Location: Chicago, IL or Remote
Experience: Mid Level
Based on recent jobs postings on Zippia, the average salary in the U.S. for a Controller is $101,022 per year or $49 per hour. The highest paying Controller jobs have a salary over $138,000 per year while the lowest paying Controller jobs pay $73,000 per year
It is the responsibility of a regional controller to manage the financial reports and finances of the company in a specific geographic location. The regional controllers prepare and coordinate financial reports to ensure compliance with corporate policy and government regulations. They oversee the accounting activities of the corporation. It is their job to coordinate and prepare both external and internal financial statements. They also need to develop skills and knowledge in internal controls, financial management, accounting, payroll, and financial performance.
A director of accounting and finance is in charge of overseeing all financial activities and decisions in a company and supervising its workforce. Their responsibilities revolve around spearheading the development of financial plans and strategies, coordinating with analysts and consultants, gathering and analyzing financial data, and reporting all sales progress to executives through documents and presentations. They must also set goals and objectives, allocate budgets to different departments, prepare comprehensive sales forecasts, and lead employees while implementing the company's policies and regulations.
A financial controller is primarily in charge of the daily finance activities and accounting functions of a company. Their responsibilities typically revolve around preparing and organizing financial reports, analyzing data and looking out for any discrepancies or inconsistencies, and overseeing the company's overall revenues and expenditures. A financial controller must also maintain documentation, participate in risk assessment and budgeting activities, and develop strategies for profit growth. Furthermore, one must coordinate with other department staff to ensure accuracy, all while implementing the company's policies and regulations.
Yes, you can make $100,000 per year as a controller. The chances of earning over $100k for a controller are actually pretty good because the highest-paid controller positions typically pay at least $138,000 per year. The average annual salary is $101,022 for controller jobs. For example, controllers in New York whose salaries are in the 90th percentile earn an average salary of $179,000.
Yes, a controller is an executive position. They can also be referred to as financial managers who oversee a company's financial operations and usually report to the top-level executive chief financial officer (CFO).
Due to a controller and CFO's similar responsibilities and duties, some companies may combine the positions and have only one position. Then, in this case, a controller can be considered a top-level executive. The executive duties are managerial, such as overseeing accounting departments, creating budgets and financial reports, managing investment decisions, and assessing risk factors.
A controller oversees companies' financial operations, so they do tasks like creating budgets, managing investment decisions, assessing risk factors, and creating financial reports.
Additionally, controllers are generally 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 can veto or forego budget items.
Overall, controllers are expected to develop a viable system for managing and maintaining accounting records, making sure that all financial information is kept confidential and all processes comply with state and federal government regulations.