Chief finance officer vs controller, vice president

The differences between chief finance officers and controllers, vice president can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a chief finance officer, becoming a controller, vice president takes usually requires 6-8 years. Additionally, a controller, vice president has an average salary of $161,965, which is higher than the $143,947 average annual salary of a chief finance officer.

The top three skills for a chief finance officer include payroll, CPA and oversight. The most important skills for a controller, vice president are risk management, oversight, and internal controls.

Chief finance officer vs controller, vice president overview

	Chief Finance Officer	Controller, Vice President
Yearly salary	$143,947	$161,965
Hourly rate	$69.21	$77.87
Growth rate	6%	17%
Number of jobs	145,184	67,401
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 77%
Average age	52	46
Years of experience	-	8

What does a chief finance officer do?

A chief financial officer is responsible for managing and reviewing the financial status of a company. Chief financial officers' duties include ensuring the accuracy of financial reports, monitoring the company's expenses and budget goals, providing recommendations to prevent financial loss and increase revenues, processing the company's tax obligations, and resolving financial disputes. A chief financial officer must have an impeccable knowledge of the financial industry, updated with the current market trend, and strong leadership and decision-making skills to support the organization's financial department.

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 officer vs controller, vice president salary

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

	Chief Finance Officer	Controller, Vice President
Average salary	$143,947	$161,965
Salary range	Between $80,000 And $257,000	Between $110,000 And $237,000
Highest paying City	Washington, DC	San Francisco, CA
Highest paying state	California	Alaska
Best paying company	Baker McKenzie	World Surf League
Best paying industry	Construction	Manufacturing

Differences between chief finance officer and controller, vice president education

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

	Chief Finance Officer	Controller, Vice President
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 77%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Chief finance officer vs controller, vice president demographics

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

	Chief Finance Officer	Controller, Vice President
Average age	52	46
Gender ratio	Male, 71.9% Female, 28.1%	Male, 76.5% Female, 23.5%
Race ratio	Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6%	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	12%	11%

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

Chief finance officer example responsibilities.

Lead management team in developing and executing a combination of pricing and cost savings strategies that improve EBITDA more than threefold.
Lead the consolidation of financial and operational systems for non-acute services including rehabilitation and psychiatry services.
Lead system conversion to Hyperion planning budgeting/forecasting software, responsible for training, developing and implementation.
Manage all firm banking relationships, treasury functions and retain signatory authority for all partnership and corporate accounts.
Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
Prepare annual general ledger reconciliations and consolidate financial reports for CPA tax preparation.

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 officer vs controller, vice president skills

Common chief finance officer skills

Payroll, 7%
CPA, 6%
Oversight, 5%
Financial Reports, 4%
Human Resources, 4%
Internal Controls, 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 Officer vs Controller, Vice President

Updated January 8, 2025

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