Assistant Financial Controller Job Responsibilities

An Assistant Financial Controller has a unique job to do. Along with the activity of controlling finances; he has to look into the budget of the company as well. The work of an assistant financial controller is to keep a check over the finances and expenses that the company is incurring. He is expected to keep a database of the transactions and audits of the company. All the financial activity is under the control of the assistant financial controller in the absence of the Financial Controller.

The Assistant Financial Controller makes the financial accounts during the year and at the end makes sure that the information recorded is legitimate and authentic. Along with helping in preparation of the ledgers and reconciliation statements, the Assistant Financial Controller helps in the creation of the budget righteously. He has to implement various schemes and policies to see if there are opportunities for the organization to grow.

If the company is making profits, a vital role is played by the assistant financial controller. He should be highly skilled in his work as well as should be excellent with numbers and calculations. He acts as an advisor for the internal functions of an organization as well. The accounting staff is hired and trained by the assistant financial controller only; he makes sure that the employees that are hired will prove beneficial for the company. He also supervises them in order to see that the authentic information is stored and calculations are right.

Responsibilities of an Assistant Financial Controller in detail

If the responsibilities of the assistant financial controller are followed properly, the organization may make huge profits. It is the assistant financial controller who takes care of more than half of the duties of the financial controller. It is him who recruits new employees and takes care of their training and polishing. The work of a financial controller can never be complete without an assistant financial controller. The responsibilities of the assistant financial controller are given below in detail:

• Prepares the ledgers, journals and reconciliation statements of the company to analyze the profits and losses incurred by the company during that financial year
• With the help and guidance of the financial controller, an analysis of the internal functioning is prepared so that a general assessment of the employees working in the organization can be prepared
• Assistant financial controller also takes an active part in the preparation of the annual budget of the company
• He analysis the financial data and recommend changes that can help in the betterment of the organization
• He interprets the year end audits, which is one the vital documents in the working of an organization
• Assistant Financial Controller must know the Generally Accepted Accounting Principles (GAAP)
• He takes care of the recruitment of the financial staff. He is expected to employee only those people who are experts in this field so that the chances of making flaws are reduced. Their training and counseling is taken care by the Assistance financial controller only
• The assistant financial controller's responsibility involves maintaining the vendor and customer relationships
• He should be quiet intelligent as this field requires a lot of calculation work that is to be done at a high pace

Skills of an assistant financial controller

Assistant Financial Controller should be highly skilled in his work as his expertise effects the profits of the company at a high rate. Communication skills are necessary along with mathematical skills. The assistant financial controller should be hardworking and loyal to his work as all the financial transactions take place under his supervision. He should also be a good recruiter as the financial staff will also affect his reputation in the organization because he is responsible for their recruitment.

Becoming an Assistant Financial Controller

• Assistant Financial Controller should be Bachelors in Accounts as it is the most important qualification needed to become an assistant financial controller
• The assistant financial controller should have an experience of more than 3 years to be recruited in a big organization
• Leadership attributes along with accounting skills help a person become an efficient assistant financial controller

Career scope for Assistant Financial Controller

If a person is excellent in accounting and is interested to enter the field of finances, Assistant Financial controller is a great opportunity to grow professionally. The person may be promoted to the post of Financial Controller depending upon his performance and expertise.