Corporate controllers are tasked with supervising all accounting and financial functions of the organization. They manage their investments, oversee cash management activities, and deal with mergers and acquisitions. They develop and implement financial policies, conduct financial risk assessments, and prepare annual budgets and forecasts. Additionally, they guide financial decisions by establishing and monitoring policies and procedures. Also, they review and improve financial controls and tax return procedures. Corporate controllers ensure adherence to financial management and accounting regulations and often manage the accounting department.
Most corporate controllers possess a bachelor's or a master's degree in accounting, business administration, or finance. They have professional certifications like Certified Public Accountant (CPA) or Certified Management Accountant (CMA). They have at least five years of related work experience. The core skills include leadership, collaboration, time management, and organization skills. These experts earn an average annual salary of $136,488. It falls between $89,000 and $210,000.
There is more than meets the eye when it comes to being a Corporate Controller. For example, did you know that they make an average of $62.88 an hour? That's $130,798 a year!
Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.
There are certain skills that many Corporate Controllers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Communication skills and Detail oriented.
If you're interested in becoming a Corporate Controller, one of the first things to consider is how much education you need. We've determined that 77.5% of Corporate Controllers have a bachelor's degree. In terms of higher education levels, we found that 17.7% of Corporate Controllers have master's degrees. Even though most Corporate Controllers have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Corporate Controller. When we researched the most common majors for a Corporate Controller, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Corporate Controller resumes include Associate Degree degrees or Diploma degrees.
You may find that experience in other jobs will help you become a Corporate Controller. In fact, many Corporate Controller jobs require experience in a role such as Controller. Meanwhile, many Corporate Controllers also have previous career experience in roles such as Accounting Manager or Chief Finance Officer.