What Does A Controller Do In Finance? – Forbes Advisor

Financial management careers offer solid job security, strong salary potential and plenty of room for advancement. In the accounting field, these senior finance professionals lead accounting departments and help shape financial strategy at organizations of all sizes.

But what is a controller, exactly? In this article, we’ll examine these professionals’ responsibilities and the skills required to excel in their profession. We’ll also explore earning potential, job outlook and prerequisites for this role.

What Does a Controller Do?

Controllers oversee the preparation of their organizations’ financial reports. Such reports may include analyses of future expenses or earnings, income statements and balance sheets. Financial controllers typically manage their organizations’ budget, audit and accounting departments, making them high-level financial managers.

Much of an accountant’s job description focuses on tracking current and past financial data. These responsibilities are also part of a controller’s job. But a controller takes an active role in forecasting and strategizing for their company’s future. Controllers must understand their employers’ financial goals and offer data-informed recommendations on how to meet them.

Job Duties for Controllers

Financial controllers oversee…