Assistant Controller Job Description
Assistant controller
provides professional technical leadership in developing effective and efficient policies, procedures and standard processes to ensure adequate internal controls are in place to facilitate accurate and timely financial reporting in compliance with Generally Accepted Accounting Principles (GAAP) and Federal Cost Accounting Standards (CAS).
Assistant Controller Duties & Responsibilities
To write an effective assistant controller job description, begin by listing detailed duties, responsibilities and expectations. We have included assistant controller job description templates that you can modify and use.
Sample responsibilities for this position include:
Making sound recommendations to enhance efficiency of accounting and reporting functions— supporting computer systems, and to ensure quality of data
Ensuring the accuracy and integrity of the client revenues that are processed in the systems on a daily basis
Research and implement US GAAP pronouncements
Research and document complex GAAP and SEC reporting requirements
Complete proper and timely recording of financial transactions in the general ledger in accordance with GAAP
Implement systems, processes and procedures to improve efficiencies while maintaining adequate internal control environment
Prepare GAAP financial statement for the Fund(s) on a quarterly and annual basis
Present accurate, timely monthly and quarterly financial statements and management reports for the Company
Direct financial statement audits and coordinate scheduling and procedures with external auditors
Implement and direct financial policies/procedures for all reporting units
Assistant Controller Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Assistant Controller
List any licenses or certifications required by the position: CPA, CMA, BS, MBA, BA
Education for Assistant Controller
Typically a job would require a certain level of education.
Employers hiring for the assistant controller job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Education, Business, MBA, Business/Administration, Management, Economics, Finance/Accounting, Public Accounting
Skills for Assistant Controller
Desired skills for assistant controller include:
GAAP
Current accounting standards
Federal and state policies and directives
Client’s organizational policies and procedures
Excel
Accounting and financial processes
US GAAP
Systems
Generally accepted accounting principles
Job-relevant issues
Desired experience for assistant controller includes:
Oversee monthly calculation of royalties and licenses and review of royalty statements
Identify opportunities for process improvement and efficiencies and proactively question processes and procedures and implement change to gain efficiencies and streamline workflows
Provide an excellent reporting and analysis service to operating divisions, departments, and corporate
Manage all Sarbanes-Oxley compliance activities
Manage internal and external audits and coordinate responses to auditors
Reviewing work prepared by the Senior and Junior accountants
Assistant Controller Examples
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Assistant Controller Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of assistant controller. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for assistant controller
- Financial forecasting and budgets
- Oversight of Sarbanes Oxley continuing compliance
- Portfolio valuation review and coordination with administrator
- Preparation of financial statements and timely completion of audit for all funds
- Fund capital calls and distributions
- Liaising with outside service providers (servicers, administrators, auditors, and tax consultants)
- Liaise with other functional areas of the firm, including Trade Operations, Investor Relations, Marketing, Compliance, Legal tax and Portfolio Management
- Assisting in preparation of tax return schedules and data for both financial reporting purposes and inclusion in corporate tax returns by audit firm
- Managing operational data and ensuring data integrity and accuracy, including forecasts and variance analysis
- Financial and analytical account analysis
Qualifications for assistant controller
- Familiar with residential MBS accounting, including revenue recognition and asset impairment
- Preparation of all audit related work papers for use in preparation of financial statements
- Maintenance of G/L account coding for financial reporting by profit and loss centers
- Calculating and perfecting Research and Development tax credits with consulting firm
- Calculating current and deferred taxes based on items identified above and proper allocation of taxes in the financial statements
- Financial statement preparation skills
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Assistant Controller Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of assistant controller. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for assistant controller
- Oversee Accounts Payable and Accounts Receivable function
- Perform various analyses and ad hoc projects as directed by the CFO
- Manage the Treasury and Cash Management function
- Assist the Controller / AFO collaborate with the organization’s independent auditors to complete the annual financial audit
- Supervise staff in the preparation of monthly financial statements, monthly grant program vouchers and other financial reporting activities
- Assist the Controller / AFO in reviewing and analyzing financial data
- Ensure compliance with relevant government laws, regulations, guidelines and procedures
- Assist Controller and Chief Financial Officer (CFO) in the preparation of organization’s Annual Operating Budget
- Supervise staff in the preparation and submission of the PHS 330 Grant Application and other business applications
- Assist the Controller / AFO with the preparation of the organization’s Cost Reports and UDS Report
Qualifications for assistant controller
- 5+ years of experience with a Big 4
- Fund of Funds and/or Hedge Fund experience
- Perform special projects assigned by the Chief Financial Officer
- Responsible for reconciliations and financial reporting
- Real Estate or Property Management industry experience REQUIRED
- Manage a team of nine
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Assistant Controller Job Description
Job Description Example
Our growing company is looking to fill the role of assistant controller. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for assistant controller
- Supervise and analyze profit and loss and capital variance fluctuations as compared to budget, forecast, and prior year results
- Spearhead forecast and budget process
- Collate and review information from Property Management and Leasing departments for reasonableness
- Ensure adequate cash flow for operations and distributions
- Oversee entire year-end financial and operating escalation audits
- Work closely with auditors to ensure best practices are employed and business enhancements evaluated
- Supervise Payables, Receivables, Billings, Lease Administration and Financial Reporting departments
- Cash management functions and ongoing banking relationship with Commercial and Private Banking servicers
- Work closely with Leasing Department and General Counsel on tenancy and business matters
- Maintaining strong internal controls to ensure Sarbanes-Oxley compliance
Qualifications for assistant controller
- Experience with Budgeting/Forecasting/Planning and Financial Analysis/Reporting/Statement Preparation
- Timely closing of certain business unit ledgers
- Preparing monthly and quarterly business unit fluctuation analysis
- Preparing monthly internal financial reports for presentation to senior management
- Preparing quarterly financial statements, footnotes and MD&A disclosures for the Company’s SEC filings
- Preparing monthly and quarterly financial statement certifications to lenders and other agencies
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Assistant Controller Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of assistant controller. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for assistant controller
- Re-engineer inefficient processes and manage projects for successful implementation
- To provide analytics around client contribution which could be used for decision making and strategy planning
- Prepare SOD binders for assigned accounts
- Perform account variance analysis
- Generate financial statements for final internal review
- Complete annual audit schedule preparations and maintenance
- Learn to assist with acquisitions and other financial analysis
- Streamlining monthly closing process through the automation of several manual tasks
- Reviewing monthly results and preparing management package for distribution to upper management
- Assisting with year-end financial and 401-k audits with external auditors and successfully complete annual bank audit for purposes of renewing company credit line
Qualifications for assistant controller
- Manufacturing and cost accounting experience a strong plus
- Preparing all required debt compliance calculations
- Working closely with CFO on special projects, the development of new lines of business and the retention and expansion of business with existing customers
- Prepare monthly financial reports including full analysis
- Review and post journal entries of staff
- Prepare annual financial reports including footnote disclosures
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Assistant Controller Job Description
Job Description Example
Our company is looking to fill the role of assistant controller. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for assistant controller
- Assist with internal audit ensure proper policies and procedures in place
- Assist with the monthly and quarterly forecasting and budgeting
- Participate in ad hoc requests asneeded and work closely with Market staff in various departments includingsales, promotions, traffic and programming
- Trade entry into order management system
- Validation and issuance of margin calls
- Liaising with front office, Prime broker's and Administrator
- Confirmation of all trades with counterparty on a daily basis and ensuring timely amendments
- Performing variety of daily and monthly reconciliations, position reconciliation, P&L reconciliation, open repo recon, open swap, cash
- Assisting with acquiring independent valuations
- Calculating daily performance estimates for traders
Qualifications for assistant controller
- 1 to 4 years of public accounting experience with SEC clients
- Public/private mix (Big 4 background preferred)
- Retail, wholesale, or manufacturing experience
- 7-10 years of experience in an accounting/finance field
- Ability to manage time correctly
- MBA or CPA with public accounting exposure is preferred