What Does a Comptroller Do?
Comptrollers work in executive-level supervisory positions typically within the financial or accounting departments of a company. They’re often in charge of building financial budgets for an organization and delegating tasks to their employees to implement these new financial and budget changes.
They’ll analyze the progress of these financial updates by reviewing the statistics and results after putting these new financial plans in place and will adjust these strategies accordingly. Comptrollers also prepare a presentation of the company’s financial status and progress and deliver this to the executive team for feedback and reviews.
Comptroller Skills and Qualifications
A successful Comptroller candidate will have various prerequisite skills and qualifications necessary to fulfill the job requirements. You are looking for someone with strong analytical and problem-solving skills and an excellent understanding of business and accounting concepts. A high-quality candidate should also have proven leadership ability and experience in management. Interpersonal skills are desirable since the Comptroller will interact with employees and executive management. Other skills and qualifications include:
- Exceptional numerical ability
- Strong organizational skills
- Experience with spreadsheet and financial analysis software
- Good communication skills
- Attention to detail coupled with patience and tenacity
- Knowledge of regulatory and other financial standards and requirements
- Understanding of taxation, payroll and other fiscal aspects of a business
- Experience conducting audits
Comptroller Salary Expectations
The average Comptroller salary is $67,934 per year. Experience and education play a significant role in how much Comptrollers earn. There are certifications available to Comptrollers that can enhance their desirability and affect their salary. In the public sector, the Comptroller’s pay is above the average in the private sector.
Comptroller Education and Training Requirements
Comptrollers usually have a bachelor’s degree in accounting or business administration. This provides them with a foundation in economics, business law, taxation and budget analysis. Some businesses require a master’s degree, either in accounting or an MBA (master of business administration). One way to advance a Comptroller’s career is to pursue certifications. Employers tend to look favorably on candidates with either a CPA (certified public accountant) or a CMA (certified management accountant) certification. Candidates with a CFA (chartered financial analyst) charter are also usually given strong consideration.
Comptroller Experience Requirements
Since Comptroller is a management position, it’s not unusual for you to be looking for someone with significant experience. Successful candidates have not only four to six years of business or finance education, but as many as seven years of accounting experience. During this time they might have worked at a major accounting firm or perhaps worked as a government auditor or performed senior-level accounting work. You are certainly looking for someone with business leadership experience, including a number of years managing a financial team.
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