Assistant Controller: Meaning, Job Description, Skills, Jobs, Roles & Responsibilities

In finance and accounting, the role of an Assistant Controller is crucial. But what does an Assistant Controller actually do? Let’s break down the key responsibilities of this important job.

What Does an Assistant Controller Do?

An Assistant Controller plays a critical role in supporting the financial management of an organization. They assist the Controller in overseeing financial reporting, budgeting, internal controls, and compliance with accounting standards and regulations.

​Post Assistant Controller Jobs​

Assistant Controller Job Description Template

Job Title: Assistant Controller

Location: [Company Name], [City, State]

Reports To: Controller / Chief Financial Officer (CFO)

Summary:

[Company Name] is seeking a detail-oriented and experienced Assistant Controller to support the Controller in overseeing financial activities and ensuring accurate financial reporting. The ideal candidate will have strong accounting skills, a thorough understanding of financial regulations, and the ability to work effectively in a team-oriented environment.

Key Responsibilities:

• Financial Reporting: Assist in the preparation of monthly, quarterly, and annual financial statements.
• Budgeting and Forecasting: Support the development and monitoring of budgets and financial forecasts.
• Internal Controls: Maintain and enhance internal control procedures to ensure accuracy and compliance.
• Accounts Management: Oversee accounts payable and receivable functions, ensuring timely processing and accuracy.
• Audit Support: Prepare for and coordinate internal and external audits.
• Tax Compliance: Ensure compliance with federal, state, and local tax regulations.
• Process Improvement: Identify and implement improvements in accounting processes and procedures.
• Team Leadership: Assist in managing the accounting team, providing guidance and support as needed.

Requirements:

• Education: Bachelor’s degree in Accounting, Finance, or a related field. CPA or CMA certification preferred.
• Experience: Minimum of 3-5 years of accounting experience, with a focus on financial reporting and internal controls.
• Skills:
  • Strong knowledge of GAAP and financial regulations.
  • Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle).
  • Excellent analytical and problem-solving abilities.
  • Strong attention to detail and organizational skills.
  • Effective communication and interpersonal skills.
  • Hours: Full-time, Monday to Friday, with occasional extended hours as needed.
  • Environment: Office setting with a professional dress code.

Working Conditions:

Salary and Benefits:

• Salary: Competitive and commensurate with experience.
• Benefits: Health insurance, paid time off, retirement plan, and other benefits as per company policy.

How to Apply:

Interested candidates should submit their resume and a cover letter to [email address] by [application deadline]. Please include "Assistant Controller Application - [Your Name]" in the subject line.

---

This template can be customized to fit the specific needs and requirements of your company.

​Post Assistant Controller Jobs​

Assistant Controller Job Description Sample

• Position: Assistant Controller
• Location: [Specify location if applicable]
• Employment Type: [Full-time/Part-time/Contract]
• Reports to: [Controller/Director of Finance/Chief Financial Officer]
• Salary: [Specify salary range or negotiable]

Assistant Controller Roles & Responsibilities

• Assist in the preparation and analysis of financial statements, including balance sheets, income statements, and cash flow statements.
• Support the month-end and year-end closing processes, ensuring accuracy and timeliness.
• Oversee the general ledger and subsidiary ledgers, reconciling accounts and resolving discrepancies.
• Monitor and analyze financial performance against budget and forecast, providing insights and recommendations to management.
• Assist with the development and implementation of internal controls to safeguard company assets and ensure compliance with accounting standards and regulations.
• Manage and mentor accounting staff, providing guidance and support to ensure performance goals are met.
• Collaborate with internal departments and external auditors during audits and financial reviews.
• Stay abreast of changes in accounting regulations and industry trends, and recommend adjustments to accounting practices as necessary.
  

Assistant Controller Requirements

• Bachelor's degree in Accounting, Finance, or related field; Master's degree or CPA certification preferred.
• Several years of experience in accounting or finance roles, with progressively increasing levels of responsibility.
• Strong technical accounting skills and knowledge of accounting principles, standards, and regulations.
• Proficiency in accounting software such as QuickBooks, SAP, or Oracle.
• Excellent analytical, problem-solving, and decision-making abilities.
• Strong leadership and managerial skills, with the ability to effectively lead and develop a team.
• Excellent communication and interpersonal skills, with the ability to interact effectively with stakeholders at all levels of the organization.​

Assistant Controller Education and Training Requirements

While a bachelor's degree in Accounting, Finance, or a related field is typically required for this role, many employers prefer candidates with advanced degrees such as a Master's in Accounting or an MBA, as well as professional certifications such as Certified Public Accountant (CPA) or Certified Management Accountant (CMA). Continuous education and training are essential to stay updated on changes in accounting regulations and best practices.

​Post Assistant Controller Jobs​

Assistant Controller Salary

The salary for an Assistant Controller can vary widely depending on factors such as location, industry, company size, and the individual's level of experience and education. Here are some general salary ranges for Assistant Controllers in different regions:

United States

• National Average: $80,000 to $110,000 per year
• Entry-Level: $70,000 to $85,000 per year
• Experienced: $95,000 to $125,000 per year

United Kingdom

• National Average: £40,000 to £60,000 per year
• Entry-Level: £35,000 to £45,000 per year
• Experienced: £55,000 to £70,000 per year

Canada

• National Average: CAD 75,000 to CAD 105,000 per year
• Entry-Level: CAD 65,000 to CAD 80,000 per year
• Experienced: CAD 90,000 to CAD 120,000 per year

Australia

• National Average: AUD 90,000 to AUD 120,000 per year
• Entry-Level: AUD 80,000 to AUD 95,000 per year
• Experienced: AUD 110,000 to AUD 140,000 per year

Germany

• National Average: €65,000 to €85,000 per year
• Entry-Level: €55,000 to €70,000 per year
• Experienced: €80,000 to €100,000 per year

India

• National Average: ₹800,000 to ₹1,500,000 per year
• Entry-Level: ₹700,000 to ₹1,000,000 per year
• Experienced: ₹1,200,000 to ₹2,000,000 per year

These figures can vary based on specific job requirements, company policies, and economic conditions. For the most accurate and current salary information, consider checking local job listings, salary surveys, or platforms like Glassdoor, Payscale, and LinkedIn.

​Post Assistant Controller Jobs​

Suggested Read: Controller Job Description

Assistant Controller Job Description FAQs

Q: Is a CPA certification necessary to become an Assistant Controller?
​

While a CPA certification is not always required, it is highly recommended and may enhance job prospects and advancement opportunities for Assistant Controllers, especially in larger organizations or public accounting firms.

Q: What are the key responsibilities of an Assistant Controller?
​

Key responsibilities of an Assistant Controller include supporting financial reporting and analysis, overseeing internal controls, managing accounting staff, and ensuring compliance with accounting standards and regulations.

Q: What career advancement opportunities are available for Assistant Controllers?
​

Assistant Controllers can advance to roles such as Controller, Director of Finance, or Chief Financial Officer with experience, additional education, or certifications, as well as demonstrated leadership and managerial abilities.

Q: How can I prepare for a career as an Assistant Controller?
​

To prepare for a career as an Assistant Controller, consider obtaining a degree in Accounting or Finance, gaining experience in accounting or finance roles, pursuing advanced degrees or certifications, and developing strong leadership and managerial skills.

In conclusion, the role of an Assistant Controller is multifaceted, requiring a blend of technical expertise, leadership abilities, and strategic vision. With the right qualifications and experience, individuals can excel in this challenging yet rewarding profession, contributing to the financial success and growth of their organizations.