Financial Controller, Industrial Plant Salary

Industrial Plant Financial Controllers in the United States with more than 10 years of experience in their profession represent between two-thirds and three-fourths of Industrial Plant Financial Controllers. Salaries average out to around $80K per year and spread from $50K to $128K per year. Total cash earnings of Industrial Plant Financial Controllers range from $50K on the low end to $128K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $21K and $15K, respectively. Job satisfaction is high and work is enjoyable for most Industrial Plant Financial Controllers. Women Industrial Plant Financial Controllers who took the survey just slightly outnumber men. Medical benefits are awarded to a large number, and more than half earn dental coverage. The numbers in this rundown were provided by PayScale's salary survey participants.

$51,577 - $114,187
(Median)
$52K
$80K
$110K
MEDIAN: $79,671
10%
50%
90%

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$13.22 - $33.54
(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
$51,577 - $114,187  
   
Bonus
$201.34 - $21,415  
Profit Sharing
$0.00 - $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).
)
$50,313 - $128,275  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 392
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 - $33.54  
   
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
$201.34 - $21,415  
   
Profit Sharing
$0.00 - $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).
)
$50,313 - $128,275  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 21
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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. When Industrial Plant Financial Controllers are ready for the next step in their careers, they often become Chief Financial Officers or Finance Directors. Those roles pay an additional $40K and $20K, respectively.

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Popular Skills for Financial Controller, Industrial Plant


Industrial Plant Financial Controllers generally report applying a varied skill set to their work. Fortunate workers who know Budgeting command much higher paychecks, scoring salaries 29 percent above average. 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.


The average beginner in this position makes around $62K, but folks who have been around for five to 10 years see a markedly higher median salary of $78K. After working for 10 to 20 years, Industrial Plant Financial Controllers make a median salary of $88K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $87K on average.

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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 29%

Financial Applications
up arrow 2%

Microsoft Excel
up arrow 2%

Financial Reporting
up arrow 1%

Cost Accounting
up arrow 1%

Microsoft Office
0%

Financial Analysis
0%

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 95 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
38%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 69%
vision benefits Vision: 51% employee benefits None: 13%
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