Financial Controller, Industrial Plant Salary

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 $51K to $127K per year, but expected earnings average $79K per year. Final cash compensation to Industrial Plant Financial Controllers varies from around $51K to approximately $127K; choice pay grades include potential for bonuses and profit sharing as high as $21K and $15K, respectively. Men make up a slight majority of Industrial Plant Financial Controllers (50 percent) who responded to the survey. The majority of Industrial Plant Financial Controllers claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a majority collect dental insurance. This report is based on answers to PayScale's salary questionnaire.

$51,026 - $113,408
(Median)
$51K
$79K
$110K
MEDIAN: $79,249
10%
50%
90%

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$13.40 - $38.49
(Median)
$13
$22
$38
MEDIAN: $21.00
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
$51,026 - $113,408  
   
Bonus
$0.50 - $21,298  
Profit Sharing
$0.00 - $14,950  
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).
)
$50,623 - $127,225  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 356
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
$13.40 - $38.49  
   
Overtime
$0.00 - $47.35  
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
$0.50 - $21,298  
   
Profit Sharing
$0.00 - $14,950  
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).
)
$50,623 - $127,225  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | 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 not commonly seen, Industrial Plant Financial Controllers who transition into a VP of Finance or Chief Financial Officer position may see a rise in pay. The median salary for VPs of Finance and Chief Financial Officers is $144K per year. It is quite typical for Industrial Plant Financial Controllers to transition into roles as Chief Financial Officers or Finance Directors, where reported median earnings are $41K and $22K higher per year.

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Popular Skills for Financial Controller, Industrial Plant


Survey results suggest that Industrial Plant Financial Controllers use a fairly large toolkit of professional skills. Fortunate workers who know Budgeting command much higher paychecks, scoring salaries 30 percent above average. At the other end of the pay range are skills like Accounts Payable, Microsoft Word, and Microsoft Office. 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.


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 $77K. Industrial Plant Financial Controllers with one to two decades of relevant experience report an average salary of approximately $88K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $86K.

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Experience Affects Financial Controller, Industrial Plant Salaries



National Average
$81,000



Skills That Affect Financial Controller, Industrial Plant Salaries

Budgeting
up arrow 30%

Cost Accounting
up arrow 3%

Financial Applications
0%

Financial Reporting
0%

National Average
$81,000

Microsoft Excel
up arrow 1%

Financial Analysis
up arrow 1%

Windows Operating System General Use
up arrow 4%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
1%
1-4 years
14%
5-9 years
19%
10-19 years
36%
20 years or more
31%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 69%
medical benefits
Vision: 55%
dental benefits
None: 13%
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