What is an Assistant Controller Job?
An assistant controller is a financial professional who assists the controller in managing a company's accounting and financial reporting. This position is usually found in larger companies where there is a need for additional support in managing the financials. The assistant controller reports to the controller and is responsible for various financial tasks, including budgeting, financial analysis, and financial reporting.
What usually do in this position?
The assistant controller's responsibilities include but are not limited to, supervising and training accounting staff, maintaining financial records, preparing financial reports, and ensuring compliance with accounting standards and regulations. They also assist the controller in developing and implementing financial policies and procedures, monitoring and analyzing financial performance, and making recommendations for improvement.
Top 5 Skills for Position
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Attention to detail and accuracy
- Proficiency in accounting software and financial reporting tools
- Ability to work independently and as part of a team
How to become this type of specialist
To become an assistant controller, you typically need a bachelor's degree in accounting or finance. Some employers may prefer candidates with a master's degree or CPA certification. Relevant work experience, such as working as a staff accountant or financial analyst, is also essential. Developing skills in financial management, budgeting, and financial analysis can also increase your chances of being hired as an assistant controller.
Average Salary
According to Payscale, the average salary for an assistant controller in the United States is $73,000 per year. However, salaries can vary depending on factors such as location, experience, and industry.
Roles and Types
Assistant controllers can be found in various industries, including healthcare, finance, and manufacturing. Some companies may have multiple assistant controllers, each with their own area of expertise. For example, an assistant controller may specialize in financial reporting, while another may focus on budgeting and forecasting.
Locations with the Most Popular Jobs in USA
Assistant controller jobs can be found throughout the United States, with the highest concentration in major metropolitan areas such as New York, Los Angeles, and Chicago. Other cities with high demand for assistant controllers include San Francisco, Houston, and Atlanta.
What are the Typical Tools
Assistant controllers use various tools to perform their job duties, including accounting software such as Quickbooks or Xero, financial reporting tools such as Microsoft Excel or Tableau, and enterprise resource planning (ERP) software such as SAP or Oracle. They may also use communication and collaboration tools such as Slack or Microsoft Teams to work with other members of their team.
In Conclusion
An assistant controller plays a crucial role in a company's financial management. They assist the controller in managing financial records, preparing financial reports, and ensuring compliance with accounting standards and regulations. To become an assistant controller, you typically need a degree in accounting or finance, relevant work experience, and strong analytical and communication skills. With a competitive salary and opportunities for advancement, this position is an excellent choice for those interested in a career in finance.