What To Look for in a Controller

The controller manages all of the accounting activities of the business, including the accounting team which may consist of a bookkeeper, account payable and receivable, and a general accountant. They regularly ensure that the processes in place are the most beneficial and efficient.

“They regularly ensure that the processes in place are the most beneficial and efficient.” 

Some key attributes to consider when reviewing candidates for the role of controller include:

• Ability to define, implement and execute processes within the organization. As part of their role, controllers develop processes, procedures, and information systems based on best practices and regulatory requirements. One of the greatest duties of a controller is to provide a proactive and meaningful understanding of the finances of the company and apply that to future analysis.
• Ample relevant experience. The role of financial controller is an intensive one and requires a great deal of relevant experience. It’s imperative they have a strong background in accounting and tactical experience in your specific industry. At least seven years of experience is a good starting point.
• Attention to detail, discipline and strong organization skills. Controllers must be diligent about details, timelines and accuracy of their work. They must also exhibit strong analytical skills and the ability to draw information and recommendations from financial data.
• Advanced education and certification. At the very least, candidates should have a bachelor’s degree in accounting or finance, but a master’s degree in business administration (MBA) is more suited to this role. Professional accreditation is highly valued and you might look for CPA’s, CMA’s, or CGMA’s. A combination of experience, education, and certification may also suffice.
• Proficient in GAAP. A controller must have meaningful expertise surrounding GAAP and extensive experience as an accountant. Knowledge of U.S. Securities and Exchange Commission (SEC) regulations is an added benefit as is a working knowledge of the Sarbanes-Oxley Act.
• Leadership and management capabilities. Beyond their qualification surrounding financial regulations and best practices, controllers are also managers of people and act as the link between the businesses’ financials and other managers and executives. For this, they’ll require exceptional communication and management skills. They’ll also need to conduct financial analysis, so analytical skills are key.
• Culture fit. As with any hire within your organization, culture fit is crucial to making sure the person who fills this role can do so effectively.

Source: https://www.zeni.ai/blog/financial-controller-startup