Financial Control Job Description

Financial Control Job Description

162 votes for Financial Control
Financial control provides financial stewardship to clients on financial and/or accounting matters, collaborating with Technical Accounting, Corporate Financial Reporting, Business Controls, Audit, etc.

Financial Control Duties & Responsibilities

To write an effective financial control job description, begin by listing detailed duties, responsibilities and expectations. We have included financial control job description templates that you can modify and use.

Sample responsibilities for this position include:

Develop and maintain a strong knowledge in trading and accounting platforms such as Rolfe-Nolan, ADP and SOPHIS
Responsible for various routine accounting duties including general ledger maintenance, Account Governance, preparation of journal entries, and compilation of data for various financial reports
Perform user acceptance testing as a representative of corporate accounting for system implementations and upgrades as necessary
Review provision calculations prepared by the Gurgaon team those prepared by finance teams in non-integrated subsidiaries
Exercise discretion and independent judgment with respect to these matters
Be responsible for the month-end close, including postings to SAP to ensure the general ledger is correct for IFRS and US GAAP reporting
Apply judgment to determine where further investigation is required and what steps you need to take to satisfy your investigation / close out problem to an acceptable resolution
Prepare financial statements required by and compliant with US GAAP and IFRS
Perform analytical reviews including variance analysis as required by for internal reporting and/or utilizing your discretion and judgment
Perform General Ledger SAP postings, intercompany settlements, month end reconciliations and account ownership signoffs

Financial Control Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Financial Control

List any licenses or certifications required by the position: CAMS, CPA, CA, CMA, CFA, MBA, MUST, CIA, CFE, FRM

Education for Financial Control

Typically a job would require a certain level of education.

Employers hiring for the financial control job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Business/Administration, Economics, Management, Education, MBA, Accountancy, Business/Economics

Skills for Financial Control

Desired skills for financial control include:

Industry standards and regulations
RBC financial systems
MS Excel and PowerPoint
Microsoft Access desirable
Reporting and financial control requirements statutory and audit requirements
Accounting standards
Drivers of business performance
Financial accounting

Desired experience for financial control includes:

Knowledge of Transfer Agent systems, eg
A team player who is keen to contribute to team successes being able to work alone and deliver tasks unsupervised
The primary role is to support the Controller in improving financial and management reporting by enhancing the effectiveness and efficiency of internal controls around processing and analysing of financial data to ensure the provision of timely, accurate and reliable information produced by Wealth Management (WM)Finance
Review of templates and reporting-related material with a view to support the monthly SOX sign off
Support the maintenance of a robust, efficient and effective external disclosure reporting framework and educate relevant contributors and stakeholders
Ensuring that all reporting is compliant with IFRS, US GAAP and Group reporting requirements (balance sheet classifications, netting)

Financial Control Examples


Financial Control Job Description

Job Description Example
Our growing company is looking to fill the role of financial control. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial control
  • Responsible for ensuring the results for Capital Markets lending businesses are correctly reported and proactively responds to accounting issues and develops solutions or processes to mitigate risks
  • Perform walkthrough-like meetings with process and control owners
  • Prepare narrative, flowchart and risk-control matrix documentation for significant processes including appropriate consideration of key reports, end-user computing, and review controls
  • Perform individual deficiency analysis and aggregation analysis, as required
  • Develop presentations for Management on relevant topics
  • Significant contributor in GRC application automation and configuration
  • Assist in the investigation of all financial and regulatory reporting matters in areas related to Capital Markets & Corporate Treasury activities
  • Oversee all aspects of the annual SOX compliance program activities
  • Present KPIs and indicators of annual SOX compliance health to the Controls Committee and Disclosure Committee on a quarterly basis
  • Research, identify and implement technology enablement for SOX compliance program
Qualifications for financial control
  • To manage Financial Control responsibilities for the bank held assets including mortgages, loans, investment securities and goodwill, with the objective of delivering timely, accurate and reliable financial information
  • Knowledge and application of US GAAP
  • Minimum of 3-5 years experience required in manufacturing of automotive tooling & dies, with inner skin panels such as floor, roof, door, fender and other automotive body panels
  • Degree in a finance related field, CMA/CA/CPA/CFA designation preferred
  • Responsible for leading a team to deliver the required Finance outputs
  • Possess minimum four years' experience in financial institutions or CPA firms preferably with focus on FI audit

Financial Control Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of financial control. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial control
  • Execute company wide global inter-company settlements in functional currency and manage intercompany reconciliations by investigating the variances
  • Facilitate in the implementation of a new system updates based on the functionality of the new general ledger accounts, new node, bank code, and new entity in line with overall strategy regarding financial platforms
  • Analyze and review Transfer Pricing entries in accordance with policy set up by the committee and work with global partners to resolve any issues that distort the results
  • Manage reconciliations on cumulative translation adjustment, bank overdraft allocation and
  • Perform quarterly SOX Governance control on AP Accrual and unrecorded liabilities
  • Interacts with both internal and external auditors to resolve concerns and provide documentation
  • Look after accounts payable processes and resolve issues in a pro-active way
  • Process invoices and ensure payments are made with appropriate authorization
  • Process Travel & Expense Claims for compliance with T&E Policy
  • Handling weekly payment run and monitor ageing of items
Qualifications for financial control
  • Operational Risk Management and KPIs
  • General Ledger controls and governance
  • Knowledge of system interface and suspense account control
  • Information Management degree holder an advantage
  • Strong financial and analytical skills and able to prioritize tasks and meet with multiple deliverables within a tight timeline
  • Experience with banking regulations, specifically the FFIEC101, HCR/RCR and FR Y-14 regulatory reports

Financial Control Job Description

Job Description Example
Our company is hiring for a financial control. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial control
  • Ensure compliance with internal controls are in place in terms of authorization, cost allocation, accuracy and documents in line with the Bank’s policy
  • Timely issue of intra-group invoices for cost reimbursements and follow up settlements between the entities
  • Liaise with external vendors and internal parties
  • AP month end processing
  • Prepare month end net asset valuation packages and investor statements
  • Prepare necessary regulatory filings
  • Prepare year-end financial statements and work with external auditors to ensure accuracy of annual reports
  • Understand funds’ activities on a monthly basis by interacting with clients and Hedge Fund Services teams
  • Work with technology resources to improves processes that will increase scalability
  • Participate in the month-end analytic package and present to client’s global controller and financial control staff
Qualifications for financial control
  • Strong knowledge on financial control framework and implementation for banks
  • Self motivated, independent and able to handle multi-tasks to meet tight timelines
  • Demonstrated experience in preparation and/or evaluation of Sarbanes-Oxley Act compliant programs including scoping, risk assessment, key control identification and process documentation, walkthroughs and testing, deficiency analysis
  • Experience with Information Technology General Controls (ITGCs) and automated / IT dependent controls
  • Demonstrated project management experience with leadership in organizing, planning and executing compliance procedures from vision through implementation across multiple internal reporting and organizational lines
  • Demonstrated experience in business process re-engineering or process improvement involving financial controls

Financial Control Job Description

Job Description Example
Our innovative and growing company is looking for a financial control. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial control
  • Co-ordinate with Financial reporting teams to ensure efficient financial reporting to HO (under IFRS)
  • Establish adequate audit trails for all reporting tasks within the section
  • Ensure proactive responses on HO reporting section matters and queries from HO
  • Ensuring implementation of New Reporting Requirements from Head Office
  • Manage and supervise team members
  • Run daily suspense by utilizing the company's internal suspense system TRECS, Control database, Lawson, AWD and eTreasury and investigate and resolve any suspense variances and preparation of journal entries (if necessary)
  • Provide timely responses to Business unit queries on related work
  • Participate in special projects as required and providing ad hoc analysis and reports
  • Coordinate / Lead Monthly, quarterly and annual closings ensuring our financial statements reflect are accurate and correct for those legal entities
  • Internal control, audit and related activities
Qualifications for financial control
  • Be a self-starter with the desire to work in a high-profile position, have the ability to perform work that requires critical thinking and attention to detail, and possess strong analytical, verbal and written communication skills
  • Control / maintain regulatory reports to regulatory bodies (FSA, BOJ, MOF, ..)
  • Exposure to Corporate financial reporting
  • Be a self-starter with the desire to seek to improve existing processes and controls, have the ability to perform work that requires critical thinking and attention to detail, and possess strong analytical, verbal and written communication skills
  • Prefer investment management, financial services or hedge fund experience
  • Maintain client information and fee structures in our billing system

Financial Control Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of financial control. 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 financial control
  • Monthly monitoring and detailed analysis of costs and trends, including expense management, accruals follow-up, capital expenditure (CAPEX) tracking, and contract management
  • Monthly Activity based costing (ABC) allocation of IT infrastructure costs to internal clients
  • Prepare and report on Global Technology Services Department’s costs, headcount trends, and performance relative to planned deliverables
  • Provide business partnering support to other functions of the business such as IT, HR, Procurement
  • Leadership and development of a team of c 25 part qualified and qualified accountants
  • Deputise for the Head of Financial Control & Reporting where necessary
  • Process Travel & Expense Claims for compliance with relevant T&E Policies
  • Maintenance of Finance fixed asset register
  • Assist in reconciliation with IT asset register and annual stock take records
  • P&L records, including accruals
Qualifications for financial control
  • Organising payment processing
  • Regulatory lodgements
  • Reviewing reconciliation
  • Willingness to take ownership of issues and ensure completion
  • Team player who will work collaboratively toward achieving business-wide goals
  • Trading book maintenance between systems

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