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Controller salary
Posted on 7/12/21 at 12:10 pm
Posted on 7/12/21 at 12:10 pm
We are looking to hire a new Controller for our small family business. The salary ranges I’m seeing online are all over the place. Does anyone have some insight to real world salary ranges and benefits?
Business is in Ascension Parish. Approx 20 employees. Current Controller is phasing out. This is an office job, not remote. They’ll be responsible for all accounting, AR, AP, banking, budgeting, etc.
Thanks!!
Business is in Ascension Parish. Approx 20 employees. Current Controller is phasing out. This is an office job, not remote. They’ll be responsible for all accounting, AR, AP, banking, budgeting, etc.
Thanks!!
Posted on 7/12/21 at 12:14 pm to Shellbeacher
quote:
The salary ranges I’m seeing online are all over the place.
Are you seeing any ranges that use the company total sales/revenue to slot the salaries? That's probably where the big variances are coming from
Posted on 7/12/21 at 12:20 pm to Shellbeacher
In Ascension Parish, you're looking at $120K+. To get someone good, you have to compete with the plants on the river and they all pay over $120 and have bonuses.
You can pay less but this is a situation where you will get what you pay for.
You can pay less but this is a situation where you will get what you pay for.
Posted on 7/12/21 at 12:25 pm to iAmBatman
quote:
You can pay less but this is a situation where you will get what you pay for.
One shitty Controller hire and you will always be willing to pay for a good one
Posted on 7/12/21 at 12:33 pm to Shellbeacher
quote:
Current Controller is phasing out
What does he/she make?
quote:
This is an office job, not remote.
But why? Remote position may make it easier to save money if that is what you are worried about.
Posted on 7/12/21 at 12:40 pm to Shellbeacher
I typically estimate $120 plus benefits.
Posted on 7/12/21 at 12:42 pm to Shellbeacher
quote:
Controller
quote:
They’ll be responsible for all accounting, AR, AP, banking, budgeting, etc.
Will your Controller be processing AR & AP or managing? If you are paying $100k+ to someone that is processing invoices then you can probably find an outsourced firm to handle all of the bookkeeping & controller functions for half the price
Posted on 7/12/21 at 12:43 pm to Shellbeacher
quote:
They’ll be responsible for all accounting, AR, AP, banking, budgeting, etc.
It sounds like you want the Controller to also be the staff accountant, the AP specialist, and the billing/AR team. Is that right? Generally, Controllers oversee those departments but aren't the ones actually completing all of those transactions. So while you may call this person a "controller" it sounds more like a senior accounting or possibly accounting manager role.
What qualifications are your looking for in terms of certifications and years of experience, etc?
Posted on 7/12/21 at 3:49 pm to boogiewoogie1978
quote:
But why? Remote position may make it easier to save money if that is what you are worried about.
Small business. Probably still receive mail like bills that need to be paid and scanned or filed. So you woul dneed someone at the office sometimes.
Also im not putting huge printer and copying machines in my house. Much better when you need to print out thousands of pages at once.
Posted on 7/12/21 at 8:10 pm to Shellbeacher
quote:
They’ll be responsible for all accounting, AR, AP, banking, budgeting, etc.
This doesn’t make sense but I don’t understand your employee model either. No reason to be paying someone $100,000/ year to do basic AR, AP, basic book keeping, and basic banking duties. Get your a housewife working part time for that and pay for someone else to do the more important duties.
Posted on 7/13/21 at 10:26 am to baldona
We only have 2 people in office besides controller. The others enter all info into Quickbooks, but controller is responsible for actually paying the bills and final invoicing. In addition to all banking, bookkeeping, payroll (we use a payroll company), reports, etc. this is a small business, so no accounting dept, etc.
We are looking for someone new to come in and help get our books, job costs, etc more accurate. We were hoping to be well under $100k, but we won't know until we do interviews. Which is why I was asking for input. I want someone sharp that can wear multiple hats if needed. We also want someone here in the office, not remote.
We are looking for someone new to come in and help get our books, job costs, etc more accurate. We were hoping to be well under $100k, but we won't know until we do interviews. Which is why I was asking for input. I want someone sharp that can wear multiple hats if needed. We also want someone here in the office, not remote.
Posted on 7/13/21 at 10:29 am to FinleyStreet
Yes that's correct. As far as experience I'm not sure. We need someone that has handled the books for a business off our size in the past and is comfortable with wearing multiple hats as needed.
Posted on 7/13/21 at 10:49 am to Shellbeacher
quote:
We need someone that has handled the books for a business off our size in the past and is comfortable with wearing multiple hats as needed.
quote:
We were hoping to be well under $100k,
Want in one hand and shite in the other and see which one fills up faster
Posted on 7/13/21 at 10:54 am to Shellbeacher
quote:
We were hoping to be well under $100k
Lol good luck with this
Posted on 7/13/21 at 10:59 am to Shellbeacher
To me it sounds more like a senior accounting or accounting manager role as I mentioned before - probably someone non credentialed if you are expecting experience along with a salary "well below 100k". you're probably looking at an older senior accounting lifer or possibly an up and comer if you're willing to look past years of experience. Nothing wrong with these types of folks, just don't necessarily expect ex B4 with a CPA.
One thing I've noticed in my years of accounting/finance experience is that small businesses tend to have crazy high expectations but want to pay very little in return...even more so than with larger companies.
One thing I've noticed in my years of accounting/finance experience is that small businesses tend to have crazy high expectations but want to pay very little in return...even more so than with larger companies.
Posted on 7/13/21 at 11:00 am to Shellbeacher
Have you looked into the cost benefits of outsourcing? You will also get a more experienced Controller/CFO that can help refine processes to make things more efficient.
I can help you navigate this option if you’d like. If you want me to give you my email just let me know.
I can help you navigate this option if you’d like. If you want me to give you my email just let me know.
This post was edited on 7/13/21 at 11:03 am
Posted on 7/13/21 at 11:46 am to Shellbeacher
quote:
We are looking for someone new to come in and help get our books, job costs, etc more accurate. We were hoping to be well under $100k, but we won't know until we do interviews. Which is why I was asking for input. I want someone sharp that can wear multiple hats if needed. We also want someone here in the office, not remote.
You want someone to handle all of the account payable, accounts receivable, cash reconciliations, ensuring payroll is accurate, and any other accounting type items that come up (tax filings, property tax review, ect.)
You also want this person to improve you records and also improve your processes.
I'm a CPA and unfortunately you aren't going to find someone to do all of that for less than $100K. And if you do, they're either going to find something else once they realize what they are in for, or you're going to get someone that isn't qualified to do all of this.
Posted on 7/13/21 at 11:49 am to FinleyStreet
I don’t disagree with that. And if it requires more money then that’s what we’ll do. We are just starting the process of finding someone.
Posted on 7/13/21 at 11:49 am to Shellbeacher
We have two full-time ladies that handle AP/AR. Payroll is by an outside company. Taxes are handled by an outside company. We have a part-time CFO that comes in two days a week and does the more complex financial tasks and planning. He's great. We don't need any more of his time, and it keeps our costs down. He is about 2-3 years away from retirement, at which point we'll be big enough to need a full-time CFO.
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