How do you become a division controller?

1 What is a division controller?

A division controller is a senior-level manager who directs the accounting, budgeting, reporting, and auditing functions of a division. A division can be a geographic region, a product line, a customer segment, or any other segment of a company that operates independently. A division controller works closely with the division president and other executives to ensure that the division meets its financial goals and complies with corporate policies and regulations. A division controller also provides strategic guidance and analysis to support the division's growth and profitability.

2 What skills do you need to be a division controller?

To be a successful division controller, you need to have strong analytical, communication, leadership, and problem-solving skills. You also need to have a solid understanding of accounting principles, financial systems, and industry standards. You should be able to prepare and interpret financial statements, forecasts, and variances, and communicate them effectively to various stakeholders. You should also be able to manage a team of accountants and analysts, delegate tasks, and motivate them to perform well. Additionally, you should be able to handle multiple projects, deadlines, and pressures, and adapt to changing business environments.

3 What education do you need to be a division controller?

To become a division controller, you typically need to have a bachelor's degree in accounting, finance, or a related field. Some employers may prefer or require a master's degree in business administration (MBA) or accounting (MAcc). You also need to have a professional certification, such as a certified public accountant (CPA), a certified management accountant (CMA), or a certified financial manager (CFM). These certifications demonstrate your competence and credibility in the field, and may help you advance your career.

4 What experience do you need to be a division controller?

To qualify for a division controller position, you usually need to have at least five to ten years of experience in accounting or finance, preferably in a managerial or supervisory role. You should have experience in preparing and reviewing financial reports, budgets, and audits, and in implementing and monitoring internal controls and policies. You should also have experience in working with senior management, external auditors, regulators, and clients. Depending on the industry and the size of the division, you may also need to have specific knowledge or expertise in certain areas, such as tax, cost, or project accounting.

6 How do you advance your career as a division controller?

To advance your career as a division controller, you should seek opportunities to expand your skills, knowledge, and network. You can do this by taking on more responsibilities, leading or participating in cross-functional projects, pursuing continuing education or additional certifications, and joining or volunteering for professional organizations. You should also seek feedback and mentorship from your peers, managers, and mentors, and set realistic and measurable goals for your professional development. By doing so, you can demonstrate your value and potential, and prepare yourself for higher-level positions, such as a corporate controller, a chief financial officer, or a division president.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?