Essential Skills Every Finance Controller Needs to Succeed

Changing market conditions, technological advancements, financial uncertainty and shifts in corporate strategies have seen organisations become reliant on skilled Finance Controllers to manage risk and ensure financial stability.

While this has led to a surge in demand for these professionals, companies want to ensure that their Finance Controller delivers the results they need.

Below we highlight five essential skills every FC needs to succeed in the modern business world.

Analytical

It goes without saying that a great Finance Controller needs to understand complex financial data, identify trends and then make informed decisions based on this information.

Accuracy goes hand-in-hand with this because misreporting data can have huge ramifications. As well as having an impact on the business’s profits, it could even get you into legal trouble.

Communication

You may be expected to communicate complex financial information to directors, shareholders and other employees who don’t necessarily have a lot of finance knowledge. Effective communication skills are crucial because you need to know how to explain financial data and analysis in a way that everyone can understand.

Leadership

As a senior employee, FCs need to have great leadership skills. You’re likely to manage or oversee a team of finance and accounting professionals who will need guidance. If you can effectively set objectives, motivate your team members and inspire confidence in others, you’ll make a fantastic Finance Controller.

Problem-solving

As companies are looking for ways to save money and grow their business, you need to be able to solve complex problems. This may include analysing data, identifying patterns and trends, considering potential risks and benefits and implementing effective solutions to financial challenges.

Technology

Technology is continually advancing so it’s important for FCs to stay on top of what’s available and what’s emerging. Artificial Intelligence (AI) and automation are becoming increasingly instrumental when it comes to managing a company’s finances for example. As well as having a willingness to embrace new technologies, Finance Controllers need to be skilled at learning and implementing these new ways of operating.

Standing out among other Finance Controllers

Being able to prove your key skills and competencies will help you to stand out among others in your profession. As well as being helpful when it comes to securing your next job, it’s a great way to identify the type of role and organisation that’s right for you.

The Acuity Method is an assessment which highlights your strengths and validates your competencies. What’s more, after completing the assessment, if you wish you can be placed on our sister recruitment company, Acuity Associates, highly restricted candidate shortlist, giving you a competitive advantage over other candidates when looking for a new role.

To find out more about The Acuity Method, get in touch today.