Financial Managers Salaries in Midland, TX

About Financial Managers

Financial Controllers oversee all accounting operations within an organization—managing the general ledger, financial reporting, internal controls, and compliance with accounting standards. The controller is the chief accounting officer in many organizations, responsible for the accuracy and completeness of financial statements and for ensuring that accounting policies comply with GAAP or IFRS. They oversee the month-end and year-end close process, direct accounts payable, accounts receivable, payroll, and tax compliance functions, and manage the external audit relationship. Controllers design and maintain internal controls that prevent fraud and ensure the accuracy of financial reporting—a critical responsibility for publicly traded companies operating under Sarbanes-Oxley. They develop accounting policies for complex transactions and provide technical accounting guidance to the business. FP&A functions often interface closely with the controller to obtain the accurate historical data needed for forecasting. Controllers in larger organizations manage teams of senior accountants, accounting managers, and AP/AR clerks. CPA licensure is nearly universal at the controller level, and the role often requires ten or more years of accounting experience.

What Financial Managers Do

• Oversee the month-end and year-end financial close process
• Prepare and review financial statements for accuracy and GAAP compliance
• Manage accounting operations including AP, AR, payroll, and general ledger
• Design and maintain internal controls over financial reporting
• Manage the external audit and coordinate deliverables with auditors
• Provide technical accounting guidance on complex transactions
• Develop and enforce accounting policies and procedures
• Support tax compliance activities in coordination with the tax function

Key Skills & Qualifications

• GAAP and financial reporting standards knowledge
• Internal controls and Sarbanes-Oxley compliance
• Financial close management and process improvement
• ERP financial systems (SAP, Oracle, NetSuite)
• External audit management
• Technical accounting research and policy development
• CPA licensure
• Team leadership and staff development

Career Path

1. Senior Accountant / Audit Manager
2. Accounting Manager
3. Controller
4. Assistant Controller / Controller
5. CFO

Financial Managers Market in Midland, TX