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Financial Controller, Industrial Plant Salary

With somewhere between two-thirds and three-fourths of Industrial Plant Financial Controllers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $51K to $128K per year and averages out to $80K annually. In the world of Industrial Plant Financial Controllers, overall income ranges from $51K near the bottom to $128K at the top; this can include more than $21K from bonuses and more than $16K from profit sharing in exceptional cases. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to half. Men working as Industrial Plant Financial Controllers who took the survey just slightly outnumber women at 54 percent. The majority of workers are highly satisfied with their job. Participants in PayScale's salary questionnaire provided the particulars of this report.
$51,645 - $112,957
(Median)
$52K
$80K
$110K
MEDIAN: $79,660
10%
50%
90%

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$13.22 - $29.59
(Median)
$13
$20
$30
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
$51,645 - $112,957  
   
Bonus
$964 - $21,141  
Profit Sharing
$484.79 - $15,586  
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).
)
$50,511 - $127,852  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 467
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
$13.22 - $29.59  
   
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
$964 - $21,141  
   
Profit Sharing
$484.79 - $15,586  
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).
)
$50,511 - $127,852  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 21
United States (change)

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 who advance into the role of a VP of Finance or Chief Financial Officer are fairly uncommon. VPs of Finance and Chief Financial Officers on average earn $142K 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 $39K higher and $20K higher, respectively.

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Popular Skills for Financial Controller, Industrial Plant


Survey results imply that Industrial Plant Financial Controllers put a diverse skill set to use. Most notably, facility with Budgeting, Financial Reporting, and Cost Accounting are correlated to pay that is significantly above average, leading to increases of 32 percent, 6 percent, and 5 percent, respectively. Skills that pay less than market rate include Accounts Payable, Microsoft Word, and Windows Operating System General Use. Most people skilled in Financial Applications are similarly competent 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.


More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have less than five years' experience make $63K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $76K. Industrial Plant Financial Controllers claiming one to two decades of experience make an estimated median of $88K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $89K.

Related Job Salaries

Experience Affects Financial Controller, Industrial Plant Salaries



National Average
$82,000



Skills That Affect Financial Controller, Industrial Plant Salaries

Budgeting
up arrow 32%



Financial Applications
up arrow 3%

Microsoft Office
up arrow 3%

Microsoft Excel
up arrow 2%

Financial Analysis
up arrow 2%

National Average
$82,000

Microsoft Word
up arrow 5%

Windows Operating System General Use
up arrow 5%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 153 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
1%
1-4 years
11%
5-9 years
18%
10-19 years
40%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 72%
vision benefits Vision: 50% employee benefits None: 11%