Assistant Controller Salary
More than half of Assistant Controllers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $45K to $110K per year, and the average comes out to $70K per year. Final cash compensation to Assistant Controllers varies from around $45K to approximately $110K; choice pay grades include potential for bonuses and profit sharing as high as $15K and $10K, respectively. Geography and career length 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. Female Assistant Controllers are more common than men among those who completed the survey; more than half (64 percent) are women. Job satisfaction is reported as high by the vast majority of workers. Participants in PayScale's salary questionnaire provided the particulars of this report.
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.
Assistant Controller (Financial) Job Listings
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Popular Skills for Assistant Controller
Survey results imply that Assistant Controllers deploy a substantial tool kit of skills at work. Most notably, skills in Budgeting, Financial Analysis, Financial Applications, and Financial Reporting are correlated to pay that is above average, with boosts in pay of 7 percent. At the other end of the pay range are skills like Human Resources, Accounts Receivable, and Quickbooks. Most people who know Financial Analysis also know Month-End Close.
Pay by Experience Level for Assistant Controller
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Those in the early stages of their career can expect to make around $60K; however, individuals with five to 10 years of experience bring in $72K on average — a distinctly larger sum. On average, Assistant Controllers make $77K following one to two decades on the job. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $76K on average.
Pay Difference by Location
With a pay rate for Assistant Controllers that is 41 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Assistant Controllers will also find cushy salaries in New York (+25 percent), Denver (+22 percent), Houston (+20 percent), and Boston (+20 percent). Those in the field find the lowest salaries in Miami, 14 percent below the national average. Seattle and Salt Lake City are a couple other places where companies are known to pay below the median — salaries are 8 percent lower and 6 percent lower, respectively.