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Career and Education Opportunities for Comptrollers in Birmingham, Alabama

There is a wide variety of career and education opportunities for comptrollers in the Birmingham, Alabama area. There are currently 5,530 jobs for comptrollers in Alabama and this is projected to grow 13% to about 6,250 jobs by 2016. This is better than the national trend for comptrollers, which sees this job pool growing by about 7.7% over the next eight years. In general, comptrollers direct financial activities, such as planning, procurement, and investments for all or part of an organization.

Comptrollers earn about $41 hourly or $85,440 per year on average in Alabama and about $47 hourly or $99,330 yearly on average nationally. Compared with people working in the overall category of Financial, people working as comptrollers in Alabama earn less. They earn more than people working in the overall category of Financial nationally. Comptrollers work in a variety of jobs, including: financial institution treasurer, trust officer, and bookkeeper.

There are fifteen schools of higher education in the Birmingham area, including three within twenty-five miles of Birmingham where you can get a degree to start your career as a comptroller. Comptrollers usually hold a Master's degree, so you can expect to spend about six years training to become a comptroller if you already have a high school diploma, or just 2 years starting with a Bachelor's degree.

CAREER DESCRIPTION: Comptroller

In general, comptrollers direct financial activities, such as planning, procurement, and investments for all or part of an organization.

Comptrollers maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards. They also ready or direct preparation of financial statements, business activity reports, financial position forecasts or reports required by regulatory agencies. Equally important, comptrollers have to design internal control policies and processes for efforts such as budget administration, cash and credit management, and accounting. They are often called upon to advise management on short-term and long-term financial objectives and actions. They are expected to receive and authorize requests for disbursements in accordance with company policies and procedures. Finally, comptrollers analyze the financial specifics of past and expected operations to pinpoint development opportunities and areas where improvement is needed.

Every day, comptrollers are expected to be able to evaluate problems as they arise. They need to articulate ideas and problems. It is also important that they read and understand documents and reports.

It is important for comptrollers to monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions. They are often called upon to evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations. They also decide on depreciation rates to apply to capitalized items and advise management on actions regarding the purchase or disposal of such items. They are sometimes expected to ready and file annual tax returns or ready financial data so that outside accountants can complete tax returns. Somewhat less frequently, comptrollers are also expected to supervise employees performing financial reporting and budgeting duties.

Comptrollers sometimes are asked to perform tax planning work. And finally, they sometimes have to decide on depreciation rates to apply to capitalized items and advise management on actions regarding the purchase or disposal of such items.

Like many other jobs, comptrollers must have exceptional integrity and believe in cooperation and coordination.

Similar jobs with educational opportunities in Birmingham include:

  • Administrator. Plan, direct, or coordinate supportive services of an organization, such as recordkeeping, mail distribution, telephone operator/receptionist, and other office support services. May oversee facilities planning and maintenance and custodial operations.
  • Banking Manager. Direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.
  • Chief Executive Officer. Determine and formulate policies and provide the overall direction of companies or private and public sector organizations within the guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

EDUCATIONAL OPPORTUNITIES: Comptroller Training

Herzing College - Birmingham, AL

Herzing College, 280 West Valley Ave, Birmingham, AL 35209. Herzing College is a small college located in Birmingham, Alabama. It is a private for-profit school with primarily 4-year or above programs. It has 314 students and an admission rate of 82%. Herzing College has a bachelor's degree program in Accounting and Business/Management which graduated four students in 2008.

University of Montevallo - Montevallo, AL

University of Montevallo, Station 6001, Montevallo, AL 35115-6000. University of Montevallo is a small university located in Montevallo, Alabama. It is a public school with primarily 4-year or above programs. It has 3,030 students and an admission rate of 78%. University of Montevallo has a bachelor's degree program in Finance which graduated fourteen students in 2008.

University of Alabama at Birmingham - Birmingham, AL

University of Alabama at Birmingham, Administration Bldg Suite 1070, Birmingham, AL 35294-0110. University of Alabama at Birmingham is a large university located in Birmingham, Alabama. It is a public school with primarily 4-year or above programs. It has 16,149 students and an admission rate of 85%. University of Alabama at Birmingham has a bachelor's degree program in Finance which graduated seven students in 2008.

CERTIFICATIONS

Chartered Property Casualty Underwriter: More than 65,000 people have earned the CPCU professional designation.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Associate in Risk Management: The Insurance Institute of America's newly revised Associate in Risk Management (ARM) designation program will teach your employees the practical, relevant skills they need to help manage risk at all levels of your company.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Associate in Insurance Services: The Associate in Insurance Services program is a nationally recognized educational program designed specifically for insurance personnel.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Associate in Risk Management for Public Entities: The Insurance Institute of America's newly revised Associate in Risk Management (ARM) designation program will teach your employees the practical, relevant skills they need to help manage risk at all levels of your company.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Risk Management for Public Entities: Understand the unique nature of the public sector.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Manager of Quality/Organizational Excellence: The Certified Manager of Quality/Organizational Excellence is a professional who leads and champions process-improvement initiatives’ everywhere from small businesses to multinational corporations’ that can have regional or global focus in a variety of service and industrial settings.

For more information, see the American Society for Quality website.

Certified Treasury Professional Associate: We recognize the accomplishments of these full-time students who successfully completed the Corporate Treasury Management program at their college/university and passed the CTP exam to earn the Certified Treasury Professional Associate credential.

For more information, see the Association for Financial Professionals website.

Certification in Distressed Business Valuation: The Certification in Distressed Business Valuation (CDBV) is a unique valuation certification program designed to train and accredit professionals who value distressed assets, including distressed and/or bankrupt companies.

For more information, see the Association of Insolvency and Restructuring Advisors website.

Certified Bank Auditor: The purpose of BAI Center for Certification - Certified Bank Auditor® (CBA) Continuing Professional Education (CPE) Program is to promote professional development and to provide a means for recognizing CBAs to keep current with industry changes or furthering their own development in banking, technology, auditing, or other disciplines that contribute to a CBA?s growth and development.

For more information, see the BAI Center for Certification website.

CIAC-Certified Strategic Leader: The Strategic Leader designation is applicable to executives who are responsible for the leadership and strategic management of a contact center.

For more information, see the Call Center Industry Advisory Council website.

Certified Financial Planner: The CFP certification process, administered by CFP Board, identifies to the public that those individuals in the U.

For more information, see the Certified Financial Planner Board of Standards, Inc. website.

Business and Employer Services - Professional Certification: Professional certification exam for Business and Employer Services in workforce development.

For more information, see the Dynamic Works Institute website.

International Certificate in Banking Risk and Regulation: The role of risk management is becoming more important as both banks and supervisors around the world increasingly recognize that sound risk management practices are vital, not only for the success of individual banks, but also for the banking system as a whole.

For more information, see the Global Association of Risk Professionals website.

Certified Lender Business Banker: Applicable to financial services professionals whose primary function and expertise focuses on the provision of credit and financial transaction services to businesses and/or corporations.

For more information, see the Institute of Certified Bankers website.

Certified Personal Banker: Applicable to financial services professionals who have completed the AIB Personal Banking Diploma and who function as personal bankers.

For more information, see the Institute of Certified Bankers website.

Certified Funds Specialist: The CFS 60-hour program provides the practitioner with everything needed to select the right fund for any given situation.

For more information, see the Institute of Certified Fund Specialists website.

Certified Manager: Certified Manager certification is valued for the credibility and recognition it brings to managers and the organizations for which they work.

For more information, see the Institute of Certified Professional Managers website.

Certified Investment Management Analyst: The CIMA offers an intense educational experience focusing on asset allocation, manager search and selection, investment policy and performance measurement.

For more information, see the Investment Management Consultants Association website.

Certified Mortgage Banker: The Certified Mortgage Banker (CMB) designation is the industry standard of professional success.

For more information, see the Mortgage Bankers Association of America website.

Program Management Professional: Project Management Institute's newest credential is specifically developed to acknowledge the qualifications of the professional who leads the coordinated management of multiple projects and ensures the ultimate success of a program.

For more information, see the Project Management Institute website.

Certified Securities Processing Specialist: The SOI Certifications are awarded in Securities Operations and one or more concentration areas.

For more information, see the Securities Operations Forum website.

Accredited Valuation Analyst: The primary goal of AVA certification is to provide you with information that will serve as a solid foundation for your professional valuation endeavors, whether or not you plan to pursue a designation.

For more information, see the The National Association of Certified Valuation Analysts website.

Certified Financial Forensic Analyst: The Certified Forensic Financial Analyst (CFFA) credential is designed to provide assurance to the legal community-the primary users of litigation support services-the designee possesses a level of experience and knowledge deemed acceptable by the Association to provide competent and professional forensic financial support services.

For more information, see the The National Association of Certified Valuation Analysts website.

LOCATION INFORMATION: Birmingham, Alabama

Birmingham, Alabama
Birmingham, Alabama photo by Eric_in_SF

Birmingham is located in Jefferson County, Alabama. It has a population of over 228,798, which has shrunk by 5.8% over the last ten years. The cost of living index in Birmingham, 81, is well below the national average. New single-family homes in Birmingham cost $187,300 on average, which is well above the state average. In 2008, one hundred thirty-two new homes were built in Birmingham, down from two hundred thirty-two the previous year.

The top three industries for women in Birmingham are health care, educational services, and finance and insurance. For men, it is construction, accommodation and food services, and health care. The average travel time to work is about 24 minutes. More than 18.5% of Birmingham residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.6%, is lower than the state average.

The unemployment rate in Birmingham is 12.5%, which is greater than Alabama's average of 10.7%.

The percentage of Birmingham residents that are affiliated with a religious congregation, 60.1%, is more than both the national and state average. Williams Chapel Christian Methodist Episcopal Church, Westminister Presbyterian Church and West End Methodist Church are all churches located in Birmingham. The most common religious groups are the Southern Baptist Convention, the United Methodist Church and the Catholic Church.

Birmingham is home to the Mineral Park Municipal Golf Course and the Cooper Green Golf Course as well as Avondale Mills Park and Smithfield Historic District. Shopping malls in the area include Acipco Shopping Center, Altadena Square Shopping Center and Parkway East Huffman Shopping Center. Visitors to Birmingham can choose from Marriott Hotel Birmingham, Rime Garden Extended Stay Suites and Studioplus for temporary stays in the area.