How to become a Financial Controller

Posted on Sep 16, 2021

https://www.kbmrecruitment.com/blog/7_614343000ed25_646345e825fe3.jpg

Financial Controller

Financial Controllers role includes involvement in day-to-day transactions of the business and to update to the senior finance officers. These job roles exist in larger companies where they will require more people working in their Finance Department.

What is Financial Controllers job role?

Preparing financial reports
Analysing financial data
Monitoring of the internal controls
Monitoring and preparing income statements
To participate in budget processes
Management of financial transactions
To streamline the accounting operation and functions
Developing plans for economic growth
Evaluation and management of risk
Coordination in the audit processes

What skills are needed for the job role of Financial Controller?

Attention to detail
Teamwork
Administration
Mathematics
Knowledge of computerised accounting/software
Knowledge of business
Experience in finance management
Auditing experience
Compliance oriented
Time Management
Analytical skills
Strong leadership qualities
Excellent interpersonal skills
Communication skills

How can you become a Financial Controller?

You need excellent training. No degree is necessary for the job. Following are qualifications, they will improve your employability potential:

AAT accounting level 2,3 or 4
AAT accounting qualification (foundation, intermediate and technician levels)
NVQ accounting levels 2, 3 and 4
IAB Diploma in accounting and advanced bookkeeping Level 3
IAB Diploma in small business financial management Level 3
Degree in accounting, business or finance

What is the average salary of a Financial Controller?

The salary for the Financial Controller job role depends on the type of industry, size and location of the business.
Usually, in the start, the salary is £29,000. An average person for this role will earn around £48,000. The more experienced you are, you can earn up to £70,000.