Job Role Description

Finance > Assistant Controller

Salary National Average

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86030.0000 101090.0000 122310.0000

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Short Description:

An Assistant Controller plays a key role in the financial management of an organization by supporting the Controller in overseeing accounting functions. Responsibilities typically include preparing financial reports, reconciling accounts, and ensuring compliance with accounting principles and regulations. Assistant Controllers also contribute to budgeting, forecasting, and internal control processes, often supervising accounting staff and collaborating with other departments. Strong analytical skills, attention to detail, and in-depth knowledge of accounting principles are essential for success in this role, as Assistant Controllers assist in maintaining accurate and transparent financial records.

Duties / Responsibilities:

  • Develop internal control policies, guidelines, and procedures for budget administration, cash and credit management, and accounting.
  • Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
  • Maintain knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
  • Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
  • Receive cash and checks and make deposits.
  • Prepare and file annual tax returns or prepare financial information so outside accountants can complete tax returns.
  • Advise management on short-term and long-term financial objectives, policies, and actions.
  • Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
  • Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
  • Develop and maintain relationships with banking, insurance, and nonorganizational accounting personnel to facilitate financial activities.

 

Skills / Requirements / Qualifications

  • Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
  • Judgment and Decision Making: Considering the costs and benefits of potential actions to choose the most appropriate one.
  • Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Management of Financial Resources: Determine how money is spent to accomplish the work and account for these expenditures.
  • Read Comprehension: Understanding written sentences and paragraphs in work-related documents.
  • Speak: Talking to others to convey information effectively.
  • Active Listening: Giving full attention to what other people are saying, taking time to understand different perspectives, asking questions as appropriate, and not interrupting at inappropriate times.
  • Mathematics: Using mathematics to solve problems.
  • Active Learning: Understand new information for current and future problem-solving and decision-making.
  • Coordination: Adjusting actions concerning others' actions.

 

Job Zones

  • Title: Job Zone Four: Considerable Preparation Needed
  • Education: Most of these occupations require a four-year bachelor's degree, but some do not. 
  • Related Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. 
  • Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
  • Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others. 
  • Specific Vocational Preparation in years: 2-4 years preparation (7.0 to < 8.0)

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