What does an Assistant Controller do?
Assistant Controllers usually work in accounting departments to facilitate the distribution, management and documentation of a company or department’s financial resources. Assistant Controllers consult with executives and high-level management to identify accounting issues and implement procedures to ensure compliance with financial laws and regulations. They collaborate with Corporate Controllers to create and implement accountability systems and internal controls that prevent errors and inaccurate accounting documents. Assistant Controllers can also oversee data entry and interpret accounting data to create and reconcile monthly, yearly or quarterly budgets.
Assistant Controller skills and qualifications
An Assistant Controller uses industry knowledge, soft skills and technical abilities to effectively support executive management and other colleagues in assessing and improving the organization’s finances. Skills and qualification typically include:
- Expert knowledge of accounting and financial principles, regulations and best practices
- Excellent understanding of governmental guidelines, tax laws that affect the company
- Highly organized with keen attention to detail
- Proficient with data analysis, critical thinking and problem-solving
- Excellent communication and interpersonal skills
- Proficient in basic office and accounting software programs
- Collaboration and teamwork skills
Assistant Controller salary expectations
An Assistant Controller makes an average of $86,657 per year. Salary may depend on level of education, experience and geographical location.
Assistant Controller education and training requirements
An Assistant Controller must have a bachelor’s degree in accounting, finance or a related field. Possession of professional certification, such as a Certified Public Accountant designation, may also be required. Those with a Master of Business Administration or other master’s degree focused in accounting may be qualified for more complex duties.
Assistant Controller experience requirements
As a company leadership position with essential decision-making responsibilities, Assistant Controllers should have years of work experience in accounting, finance or a related field. Candidates typically begin with an internship or cooperative education program in accounting, finance, business administration, human resources or another applicable field. Then, they serve in entry-level roles and advance into more complex positions with leadership opportunities on their way to becoming Assistant Controller or Controller. Work experience in a specific field (such as human resources or tax law) may be required to meet the specific needs of a company.
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