Career advice
Curated writing from operators, recruiters, and HR leaders — written for people building real careers in HK.
Hong Kong CPAs with financial controller experience can expect to be in demand. Chris Choi, an Institute member, is part of an emerging “flying squad” of financial controllers who parachute into new or distressed companies at the request of private equity firms, risk consultancies and others in need of sound advice.
Former and current financial controllers – as well as those who train and hire them – say a number of factors have made the position a more vital one. They include: • Regulation: The financial controller began to assume greater importance a decade ago, according to research by EY, with the imposition of post-Enron legislation designed to promote transparency. • Globalization: The desire for access to Hong Kong and China by multinational corporations has created more financial controller roles at the regional and group senior levels.
To help meet the demand, the Hong Kong Institute of CPAs is planning to launch a financial controllership course in 2014 to accelerate the transition from auditor to financial controller.
Once middle-level employees who only focused on the numbers, the role of financial controller has become broad and strategic. George W. Russell reports on how the job has changed and how the Institute plans to develop its members’ skills in this challenging field.