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