financial-controller/references/tasks.md

Tasks & work activities — financial controller

Source: O*NET 30.3, occupation 11-3031.01 (Treasurers and Controllers).

Task statements

• [Core] Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.
• [Core] Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
• [Core] Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
• [Core] Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
• [Core] Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes.
• [Core] Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
• [Core] Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
• [Core] Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
• [Core] Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
• [Core] Develop internal control policies, guidelines, and procedures for activities, such as budget administration, cash and credit management, and accounting.
• [Core] Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
• [Core] Advise management on short-term and long-term financial objectives, policies, and actions.
• [Core] Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
• [Core] Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
• [Core] Lead staff training and development in budgeting and financial management areas.
• [Core] Receive cash and checks and make deposits.
• [Supplemental] Handle all aspects of employee insurance, benefits, and casualty programs, including monitoring changes in health insurance regulations and creating budgets for benefits and worker's compensation.
• [Supplemental] Prepare and file annual tax returns or prepare financial information so that outside accountants can complete tax returns.
• [Supplemental] Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.
• [Supplemental] Compute, withhold, and account for all payroll deductions.
• [Supplemental] Perform tax planning work.
• [Supplemental] Determine depreciation rates to apply to capitalized items and advise management on actions regarding the purchase, lease, or disposal of such items.

Detailed work activities

• Administer compensation or benefits programs.
• Advise others on business or operational matters.
• Analyze financial records to improve budgeting or planning.
• Analyze financial records to improve efficiency.
• Approve expenditures.
• Calculate financial data.
• Collect payments for goods or services.
• Compile operational data.
• Conduct employee training programs.
• Conduct financial or regulatory audits.
• Determine pricing or monetary policies.
• Determine resource needs.
• Develop operating strategies, plans, or procedures.
• Develop organizational policies or programs.
• Direct financial operations.
• Establish interpersonal business relationships to facilitate work activities.
• Evaluate employee performance.
• Maintain knowledge of current developments in area of expertise.
• Manage control system activities in organizations.
• Monitor flow of cash or other resources.
• Monitor organizational compliance with regulations.
• Prepare financial documents, reports, or budgets.
• Prepare operational budgets.
• Prepare reports related to compliance matters.
• Recommend organizational process or policy changes.
• Supervise employees.