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financial-controller/references/tasks.md
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# 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.