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Careers rarely develop the way we plan them. Our career path often takes many twists and turns, with particular events, choices and people influencing our direction.
We asked Marie Kinsella-White from McDonald's to give some advice for people considering this job:
|The job that I do is highly specialised and the skills that I am required to have to do my job can only be acquired in our restaurant. However, by taking a job in McDonald's you are opening a career path to use those skills anywhere - the skills you acquire are very transferable. It doesn’t matter where you start, the opportunities are there.|
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Most of these occupations require qualifications at NFQ Levels 7 or 8 (Ordinary / Honours Degrees) but some do not.
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an engineer must complete four years of college and work for several years in engineering to be considered qualified.
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Job Zone Examples
Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, computer programmers, teachers, chemists, environmental engineers, criminal investigators, and financial analysts.
(thousands per year)*
50 - 85
A financial controller is deemed to be a senior role in any organisation so the salary is also high.
The rate of pay typically varies according on the turnover of the company concerned. For example, a financial controller working in the Dublin area for an organisation with an annual turnover of less than €30 million is likely to receive €65,000 a year.
This rises to €75,000 when working with companies in the €30-99 million annual turnover range and €85,000 a year when working for an organisation with an annual turnover of over €100 million.
This rate drops by €5,000 a year if you work in the Cork region and financial controller working in Limerick, Galway and other regions in the West of Ireland tend to earn €15,000 a year less than their Dublin counterparts.
Make the move to financial director and the salary can jump to €130,000 a year.
Last Updated: March, 2016
|* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.|
Oversees accounting and the implementation and monitoring of internal controls in the business.
The Financial Controller, sometimes called Financial Control Officer (FCO), is an accounting and audit expert in a business whose role is to oversee the accounting process and the implementation and monitoring of internal controls, independently from the Chief Accounting Officer (CAO) or the Chief Financial Officer (CFO).
The Financial Controller is the chief accounting officer and heads-up the accounting department. The controller is responsible for the company's financial statements, general ledger, cost accounting, payroll, accounts payable, accounts receivable, budgeting, tax compliance, and various special analyses.
The Financial Controller must deliver accurate monthly reports and maintain rigorous control over the finances of the business, adding value and running efficient business processes.
Becoming Financial Controller is a role that only ambitious, career-driven individuals are likely to achieve. It is also typically just a promotion away from being top of the financial decision making chain.
This is a senior role, so it comes with a high salary, a bonus package and also with respect. You could get the chance to work in some of the world’s largest companies.
Financial Controller roles are available in the hospitality industry for example, in high class hotels or restaurants. A Financial Controller role in the banking sector can be especially lucrative.
Duties vary depending on the size of the company, the complexity of accounting and financial operations and the number of people employed in the accounting department. The Financial Controller provides financial leadership and is instrumental in forming accounting strategies. The role, especially in smaller companies, may include broad visionary responsibilities as well as hands-on management.
Tasks and Responsibilites
Financial Planning and Reporting
There is a huge amount of maths involved in this role - those who love number crunching are likely to succeed. Financial Controllers also need to demonstrate proven research and analytical skills and should be proficient in MS Word and Excel.
Efficiency is a key skill required for the role, which comes with a lot of responsibility. When a business is experiencing a tough time, it will be down to the Financial Controller to make some difficult decisions. Problem solving skills and ability to be solutions-focussed are vital.
It is rare for a Financial Controller to work only the standard office hours, and part-time roles are generally unavailable.
The first step to becoming a Financial Controller is to become a Qualified Chartered Accountant (QCA).
You must be ACA, ACCA, QFA, CFS or CIMA qualified.
5 years of post-qualification experience with at least one years’ experience as a financial controller elsewhere is typically required. Experience with Multinational companies, or with the Big Four firms is highly valued for this job role.
Top jobs seek 7-8 years’ experience managing an accountancy or finance function.To become an apprentice you must be a minimum of 16 years-old and have a D in five Junior Certificate subjects, or the equivalent.
Last Updated: March, 2016
|Organisation:||Chartered Accountants Ireland (CAI)|
|Address:||Chartered Accountants House, 47 - 49 Pearse Street, Dublin 2|
|Tel:||(01) 637 7200|
|This occupation is popular with people who have the following Career Interests... |
...and for people who like working in the following Career Sectors:
|Accountancy & Taxation|
|Banking, Insurance & Financial Services|
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