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Definition of 'Controller'

A controller is a senior-level financial position responsible for overseeing the financial reporting, accounting, and control systems of an organization. The controller reports directly to the chief financial officer (CFO) and works closely with other members of the finance team, including the treasurer, auditors, and tax professionals.

The controller's primary responsibilities include:

* Preparing financial statements in accordance with generally accepted accounting principles (GAAP)
* Ensuring that the company's financial reporting systems are accurate and reliable
* Developing and implementing internal controls to protect the company's assets
* Overseeing the budgeting process and managing cash flow
* Providing financial analysis and advice to senior management

The controller must be a highly skilled and experienced financial professional with a strong understanding of accounting, finance, and information technology. They must also be able to work independently and as part of a team, and have excellent communication and interpersonal skills.

A controller is a critical member of the finance team and plays a vital role in ensuring the financial health of an organization.

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