Financial Controller, Industrial Plant Salary

The majority of Industrial Plant Financial Controllers in the United States — close to two-thirds — boast more than 10 years of experience in their profession. Salaries stretch from $50K to $128K per year, and the median is $80K per year. Total cash compensation to Industrial Plant Financial Controllers approaches anywhere from $50K on the lower end to $128K on the higher end; in exceptional cases, this can include more than $22K from bonuses and upwards of $15K from profit sharing. Job satisfaction for Industrial Plant Financial Controllers is high. A large number enjoy medical while a majority get dental coverage. Vision coverage is also available to more than half. Women Industrial Plant Financial Controllers who took the survey just slightly outnumber men. Respondents to the PayScale salary survey provided the data for this report.

$51,242 - $113,988
(Median)
$51K
$80K
$110K
MEDIAN: $79,867
10%
50%
90%

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$13.19 - $33.77
(Median)
$13
$20
$34
MEDIAN: $20
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$51,242 - $113,988  
   
Bonus
$175.00 - $21,598  
Profit Sharing
$0.00 - $15,135  
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).
)
$50,187 - $128,135  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 377
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$13.19 - $33.77  
   
Overtime
$0.00 - $47.52  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$175.00 - $21,598  
   
Profit Sharing
$0.00 - $15,135  
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).
)
$50,187 - $128,135  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 20
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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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For Industrial Plant Financial Controllers, progressing to a VP of Finance or Chief Financial Officer role may result in a significant raise. On average, a VP of Finance or Chief Financial Officer can earn $141K annually. Industrial Plant Financial Controllers typically move into roles as Chief Financial Officers or Finance Directors, and those positions pay $40K more and $19K more, respectively.

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Popular Skills for Financial Controller, Industrial Plant


Industrial Plant Financial Controllers report using a wide range of professional skills. Fortunate workers who know Budgeting command much higher paychecks, scoring salaries 28 percent above average. Skills that pay less than market rate include Accounts Payable, Microsoft Word, and Windows Operating System General Use. Those familiar with Financial Applications also tend to know 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.


Salaries of relatively inexperienced workers fall in the neighborhood of $62K, but folks who have racked up five to 10 years see a notably higher median of $79K. The average pay reported by folks with 10 to 20 years of experience is around $89K. Industrial Plant Financial Controllers who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $87K.

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Experience Affects Financial Controller, Industrial Plant Salaries



National Average
$82,000



Skills That Affect Financial Controller, Industrial Plant Salaries

Budgeting
up arrow 28%

Financial Applications
up arrow 2%

Microsoft Excel
up arrow 2%

Financial Reporting
up arrow 1%

Financial Analysis
0%

Cost Accounting
0%

National Average
$82,000

Microsoft Office
up arrow 1%

Microsoft Word
up arrow 5%

Windows Operating System General Use
up arrow 5%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 85 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
19%
10-19 years
36%
20 years or more
32%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 69%
vision benefits Vision: 53% employee benefits None: 14%
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