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Finance controller hiring summary. Here are some key points about hiring finance controllers in the United States:
Here's a step-by-step finance controller hiring guide:
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.
Before you post your finance controller job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a finance controller for hire on a part-time basis or as a contractor.
A finance controller's background is also an important factor in determining whether they'll be a good fit for the position. For example, finance controllers 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.
The following list breaks down different types of finance controllers and their corresponding salaries.
| Type of Finance Controller | Description | Hourly rate |
|---|---|---|
| Finance 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. | $34-75 |
| Accounting Director | An Accounting Director supervises the general accounting and financial reporting functions, as well as financial services within a company or organization. They also ensure that all transactions and financial policies for their organization meet federal regulations and standards. | $42-92 |
| Accounting Manager | An accounting manager is responsible for supervising and monitoring the overall accounting department operations. Duties of an accounting manager include reviewing account information and account statements, processing invoices, analyzing financial data, performing account reconciliations, assisting with tax processing and audit reports, and generating financial reports for presentation with the board... Show more | $28-56 |
Including a salary range in your finance controller job description helps attract top candidates to the position. A finance controller 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 finance controller in Nebraska may be lower than in New York, and an entry-level finance controller usually earns less than a senior-level finance controller. Additionally, a finance controller 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 | New York | $117,864 | $57 |
| 2 | California | $113,035 | $54 |
| 3 | New Jersey | $112,822 | $54 |
| 4 | Ohio | $110,788 | $53 |
| 5 | Maryland | $109,255 | $53 |
| 6 | Washington | $103,946 | $50 |
| 7 | Massachusetts | $102,636 | $49 |
| 8 | District of Columbia | $98,590 | $47 |
| 9 | Pennsylvania | $96,701 | $46 |
| 10 | Virginia | $94,608 | $45 |
| 11 | Delaware | $94,264 | $45 |
| 12 | Illinois | $93,141 | $45 |
| 13 | Colorado | $92,504 | $44 |
| 14 | Utah | $90,932 | $44 |
| 15 | Texas | $89,744 | $43 |
| 16 | Indiana | $89,690 | $43 |
| 17 | North Carolina | $88,791 | $43 |
| 18 | Oregon | $85,774 | $41 |
| 19 | Georgia | $84,594 | $41 |
| 20 | Florida | $77,677 | $37 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Sage Memorial Hospital | $152,499 | $73.32 | |
| 2 | Bloomberg | $150,236 | $72.23 | 40 |
| 3 | Amazon | $139,326 | $66.98 | 252 |
| 4 | Cisco | $138,927 | $66.79 | 3 |
| 5 | Westpac | $138,898 | $66.78 | |
| 6 | J.P. Morgan | $133,324 | $64.10 | |
| 7 | Citi | $132,149 | $63.53 | 20 |
| 8 | Calypso Technology | $131,943 | $63.43 | |
| 9 | FIA | $131,722 | $63.33 | |
| 10 | Getac | $130,976 | $62.97 | |
| 11 | AbbVie | $130,753 | $62.86 | 34 |
| 12 | Florida Power and Light | $128,056 | $61.57 | 11 |
| 13 | KLA | $127,740 | $61.41 | 4 |
| 14 | Goldman Sachs | $126,730 | $60.93 | 6 |
| 15 | Global Financial Mortgage | $126,692 | $60.91 | 27 |
| 16 | Agilent Technologies | $124,347 | $59.78 | 12 |
| 17 | Hisense USA | $124,288 | $59.75 | |
| 18 | SAS Institute | $124,172 | $59.70 | 2 |
| 19 | Microsoft | $124,096 | $59.66 | 94 |
| 20 | ALM | $123,843 | $59.54 |
A job description for a finance 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 finance controller job description:
To find finance controllers for your business, try out a few different recruiting strategies:
To successfully recruit finance controllers, 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.
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 decided on a perfect finance controller candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your 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.
To prepare for the new finance controller first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Recruiting finance controllers 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 $105,869 per year for a finance controller, 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 finance controllers in the US typically range between $34 and $75 an hour.