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Become A Plant Controller

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Working As A Plant Controller

  • Making Decisions and Solving Problems
  • Getting Information
  • Analyzing Data or Information
  • Processing Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Deal with People

  • Mostly Sitting

  • Make Decisions

  • $132,370

    Average Salary

What Does A Plant Controller Do

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.

Duties

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review company financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

The role of the financial manager, particularly in business, is changing in response to technological advances that have substantially reduced the amount of time it takes to produce financial reports. Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ways to maximize profits. They often work on teams, acting as business advisors to top executives.

Financial managers also do tasks that are specific to their organization or industry. For example, government financial managers must be experts on government appropriations and budgeting processes, and healthcare financial managers must know about topics in healthcare finance. Moreover, financial managers must be knowledgeable about special tax laws and regulations that affect their industry.

The following are examples of types of financial managers:

Chief financial officers (CFOs) are accountable for the accuracy of a company’s or organization’s financial reporting, especially among publicly traded companies. As head of a company’s entire financial department, they manage the lower level financial managers. They oversee the company’s financial goals, objectives, and budgets.

Controllers direct the preparation of financial reports that summarize and forecast the organization’s financial position, such as income statements, balance sheets, and analyses of future earnings or expenses. Controllers also are in charge of preparing special reports required by governmental agencies that regulate businesses. Often, controllers oversee the accounting, audit, and budget departments of their organization.

Treasurers and finance officers direct their organization’s budgets to meet its financial goals. They oversee the investment of funds and carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm’s expansion. They also develop financial plans for mergers (two companies joining together) and acquisitions (one company buying another).

Credit managers oversee their firm’s credit business. They set credit-rating criteria, determine credit ceilings, and monitor the collections of past-due accounts.

Cash managers monitor and control the flow of cash that comes in and goes out of the company to meet the company’s business and investment needs. For example, they must project cash flow (amounts coming in and going out) to determine whether the company will have a shortage or surplus of cash. 

Risk managers control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty. Among the risks they try to limit are those that stem from currency or commodity price changes.

Insurance managers decide how best to limit a company’s losses by obtaining insurance against risks, such as the need to make disability payments for an employee who gets hurt on the job or the costs imposed by a lawsuit against the company.

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How To Become A Plant Controller

Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, securities sales agent, or financial analyst.

Education

A bachelor's degree in finance, accounting, economics, or business administration is often the minimum education needed for financial managers. However, many employers now seek candidates with a master’s degree, preferably in business administration, finance, or economics. These academic programs help students develop analytical skills and learn financial analysis methods and software.

Licenses, Certifications, and Registrations

Professional certification is not required, but some financial managers still get it to demonstrate a level of competence. The CFA Institute confers the Chartered Financial Analyst (CFA) certification to investment professionals who have at least a bachelor’s degree, 4 years of work experience, and pass three exams. The Association for Financial Professionals confers the Certified Treasury Professional credential to those who pass an exam and have a minimum of 2 years of relevant experience.

Work Experience in a Related Occupation

Financial managers usually have experience in another business or financial occupation. For example, they may have worked as a loan officer, accountant, securities sales agent, or financial analyst. 

In some cases, companies provide formal management training programs to help prepare highly motivated and skilled financial workers to become financial managers.

Important Qualities

Analytical skills. Financial managers increasingly are assisting executives in making decisions that affect their organization, a task which requires analytical ability.

Communication skills. Excellent communication skills are essential because financial managers must explain and justify complex financial transactions.

Detail oriented. In preparing and analyzing reports such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors.

Math skills. Financial managers must be skilled in math, including algebra. An understanding of international finance and complex financial documents also is important.

Organizational skills. Financial managers deal with a range of information and documents and so they must stay organized to do their jobs effectively.

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Plant Controller jobs

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Average Length of Employment
Plant Manager 5.5 years
Plant Controller 5.0 years
Controller 5.0 years
Finance Director 3.9 years
Finance Controller 3.8 years
Finance Manager 3.7 years
Group Controller 3.7 years
Unit Controller 3.5 years
Cost Controller 3.1 years
Reporting Manager 3.1 years
Interim Controller 1.3 years
Top Employers Before
Controller 11.5%
Accountant 5.3%
Manager 1.9%
Top Employers After
Controller 19.8%
Consultant 3.0%

Plant Controller Demographics

Gender

Male

73.1%

Female

24.6%

Unknown

2.3%
Ethnicity

White

82.3%

Hispanic or Latino

8.4%

Asian

7.4%

Unknown

1.2%

Black or African American

0.7%
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Languages Spoken

Spanish

44.7%

French

9.2%

Arabic

6.6%

Portuguese

5.3%

Chinese

5.3%

Mandarin

5.3%

German

5.3%

Russian

3.9%

Swedish

1.3%

Bulgarian

1.3%

Norwegian

1.3%

Serbian

1.3%

Maltese

1.3%

Japanese

1.3%

Macedonian

1.3%

Carrier

1.3%

Urdu

1.3%

Korean

1.3%

Italian

1.3%
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Plant Controller Education

Schools

University of Phoenix

16.1%

Wayne State University

6.0%

DePaul University

6.0%

Michigan State University

5.6%

University of Toledo

5.2%

University of Iowa

5.2%

Ball State University

5.2%

Cleveland State University

4.8%

Western Michigan University

4.8%

Pennsylvania State University

4.0%

Marshall University

4.0%

Northern Illinois University

4.0%

University of Alabama

3.6%

Villanova University

3.6%

Webster University

3.6%

University of Kentucky

3.6%

University of Texas at El Paso

3.6%

Purdue University

3.6%

University of Georgia

3.6%

Northeastern University

3.6%
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Majors

Accounting

44.7%

Business

33.5%

Finance

12.9%

Management

2.7%

Economics

0.7%

Operations Management

0.6%

Computer Information Systems

0.6%

Computer Science

0.5%

Project Management

0.5%

International Business

0.5%

Marketing

0.5%

General Education, Specific Areas

0.4%

Electrical Engineering Technology

0.3%

Human Resources Management

0.3%

Small Business Management

0.2%

Management Information Systems

0.2%

Political Science

0.2%

Mechanical Engineering

0.2%

Engineering And Industrial Management

0.2%

Philosophy

0.2%
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Degrees

Bachelors

49.7%

Masters

42.5%

Other

5.2%

Associate

1.1%

Certificate

1.0%

Doctorate

0.3%

Diploma

0.2%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Plant Controller Salaries

Job Title Company Location Start Date Salary
Plant Controller II Covidien LP Crystal Lake, IL Jan 18, 2016 $120,000
Plant Controller Reckitt Benckiser LLC Hillsborough, NJ Nov 14, 2011 $105,000
Plant Controller Avery Dennison Corporation Peachtree City, GA Nov 14, 2010 $100,000
Plant Controller Avery Dennison Corporation Mentor, OH Nov 01, 2010 $100,000
Plant Controller Avery Dennison Corporation Peachtree City, GA Jan 26, 2011 $100,000
Assistant Plant Controller Corning Incorporated Harrodsburg, KY Jan 05, 2015 $97,398
Plant Controller Celanese Corporation Narrows, VA May 31, 2012 $96,375
Plant Controller Celanese Corporation Narrows, VA Feb 20, 2012 $96,375
Assistant Plant Controller Covidien LP North Haven, CT Jul 01, 2013 $96,000
Plant Controller Thomas & Betts Corporation Ormond Beach, FL Sep 03, 2013 $91,869
Plant Controller Eaton Corporation Columbia, SC Aug 02, 2010 $90,108
Manager Plant Controller Schaeffler Group USA, Inc. Fort Mill, SC Jun 15, 2015 $90,000 -
$120,000
Plant Controller Thomas & Betts Corporation Ormond Beach, FL Nov 20, 2015 $87,422 -
$91,870
Plant Controller Kerry Inc. Lakeland, FL Dec 01, 2013 $87,400
Plant Controller Maxion Wheels (F/K/A Hayes Lemmerz International Akron, OH Nov 01, 2012 $87,000 -
$116,000
Plant Controller Reckitt Benckiser Inc. Brandon, MS Nov 06, 2009 $85,000
Plant Controller Schneider Electric USA, Inc. El Paso, TX Sep 09, 2015 $85,000 -
$105,000
Plant Controller Maxion Wheels Akron LLC Akron, OH Aug 13, 2015 $85,000 -
$95,000
Manager Plant Controller Schaeffler Group USA, Inc. Fort Mill, SC Jun 15, 2012 $81,393 -
$89,741
Plant Controller Johnson Controls, Inc. Shelbyville, KY Mar 01, 2014 $79,331 -
$110,000
Plant Controller Square D Company El Paso, TX May 02, 2010 $78,360
Assistant Plant Controller Corning Incorporated Wilmington, NC Apr 16, 2012 $75,837
Assistant Plant Controller Corning Cable Systems LLC Winston-Salem, NC May 06, 2013 $75,636
Plant Controller Saint-Gobain Abrasives, Inc. Worcester, MA Sep 27, 2010 $75,400 -
$114,600
Plant Controller-Glass Mat Saint-Gobain Adfors America, Inc. North Charleston, SC Apr 06, 2013 $75,377
Plant Operations Controller Smurfit Kappa North America LLC Industry, CA Dec 20, 2016 $75,000
Local Plant Controller Firmenich Saint Louis, MO Jun 05, 2016 $71,885
Plant Controller, Projects & Services Schneider Electric USA, Inc. Nashville, TN Mar 31, 2015 $70,400 -
$105,600

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Top Skills for A Plant Controller

MonthlyFinancialStatementsPayrollAssetsFacilityVarianceAnalysisAnnualPhysicalInventoryAnnualBudgetExternalAuditorsGeneralLedgerInternalControlsBalanceSheetA/PInventoryControlSOXCostReductionRawMaterialERPSarbanes-OxleyAccountReconciliationsPlantManagement

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Top Plant Controller Skills

  1. Monthly Financial Statements
  2. Payroll
  3. Assets
You can check out examples of real life uses of top skills on resumes here:
  • Prepare monthly Financial Statements and provide variance analysis.
  • Managed Accounts Payable, Payroll, Production Reporting, Cost Accounting, and Purchasing.
  • Analyzed internal controls to ensure assets were adequately safeguarded and were accurately reported.
  • Developed cycle counting process for facility and trained personnel.
  • Presented results with variance analysis to executive group monthly.

Top Plant Controller Employers

Plant Controller Videos

A Day in the Life of Robert, Process Operator at Suncor Energy

Manufacturing Plant Controller 2 - Central Classes.mp4

Manufacturing Plant Controller 3 - Product Run.mp4

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