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Controller hiring summary. Here are some key points about hiring controllers in the United States:
Here's a step-by-step controller hiring guide:
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.
The controller hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
You should also consider the ideal background you'd like them a controller to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a controller that fits the bill.
The following list breaks down different types of controllers and their corresponding salaries.
| Type of Controller | Description | Hourly rate |
|---|---|---|
| Controller | 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. | $33-69 |
| Business Manager-Finance Manager | A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues... Show more | $35-73 |
| Manager/Finance Accounting | A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations... Show more | $31-61 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Maine | $121,606 | $58 |
| 2 | New York | $121,157 | $58 |
| 3 | California | $120,399 | $58 |
| 4 | New Jersey | $113,947 | $55 |
| 5 | Massachusetts | $112,814 | $54 |
| 6 | Maryland | $104,004 | $50 |
| 7 | Washington | $103,734 | $50 |
| 8 | Pennsylvania | $103,476 | $50 |
| 9 | District of Columbia | $101,435 | $49 |
| 10 | Nevada | $99,021 | $48 |
| 11 | Oregon | $96,765 | $47 |
| 12 | Arizona | $95,033 | $46 |
| 13 | Michigan | $93,938 | $45 |
| 14 | North Carolina | $93,723 | $45 |
| 15 | Minnesota | $93,663 | $45 |
| 16 | Texas | $92,304 | $44 |
| 17 | Illinois | $92,188 | $44 |
| 18 | Ohio | $90,642 | $44 |
| 19 | Tennessee | $87,400 | $42 |
| 20 | Missouri | $86,517 | $42 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Perkins Coie | $186,620 | $89.72 | |
| 2 | Instacart | $148,643 | $71.46 | 12 |
| 3 | White & Case | $144,620 | $69.53 | 1 |
| 4 | Firstservice Residential California, Inc. | $140,054 | $67.33 | |
| 5 | Related Companies | $137,441 | $66.08 | |
| 6 | Luxe | $137,395 | $66.06 | |
| 7 | ZS | $137,157 | $65.94 | 1 |
| 8 | The Walt Disney Company | $135,603 | $65.19 | 61 |
| 9 | Marathon Petroleum | $135,582 | $65.18 | 1 |
| 10 | Neuberger Berman | $133,404 | $64.14 | 8 |
| 11 | Bloomberg | $132,552 | $63.73 | 27 |
| 12 | BP America Inc | $130,365 | $62.68 | 3 |
| 13 | General Motors | $128,570 | $61.81 | 2 |
| 14 | Cisco | $128,530 | $61.79 | 4 |
| 15 | FUJIFILM Diosynth Biotechnologies | $125,744 | $60.45 | 3 |
| 16 | Nokia | $125,409 | $60.29 | |
| 17 | First National Realty | $125,369 | $60.27 | |
| 18 | Koch Industries | $124,628 | $59.92 | 4 |
| 19 | Pathway Medical | $124,462 | $59.84 | |
| 20 | Barclays | $123,028 | $59.15 | 6 |
A job description for a controller role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a controller job description:
There are a few common ways to find controllers for your business:
Recruiting controllers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates 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've found the controller candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
There are different types of costs for hiring controllers. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new controller employee.
Controllers earn a median yearly salary is $101,204 a year in the US. However, if you're looking to find controllers for hire on a contract or per-project basis, hourly rates typically range between $33 and $69.