In private equity, the controller’s role goes far beyond accounting.
Controllers are senior leaders responsible for managing a company’s accounting operations and financial reporting. But in a PE-backed environment, the list of requirements grows substantially, from delivering accurate reporting under compressed timelines to becoming key value creation drivers.
Whether you’re a first-time controller, a controller looking to refine their skills on the path to the CFO seat, or looking to hire a high-performing controller, it’s essential to understand what drives success in PE-backed controllership roles.
What Sets Private Equity-Backed Controllership Roles Apart
Controllership in a PE-backed environment is defined by a constant focus on value creation and exit readiness, with future valuations always top of mind in day-to-day operations. A PE-backed controller’s top priorities are to drive EBITDA growth, improve margins, and maintain clean, accurate financial data to support a compelling exit story.
Read more: Tips for Cutting Costs in PE-Backed Companies
PE is a deeply strategic environment where controllers will often partner directly with their CFO to deliver on the investment thesis. PE-backed controllers are more likely to focus on operational efficiency, cost savings and business growth, while controllers outside of PE often emphasize cost-cutting alone. According to a recent EY report, only 45% of PE-backed controllers see themselves as proactive value creators, despite this being a rising expectation from sponsors.
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