Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Controller/finance manager hiring summary. Here are some key points about hiring controller/finance managers in the United States:
Here's a step-by-step controller/finance manager hiring guide:
A Controller/Finance Manager is a lead accountant who is responsible for overseeing the accounting activities of an organization while ensuring accurate ledger balances. This manager must implement improvements in their accounting policies and procedures surrounding the purchasing and revenue cycles to enforce internal controls. The manager should work closely with a CPA firm for annual audit and preparation of income tax to ensure they are following the SEC requirements. A Controller/Finance Manager is also required to complete, and report audited financial statements to their banking partners.
Before you start hiring a controller/finance manager, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
A controller/finance manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, controller/finance managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents controller/finance manager salaries for various positions.
| Type of Controller/Finance Manager | Description | Hourly rate |
|---|---|---|
| Controller/Finance Manager | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $39-82 |
| Accounting Manager/Controller | An accounting manager/controller is responsible for spearheading and overseeing the daily operations in a company's accounting department. They monitor the company's budgets, including its costs and expenditures, and produce financial reports... Show more | $31-63 |
| Corporate Controller | A corporate controller is a professional who is responsible for supervising the overall daily accounting operations of an organization. Integral to the financial health of the organization, corporate controllers are required to help the organization with strategic financial decisions through forecasting reports and financial statements... Show more | $47-100 |
Including a salary range in your controller/finance manager job description helps attract top candidates to the position. A controller/finance manager salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a controller/finance manager in Tennessee may be lower than in Massachusetts, and an entry-level controller/finance manager usually earns less than a senior-level controller/finance manager. Additionally, a controller/finance manager with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $145,714 | $70 |
| 2 | California | $137,127 | $66 |
| 3 | District of Columbia | $137,088 | $66 |
| 4 | New York | $134,725 | $65 |
| 5 | Washington | $132,836 | $64 |
| 6 | New Jersey | $129,018 | $62 |
| 7 | Michigan | $123,702 | $59 |
| 8 | Illinois | $117,947 | $57 |
| 9 | Virginia | $106,240 | $51 |
| 10 | North Carolina | $106,070 | $51 |
| 11 | Arizona | $105,875 | $51 |
| 12 | Georgia | $102,239 | $49 |
| 13 | Texas | $101,233 | $49 |
| 14 | Colorado | $99,180 | $48 |
| 15 | Florida | $91,096 | $44 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Genentech | $163,626 | $78.67 | |
| 2 | Bloomberg | $149,659 | $71.95 | 52 |
| 3 | Novo Nordisk | $148,866 | $71.57 | 1 |
| 4 | Deutsche Bank | $144,944 | $69.68 | 20 |
| 5 | Mars | $144,498 | $69.47 | 1 |
| 6 | Barclays | $138,251 | $66.47 | 2 |
| 7 | Bristol-Myers Squibb | $137,470 | $66.09 | |
| 8 | Henkel | $137,079 | $65.90 | 1 |
| 9 | Citi | $135,947 | $65.36 | 33 |
| 10 | Metalor Technologies International SA | $135,087 | $64.95 | |
| 11 | The Clorox Company | $134,590 | $64.71 | 1 |
| 12 | MetLife | $131,689 | $63.31 | 5 |
| 13 | Fluor Corporation | $130,572 | $62.77 | 8 |
| 14 | Walgreens | $130,409 | $62.70 | 8 |
| 15 | KORE | $129,877 | $62.44 | |
| 16 | Infineon Technologies | $128,758 | $61.90 | |
| 17 | BAE Systems | $127,317 | $61.21 | 30 |
| 18 | Microsoft | $126,717 | $60.92 | 109 |
| 19 | Ernst & Young | $126,501 | $60.82 | 2,509 |
| 20 | Aramark | $125,383 | $60.28 | 42 |
A good controller/finance manager job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a controller/finance manager job description:
To find controller/finance managers for your business, try out a few different recruiting strategies:
To successfully recruit controller/finance managers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the controller/finance manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new controller/finance manager. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Recruiting controller/finance managers involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $119,732 per year for a controller/finance manager, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for controller/finance managers in the US typically range between $39 and $82 an hour.