Industrial Plant Financial Controllers who are practiced in their profession and carry more than 10 years of experience make up close to two-thirds of Industrial Plant Financial Controllers. Pay fluctuates from $50K to $134K per year, but expected earnings average $83K annually. In the world of Industrial Plant Financial Controllers, overall cash allowance can occasionally include more than $22K from bonuses and, in some exceptional cases, $13K from profit sharing, causing incomes to vary widely between $50K and $134K. Location is the biggest factor affecting pay for this group, followed by career duration. Women make up a slight majority of Industrial Plant Financial Controllers (53 percent) survey respondents. Most enjoy medical while the greater part get dental coverage. Vision coverage is also available to a majority. For the most part, Industrial Plant Financial Controllers enjoy their work and report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.

$50,041 - $122,339
(Median)
$50K
$83K
$120K
MEDIAN: $83,261
10%
50%
90%

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$10.14 - $47.34
(Median)
$10
$28
$47
MEDIAN: $28.00
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
$50,041 - $122,339  
   
Bonus
$146.81 - $21,852  
Profit Sharing
$0.00 - $12,500  
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).
)
$50,301 - $133,953  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 211
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
$10.14 - $47.34  
   
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
$146.81 - $21,852  
   
Profit Sharing
$0.00 - $12,500  
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).
)
$50,301 - $133,953  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 11
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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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Industrial Plant Financial Controllers' salaries may rise greatly for those who assume a higher-end position such as a VP of Finance or Chief Financial Officer. The average VP of Finance or Chief Financial Officer brings home $145K per year. When Industrial Plant Financial Controllers are ready for the next step in their careers, they often become Chief Financial Officers or Plant Controllers. Those roles pay an additional $36K and $3K, respectively.

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Popular Skills for Financial Controller, Industrial Plant


Survey results show that Industrial Plant Financial Controllers use a fair number of skills. Most notably, facility with Budgeting, Cost Accounting, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 22 percent, 6 percent, and 4 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Windows Operating System General Use, Microsoft Office, and Microsoft Word. Those proficient in Financial Applications are, more often than not, also skilled in Accounts Payable and Financial Analysis. People who know Microsoft Excel usually 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.


Industrial Plant Financial Controllers with a lot of experience do not necessarily enjoy more money. The average beginner in this position makes around $70K, but folks who have been around for five to 10 years see a markedly higher median salary of $80K. Industrial Plant Financial Controllers bring in $91K after working for 10 to 20 years. More than 20 years of experience mean a somewhat bigger median paycheck of $92K, but it's not much more than what less experienced people make.

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Experience Affects Financial Controller, Industrial Plant Salaries



National Average
$87,000



Skills That Affect Financial Controller, Industrial Plant Salaries

Budgeting
up arrow 22%


Financial Analysis
up arrow 4%

Financial Applications
0%

National Average
$87,000

Financial Reporting
up arrow 1%

Microsoft Excel
up arrow 2%




Windows Operating System General Use
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
0%
1-4 years
13%
5-9 years
18%
10-19 years
34%
20 years or more
35%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 70%
medical benefits
Vision: 58%
dental benefits
None: 12%
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