The Controller / Business Manager is responsible for the financial condition of the dealership, and directing the overall financial planning, budgeting and accounting practices.
As with all positions within dealerships, controller / business managers are expected to uphold the highest ethical standards.
Job duties for a controller / business manager include:
- Overseeing the financial and accounting system and personnel.
- Preparing monthly budgets and financial statements.
- Forecasting financial goals for each quarter to maintain the dealership’s profitability.
- Processing all insurance claims and liability insurance.
- Reviewing all financial statements and ledgers, and working with the accounting staff to clear up any discrepancies.
- Preparing all taxes and filing forms with the government.
- Meeting with the department managers regularly to go over business matters and develop plans to increase profitability.
Most controllers must have a minimum of five to seven years of relevant experience. Controllers should have strong communications, customer service, leadership and organizational skills.
Proficiency with Microsoft Office applications, or the equivalent, is expected and familiarity with additional accounting software programs is valued.
A high school degree or equivalent is required and an accounting or business administration degree is preferred. Courses in mathematics, business and accounting are beneficial. Some dealerships may require a Certified Public Accountant (CPA).
Controllers can progress through the levels of the accounting department to become a controller / business manager. They may advance to general manager with the proper experience and understanding of all aspects of a dealership.
The average annual earnings of controller / business manager are approximately $65,000 to $120,000. Earnings vary depending on experience, and the dealer’s geographic location and size.
Some dealerships, especially larger ones, may pay bonuses and have special incentive programs for exceeding sales quotas.
Benefits vary by employer, but most dealerships health insurance, retirement plans and other benefit options to employees. Talk with the specific dealer human resource manager about benefit packages.
This job description has been provided as reference only and portions of it’s content is credited to Auto Careers Today.