Controller Goals and Objectives Examples
Develop and implement efficient financial reporting processes.
Ensure accuracy of financial statements.
Implement cost-cutting measures to improve profitability.
Assess and manage financial risks.
Generate timely and accurate financial reports.
Implement effective budgeting and forecasting strategies.
Manage cash flow to meet short-term obligations.
Identify and pursue investment opportunities.
Implement policies for credit control and debt management.
Ensure compliance with regulatory requirements.
Develop and maintain relationships with external auditors.
Monitor and analyze financial performance against KPIs.
Ensure timely and accurate tax compliance.
Implement process improvements to optimize accounting operations.
Work with management to develop long-term financial plans.
Support business planning and decision-making through financial analysis.
Develop and implement internal controls to safeguard assets.
Provide financial advice and guidance to management.
Manage the financial aspects of mergers and acquisitions.
Develop and maintain relationships with banks and other lenders.
Ensure timely payment of suppliers and vendors.
Implement processes for inventory management and control.
Conduct periodic audits of financial processes and procedures.
Provide training to staff on financial policies and procedures.
Develop and implement financing strategies for capital investments.
Develop and maintain relationships with shareholders and investors.
Assess the financial impact of new business initiatives.
Evaluate and recommend insurance coverage for the organization.
Develop and implement disaster recovery plans for financial systems.
Monitor and evaluate economic trends to inform financial decisions.
Manage foreign exchange risk through appropriate hedging strategies.
Provide support for fundraising activities as needed.
Develop metrics to measure the effectiveness of financial processes.
Ensure compliance with Generally Accepted Accounting Principles (GAAP).
Develop and maintain a chart of accounts that is clear and intuitive.
Recommend changes to financial policies based on industry best practices.
Monitor compliance with organizational policies regarding expense reimbursement.
Develop and maintain effective relationships with IT personnel, particularly in regards to financial systems.
Work with HR to ensure that payroll processing is accurate and timely.
Provide regular reports to management on the status of finances.
Maintain confidentiality of sensitive financial information.
Ensure that all financial transactions are properly documented and recorded.
Collaborate with sales teams to identify revenue growth opportunities.
Develop policies for purchasing goods and services in a cost-effective manner.
Ensure that all financial reports are easily understandable by non-financial personnel.
Liaise with legal counsel on financial matters as needed.
Use data analytics tools to extract insights from financial data.
Build and maintain models to forecast future revenues and expenses.
Analyze data to identify potential fraud or other irregularities.
Ensure that all taxes are paid in a timely and accurate manner.
Manage relationships with insurance brokers and carriers.
Ensure that all contracts are financially sound before signing them.
Stay up-to-date on changes in tax laws and regulations that could impact the organization's finances.
Develop policies for maintaining adequate levels of working capital.
Ensure compliance with Sarbanes-Oxley Act (SOX) requirements where applicable.
Work with operations teams to establish pricing models for products or services that are profitable while remaining competitive in the market.
Monitor performance against annual operating plans, highlighting variances for management review on a regular basis.
Manage relationships with investors or lenders, ensuring they are kept informed about business performance, risks, and opportunities.
Maintain proper documentation for all accounting processes and transactions, including reconciliations, journal entries, and month-end closing processes, among others.
Manage the accounting team, mentoring staff members as needed to help them grow professionally, holding regular performance reviews, setting clear objectives, goals, and targets for individuals or teams as appropriate.
Collaborate effectively with stakeholders in other departments, such as the Sales or HR department, regarding financial planning or analysis considerations relevant to their area of focus.
Execute periodic audits of the company's accounting system, including documentation of procedural controls over the acquisition, custody, use or disposition of company assets.
Participate in quality assurance programs designed to ensure compliance with regulatory requirements across multiple jurisdictions if applicable.
Implement controls around SOX / COSO framework requirements.
Ensure compliance with SOC 1/2 audit requirements.
Recommend best practices regarding internal controls to enhance effective risk management.
Monitor global regulatory requirements to ensure cross-border operations remain legally compliant.
Establish key performance indicators (KPIs) for operational efficiency within the department.
Develop models reviewing potential acquisition targets.
Lead initiatives related to investor relations.
Provide consultation on compensation packages.
Provide transparency into profitability by product line/division.
Drive improvement in relation to inventory management.
Work closely with the CFO thinking through strategy pieces.
Support capital raising efforts through strategic planning.
Build out process for accounting software transition.
Track progress against agreed upon cost reduction initiative.