Financial Controller, Industrial Plant Salary

Industrial Plant Financial Controllers in the United States tend to have a good amount of experience under their belt — two in three have more than 10 years in the field. While pay runs from $51K to $127K per year, median earnings come to $79K annually. Final cash compensation to Industrial Plant Financial Controllers varies from around $51K to approximately $127K; choice pay grades include potential for bonuses and profit sharing as high as $21K and $15K, respectively. Men make up a slight majority of Industrial Plant Financial Controllers (50 percent) who responded to the survey. Medical benefits are awarded to most, and a majority earn dental coverage. The majority of Industrial Plant Financial Controllers claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$51,026 - $113,408
(Median)
$51K
$79K
$110K
MEDIAN: $79,249
10%
50%
90%

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$13.40 - $38.49
(Median)
$13
$22
$38
MEDIAN: $21.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$51,026 - $113,408  
   
Bonus
$0.50 - $21,298  
Profit Sharing
$0.00 - $14,950  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$50,623 - $127,225  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 356
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$13.40 - $38.49  
   
Overtime
$0.00 - $47.35  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.50 - $21,298  
   
Profit Sharing
$0.00 - $14,950  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$50,623 - $127,225  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 22
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Job Description for Financial Controller, Industrial Plant

Financial controllers of industrial plants are responsible for overseeing daily financial processes and records for their organization, including performing tasks such as bookkeeping or accounting. They analyze financial financial information, prepare and analyze budgets, develop financial goals and quotas, and organize efficient and productive cash flow. Additionally, financial controllers must track and record costs of operations and make decisions in response to current financial conditions.

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Financial Controller, Industrial Plant Tasks

  • Ensure policies and procedures are in compliance with professional standards, state and federal regulatory requirements.
  • Establish and maintain internal controls to support the financial infrastructure.
  • Present financial reporting and potential risk areas to senior management.
  • Oversee accounting, financial reporting, analysis and preparation of the consolidated financial statements, including schedules for tax compliance.

Common Career Paths for Financial Controller, Industrial Plant


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Though it's uncommon, some Industrial Plant Financial Controllers move into roles as VPs of Finance and Chief Financial Officers, where pay is an average $144K per year. Career advancement for the typical Industrial Plant Financial Controller often leads to becoming a Chief Financial Officer or a Finance Director; median salaries in these positions are $41K higher and $22K higher, respectively.

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Popular Skills for Financial Controller, Industrial Plant


Industrial Plant Financial Controllers seem to require a number of specific skills. Fortunate workers who know Budgeting can expect a significant pay bump, scoring salaries 30 percent above average. Skills that seem to negatively impact pay include Accounts Payable, Microsoft Word, and Microsoft Office. Those educated in Financial Applications tend to be well versed in Accounts Payable and Financial Analysis.

Pay by Experience Level for Financial Controller, Industrial Plant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Respondents with less than five years' experience take home $63K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $77K. On average, Industrial Plant Financial Controllers make $88K following one to two decades on the job. Survey participants with more than twenty years of experience only make around $86K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

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Experience Affects Financial Controller, Industrial Plant Salaries



National Average
$81,000



Skills That Affect Financial Controller, Industrial Plant Salaries

Budgeting
up arrow 30%

Cost Accounting
up arrow 3%

Financial Applications
0%

Financial Reporting
0%

National Average
$81,000

Microsoft Excel
up arrow 1%

Financial Analysis
up arrow 1%

Windows Operating System General Use
up arrow 4%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
1%
1-4 years
14%
5-9 years
19%
10-19 years
36%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 69%
medical benefits
Vision: 55%
dental benefits
None: 13%
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