Chief finance and operating officer vs controller, vice president

The differences between chief finance and operating officers and controllers, vice president can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a chief finance and operating officer and a controller, vice president. Additionally, a chief finance and operating officer has an average salary of $166,139, which is higher than the $161,965 average annual salary of a controller, vice president.

The top three skills for a chief finance and operating officer include financial statements, oversight and human resources. The most important skills for a controller, vice president are risk management, oversight, and internal controls.

Chief finance and operating officer vs controller, vice president overview

	Chief Finance And Operating Officer	Controller, Vice President
Yearly salary	$166,139	$161,965
Hourly rate	$79.87	$77.87
Growth rate	17%	17%
Number of jobs	166,131	67,401
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 77%
Average age	46	46
Years of experience	8	8

What does a chief finance and operating officer do?

A Chief Finance and Operating Officer is a senior executive who is part of the management team that manages the financial actions of an organization. This executive must produce financial statements to communicate results with shareholders and stakeholders of the organization. They must revise all their financial policies and procedures to strengthen internal controls and ensure the continuance of work to accommodate rapid growth. They must also establish cross-functional alliances to assist the effectiveness of the organization's marketing and business development initiatives.

What does a controller, vice president do?

A Controller, Vice President is focused on controlling and directing financial planning and budget management. They supervise the daily operations of the finance department, such as financial reporting, accounts payable, and payroll.

Chief finance and operating officer vs controller, vice president salary

Chief finance and operating officers and controllers, vice president have different pay scales, as shown below.

	Chief Finance And Operating Officer	Controller, Vice President
Average salary	$166,139	$161,965
Salary range	Between $87,000 And $314,000	Between $110,000 And $237,000
Highest paying City	Foster City, CA	San Francisco, CA
Highest paying state	California	Alaska
Best paying company	University of Nebraska at Omaha	World Surf League
Best paying industry	Internet	Manufacturing

Differences between chief finance and operating officer and controller, vice president education

There are a few differences between a chief finance and operating officer and a controller, vice president in terms of educational background:

	Chief Finance And Operating Officer	Controller, Vice President
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 77%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Chief finance and operating officer vs controller, vice president demographics

Here are the differences between chief finance and operating officers' and controllers, vice president' demographics:

	Chief Finance And Operating Officer	Controller, Vice President
Average age	46	46
Gender ratio	Male, 80.5% Female, 19.5%	Male, 76.5% Female, 23.5%
Race ratio	Black or African American, 8.1% Unknown, 4.1% Hispanic or Latino, 14.9% Asian, 8.5% White, 64.1% American Indian and Alaska Native, 0.3%	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.2% Asian, 8.9% White, 63.6% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between chief finance and operating officer and controller, vice president duties and responsibilities

Chief finance and operating officer example responsibilities.

Manage employees in GL, A/R, A/P, Credit/Collections, sales, warehousing, and shipping.
Manage development and implementation of customize ERP system.
Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
Streamline risk management, convert banking relationship and convert payroll processing to a third party payroll processor.
Work closely with CPA firm to improve operational and financial controls with no significant deficiencies note after year one.
Reduce independent CPA audit time and eliminate audit corrections.

Controller, vice president example responsibilities.

Manage a professional staff of 8 responsible for A/R, A/P, inventory control, billing, and collections.
Lead the implementation of global processes and documentation requirements aim at meeting Sarbanes-Oxley requirements one year early.
Manage regulatory and financial reporting functions, taxation, foreign exchange, treasury, and company administrative matters.
Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
Interface with all levels - liaison to banks, CPA, auditors, legal, and producers.
Ensure timely and accurate filings of corporate tax returns and completion of the annual audit by the corporate CPA firm.

Chief finance and operating officer vs controller, vice president skills

Common chief finance and operating officer skills

Financial Statements, 21%
Oversight, 5%
Human Resources, 5%
Payroll, 4%
Regulatory Compliance, 4%
Risk Management, 4%

Common controller, vice president skills

Risk Management, 10%
Oversight, 9%
Internal Controls, 6%
CPA, 4%
Internal Audit, 4%
External Auditors, 4%

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Chief Finance And Operating Officer
Chief Finance And Operating Officer vs Controller, Vice President

Updated January 8, 2025

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