Have you ever heard about the VP corporate controller? Are you interested to know more about it? If your answer is yes, then this article is made just for you.
VP Corporate Controller
The title of VP corporate controller is one of the most sought-after positions in the accounting industry. This position is not only considered a very challenging career but also one of the highest-paid in the accounting industry. The corporate controller is a member of the executive team. And reports directly to the CEO and other senior executives of the company. Because of this higher position, the salary of a VP corporate controller may go up to $200,000. This is just an approximate amount. Because it also depends on the size and type of business that you are working for.
The main responsibility that comes with this position is to report on the financial performance of your business. You may be thinking that there are so many other people who can do this job. But we will give you a list of reasons why they cannot do it as a VP corporate controller can do:
A corporate controller works closely with top-level executives in making key financial decisions. If you want to make important decisions, you need to have sufficient knowledge and experience in doing so. A high school graduate or even college graduate will not be able to handle this job well. Because he/she does not have much experience regarding finance and accounting.
A corporate controller will help in establishing frameworks that will help in prioritizing short-term and long-term goals. For both operations and finance departments. This means that he/she needs to have a good understanding of finance and accounting concepts. Especially if he/she wants to ensure that all aspects are being addressed properly.
VP Corporate Controller: How to Become One?
A good corporate controller needs to have good communication skills especially in terms of dealing with people from different departments including staff, customers, suppliers, partners, investors, and auditors. He/she needs to be an excellent communicator because he/she would need to report on the financial performance of the business regularly especially during board meetings or stockholders’ meetings. If he/she cannot deliver what he/she has promised, it could lead to problems such as loss of clients or customers or even loss of investors’ trust which could result in bankruptcy.
As mentioned earlier, a corporate controller is part of an executive team which means that he/she needs to make sure that he/she understands what’s happening inside his company’s departments such as operations, sales, marketing, and finance. You may think that you can learn all these things by just reading books but it will take a long time to learn everything that is being discussed in the company.
If you are not willing to take time to learn about these things, then it will be hard for you to make decisions and ensure that everything is happening as expected. If you think that you can do this job well, then go ahead and apply for the position of VP corporate controller. You can start searching for available vacancies on the Internet or if you want a job that can give you a higher salary, then consider getting accounting certifications such as CPA certification.