The financial controller (FC) is a pivotal and senior role within an accounting function. Typically reporting to a finance director or chief financial officer, the financial controller is responsible for ensuring that the accounting operations of an organisation run smoothly.
They oversee the accounting function of a company, ensuring that accounting records are kept appropriately and that reported results comply with accounting standards and relevant legislation. Some of their key duties include co-ordinating and leading the preparation of the budgets and financial forecasts, preparing monthly financial statements and other periodic financial reports, ensuring that the finance team operates within a robust control environment and being the principle point of contact for external auditors.
As a senior role, financial controllers can contribute to the financial strategy of the business and will be instrumental in the development of internal control policies and procedures within the company. They may have responsibility for financial risk management and will be expected to work with other senior leadership to develop risk minimisation plans. They will also contribute to ensuring that financial systems are fit for purpose, are appropriately maintained and will help identify areas for improvement. An ability to work nimbly whilst ensuring regulatory reporting deadlines are met is key. A keen interest in technology developments pertinent to accountancy, and a considered, intentional approach to leverage them for service improvement is vital.
