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The International Controller or VP of International Finance typically reports to the CFO or Corporate Controller.  This function is responsible for overseeing all of the finance and accounting activities of the company at the country and regional level.

The International Controller directs the activities of the country and regional controllers, including financial accounting, management reporting, budgeting, forecasting, payroll and benefits administration, accounts receivable, accounts payable, fixed asset accounting, inventory management, treasury management, banking relations, funding, local statutory audits and local tax compliance, to name a few.

The Controllership function is much more than just accounting.  Rather than serving as a rear view mirror that only provides information about historical performance, the Controller should act as the headlights of the operation, utilizing financial and operational information  to anticipate the current and future needs of the company to drive action which will improve the operating results and maximize the bottom line.

The International Controller acts as a business partner to the regional and country general managers, ensuring that the financial impact of alternative courses of action are understood by the operational  managers of the business, so that business objectives and financial targets can be successfully aligned globally.

The International Controller is essentially the CFO for all of the international matters of the company.

To understand the benefits of outsourcing the International Controllership role click on Why The IFC Group?.