Assistant Controller
Quick Facts
Median Salary$146,792
Most Common EducationBachelor's degree
Projected 10-Year Growth+9.11%
Assessment MatchTake the Assessment
What They Do
An Assistant Controller assists the controller in managing the cash flows and financial activities of an organization. Assists in the development of budgets, regulatory and tax compliance, staff development and other accounting and financial duties.
Core Tasks:
- Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
- Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
- Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
- Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.
- Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
- Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
- Develop internal control policies, guidelines, and procedures for activities, such as budget administration, cash and credit management, and accounting.
- Receive cash and checks and make deposits.
- Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
- Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes.
- Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
- Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
- Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
- Advise management on short-term and long-term financial objectives, policies, and actions.
- Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
- Lead staff training and development in budgeting and financial management areas.
What to expect as an Assistant Controller
1Earn a Bachelor's degree
71% of people achieve this level of education.
2Gain skills and experience
See Assistant Controller related courses on Tallo
3Land a job
1078 openings for Assistant Controllers
Career Progression
in United States (Nation)
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