relationships, negotiating contracts, and overseeing purchasing processes.
• Financial Analyst: Primarily focuses on monitoring financial performance, developing forecasts, and providing insights to support strategic decision-making.

The projected growth of the Assistant Controller (Financial) role in the United Kingdom is expected to be positive. According to a 10-year analysis, the position has shown steady growth in the market. With the increasing complexity of financial regulations and the need for accurate financial reporting, the demand for Assistant Controllers is anticipated to rise. Furthermore, as businesses continue to expand and require strong financial management, opportunities for employment in this role are likely to increase. Google data points support the optimistic outlook for the growth of the Assistant Controller (Financial) position in the United Kingdom.