What is a Division Controller Job?
A division controller job is a senior-level financial position responsible for overseeing the financial operations of a company's divisions. This position acts as a liaison between the division and the company's headquarters or home office. The division controller plays a critical role in ensuring that the division meets its financial goals and objectives.
What usually do in this position?
The division controller is responsible for overseeing the financial operations of a company's divisions, including budgeting, forecasting, and financial reporting. They also monitor financial performance and identify areas of improvement. In addition, they work closely with other departments, such as marketing, sales, and operations, to ensure that financial goals are aligned with business objectives.
Top 5 Skills for Position
- Leadership skills
- Analytical skills
- Financial acumen
- Communication skills
- Attention to detail
How to Become a Division Controller?
To become a division controller, you typically need a bachelor's degree in accounting, finance, or a related field. Many employers also require a master's degree in business administration (MBA) or a related field. In addition, you need several years of experience in financial management roles, such as a financial analyst or accountant. You should also have strong leadership and communication skills, as well as a solid understanding of financial concepts and accounting principles.
Average Salary
The average salary for a division controller in the United States is around $120,000 per year. However, salaries can range from $90,000 to $170,000 depending on the industry, company size, and location.
Roles and Types
Division controllers can work in a variety of industries, including manufacturing, healthcare, and technology. They may also work for small or large companies, depending on their experience and skills. Some division controllers may specialize in specific areas, such as financial analysis, budgeting, or forecasting.
Locations with the Most Popular Jobs in the USA
According to the Bureau of Labor Statistics, the top states for financial managers, which includes division controllers, are New York, California, Texas, Illinois, and Florida. These states offer a high volume of job opportunities for financial managers in a variety of industries.
What are the Typical Tools?
Division controllers use a variety of tools to manage financial operations, including accounting software, financial modeling tools, and enterprise resource planning (ERP) software. They also use Microsoft Excel and other spreadsheet programs to analyze financial data and create reports.
In Conclusion
Division controllers play a critical role in ensuring that a company's divisions meet their financial goals and objectives. To become a division controller, you need a strong background in financial management and leadership skills. The average salary for this position is around $120,000 per year, but salaries can vary depending on the industry, company size, and location.