Career advice
Curated writing from operators, recruiters, and HR leaders — written for people building real careers in HK.
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.
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.
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.
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.
Becoming a financial controller can be a springboard to a management position. Finance directors and higher executives increasingly rely on financial controllers to assume responsibility for internal finances.
“Being interactive is one of the basic requirements for an accountant engaged in advisory services, like myself,” says Eugene Ha, a partner at Grant Thornton and a Hong Kong Institute of CPAs member. “Making connections with clients, intermediaries and the wider business community is part of what I do every day. It’s fortunate that I am quite a natural talker as well, with an outgoing personality. Networking is in fact an enjoyable role to me.” Here are a networking natural’s top tips for making new connections. DO…