What is it like working as a Financial Controller?
Financial Controller in Washington:
"Understanding The Economics Of Higher Education."
Pros: My job is very challenging in an assortment of categories, Human Resources: staffing (making sure competent personnel are hired for many different areas of our business), setting policies and procedures(writing up the company policy guide for our specific business location), ck payroll before sent up to corporate for processing, etc.
Financial Controller: keeping track of inventory that is perishable(foods) vs. Inventory of Capital expenditures and small tools(10000s of pcs) how well the individual depts. Are doing actual costs vs. Budget, determining why discrepancies occur to better manage next event, flash report after each event(quick overview of how Legends performed monetarily vs budget & staffing of event. A/R, A/P, Spreadsheets for each event cost to budget, close financials each month. Assist with oversight of operations on event days to ensure quality control.
Cons: Inconsistency of management, inability of upper mgmt. To understand, what can & does go wrong at the individual accounts, especially, when the error began with upper mgmt. Not having a clear delineation of who is reporting to whom(currently, I have to explain the same problems to the Asst GM & GM at my site, the Regional Mgr, my Corp Controller who is at Corp HQ & reports to the VP of Finance, the Exec Regional Mgr and possibly to the President of the company). This is a very difficult situation for me to know where I should report certain types of problems(cost overruns in the kitchen vs non-compliance w Corp policy vs an employee screaming at me because they didn't get the raise they were promised in their pay because I was not notified by the individual granting the bump in pay. This also inhibits communication of any ideas to help resolve problems & quickly implementing them, because too many people are focusing on the problems. No standard in Corp policy for purchase orders.