Financial controllers are in charge of overseeing investment activities and strategies, as well as preparing financial reports and accounting for a company. They analyze and forecast future earnings and expenses, as well as report on income and balance sheets. Candidates for finance controller positions should have at least a bachelor’s degree in a relevant financial field and some accounting experience. Some companies may also require a finance controller to have specific certifications or licensure.
A bachelor’s degree in finance, business administration, or economics is typically required to work as a finance controller. For those seeking work as a finance controller, it is critical to develop strong mathematical and business skills. Finance controllers typically have a lot of responsibilities in their companies, so they need to be able to understand abstract financial concepts as well as have the interpersonal skills to supervise and interact with other employees.
Interning at a financial institution can be beneficial in preparing for a career as a finance controller. It is best to have as much financial experience as possible in order to provide assurance to the employer. Some finance controllers begin their careers as entry-level employees at banks or accounting firms before rising through the ranks to become managers or controllers.
Employers frequently prize those with a master’s degree in business administration (MBA) or finance who want to work as a finance controller. An MBA program provides in-depth training in financial strategy and leadership skills, both of which are highly valued in the finance industry. Because controllers frequently prepare regulatory reports for national and local authorities, financial reporting knowledge is essential. An MBA can also help controllers prepare to oversee audits and budget regulations.
Some companies may also require a finance controller to be a certified public accountant (CPA). The requirements for CPA examination procedures will differ depending on where one works. Professional certifications are also available for those working in the financial management field.
The Chartered Financial Analyst Institute has locations all over the world and provides additional certification to investment professionals who meet certain requirements. After earning a bachelor’s degree and gaining several years of work experience, one may be eligible for certification after passing a series of exams. Candidates must typically pass a series of three exams, each of which increases in difficulty.