Private-equity backed controllership is a rigorous, demanding role, particularly if it’s your first time stepping into this more senior finance leadership role — and even more so if you haven’t yet worked in a PE-backed environment. Read on to learn about:
- What makes controllership in a PE-backed environment unique
- Technical skills that contribute to excellent controllership
- Behaviors that controllers should hone and practice for long-term success in private equity
The Concrete Skills You’ll Need
In private equity, controllership is a dynamic, strategic, and forward-looking role. As a member of the senior leadership team, controllers will be responsible not only for financial accounting and reporting but also for driving the strategy and profitable growth of the business.
Some of the most prominent technical skills a controller needs include:
- Proficiency in all aspects of accounting and analysis. This includes strong understanding of GAAP (Generally Accepted Accounting Principles), as well as cash flow and cash position management
- Experience installing and improving financial and operational reporting and controls
- Day-to-day financial operations expertise: leading monthly closing processes, maintaining financial integrity, cash management, tracking and managing reports for ARR (annual recurring revenue), AR (accounts receivable),
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