Controller Job Description Of Companies And Business Enterprises
The Controller Job Description for a business enterprise or organization is the overseeing of the accounting department as well as the overall financial status of a company. The controller holds the topmost position in the accounting division of a company. The controller is also a senior corporate officer of a company.
The controller holds the title of CPA. Controller jobs include the responsibility of the overall functions of the accounting division. This includes budgeting, financial planning, and completion of financial statements.
The controller is the one who presents all pertinent accounting information to board members of a corporation. He presents all the reports to the company electronically and supervises all internal control. The controller is the most essential person in the accountancy department.
A controller has the chance to travel and visit subsidiary branches of the company. A controller does this while fulfilling his or her function of monitoring all financial operations, processing the payroll of employees in subsidiary branches, taking over control systems and checking to see if the accounting department of the subsidiary is running smoothly.
In smaller companies, the controller, sometimes labeled as comptroller, may in reality practice a hands-on participation in the daily fiscal activities of the enterprise.
The Controller Job Description includes the management of personnel or human resources as well as making decisions on benefit packages and incentives awarded to deserving employees. This is regardless whether or not the employee is connected in the accounting division.
The controller is likewise concerned with the transactions made between the company and the insurance company that handles all benefits given to personnel.
The comptroller of a company balances all accounts of the company. Another responsibility is to see to it that all accounts payable are settled on time. Regarding the accounts receivables, he ensures prompt collections.
One of the Controller Duties is to maintain a legible accounts chart that can be easily understood by the top echelons of the company. The controller makes it a point that every dollar of the company is spent well.
The controller keeps track of every single dollar that goes out and comes into the company. The controller also creates the budget of the company and sees to it that it is properly implemented.
Controller Duties include being responsible for coordinating with external auditors regarding annual audits. He or she provides the company with compliance of the requirements of the city and the state government where the company is located.
The controller does the regular filing of quarterly and annual reports to the state. A Controller Job Description requires him or her to be assigned to negotiate with the Securities and Exchange Commission.
A Controller Salary is based on experience and expertise in the field. To be eligible for Controller Jobs, one needs to have experience working with the company for at least ten years in the accounting department. This is required to have a concrete know how of the job.
A Controller Job Description is not to be taken lightly. Being a controller is not just having a fancy title. It involves heavy legal duties and responsibilities that sometimes go beyond all the other executive members of a corporation.