Are you great with number crunching and have excellent organizational skills, then this job should be what you are aiming at! A financial controller makes the most important decisions in the business with regard to the finances of the company. A trustworthy job as you will be handed the financial reins of the control of inflow and outflow of cash, you will definitely see the positive impact that your hard work will make on the company’s turnover and growth.
Some previous experience as an accountant or in a similar role of managing finance is a prerequisite to be considered for the job of a financial controller. The job demands a high level of knowledge, skill, dexterity, confidence, responsibility, and accountability. If this sounds like the path, you want to take read on to find out more about the roles and responsibilities, prerequisites, salary, hours of work and more.
What does a Financial Controller’s job entail? Are you cut out to embark on a career in that domain. Well as a financial controller you will be responsible for the accounting operations of the company and reporting to the Finance Director. Preparing financial reports, documenting accounts, corporate accounting, budgeting, forecasting- you will be involved in every aspect of the organization that remotely requires money. You will be managing the financial transactions of a company right from accounts payable to payroll. Irrespective of which industry you work in- every company needs a Mathematics wizard to manage their finances and with an interest and a financial analyst course you could be on the right path to becoming a Financial Controller.
You could complete a finance or accounting degree for e.g., Bachelors in Commerce or Bachelors in Business Management with a specialization in finance which would take you about years. You could also earn a Master’s degree to have an added advantage. If you do not want to take the university route, you can learn by enrolling in a Financial Analyst certification course offered online. Your employer may fund this for you while you train to become an accountant, and then you can work your way up the ladder. Financial Analysis courses in Hyderabad offer great study options for those who want to move progressively towards becoming a Financial Controller.
There is good news for those aiming to be Financial Controllers- it is a typical 9-5 job with weekends and bank holidays to yourself depending on the organization. Qualified financial controllers can earn anywhere between Rs 15,00,000 – Rs 35,00,000. The range could be higher depending on the size of the company and the experience of the candidate.
Once you gain a degree or even experience in accounting or a financial position, it is important to leverage your expertise and build your supervisory skills to become a Financial Controller. Being in control of finance means solving complex issues, dealing with pressurizing situations with an analytical mind. It is important to be exceptionally organised to meet deadlines and comply with regulations. Your primary responsibility will be to see the “bigger picture” and the financial health of the organization rather than just day-to-day numbers.
If you have your sights set on this role, then just get yourself a role in accounting or finance, get certified with a qualification, work hard and learn the ropes to prove yourself worthy of single-handedly managing the funds of a company.
Tag: career as a financial analyst
What Is The Best Tool For Financial Analysis
It is the job of the financial analyst to use data from the company’s financial statements and records to understand and analyze the strengths, weaknesses and financial position of the company. For example, debts being serviced, the revenue stream flow, capital investments and current position to invest, operational efficiency, future profits and more.
The Following Are Essential to Financial Analysts.
1. Financial statements:
The company income statement and balance sheets reflect the losses or profits over a time period. The assets, liabilities, capital position and such data are crucial to plan and ensure success.
2. Working Capital Statement:
Changes in the working capital can be tracked from the current liabilities and assets in comparison to the previous year. This is a crucial decision making factor in planning and evaluation.
3. Comparative statements:
Size statements of multiple companies at any point helps with understanding the current position vis-à-vis the industry.
4. Analysis of ratios:
This is a great way to arrive at the asset management, debt management, liquidity, market value, profitability, and financial performance of the various departments and business parts.
Why tools help:
Data is the backbone, and a lot depends on the type of decision-making involved, the inferences drawn from data in the financial records and how you analyze the information and use it for constructive feedback and financial analysis. The software used is a crucial tool and should provide customizable, clear and concise analysis.
Popular Software for Financial Analysts:
Of the many software, the Stock Screener by Finviz and Customized Financial Analysis by BizBench are popular with investors. Cloud tools for management, reporting software, etc. are widely used by accountants and bookkeepers, and Managers/ analysts favor SWOT analysis providing the software.
Software like Balanced Scorecard can help assess the current position, overall return, capital financing, operating income, analysis of specific firm processes and performance history.
EPM Financial Reporting by Prevision is also popular and rated high as a tool for management of enterprises, report books maintenance and for being able to analyze and combine real-time data from IT with information on accounting.
SAS, QlikView, and MATLAB are preferred for financial analysis that is customizable and includes tools for statistical analysis in its sophisticated software. It is an excellent tool for traders, analysts, and programmers.
Microsoft Excel and its VBA macro tool is the foundational tool for beginners and those who use small and less complex functions.
In conclusion, if you have a flair for financial analysis, then the financial analysis course in Hyderabad can get you the coveted financial analyst certification. The financial analyst course teaches you the best tools for assessing the company’s weaknesses, strengths, and financial strength. Doing such courses at Imarticus are particularly advantageous to you because of the global robust curriculum, hands-on practice on popular tools, an industry-relevant project involving real-time live data, and excellent mentorship provided which makes you industry-ready from day one.
What Skills and Certifications Should You Acquire to Make a Financial Degree More Marketable After Your Graduation?
Immediately after graduation, the accounting and finance certifications are validations of your skill set and a big leap towards your career goals. Continued learning is also essential to ensure you stay abreast of the latest best practices, techniques, technological advancements and market trends. Here are some of the best certifications in accounting.
The top accounting certifications
Depending on your career plan, resources, specialization choices, and eligibility here you can choose your certification. These have different prerequisites in terms of educational background, experience, and examinations taken to be finally added on to your resume.
All of them provide you with a well-defined skill set meant to ensure you are industry ready and have the required skill sets.
Take a look at these three corporate accounting certifications oriented to give your resume and career a boost.
• CPA- Certified Public Accountant validated by AICPA
• Chartered Global Management Accountant granted by AICPA and CIMA
• Certified Management Accountant sponsored by IMA.
• A financial analyst course
• The financial analysis prodegree by ey
For a career as a financial analyst, these five certifications are globally recognized for financial and banking services.
• Chartered Financial Analyst by the CFA Institute
• Certified Financial Services Auditor by the CFSA for risk, audit, and fraud management careers
• Certified Internal Auditor validated by IIA for managers and audit experts.
• Certified Fraud Examiner by the ACFE
• Certified Government Auditing Professional accredited by the CGAP
These two certifications are for accountants with IT careers.
• Certified Information Systems Auditor granted by CISA
• Certified Information Technology Professional by AICPA
The importance of certification
Here are some of the obvious benefits:
• Certification theory upgrades and revises your knowledge with updated information
• Certification is an eclectic blend of the necessary theoretical and practical skills required. Certification is a tool to upskill the experienced employees which are today crucial to further growth
• Certification is a validation of your practical skills
Pros:
For the fresh graduates:
- Certifications give you a unique standing. Certification validates the point that you are industry ready and have both the conceptual and practical skills required
- A certification enhanced resume stands up for itself. HR Managers and screening assessors of your resume treat certification as necessary validation for the job. It adds the professional touch
For working professionals: - Growth opportunities abound with the scaling up of certification. The process of certification allows you to touch base with new developments and revises what you have not practised on for ages.
- Certification empowers you. It validates your skills and tells the world you have the practical skills of an ace in your field.Cons:
- Certification may not give you a salary advantage. It can keep you in the race and increase possibilities for you.
- Certification is no guarantee of a job. It cannot guarantee you have the skills required for the job on hand.
- Certification is not the criteria of selection. Skill is when it comes to the final assessment. Performance is the only consideration.
If you have the inclination towards a career in the financial field, then a financial analyst certified course is a good choice for you.
We offer financial analysis courses at our centers in Mumbai, Thane, Pune, Delhi, Ahmedabad.
Also Read: Top 3 Skills For Financial Analyst
Top Cities to Have a Career in Right Now
Top Cities to Have a Career in Right Now
The Parliament of India recently released its Union budget and with the same, there have been a lot of good indications, both for the economy as well as the banking sector. While the country seems to be steadily progressing towards economic growth, the popular vibe among the present generation is an absolute fascination of the west. This is one of the reasons why many professionals, in various industries like Finance, Medicine, Analytics or Engineering and the likes, look to get highly qualified, in order to settle in on the job that they love the work in. This has encouraged the popularity of professional training courses, which are way more industry relevant as compared to the academic courses.
While it is a general notion that is reiterated time and again that you must find a job which you absolutely love doing. This idea for a lot of people gets attached to the more tangible concept of place, as many of the professionals, look to get hired in various foreign countries, in order to get the right kind of job. This is probably why you would see a lot of career websites, promoting different foreign countries, as the best and happiest place to work in. But then again, there are a lot of cities within India as well, with a prominent newspaper ranking Jaipur as the happiest city to live in, there are quite a few others, including the golden quadrangle with their metropolitan areas.So if you are looking for a great city to work in, we have curated a list of some of the happiest cities you can work in. This list basically is based on numerous surveys conducted, highlighting aspects like the happiness factor, compensations, work environment, employee- manager relationships and so on.
1.Chandigarh
Many residents of Chandigarh have time and again agreed to the fact that this city, makes for a great place to live in and thus by extension to be employed in. The many reasons cited would be a sound financial status of the people there, as well as great infrastructural development throughout.
2.Lucknow
Lucknow has gone on to be the second city to make it into the happiest places to live in list. The people residing in this city highly cherish their needs and desires and consider the same, their source of happiness. With a perfect mixture of the multinational and domestic companies, it makes for a great place to be employed in.
3.Delhi
The capital of India, apart from being extremely advanced in terms of infrastructure, it also houses headquarters of a number of nationalized banks, corporate financial institutions, private and public firms, making it the go-to place for all those professionals looking to leverage their career prospects.
4.Mumbai
How could the economic capital of India, not be a part of this list at all? Apart from being the part of the state that pays the most tax, it also has a thriving financial sector full of top ranking investment banks as well as commercial banks, various companies, which is no wonder why people come here to work.
So now you know, all you have to do now is take your pick! Do you think your city deserves to be on this list? Tell us why!