Financial Controller, Industrial Plant Salary
With more than two-thirds 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 $52K to $141K per year and averages out to $87K annually. Including potential for bonuses and profit sharing — peaking near $25K and $13K, respectively — total cash payment to Industrial Plant Financial Controllers can bottom out near $52K or peak near $141K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by years of experience. Job satisfaction for Industrial Plant Financial Controllers is high. Medical benefits are awarded to most, and a strong majority earn dental coverage. Men working as Industrial Plant Financial Controllers who took the survey just slightly outnumber women at 51 percent. The numbers in this rundown were provided by PayScale's salary survey participants.
|Salary||$50,855 - $122,364|
|Bonus||$1,001 - $24,975|
|Profit Sharing||$0.00 - $12,880|
|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).)
|$50,845 - $136,895|
|Hourly Rate||$12.36 - $43.63|
|Bonus||$1,001 - $24,975|
|Profit Sharing||$0.00 - $12,880|
|Total Pay (||$50,845 - $136,895|
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.Read More...
Financial controllers offer accurate and timely advice that helps to improve the company’s financial systems, as well as ensure that transactions and other financial records created by others are accurate and follow organizational accounting and bookkeeping procedures. They must be able to present systems analyses and other information in a way that non-financial employees can understand, and they must ensure that other employees are performing their jobs in a way that follows state and federal laws and company policies. They must be able to tactfully handle conflict and confrontation and address issues with other employees in an objective manner when necessary.
A bachelor’s degree in finance or a closely related field is required for this position, as is previous experience in a related role. Excellent leadership, time management, and organizational skills are essential. Financial controllers also must be able to motivate and organize other employees to meet organizational goals. (Copyright 2017 PayScale.com)
Financial Controller, Industrial Plant Tasks
- 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.
- 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.
Common Career Paths for Financial Controller, Industrial Plant
Industrial Plant Financial Controllers may experience a large salary bump if they progress into a role such as VP of Finance or Chief Financial Officer. The latter position pays an average of $145K annually. Chief Financial Officers or Plant Controllers are common next-step roles for Industrial Plant Financial Controllers moving up in their careers; annual pay for Chief Financial Officers is $34K higher on average, and it's $1K higher for Plant Controllers.
Financial Controller, Industrial Plant Job Listings
Popular Skills for Financial Controller, Industrial Plant
Industrial Plant Financial Controllers report using a wide range of professional skills. Most notably, skills in Budgeting, Cost Accounting, Financial Analysis, and Financial Reporting are correlated to pay that is above average, with boosts between 4 percent and 18 percent. Skills that seem to negatively impact pay include Microsoft Word, Windows Operating System General Use, and Microsoft Office. A tool kit that includes Microsoft Excel also typically contains Financial Analysis and Accounts Payable. Most people familiar with Financial Applications also know Accounts Payable and Financial Analysis.
Pay by Experience Level for Financial Controller, Industrial Plant
Pay by Experience for a Financial Controller, Industrial Plant has a positive trend. An entry-level Financial Controller, Industrial Plant with less than 5 years of experience can expect to earn an average total compensation of $72,000 based on 42 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Controller, Industrial Plant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $79,000 based on 63 salaries. An experienced Financial Controller, Industrial Plant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $94,000 based on 101 salaries. A Financial Controller, Industrial Plant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $97,000 based on 72 salaries.
Related Job Salaries
Key Stats for Financial Controller, Industrial Plant
Rated 5 out of 5
based on 58 votes.