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Controller vs senior finance manager

The differences between controllers and senior finance managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a controller and a senior finance manager. Additionally, a senior finance manager has an average salary of $133,358, which is higher than the $101,204 average annual salary of a controller.

The top three skills for a controller include CPA, payroll processing and reconciliations. The most important skills for a senior finance manager are hyperion, financial performance, and financial analysis.

Controller vs senior finance manager overview

ControllerSenior Finance Manager
Yearly salary$101,204$133,358
Hourly rate$48.66$64.11
Growth rate17%17%
Number of jobs75,440139,639
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 68%
Average age4646
Years of experience88

What does a controller do?

Controllers are employees in the accounting department who manage the finances of the organization. They are involved in the budget setting activity at the start of the company's fiscal year. Controllers are responsible for ensuring that all departments work within their respective budgets. They have the power to recommend budget cuts due to any unforeseen circumstances that may happen. They also have the ability to veto or forego budget items. Controllers should have accounting skills and auditing skills. They must also be trustworthy and should work with integrity.

What does a senior finance manager do?

A senior finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.

Controller vs senior finance manager salary

Controllers and senior finance managers have different pay scales, as shown below.

ControllerSenior Finance Manager
Average salary$101,204$133,358
Salary rangeBetween $70,000 And $144,000Between $95,000 And $185,000
Highest paying CityPortland, MESan Francisco, CA
Highest paying stateNew YorkCalifornia
Best paying companyPerkins CoieRoku
Best paying industryTechnologyProfessional

Differences between controller and senior finance manager education

There are a few differences between a controller and a senior finance manager in terms of educational background:

ControllerSenior Finance Manager
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 68%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Controller vs senior finance manager demographics

Here are the differences between controllers' and senior finance managers' demographics:

ControllerSenior Finance Manager
Average age4646
Gender ratioMale, 58.9% Female, 41.1%Male, 70.3% Female, 29.7%
Race ratioBlack or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.4% White, 63.7% American Indian and Alaska Native, 0.3%Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between controller and senior finance manager duties and responsibilities

Controller example responsibilities.

  • Manage NAV production, calculation of performance fees, IFRS accounts and subscription/redemption analysis.
  • Lead transition of company from sole proprietor to NYSE list company subsidiary, including implementing new financial reporting system.
  • Manage a team of junior staff accountants and maintaining quality control throughout the entire monthly billing, A/P & A/R processes.
  • Manage treasury, open several new accounts, establish new procedures and controls, monitor daily activity.
  • Produce monthly account reconciliations, post monthly journal entries and review, analyze, correct and issue monthly comparative financial statements.
  • Perform accounting research and special projects as required including cash flow analysis, cost projections, reconciliations and other financial analysis.
  • Show more

Senior finance manager example responsibilities.

  • Manage regional treasury functions including coordination with international HQ for daily cash balance requirements.
  • Manage staff of financial analysts who perform divisional and branch portfolio and profit/loss analysis.
  • Manage Oracle/Hyperion application upgrade used to support the close, consolidate and report process within Oracle/PeopleSoft ERP environment.
  • Manage financial reporting in support of CEO/CFO/President with oversight for data integrity and consistency of reporting across enterprise.
  • Manage eight team members' activities including daily transaction processing, monthly reconciliations and analysis, and financial statement preparation
  • Manage senior financial analysts responsible for evaluating the financial risks of a portfolio of large property and casualty insurance programs.
  • Show more

Controller vs senior finance manager skills

Common controller skills
  • CPA, 8%
  • Payroll Processing, 7%
  • Reconciliations, 6%
  • Cash Management, 5%
  • Internal Controls, 5%
  • GAAP, 5%
Common senior finance manager skills
  • Hyperion, 7%
  • Financial Performance, 5%
  • Financial Analysis, 5%
  • Business Development, 4%
  • SR, 4%
  • Financial Models, 4%

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