what is a financial controller?

As a financial controller, you oversee the finance teams. You participate in the budgeting process and provide support to various departments in managing their budgets. Additionally, you work with different professionals and assist in financial planning. Therefore, experience with accounting technologies is essential to enhance your performance. You also need to share responsibilities with other managerial tasks, such as supervising the accounting team.

Financial controllers bear a significant responsibility in maintaining the current and future stability of a business. They need exceptional skills in accounting and decision-making to take control and responsibility for a company's financial strategies, cost reduction opportunities, and growth assessment.

A financial controller can work in any industry, whether in the public or private sector. Regardless of whether you're in consumer goods companies, technology consulting, non-profit organizations, or financial services, your responsibilities are similar. However, the size of the business directly influences your duties. For example, in a smaller company, you may directly manage the company's financial operations, but you might also handle tasks typically assigned to a finance manager. In larger organizations, your responsibilities depend on the complexity of the accounting processes and the size of the finance team. You can choose to specialize in financial management or oversee the accounting team. The role generally requires strong analytical skills, as you work with a lot of statistical data.

Do you think that a financial controller role would suit your expertise in office technology and your analytical skills? Keep reading to find out what competencies and qualifications are needed to succeed in a financial controller position.

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1

the average salary of a financial controller.

Financial controllers work across various industries, and their compensation packages vary accordingly. For example, the earnings of a financial controller in a tech company differ from those in non-profit organizations due to the different roles and responsibilities involved.

According to data from Paylab and internal resources at Randstad Romania, the average salary for a financial controller is 10,000 RON net per month. When you're just starting your career with minimal skills and experience, your compensation package begins at around 6,000 RON net per month. However, your salary will increase as your skills and expertise grow, and as you take on more complex roles within the company. The top financial controllers in Romania can earn over 16,000 RON net per month.

The compensation package typically includes a variety of allowances and non-monetary benefits. For example, most employers provide transportation allowances, private health insurance, and contributions to a pension plan. Year-end bonuses and other perks are also common for this role.

Different industries have unique payment structures based on the complexity of accounting roles. Choosing between the public and private sectors also impacts your salary. Private companies may have the resources to pay more than public and non-profit organizations.

2

types of financial controllers.

The role of a financial controller has four main aspects:

female executive reading documents
female executive reading documents
3

working as a financial controller.

Financial controllers work with accounting and finance teams to oversee financial and administrative functions. Let's explore the specific roles, work environment, and career prospects of a financial controller.

4

education and training for financial controllers.

To become a financial controller, you need the following academic qualifications:

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Female sitting in an armchair in a loft working on a laptop

skills and competencies.

Some of the personal qualities of a financial controller include:

5

frequently asked questions (FAQs).

Frequently asked questions about working as a financial controller.

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