An assistant controller manages day-to-day accounts activities and often oversees any internal auditing. The assistant controller must have a good working knowledge of financial regulations to ensure that the finance department is working within those parameters. It is expected that the assistant controller is a good leader and manager, as they usually help develop their team and advise their superiors. Assistant controllers are responsible for the accuracy of data in accounts, and they must ensure that all of their counts maintain integrity. They also may be responsible for the budget and for allocating resources as necessary; this includes creating reports and overseeing the annual budget and presenting it to their superiors. The assistant controller will often report to the company’s chief executive officer or chief financial officers, in addition to other supervisors they may have.

This position can be found in many different companies with a finance department, and it is expected that one is familiar with the work that company does. For this reason, industry-specific experience often is required for this job. Most assistant controller positions require a degree in finance or accounting. This position is not entry level, and experience is generally required in a role that focuses on accounting and has some supervisory elements. (Copyright 2018 PayScale.com)

Assistant Controller Tasks

• Assist in the preparation and reporting of financial statements for an organization.
• Review and edit statements to align with business requirements and industry standards.