Controllers have one of the most important – and overlooked – jobs in finance. Think about it. Have you ever had a little kid tell you that he wants to be a controller when he grows up? Controllers may not have the exciting or glamorous image of firefighters, doctors or professional athletes. But in the grownup world that most of us live in, a controller’s job is vital to the health of a business or organization.
First, it’s important to realize what a controller is supposed to do. A controller is not just a glorified bookkeeper. They are expected to do much more in their roles.
A good controller should be managing cash flow through budgets and projections, not just reconciling your bank statement. If you are struggling with cash, a strong controller will be able to jump in and help. He or she should also be in charge of identifying expenses that seem out of line when compared to budget/expectations. Because your controller is in charge of your books and sees them every day, he or she is the best person to spot when something is off.
Your controller also should be in charge of presenting management reports to the leadership team. Again, since the controller should be very familiar with the books of the company, he or she should know what metrics best measure the results of the company.
So what traits does a strong controller possess?
In Downtown Wilmington, New Bookstore Owner Prepares To Open
Cece Nunn
-
Mar 5, 2021
|
|
Autumn Hall's Next Phase Emerges
Cece Nunn
-
Mar 5, 2021
|
|
The N.C. Azalea Festival, Reimagined
Laura Moore
-
Mar 5, 2021
|
|
Report Spotlights Region's Advantages
Christina Haley O'Neal
-
Mar 5, 2021
|
|
Habitat Chief Builds His Next Chapter
Cece Nunn
-
Mar 5, 2021
|
In some cases, pandemic restrictions have spurred innovation. In other cases, entities are simply hoping that, as the virus becomes less of...
Through a recent grant, Cape Fear HealthNet members will be able to get help navigating specialty appointments and follow-up care....
For businesses with fewer than 10 employees, the share of funding is up nearly 60%....
The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.