Table 1Transition record

budget managertofinancial controller

A budget manager already meets 59% of what the financial controller role asks for. The move turns on 5 required skills not yet in the profile.

From budget manager

59%

Overlap1

To financial controller

18 Skills carried over

5 Required, not held

42.3 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 42.3

This move: 42.3 of 100 · moderate

1 Share of the financial controller role’s weighted skill requirement already met by the budget manager profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 18 skills that carry over, these are the ones fewest other occupations ask for. A financial controller role needs them, and most people applying for one will not have them already. This is the part of a budget manager background worth leading with.

Skill the target role also needs Area

already held exert expenditure control management skills
already held explain accounting records management skills
already held inspect government expenditures information skills
already held support development of annual budget management skills
already held evaluate budgets management skills
already held accounting department processes business, administration and law

All 18 carried skills, including the 12 the financial controller role treats as required.

Table 3

Table 3 · What you would need to learn

The 19 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 information skills 4 required, 5 supplementary

required, not held develop financial statistics reports required
required, not held ensure compliance with accounting conventions required
required, not held synthesise financial information required
required, not held track key performance indicators required

optional, not held analyse financial risk optional
optional, not held check accounting records optional
optional, not held manage the general ledger optional
optional, not held prepare financial auditing reports optional
optional, not held prepare tax returns forms optional

02 business, administration and law 1 required, 1 supplementary

required, not held tax legislation required

optional, not held insolvency law optional

03 communication, collaboration and creativity 6 supplementary

optional, not held advise on tax planning optional
optional, not held disseminate information on tax legislation optional
optional, not held draft accounting procedures optional
optional, not held liaise with auditors optional
optional, not held liaise with financiers optional
optional, not held liaise with shareholders optional

04 management skills 2 supplementary

optional, not held manage profitability optional
optional, not held supervise accounting operations optional

Table 4

Table 4 · Where to start

The 3 entries a financial controller role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 18 skills that carry over

Skill Type

already held accounting department processes knowledge
already held analyse financial performance of a company skill
already held create a financial plan skill
already held enforce financial policies skill
already held evaluate budgets skill
already held exert expenditure control skill
already held explain accounting records skill
already held financial department processes knowledge
already held financial statements knowledge
already held follow the statutory obligations skill
already held interpret financial statements skill
already held prepare financial statements skill
already held advise on financial matters skill
already held financial forecasting knowledge
already held inspect government expenditures skill
already held manage budgets skill
already held statistics knowledge
already held support development of annual budget skill

14 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held advise on tax planning optional
optional, not held analyse financial risk optional
optional, not held check accounting records optional
optional, not held disseminate information on tax legislation optional
optional, not held draft accounting procedures optional
optional, not held insolvency law optional
optional, not held liaise with auditors optional
optional, not held liaise with financiers optional
optional, not held liaise with shareholders optional
optional, not held manage profitability optional
optional, not held manage the general ledger optional
optional, not held prepare financial auditing reports optional
optional, not held prepare tax returns forms optional
optional, not held supervise accounting operations optional

26 held skills the financial controller role does not ask for

Skill Type

not needed by the target role accounting techniques knowledge
not needed by the target role advise on public finance skill
not needed by the target role analyse market financial trends skill
not needed by the target role assess financial viability skill
not needed by the target role budgetary principles knowledge
not needed by the target role business management principles knowledge
not needed by the target role company policies knowledge
not needed by the target role control financial resources skill
not needed by the target role corporate social responsibility knowledge
not needed by the target role cost management knowledge
not needed by the target role create a financial report skill
not needed by the target role estimate profitability skill
not needed by the target role financial analysis knowledge
not needed by the target role financial management knowledge
not needed by the target role follow company standards skill
not needed by the target role funding methods knowledge
not needed by the target role integrate strategic foundation in daily performance skill
not needed by the target role liaise with managers skill
not needed by the target role manage staff skill
not needed by the target role monitor charity's budget skill
not needed by the target role monitor financial accounts skill
not needed by the target role oversee the facilities services budget skill
not needed by the target role plan health and safety procedures skill
not needed by the target role public finance knowledge
not needed by the target role review investment portfolios skill
not needed by the target role strive for company growth skill

2 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier

required, not held tax legislation required
optional, not held insolvency law optional

Index

Other moves recorded from budget manager

Full index of moves from budget manager

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.