Assistant Controller (Financial) Salary
Job Description for Assistant Controller (Financial)
An assistant controller is responsible for managing the finances of an organization. Usually reporting to a controller, the assistant controller is part of a supervisory team that oversees an organization's accounting and bookkeeping. Assistant controllers are needed in any large organization that has a significant budget. Jobs for assistant controllers can be found in private industry, as well as in federal, state, and city governments, in hospitals and clinics, and in non-profit organizations.Read More...
The central focus of an assistant controller's job is to analyze and track an organization's income and expenditures, as well as ensure compliance with regulations and tax laws. Daily duties for assistant controllers vary by industry, but commonly include financial planning, payroll management, bookkeeping, preparation of financial statements (such as balance sheets and quarterly reports), preparing and submitting tax forms, Securities & Exchange Commission reporting, inventory accounting, and closing journal entries. In smaller organizations, the assistant controller may also be asked to perform data entry.
Generally a minimum of a bachelor's degree in finance or accounting is required for these positions, possibly with a Certified Public Accountant (CPA) license. For certain industries, such as healthcare, employers may also ask for experience with that particular industry. Strong mathematics skills, interpersonal communication skills, and the ability to prepare detailed reports are a must. Familiarity with commonly used financial software is also required.
Assistant controllers generally work during regular business hours in an office setting, although many positions require some travel.
Assistant Controller (Financial) Tasks
- Review and edit statements to align with business requirements and industry standards.
- Assist in the preparation and reporting of financial statements for an organization.
Common Career Paths for Assistant Controller (Financial)
Assistant Financial Controllers may experience a large salary bump if they progress into a role such as VP of Finance. The latter position pays an average of $138K annually. An Assistant Financial Controller often moves on to become a Financial Controller or an Assistant Controller.
Assistant Controller (Financial) Job Listings
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Popular Skills for Assistant Controller (Financial)
Survey results imply that Assistant Financial Controllers deploy a substantial tool kit of skills at work. Most notably, skills in Financial Analysis, Financial Applications, Microsoft Excel, and Financial Reporting are correlated to pay that is above average. Those listing Month-End Close as a skill should be prepared for drastically lower pay. Windows Operating System General Use and Payroll Administration also typically command lower compensation. Most people experienced in Financial Analysis also know Microsoft Excel and Accounts Payable.
Pay by Experience Level for Assistant Controller (Financial)
Median of all compensation (including tips, bonus, and overtime) by years of experience.
More years of relevant experience do not necessarily translate to higher paychecks. The average beginner in this position makes around $53K, but folks who have been around for five to 10 years see a markedly higher median salary of $66K. Assistant Financial Controllers see a median salary of $71K after reaching one to two decades on the job. Assistant Financial Controllers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $73K.
Pay Difference by Location
Denver offers some of the highest pay in the country for Assistant Financial Controllers, 43 percent above the national average. Assistant Financial Controllers will also find cushy salaries in Houston (+36 percent), New York (+27 percent), Portland (+27 percent), and San Francisco (+25 percent). Assistant Financial Controllers in Miami make 36 percent less than the national average, proving that location is a major factor in pay. Not at the bottom but still paying below the median are employers in Louisville and Salt Lake City (14 percent lower and 5 percent lower, respectively).