Financial Controller, Industrial Plant Salary

The majority of Industrial Plant Financial Controllers in the United States — more than two-thirds — boast more than 10 years of experience in their profession. Salaries stretch from $52K to $140K per year, and the median is $87K annually. Cash earnings for Industrial Plant Financial Controllers — including $24K in bonuses and $19K in profit sharing proceeds near the top of the pay scale — generally stretch from $52K to $140K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by experience level. For the most part, Industrial Plant Financial Controllers enjoy their work and report high levels of job satisfaction. Women are just slightly outnumbered, with male Industrial Plant Financial Controllers making up 54 percent of survey respondents. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. The data for this synopsis comes from respondents who took the PayScale salary survey.

$51,186 - $126,817
$51K
$87K
$130K
MEDIAN: $86,892
10%
50%
90%

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$18.00 - $42.17
$29
MEDIAN: $28.92
50%

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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
$51,186 - $126,817  
   
Bonus
$51.52 - $23,977  
Profit Sharing
$-0.50 - $19,392  
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).
)
$51,930 - $140,207  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 193
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
$28.92  
   
Overtime
$42.94  
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
$51.52 - $23,977  
   
Profit Sharing
$-0.50 - $19,392  
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).
)
$51,930 - $140,207  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 9

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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

  • 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.
  • 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.

Common Career Paths for Financial Controller, Industrial Plant


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At the upper end, Industrial Plant Financial Controllers who move into a VP of Finance or Chief Financial Officer role can end up with a hefty increase in pay. The average income for VPs of Finance and Chief Financial Officers is a much higher $145K per year. An Industrial Plant Financial Controller may also move into a role as a Chief Financial Officer or a Plant Controller.

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Popular Skills for Financial Controller, Industrial Plant


Industrial Plant Financial Controllers report using a pretty varied skill set on the job. Most notably, skills in Budgeting, Cost Accounting, Financial Analysis, and Financial Reporting are correlated to pay that is above average, with boosts between 3 percent and 17 percent. Skills that pay less than market rate include Microsoft Word, Windows Operating System General Use, and Microsoft Office. Most people familiar with Financial Applications also know Accounts Payable and Financial Analysis. Most people who know Microsoft Excel also know Financial Analysis and Accounts Payable.

Pay by Experience Level for Financial Controller, Industrial Plant

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


For Industrial Plant Financial Controllers, experience does not seem to be a major factor in determining pay. Salaries for inexperienced workers average out to $79K, and those with five to 10 years' experience earn a higher median of $72K. On average, Industrial Plant Financial Controllers make $94K following one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $97K, but it's not much more than what less experienced people make.

Related Job Salaries

Key Stats for Financial Controller, Industrial Plant

Gender

Female
46 %
Male
54 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.
Less than 1 year
0%
1-4 years
11%
5-9 years
17%
10-19 years
36%
20 years or more
36%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Controller, Industrial Plant Salaries

▲7%

▲4%

National Average
$90,000

▼12%

▼20%

Skills That Affect Financial Controller, Industrial Plant Salaries

Budgeting
▲17%



Financial Reporting
▼0%

National Average
$90,000





Windows Operating System General Use
▼13%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
0%
1-4 years
11%
5-9 years
17%
10-19 years
36%
20 years or more
36%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 74%
vision benefits
Vision: 61%
dental benefits
None: 11%
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