Assistant Controller Salary
With one-half of Assistant Controllers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Assistant Controllers is $70K per year and can range from $46K on the lower end to $111K per year near the higher end. Cash earnings for Assistant Controllers — including $15K in bonuses and $10K in profit sharing proceeds near the top of the pay scale — generally stretch from $46K to $111K depending on individual performance. Location and experience level each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. The majority of Assistant Controllers (63 percent) who took the survey are female. For the most part, Assistant Controllers enjoy their work and report high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Job Description for Assistant Controller
An assistant controller manages day-to-day accounts activities and often oversees any internal auditing. The assistant controller must have a good working knowledge of financial regulations to ensure that the finance department is working within those parameters. It is expected that the assistant controller is a good leader and manager, as they usually help develop their team and advise their superiors. Assistant controllers are responsible for the accuracy of data in accounts, and they must ensure that all of their counts maintain integrity. They also may be responsible for the budget and for allocating resources as necessary; this includes creating reports and overseeing the annual budget and presenting it to their superiors. The assistant controller will often report to the company’s chief executive officer or chief financial officers, in addition to other supervisors they may have.Read More...
This position can be found in many different companies with a finance department, and it is expected that one is familiar with the work that company does. For this reason, industry-specific experience often is required for this job. Most assistant controller positions require a degree in finance or accounting. This position is not entry level, and experience is generally required in a role that focuses on accounting and has some supervisory elements.
Assistant Controller Tasks
- Assist in the preparation and reporting of financial statements for an organization.
- Review and edit statements to align with business requirements and industry standards.
Common Career Paths for Assistant Controller
Though some Assistant Controllers move into positions like Chief Financial Officer (where the average salary is $123K), this progression is not the norm. Assistant Controllers typically move into roles as Financial Controllers or Corporate Controllers, and those positions pay $7K more and $23K more, respectively.
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Popular Skills for Assistant Controller
Assistant Controllers seem to require a rather large skill set. Most notably, skills in Budgeting, Financial Analysis, Financial Reporting, and Financial Applications are correlated to pay that is above average, with boosts in pay of 7 percent. Skills that are correlated to lower pay, on the other hand, include Human Resources, Accounts Receivable, and Quickbooks. Most people skilled in Financial Analysis are similarly competent in Month-End Close.
Pay by Experience Level for Assistant Controller
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Salaries of relatively inexperienced workers fall in the neighborhood of $60K, but folks who have racked up five to 10 years see a notably higher median of $73K. The average pay reported by folks with 10 to 20 years of experience is around $77K. Assistant Controllers who have stuck around for more than two decades see earnings that are no higher than those of folks who have worked for 10 to 20 years.
Pay Difference by Location
Assistant Controllers will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 43 percent. Assistant Controllers will also find cushy salaries in Washington (+32 percent), New York (+27 percent), Denver (+24 percent), and Los Angeles (+24 percent). The lowest-paying market is Miami, which sits 14 percent below the national average. Workers in Seattle and Salt Lake City earn salaries that trail the national average for those in this profession (7 percent less and 3 percent less, respectively).
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