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Controller salary

Posted on 7/12/21 at 12:10 pm
Posted by Shellbeacher
Member since Jul 2020
23 posts
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!!
Posted by jchamil
Member since Nov 2009
16459 posts
Posted on 7/12/21 at 12:14 pm to
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 by SaDaTayMoses
Member since Oct 2005
4319 posts
Posted on 7/12/21 at 12:14 pm to
$90k-$115k
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 7/12/21 at 12:20 pm to
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.
Posted by jchamil
Member since Nov 2009
16459 posts
Posted on 7/12/21 at 12:25 pm to
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 by boogiewoogie1978
Little Rock
Member since Aug 2012
16950 posts
Posted on 7/12/21 at 12:33 pm to
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 by reb13
Member since May 2010
10905 posts
Posted on 7/12/21 at 12:40 pm to
I typically estimate $120 plus benefits.
Posted by LigerFan
Member since Jan 2014
2711 posts
Posted on 7/12/21 at 12:42 pm to
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 by FinleyStreet
Member since Aug 2011
7898 posts
Posted on 7/12/21 at 12:43 pm to
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 by dgnx6
Baton Rouge
Member since Feb 2006
68444 posts
Posted on 7/12/21 at 3:49 pm to
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 by baldona
Florida
Member since Feb 2016
20401 posts
Posted on 7/12/21 at 8:10 pm to
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 by Shellbeacher
Member since Jul 2020
23 posts
Posted on 7/13/21 at 10:26 am to
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.
Posted by Shellbeacher
Member since Jul 2020
23 posts
Posted on 7/13/21 at 10:29 am to
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 by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 7/13/21 at 10:49 am to
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 by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35289 posts
Posted on 7/13/21 at 10:54 am to
quote:

We were hoping to be well under $100k


Lol good luck with this
Posted by FinleyStreet
Member since Aug 2011
7898 posts
Posted on 7/13/21 at 10:59 am to
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.
Posted by LigerFan
Member since Jan 2014
2711 posts
Posted on 7/13/21 at 11:00 am to
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.
This post was edited on 7/13/21 at 11:03 am
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 7/13/21 at 11:46 am to
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 by Shellbeacher
Member since Jul 2020
23 posts
Posted on 7/13/21 at 11:49 am to
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 by BottomlandBrew
Member since Aug 2010
27069 posts
Posted on 7/13/21 at 11:49 am to
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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