What You Need to Know About Hiring Your First Controller
My practice specializes in recruiting for the top financial position for Canadian, mid-market, primarily owner-managed companies. I work with companies as small as $5MM in revenue and companies as large as $300MM in revenue. If I had to pick the sweet spot of my market, where more than 70% of my searches come from, it’s companies with revenues in the range of $50MM–$150MM.
Companies come to me to fill their top financial spot for one of four reasons:
- A well-regarded incumbent is leaving – often due to retirement.
- They want to replace an underperforming incumbent.
- They’re upgrading the top finance position from Controller to Director of Finance or VP Finance.
- They’re hiring their very first qualified professional to head up the finance function.
If it’s reason number 4 – they’re hiring their very first qualified professional to head of finance, most of the time the company will want to hire a Controller.