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Financial Controller, Industrial Plant Salary

Industrial Plant Financial Controllers in the United States are often veterans in their line of work, with between two-thirds and three-fourths bringing more than 10 years of experience to the table. Salaries slide in at $79K annually on average but can range from $50K to $127K per year. Cash earnings for Industrial Plant Financial Controllers — including $22K in bonuses and $15K in profit sharing proceeds near the top of the pay scale — generally stretch from $50K to $127K depending on individual performance. Work is enjoyable for Industrial Plant Financial Controllers, who typically claim high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. Women Industrial Plant Financial Controllers who took the survey just slightly outnumber men. The information for this snapshot was generated by responses to the PayScale salary survey.

$51,461 - $113,239
(Median)
$51K
$79K
$110K
MEDIAN: $79,338
10%
50%
90%

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$13.26 - $33.28
(Median)
$13
$20
$33
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
$51,461 - $113,239  
   
Bonus
$309.13 - $21,561  
Profit Sharing
$7.29 - $15,101  
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).
)
$49,971 - $127,428  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 418
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
$13.26 - $33.28  
   
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
$309.13 - $21,561  
   
Profit Sharing
$7.29 - $15,101  
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).
)
$49,971 - $127,428  
Country: United States | Currency: USD | Updated: 2 May 2015 | 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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While Industrial Plant Financial Controllers do not often become VPs of Finance and Chief Financial Officers, the job pays $142K per year on average. Industrial Plant Financial Controllers moving up in their careers tend to step into positions as Chief Financial Officers or Finance Directors. The median paychecks in those roles are $40K higher and $20K higher, respectively.

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Popular Skills for Financial Controller, Industrial Plant


Industrial Plant Financial Controllers report using a diverse set of skills on the job. Most notably, facility with Budgeting and Financial Applications are correlated to pay that is significantly above average, leading to increases of 29 percent and 3 percent, respectively. At the other end of the pay range are skills like Accounts Payable, Microsoft Word, and Windows Operating System General Use. For most people, competency in Financial Applications indicates knowledge of 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.


Experience does not seem to be a strong driver of pay increase in this role. The average beginner in this position makes around $63K, but folks who have been around for five to 10 years see a markedly higher median salary of $77K. Industrial Plant Financial Controllers who work for 10 to 20 years in their occupation tend to earn about $87K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $88K on average.

Related Job Salaries

United States (change)

Experience Affects Financial Controller, Industrial Plant Salaries



National Average
$82,000



Skills That Affect Financial Controller, Industrial Plant Salaries

Budgeting
up arrow 29%

Financial Applications
up arrow 3%

Microsoft Excel
up arrow 3%

Microsoft Office
up arrow 1%

Financial Reporting
up arrow 1%

Cost Accounting
up arrow 1%

Financial Analysis
0%

National Average
$82,000

Windows Operating System General Use
up arrow 4%

Microsoft Word
up arrow 5%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 116 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
1%
1-4 years
12%
5-9 years
18%
10-19 years
39%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 70%
vision benefits Vision: 51% employee benefits None: 12%
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