Roles and responsibilities of the management controller
The role and tasks of the management controller are varied and diversified. They must manage budgets, draw up financial reports and analyses, and implement management control and business monitoring methods. They must also ensure that the company's procedures and practices comply with the standards and regulations in force. The main tasks of the management controller are as follows:
- Drawing up the annual budget and budget forecasts, analysing the company's costs and revenues and taking account of business forecasts.
- Drawing up reports and financial analyses on the company's situation and business sectors.
- Carrying out studies and simulations to forecast and analyse different possible scenarios and the consequences for the company's business.
- Assessing and monitoring company performance and market trends.
- Preparing presentations to inform management of results and performance.
- ensuring compliance with internal standards and procedures.
- Develop management control and activity monitoring tools.
- Monitoring the company's activity and the various projects in progress.
The management controller must also be able to establish relationships of trust with other company departments and collaborators. They must be able to provide advice and information to the various parties involved and support them in their thinking and decisions.
Salary and career development of a management controller
The salary of a Financial Controller varies considerably. It depends largely on the candidate's experience and qualifications. In France, the gross annual salary for a Management Controller varies according to years of experience:
- 0 to 2 years: between €22,000 and €30,000.
- 2 to 5 years: between €30,000 and €50,000.
- 5 to 10 years: between €50,000 and €65,000.
- 10 to 15 years: between €65,000 and €80,000.
- More than 15 years: €80,000 or more.
It is possible for a management controller to specialise and develop in several different professions. Here is a non-exhaustive list of possible career paths for a management controller:
- Financial controller
- Management control consultant
- Financial Director
- Chartered accountant
- Analytical project manager / Business analyst.
