Divisional Controller Job Description
Divisional controller
provides corporate accounting with monthly and quarterly financial accounting reports to consolidate with SEC filings utilizing Hyperion financial management and other tools.
Divisional Controller Duties & Responsibilities
To write an effective divisional controller job description, begin by listing detailed duties, responsibilities and expectations. We have included divisional controller job description templates that you can modify and use.
Sample responsibilities for this position include:
Update and implement all necessary business policies and accounting practices
Bank reconciliations for multiple bank accounts and merchant processor accounts (ticket sales)
Monthly close journal entries consisting of revenue and expense (understanding of revenue deferrals, prepaids and accruals)
Forecasting/Budgeting and variance analysis
Oversight of invoice processing, coding and reconciliation to budget
Directly working with Event Operations and be the financial liaison with Corporate accounting
Performing true ups / settlements / paying talent
Accounting and controls for ticket sales / merchant sales
Paying artist expenses / costs associated with the event
Preparing budgets and profitability reports on the events
Divisional Controller Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Divisional Controller
List any licenses or certifications required by the position: CPA
Education for Divisional Controller
Typically a job would require a certain level of education.
Employers hiring for the divisional controller job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business/Administration, MBA, Education, Economics, Business, Mathematics, Public Accounting, Financial Management
Skills for Divisional Controller
Desired skills for divisional controller include:
Accounting Software Package
Access
Database management systems SAP Business Warehouse
Deltek Vision would be considered an asset
Financial processes in industry and business understanding behind the financial numbers
IFRS accounting standards
Oracle Hyperion Essbase Enterprise Planning and MS SQL Server
US GAAP and Sarbanes Oxley regulations
Accounting practices
Accounting principles
Desired experience for divisional controller includes:
Drives the budgeting and forecasting process, budget vs actual analysis
Monthly Balance Sheet reconciliation and review
Responsible for procedures and controls that impact the financial results
Interaction with internal auditing function
Monthly and quarterly flux analysis by division level and consolidated level for region management and external auditors
Responsible for coordination of all aspects of forecasting and budgeting
Divisional Controller Examples
1
Divisional Controller Job Description
Job Description Example
Our growing company is hiring for a divisional controller. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for divisional controller
- Job cost reviews & review of job execution performance
- Providing administrative assistance on both personnel & fleet resource planning, and leading overall administrative support
- Coordination of overall expenditure processes, including but not limited to accurate reporting of payroll and purchase to pay administrative duties
- Working with others on team, ensuring timely customer billings and collection of outstanding customer receivables
- Participation in Division Monthly Operating Review calls as requested
- Working with Divisional Controller to review job cost reports (margins) to highlight areas of concern
- Support or conduct weekly or semi-monthly review of all jobs with the Field staff
- Developing input planning with Divisional personnel for and in preparation of monthly, quarterly and yearly financial forecasts
- Analyze actual divisional results each month to identify operational variances
- Create seasonal product-line profitability financial plans to assist management when determining selling prices when business is being quoted to buyers
Qualifications for divisional controller
- Develop estimated product costs and related gross profits, by working with design, costing and engineering to optimize such costs
- Create and monitor actuals against budgets for travel, sample purchases and design costs, among other significant costs controllable by the Division
- Monitor company-owned manufacturing plants' performance and efficiency on a weekly basis
- Functions as business partner and decision support for division (~$1B in revenue) leadership team
- Supports the Divisional Senior Vice Presidents in delivering profitable growth
- Identifies problems and value levers and shepherds the business through implementations of solutions/levers
2
Divisional Controller Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of divisional controller. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for divisional controller
- Leads development of a high performance culture within the leadership/management team
- Leads and manages the divisional finance team
- Work with corporate legal, treasury, and tax departments with various auditors
- Responsible for month-end close activities, general ledger, journal entries, revenue and variance analysis
- Prepare monthly and quarterly consolidated financial statements
- Review bank and balance sheet reconciliations
- Assist with internal and external audit process
- Monitor and challenge financial and operational performance across the platform
- Achieves financial objectives by managing monthly and year-end closing process for the specified brand
- Ensures that the leadership team of the regions understand what the key metrics are for profitable growth
Qualifications for divisional controller
- Bachelor’s Degree and 10 or more years experience in financial management
- Experience as a CFO/financial leader of a division of a corporation
- Experience in a financial leadership rotational training program within a corporation preferred
- CPA or progress working towards completion preferred
- CPA or highly preferred
- Minimum of 4-7 years of progressive accounting experience in public accounting
3
Divisional Controller Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of divisional controller. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for divisional controller
- Responsible for consolidation of all Group and Divisional reporting requirements including monthly results and forecasting
- Take a lead role in the annual business planning process for the Division
- Actively embed control processes and procedures through business partnering with the finance community, undertaking monthly balance sheet reviews, knowledge sharing on the finance SharePoint and standardise documents and templates
- Hold regular FC forums within the Division and attend monthly Divisional FC meetings to share knowledge and challenge the status quo with a view to implement action plans to improve processes and become more efficient
- Documenting and tracking key Divisional initiatives
- Embed measures for tracking sales performance against financial and non-financial indicators to provide meaningful management information and support decision making
- Lead on discussions with Group Tax and KPMG to derive an appropriate R&D tax assumption for management reporting
- Build strong relationships with Group Accounts and the external Auditors to assist with compilation of stat accounts and company audits
- Oversee and take the lead on finance integrations for all new acquisitions
- Performs monthly financial statement closing
Qualifications for divisional controller
- CPA / CMA / MBA highly preferred
- 10+ years’ experience in a manufacturing environment in operational accounting and financial analytic roles
- Bachelor's degree in Accounting and a CPA license is required for consideration
- Must have a bachelor's degree in Accounting or Finance along with a CPA license for consideration
- Prefer candidates that are Public/Private CPA, that have started their career in public accounting (ideally Big 4 or regional CPA firm), and then progressed to private and/or corporate
- Strong communication, accounting systems and MS Excel skills are necessary for success in this role
4
Divisional Controller Job Description
Job Description Example
Our growing company is looking to fill the role of divisional controller. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for divisional controller
- Assist in the preparation of quarterly and annual statutory statements
- Assist in the preparation of the Audited Financial Statements
- Coordinate the development and submission of client related reporting
- Develops, administers schedules, performance requirements and may have budget responsibilities
- Lead and execute post transactions responsibilities for mergers & acquisitions
- Reviews and posts monthly journal entries for the acquisitions
- Management of the financial and administrative functions which include Accounting, Billing, and Accounts Payable
- Manages activities to ensure the accuracy of division accounting and financial reporting, integrity of the accounting/financial systems and processes and internal control compliance
- Oversee the division's implementation and ongoing compliance with the internal control documentation and the testing requirements of the Sarbanes-Oxley Act of 2002 (section 404)
- Initiates, plans, and implements policies and procedures which define and control activities to meet division accounting and administrative goals and enhance the utilization of human resources
Qualifications for divisional controller
- Ability to organize and implement processes to meet deadlines
- Minimum 10 years experience in food
- Compliance with group reporting standards and timetables
- Strong financial control through strong business partnering and the management of robust processes and controls
- Strong people management capabilities with an ability to challenge and make decisions
- Team player with genuine enthusiasm to make a contribution to the company and staff
5
Divisional Controller Job Description
Job Description Example
Our company is growing rapidly and is looking for a divisional controller. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for divisional controller
- Participates in and coordinates the preparation of the Annual Operating Budget, Capital Budget, Annual Business Review and Strategic Plan
- Reviews all capital appropriation requests prior to submission for approval to ensure completeness of documentation, compliance with policy and financial justification
- Analyzes and interprets financial information to understand the division’s operating performance relative to established objectives and to identify opportunities for improvement
- Reviews with and provides counsel to division and executive management on all division financial matters
- Develops and maintains effective relationships with other Division departments to facilitate an efficient and effective operation
- Coordinates with internal auditors, external auditors and consultants responses to recommendations and questions relating to the Division
- Acts as a division liaison to Corporate on financial and administrative areas
- Coordinates with operations management the development of products, projects, and contracts to maximize the effectiveness of their integration into new or existing systems
- Participates in meetings with customers as necessary and responds on various topics such as payment plans/terms, and other specific topics
- Provides to Corporate, in a timely fashion, all information required for normal processing of financial and administrative data and any special requirements or projects
Qualifications for divisional controller
- Down to earth, hands on pragmatic individual
- Strong Excel skills (knowledge of macros is not required)
- Broker/Dealer Financial and Operations Principal (FinOp) experience preferred
- Knowledge of financial consolidation tools
- Life insurance (reinsurance) experience, including statutory and GAAP financial reporting
- Statutory Blue Book and Green Book experience