financial controller


A

Alessandra

What's the role of a financial controller? Can some one help me, please?
 
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A

Alessandra

Tom E ha scritto:
just wear a smart suit and you will get the job....
Not for know.
I'm a student at an Italian university and my professor asked me for a
brief work on the subject.
I'm just looking for some information.
 
P

Paul Harris

Google it
The role varies depending on the size of the Company but in a small
Company probably along the lines of:
Preparation and monitoring of Budgets
Management and annual accounts
Management of income and expenditure
PAYE and payroll
VAT registration and returns
Insurance and Pensions

In a large Company they would be responsible for managing the team who
were doing the above but still responsible for financial performance,
financial compliance, reporting etc.
 
S

Shade

Alessandra said:
Tom E ha scritto:
Not for know.
I'm a student at an Italian university and my professor asked me for a
brief work on the subject.
The financial controller supervises accounting and financial reporting
within an organization. They may be expected to:

i) Manage the Finance function to ensure accurate management of all
financial data and that accounts are produced consistently within
company policies and timetables

ii) Report into the General Manager and work alongside Area Financial
Controllers to deliver commercial business objectives and financial
targets

iii) Be responsible for the efficient running of the Accounts
Department, as well as Purchasing and IT within the property.

All that could be achieved through review, evaluation, planning and
instigating of appropriate action for the company to achieve its
sales, costs and profitability targets.

(Would that be too brief enough for your professor?)
 
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A

Alessandra

Shade ha scritto:
The financial controller supervises accounting and financial reporting
within an organization. They may be expected to:

i) Manage the Finance function to ensure accurate management of all
financial data and that accounts are produced consistently within
company policies and timetables

ii) Report into the General Manager and work alongside Area Financial
Controllers to deliver commercial business objectives and financial
targets

iii) Be responsible for the efficient running of the Accounts
Department, as well as Purchasing and IT within the property.

All that could be achieved through review, evaluation, planning and
instigating of appropriate action for the company to achieve its
sales, costs and profitability targets.

(Would that be too brief enough for your professor?)
Yep, but it points me in the right direction.
Thanks.
 
J

jasonbrown

Alessandra;92006 said:
Shade ha scritto:-
Alessandra (e-mail address removed) wrote:
-
Tom E ha scritto:-
just wear a smart suit and you will get the job....
-
Not for know.
I'm a student at an Italian university and my professor asked me for

brief work on the subject.-

The financial controller supervises accounting and financia
reporting
within an organization. They may be expected to:

i) Manage the Finance function to ensure accurate management of all
financial data and that accounts are produced consistently within
company policies and timetables

ii) Report into the General Manager and work alongside Are
Financial
Controllers to deliver commercial business objectives and financial
targets

iii) Be responsible for the efficient running of the Accounts
Department, as well as Purchasing and IT within the property.

All that could be achieved through review, evaluation, planning and
instigating of appropriate action for the company to achieve its
sales, costs and profitability targets.

(Would that be too brief enough for your professor?)
-
Yep, but it points me in the right direction.
Thanks.
Classic! Very in depth, Finance Director is the far more exciting role
 
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Joined
Dec 4, 2013
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discovering the financial controller

I find the best way to understand a job is to read as many job descriptions as you can. These give you an idea not just about general responsibilities but what kind of skills, qualifications and experience you need. It also gives you the latest trends and if you already have the job it gives you ideas for your current role from what other companies are doing differently.

For example search for Hays Financial controller jobs. You will see that example responsibilities, such as:
Review and challenge daily P&L produced by the Balance Sheet & Revenue Controls (BSRC) teams, considering day 1 P&L reporting rules and fair value reserves, liaising with desk and other departments on issues
• Chair weekly risk sensitivity based P&L review meetings with Market Risk, BSRC and the Front Office and follow up on issues
• Represent Financial Control on various projects (e.g. regulatory, systems migration etc) to ensure all Product Control requirements and impacts are fully covered, liaising with CTB and IT as appropriate
• Produce monthly, quarterly and annual P&L and B/S commentary to support the close. In addition perform analytical review to support sign-off for financial disclosures at quarter-ends.
• Support the monthly FC sign off in the SOCA (Sign off Check List) application by being accountable for the accuracy of P&L and B/S and actively preparing for and participating in month end control review meetings with the BSRC (Balance Sheet and Revenue Controls team.
• Review of monthly Treasury cost reallocations via liaison with Treasury, COO and the business.
• Liaise with both internal and external audit teams in the satisfactory completion of their audits by providing information, explanations and insight
• Support ad hoc information requests from senior finance management to facilitate reviews and/or meet Regulatory demands
• Review RWA reports and discuss with Treasury Reporting teams and the desk.
• Significant involvement in structured trade pre-approval processes associated with these businesses.

Hope that helps?
 

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