Financial Controller in Minneapolis, Minnesota Salary
How much does a Financial Controller make in Minneapolis, MN? The average salary for a Financial Controller in Minneapolis is $79,267 annually. This is 1% less than the national average for a Financial Controller which is $80,146 annually. Salaries for a Financial Controller in Minneapolis range from $59,513 annually to $125,618 per year. Total Annual Compensation, which includes salary, bonus, and profit sharing for a Financial Controller in Minneapolis ranges from $58,984 to $133,248 annually. Job satisfaction is reported as 5 out of 5 stars. Among those reporting, there is a fairly even distribution of men (49%) and woman (51%) filling this role in Minneapolis. In Minneapolis, a Financial Controller often enjoys medical and dental benefits provided by their employer.
|Salary||$59,513 - $125,618|
|Bonus||$1,498 - $26,036|
|Profit Sharing||$-0.50 - $10,033|
|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).)
|$58,984 - $133,248|
Job Description for Financial Controller
The position of financial controller, or comptroller, involves managing financial departments of a company. These departments can include the accounting department, budget department, audit department, and any other finance-related departments. Financial controllers have many responsibilities, such as producing critical financial reports, profit and loss statements, balance sheets, and financial prospectuses. They must also prepare reports that predict the financial performance of a company over time. Any paperwork that needs to be done for federal and state regulatory agencies is completed and submitted by the financial controller.Read More...
A financial controller should have a good grasp of financial reporting, as well as high-level mathematical and problem solving skills. Because they need to submit and often explain complex financial concepts to executives and people without a financial background, superior communication skills are necessary. Typically financial controllers have a bachelor’s degree in accounting, finance, or business, although it is not uncommon to find someone with a liberal arts background in this role. They also should obtain a license as a certified public accountant, certified financial manager, or certified management accountant. Most companies hiring for this position will look for a master’s degree in business administration or financial accounting, as well as seven to 10 years of progressive accounting experience and previous supervisory experience. (Copyright 2017 PayScale.com)
Financial Controller 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.
Financial Controller Job Listings
Pay by Experience Level for Financial Controller
Pay by Experience for a Financial Controller has a positive trend. An entry-level Financial Controller with less than 5 years of experience can expect to earn an average total compensation of $72,000 based on 14 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Controller with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $86,000 based on 30 salaries. An experienced Financial Controller which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $81,000 based on 26 salaries. A Financial Controller with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $76,000 based on 29 salaries.
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Key Stats for Financial Controller
Rated 5 out of 5
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