Working with finance is one of the most important aspects of the activities of commercial organizations, on the effectiveness of which the expected profit depends. A specialist such as a financial controller is most often responsible for it.
Features of the profession and requirements for it
The financial controller monitors the organization's finances, develops a budgetary and currency basis, and plans future expenses. Usually, this specialist works in the credit or finance department of a bank, enterprise in the field of business or trade, reporting directly to his head. Only persons with a higher economic, financial or accounting education, as well as work experience as a manager or administrator for work with finances of at least one year, are allowed to work.
A financial control specialist is obliged to know and comply with the legislation in the field of accounting, be able to analyze the economic, financial or trading activities of an enterprise and in his work rely on decisions, orders, orders and other regulatory materials from higher financial and governing bodies.
The financial controller must perfectly know and understand the structure and functions of the organization, the leading prospects and objectives, the strategy for its further development, the existing procedure and forms of financial calculations, the features and timing of financial reporting. It is necessary that he possessed modern computer technology and used them to carry out analytical and accounting and computing activities in the framework of the production and economic activities of the enterprise.
Responsibilities and rights of the financial controller
The financial control specialist has the following job responsibilities:
- preparation of the budget of the organization for the purpose of further planning of expenses;
- planning the work of the enterprise with its focus on increasing profits;
- analysis of actual costs;
- preparation of management and financial reporting;
- search for solutions to minimize and eliminate financial losses of the company;
- conducting an economic analysis of the company's activities based on accounting and other types of reporting in order to identify intra-economic reserves;
- improvement of the organization's workflow, development and implementation of progressive methods and forms of financial and accounting;
- taking an inventory of cash and material assets.
The financial controller is granted the right of permanent access to the decisions of the organization's management in relation to its activities, as well as to make proposals for its improvement. He also has the right to inform his immediate supervisor about any shortcomings in the activities of the enterprise, its structural divisions or individual employees, to deal with their elimination. A financial control specialist has the right, either personally or on behalf of the management, to request information and documents from those responsible for the organization's departments that are necessary to build an effective financial activity of the organization.
The specialist is responsible for non-fulfillment or improper fulfillment of his official duties, which are provided for by his job description. He is also subject to labor standards established by the current labor legislation of the Russian Federation. The financial controller is prohibited from disseminating false information about the fulfillment of his official duties, violating orders, instructions and instructions of the organization's management and his immediate supervisor.
This person is obliged to comply with safety precautions, fire safety and other rules established in the organization and should not pose a threat to the activities of its employees. Within the framework of the labor and civil legislation of the Russian Federation, it is prohibited to cause any material damage to the enterprise and its employees, as well as to commit administrative, criminal and other offenses.
