finance controllers job development

Divisional Finance Controller Role in a Multinational Company – A Presentation of Job Descriptions

Finance controller's job is to watch the money flow.

Finance controller’s job is to watch the money flow.

In the last months I was approached multiple times with the same question – what is a divisional finance controller doing in his/her job in the real life? How is it to be in charge with the financial management of a line of business for a multinational complex organisation, for a specific geography? What are the responsibilities of a divisional finance controller? What are the bosses or the peer expectations from a division finance controller? How should a divisional finance manager or controller approach his new appointment when they are nominated for such a job?

I tried to search the web and well… I was disappointed. A simple web search for the expression “divisional finance controller job description” returned no meaningful matches on multiple search engines (google, bing) etc. Then I refined my search and went directly on the websites of the recruitment agencies which specialize in commercial finance (Michael Page, Robert Half, Manpower – to name just a few). And again, I was disappointed, as these recruitment agencies had some basic information (short job description, salary ranges, some minor points from the interviews), but nothing so comprehensive.

The question from a novice asking what is a divisional finance controller doing and what is he/she doing in the daily practice remained unaswered. Which is a bad thing, because the regional/commercial finance management jobs are not only well paid (usually Read More »Divisional Finance Controller Role in a Multinational Company – A Presentation of Job Descriptions

The Future Of Financial Controlling (1) – Defining the Commercial Finance Controller Job

Finance controller's job is to watch the money flow.

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