Writing a job description for a financial controller can be tricky since the role needs to be filled by an all rounder. The list of duties and responsibilities may be making your ad huge but what should you include to make sure you find the right person for the job?
Organisational skills – your financial controller will take responsibility for the entire day to day accounting function. So finding an organised thinker to not only keep the paperwork in tidy order but also suggest ways to streamline the reporting function is key.
Forward thinking – the role of a financial controller doesn’t just include issuing retrospective management accounts. They also need to be able to prepare forecasts and monitor cashflow as well as measuring performance to date against KPIs and budgets.
Business minded – a financial controller shouldn’t just be a number cruncher. They should be able to understand your business, how it works, your clients and how your staff operate. In a small business, the financial controller often works closely with the business owner and participate in Board Meetings so having a holistic understanding to how a business operates will only add value to financial analysis.
Qualified – a financial controller should ideally be ACA, ACCA or CIMA. This gives comfort that they have basic training in accounting, bookkeeping and tax as well as being required to complete annual training to keep their knowledge up to date. Don’t forget to add in how many years of qualification and experience you expect from them.
Specific skills – if you operate in a specialist industry, then you should search for a financial controller with the right experience. They will have a deeper understanding of your business when it comes to analysis and forecasting, as well as potentially being able to connect you with people in your network.
Day to day duties – you need to mention general items like reconciliations, management accounts, budget setting and forecasting if you wish you financial controller to take responsibility for them. But also make it known if there is anything you specifically need help with, for example managing insurance policies, team management or staff incentive schemes so you can make sure you find the right accountant for your needs with this right experience.
Hours/Location – you need to communicate to a potential candidate if they need to work on specific days of the week to match your own schedule or times of day.
If you are searching for a financial controller then consider getting in touch with us. We can arrange an outsourced full back office function, onsite visits or a combination depending on your needs. Our full outsource services start from £500 per month and are delivered by fully qualified accountants. Contact us below and let us build you a bespoke plan.