Finance controllership is quite a difficult role to define in several ways. In simple words, the role straddles the division between leadership, accounting, and finance strategy. Companies consider finance controllers' services as a source of extra expenditure. These professionals save a considerable amount of the company's money with the help of their knowledge. They do it efficiently because they know everything about the company.
Finance controllers mainly perform day-to-day accounting functions and finance activities of an organization. They participate in budgeting activities and risk assessment, maintain documentation, and craft strategies for increasing profit. Finance controllers also organize and prepare financial reports, analyze data and monitor the organization's overall expenditures and revenues.
If you are interested in this profession, you will be glad to know the high average salary you will get, which is $54.58 per hour. But to get this high-paying job, you need a master's or bachelor's degree in business or accounts. Insurance agencies, banks, and other financial management firms are the best working places for you.
There is more than meets the eye when it comes to being a finance controller. For example, did you know that they make an average of $48.54 an hour? That's $100,970 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 finance 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.
When it comes to the most important skills required to be a finance controller, we found that a lot of resumes listed 15.5% of finance controllers included financial statements, while 12.2% of resumes included procedures, and 6.0% of resumes included general ledger accounts. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the finance controller job title. But what industry to start with? Most finance controllers actually find jobs in the technology and finance industries.
If you're interested in becoming a finance controller, one of the first things to consider is how much education you need. We've determined that 65.9% of finance controllers have a bachelor's degree. In terms of higher education levels, we found that 18.5% of finance controllers have master's degrees. Even though most finance controllers have a college degree, it's possible 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 finance controller. When we researched the most common majors for a finance controller, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on finance controller resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a finance controller. In fact, many finance controller jobs require experience in a role such as controller. Meanwhile, many finance controllers also have previous career experience in roles such as senior accountant or accountant.