Salary Overview
- Average Salary: The average salary for financial controllers in Charlotte is approximately $120,000 per year.
- Salary Range:
- Entry-Level Financial Controllers: Typically earn between $90,000 and $110,000.
- Mid-Level Financial Controllers: Generally earn between $110,000 and $140,000.
- Senior Financial Controllers: Can command salaries of $140,000 to $180,000 or more, depending on experience and company size.
- Bonuses and Benefits: Financial controllers often receive bonuses ranging from 10% to 20% of their salary, along with benefits packages that may include health insurance, retirement plans, and stock options.
Job Description
1. Financial Strategy Development
- Develop and implement financial strategies that align with organizational goals.
- Collaborate with senior management to establish financial objectives and plans.
- Provide financial insights to support strategic decision-making.
2. Budget Management
- Oversee the budgeting process, ensuring accurate and timely preparation.
- Monitor budget performance and provide variance analysis.
- Adjust financial forecasts based on actual performance and changing conditions.
3. Financial Reporting
- Prepare and present monthly, quarterly, and annual financial statements to stakeholders.
- Ensure compliance with accounting standards and regulatory requirements.
- Analyze financial results and provide commentary on performance.
4. Cash Flow Management
- Monitor cash flow and liquidity to ensure the organization can meet its obligations.
- Develop cash flow forecasts and implement strategies for optimizing cash management.
- Manage banking relationships and financing arrangements.
5. Internal Controls
- Establish and maintain internal controls to safeguard company assets.
- Review and enhance financial policies and procedures.
- Ensure compliance with regulations and best practices.
6. Team Leadership and Development
- Lead and mentor the finance team, providing guidance and support.
- Conduct performance evaluations and identify training needs.
- Foster a collaborative and productive work environment.
7. Audit Coordination
- Coordinate internal and external audits to ensure compliance and accuracy.
- Prepare necessary documentation and reports for auditors.
- Implement recommendations to improve financial processes.
8. Cost Management
- Analyze and manage operational costs to improve profitability.
- Develop cost control measures and monitor their effectiveness.
- Collaborate with department heads to identify cost-saving opportunities.
9. Financial Analysis
- Conduct financial analysis to assess business performance and profitability.
- Prepare financial models to evaluate investment opportunities and risks.
- Provide recommendations based on analytical findings.
10. Regulatory Compliance
- Ensure compliance with all relevant financial regulations and reporting requirements.
- Stay updated on changes in financial legislation and best practices.
- Implement policies and procedures to maintain compliance.
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