The Future Of Financial Controlling (1) – Defining the Commercial Finance Controller Job
Finance controller’s job is to watch the money flow.
Looking how the commercial finance functions have developed in the last 15 years, one cannot pass easily over the ascent of a new breed: the finance controller. Nowadays almost every multinational company has one individual who acts as an interface between the business and its numbers/accounting functions. We talk here about the controller, that strange animal who is neither a finance manager nor a finance director or accounting manager, but a bit of everything.
This controlling blog that doitinvest.com starts here tries to capture just that paradox: how has it come that controlling became such an important function in the multinational companies? What is the role of the controller? How can she or he evolve professionally and as a business partner to add better value to the employers? How can we mitigate the stress and the high turnover associated with the jobs of our finance controllers?
Today we will start our controlling blog series with a(n apparently) small question – what is a finance controller?
About.com, which is a dominantly US site, defines a finance controller job as the budget gate-keepers – in other words as the persons who control the financial flow of funds through the organization. As such, a finance controller is both a gate keeper (in a sense that he/she elaborates and implements the accounting and safeguarding policies of the company) as well as a master financial analyst of the relevant data flows in the corporations.Read More »The Future Of Financial Controlling (1) – Defining the Commercial Finance Controller Job