Finance Controller (O2C) Job Description Template
The Finance Controller (O2C) will be a key member of our finance team, responsible for managing the Order-to-Cash (O2C) cycle. This role ensures accurate financial reporting, effective accounts receivable management, and compliance with accounting standards. The ideal candidate will drive process improvements to enhance cash flow and profitability.
Responsibilities
- Oversee the end-to-end Order-to-Cash process.
- Ensure accurate and timely financial reporting and compliance.
- Manage accounts receivable and monitor credit control.
- Streamline financial operations to optimize cash flow.
- Coordinate with internal and external auditors.
- Implement and maintain internal controls and process improvements.
- Collaborate with cross-functional teams to support business goals.
- Prepare financial forecasts and budgets.
Qualifications
- Bachelor's degree in Finance, Accounting, or a related field.
- Professional certification (CPA, CMA) is preferred.
- 5+ years of experience in a finance role, with a focus on O2C.
- Strong knowledge of GAAP/IFRS and financial regulations.
- Proven track record in accounts receivable and credit control management.
- Experience with financial reporting and forecasting.
Skills
- Financial analysis
- Accounts receivable management
- Credit control
- GAAP/IFRS knowledge
- ERP systems (e.g., SAP, Oracle)
- Financial reporting
- Internal controls
- Process improvement
- Budgeting and forecasting
- Excel
Frequently Asked Questions
A Finance Controller (Order to Cash) is responsible for overseeing the financial processes related to customer transactions from order placement to cash collection. This includes managing the accounts receivable, ensuring accurate billing, and optimizing cash flow. They ensure compliance with financial regulations, prepare reports, and collaborate with teams to streamline processes and improve efficiency in the O2C cycle.
To become a Finance Controller (O2C), candidates should obtain a bachelor's degree in finance, accounting, or a related field. Relevant certification such as CPA or CMA is beneficial. Gaining experience in accounts receivable, financial analysis, or credit management is essential. Aspirants should develop strong analytical, leadership, and communication skills, and often progress from roles like financial analyst or accounting supervisor within the finance department.
The salary for a Finance Controller (O2C) varies based on factors such as location, industry, and years of experience. However, experienced professionals can expect a competitive salary. Compensation often includes base salary, bonuses, and benefits. Those in larger companies or high-demand industries may command higher salaries, reflecting the advanced skills and responsibilities associated with this financial role.
A Finance Controller (O2C) typically requires a bachelor's degree in finance, accounting, or a similar discipline. Advanced qualifications like an MBA or certifications such as CPA or CMA can enhance a candidate's profile. Employers also prefer candidates with significant experience in financial management, proficiency in ERP systems, and a thorough understanding of the order-to-cash cycle. Strong analytical and problem-solving skills are essential.
Key skills for a Finance Controller (O2C) include financial acumen, strategic planning, and excellent communication abilities. Responsibilities encompass managing the end-to-end O2C process, ensuring timely and accurate billing and collections, and maintaining strong relationships with internal and external stakeholders. An adept Finance Controller also ensures compliance with accounting standards, prepares financial reports, and implements process improvements to enhance efficiency and cash flow management.