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Controller

 

Overview

Controllers maintain all finances for a company. They oversee book keeping, budgets and financial reporting. 

 

 

What responsibilities will I have?

  • Maintain a documented system of accounting policies and procedures
  • Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department's goals and objectives 
  • Ensure that accounts payable are paid in a timely manner
  • Ensure that all reasonable discounts are taken on accounts payable
  • Ensure that accounts receivable are collected promptly
  • Process payroll in a timely manner
  • Ensure that required debt payments are made on a timely basis
  • Maintain records of accounts
  • Maintain an orderly accounting filing system
  • Issue timely and complete financial statements
  • Coordinate the preparation of the corporate annual report
  • Manage the production of the annual budget and forecasts
  • Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations
  • Monitor debt levels and compliance with debt covenants
  • Comply with local, state, and federal government reporting requirements and tax filings

 

What education and training is required?

To be a controller you must have at minimum, a bachelor’s degree in accounting or business administration. Often they have passed an exam and became either a Certified Public Accountant or Certified Management Accountant.

 

To pursue a career as a controller:

The following high school courses are recommended:  agricultural education, mathematics, English, business courses and statistics.

 

Where can I work?

Controllers work in a corporate or regional office setting for varying size companies.

 

Future Job Market / Outlook

The future outlook for a controller will be good over the next five years.

 

Suggested Professional Organizations and Associations

  • American Accounting Association
  • American Association of Finance & Accounting
  • Local agribusiness associations 
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Last Updated: 04/01/2020