At some point, keeping track of accounting, following financial rules, and planning for the future can be too much to manage alone. That’s when hiring a financial controller can really help.
However, hiring one isn’t a one-size-fits-all decision.
Businesses have multiple options: hiring an in-house financial controller, engaging a fractional controller for part-time support, or outsourcing the function to an external provider. The right choice depends on your company's size, budget, and operational complexity.
In this guide, we’ll explore these options, what to look for in a financial controller, and how to navigate the hiring process effectively.
The Role of a Financial Controller
A financial controller helps keep a business financially stable by managing accounting, tracking money flow, and ensuring compliance with regulations. Acting as the link between daily finances and big-picture decisions, they help businesses stay on track and operate smoothly.
In larger businesses, financial controllers take on broader responsibilities, including cash flow management, risk assessment, and financial forecasting.
This role is evolving, with 86% of financial controllers expecting significant changes in their responsibilities in the coming years. According to a 2024 EY report, there is a growing shift toward strategic value creation, data-driven decision-making, and increased reliance on technology.
In-House Financial Controller
Hiring an in-house financial controller means bringing a full-time professional into your business. This option is best suited for companies with complex financial operations, multiple revenue streams, or ambitious growth plans.
Advantages of an In-House Financial Controller:
- Deep Institutional Knowledge: Being fully embedded in the company enables a thorough understanding of business operations and culture.
- Immediate Availability: On-site presence ensures that financial challenges can be addressed promptly.
- Long-Term Stability: A dedicated employee grows with the company, fostering consistency in financial strategy and execution.
Considerations:
- Cost: The salary for a financial controller can be significant. Based on a 2025 Glassdoor salary guide, the estimated total pay for a financial controller in the UK is £68,643 per year, with an average salary of £61,063 per year.
- Employment Obligations: A full-time hire comes with additional costs, including sick pay, holiday pay, and pension contributions.
- Scalability Challenges: Unlike outsourced financial controllers that can scale up or down based on demand, an in-house hire may require additional team members or training as responsibilities expand.
- Risk of Errors: If a mistake occurs, the company bears full responsibility, which can lead to financial and compliance risks. A single miscalculation or oversight could have significant business implications.
Fractional Financial Controller
A fractional financial controller works part-time, typically serving multiple businesses. Ideal for companies that need high-level financial oversight but not on a full-time basis.
Benefits of a Fractional Financial Controller:
- Cost-Effective: Provides expertise without the financial commitment of a full-time salary.
- Scalability: Hours and responsibilities can be adjusted as the business grows.
- Specialist Knowledge: Many fractional controllers bring experience from diverse industries, offering valuable insights.
Considerations:
- Limited Availability: As they work with multiple clients, response times may vary.
- Less Integration: They may not develop the same level of deep company knowledge as an in-house hire.
Outsourced Financial Controller
Outsourcing financial control functions involves hiring an external company or consultant as a remote financial controller to handle financial oversight. This is an attractive option for businesses that need expertise without the overhead of hiring internally.
As financial roles continue evolving, outsourcing is becoming more viable. A 2025 industry report found that 68% of controllers now favor hybrid work environments, an 8% increase from 2024.
Benefits of an Outsourced Financial Controller:
- Access to a Team: Many providers offer a team of professionals with a broad skill set.
- Reduced Overhead Costs: No need to pay employee benefits or provide office space.
- Up-to-Date Expertise: External companies often stay ahead of regulatory changes and best practices.
Considerations:
- Data Security: Sharing sensitive financial information requires robust contracts and confidentiality agreements.
- Communication Barriers: Time zones and external workflows may create delays in urgent situations.
What to Look for in a Financial Controller
Regardless of the hiring model, a strong financial controller should possess a mix of technical expertise, leadership skills, and industry knowledge. Key attributes to look for include:
- Accounting and Compliance Expertise: Proficiency in financial reporting, regulatory requirements, and tax planning.
- Strategic Thinking: Ability to contribute to business growth through financial insights and risk management.
- Technology Proficiency: Familiarity with financial management software, ERP systems, and automation tools.
- Communication and Leadership: Capacity to liaise with executive teams, investors, and auditors effectively.
- Attention to Detail: Precision in financial data management and compliance.
The role of financial controllers is evolving rapidly. In 2025, 63% of financial controllers plan to implement AI solutions, up from 51% in 2024, highlighting a growing focus on automation and efficiency.
Businesses should look for professionals who go beyond traditional financial responsibilities like value protection and optimisation.
Steps to Hiring the Right Financial Controller
1. Define Your Business Needs
Start by assessing the scope of work required. Do you need someone to manage financial reporting and compliance, or are you looking for a strategic partner who can drive financial planning and forecasting?
2. Choose the Right Hiring Model
Consider your business size, budget, and long-term needs to determine whether an in-house, fractional, or outsourced controller is the best fit.
3. Conduct a Thorough Search
Use professional networks, recruitment agencies, and job platforms to source candidates. LinkedIn, Institute of Chartered Accountants in England and Wales (ICAEW), and specialist recruitment businesses can be valuable resources.
4. Screen and Interview Candidates
Assess technical expertise, industry experience, and cultural fit. Ask about their experience in managing financial transformations, handling audits, or implementing new accounting systems.
5. Establish Clear Expectations
For outsourced or fractional controllers, formalise contracts that outline deliverables, communication protocols, and confidentiality agreements.
How Sanay Can Help
At Sanay, we specialise in financial controlling and outsourced finance functions for businesses in all growing sectors.
For companies that need expert financial oversight without the cost of a full-time hire or want to streamline finance operations, our team provides tailored solutions that drive efficiency and support growth at every stage.
Get in touch with Sanay today to discuss how we can support your financial goals.
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