Director of Finance & Administration Salary
More than two-thirds of Directors of Finance & Administration in the United States have been in the field for more than 10 years. Pay can fall anywhere from $52K to $154K per year, but median earnings come to around $89K annually. Cash earnings for Directors of Finance & Administration — including $29K in bonuses and $21K in profit sharing proceeds near the top of the pay scale — generally stretch from $52K to $154K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by career length. Most Directors of Finance & Administration report high levels of job satisfaction. More than half of Directors of Finance & Administration (65 percent) survey participants are women. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Respondents to the PayScale salary survey provided the data for this report.
|Salary||$52,993 - $141,980|
|Bonus||$153.19 - $29,038|
|Profit Sharing||$1,237 - $21,438|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$52,315 - $154,405|
|Hourly Rate||$17.54 - $40.74|
|Overtime||$0.00 - $59.60|
|Bonus||$153.19 - $29,038|
|Profit Sharing||$1,237 - $21,438|
|Total Pay (||$52,315 - $154,405|
Job Description for Director of Finance & Administration
Directors of finance and administration are experienced employees who oversee the daily financial and administrative activity for a company. This position typically require at least a bachelor’s degree in business administration, accounting, finance, or another related field; it also usually requires many years of experience working in administration and financial management, with both legal degrees and management experience preferred.Read More...
Directors of finance and administration oversee many of the internal finances and human resource tasks of an organization. They work to ensure proper functioning of all financial administration and financial processes, including accounting and budgets, employee salaries and benefits, and other internal processes. Directors of finance and administration also monitor employee records to ensure that employees are paid accurately through regular work pay, overtime, bonuses, and other benefits and allowances. They also work to make sure that this compensation is paid on time.
Directors of finance and administration work collaboratively with other departments to develop and manage budgets for projects and activities. They ensure that the funding is readily available and being appropriately assigned for the projects.
Directors of finance and administration are often preferred to have legal degrees or experience with the legalities of business finance because it is their responsibility to ensure that reports are maintained properly and that all accounting procedures are compliant with federal regulations and policies. They must monitor the monthly cash flow and report any concerns or discrepancies.
Directors of finance and administration must have exceptional communication skills, both verbal and written, since they will often be working closely with other departments within their company. They also must have strong management and organizational skills.
Director of Finance & Administration Tasks
- Develop, refine, and direct use of accounting systems and internal control of those systems.
- Coordinate all audits and work with internal teams to meet operating goals.
- Hire and supervise staff in daily operations.
- Direct profit forecasts, expense budgets, and accounting analyses.
- Direct daily management of budget and human resources.
Common Career Paths for Director of Finance & Administration
While not commonly seen, Directors of Finance & Administration who transition into a VP of Finance or Chief Financial Officer position may see a rise in pay. The median salary for VPs of Finance and Chief Financial Officers is $145K per year. Typical career progression for a Director of Finance & Administration involves becoming a Chief Financial Officer or a VP of Finance, roles that pay $33K more and $50K more on average.
Director of Finance & Administration Job Listings
Popular Skills for Director of Finance & Administration
Survey takers working as Directors of Finance & Administration report using a large range of professional skills. Most notably, facility with Financial Modeling, Senior Financial Management, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 46 percent, 14 percent, and 10 percent, respectively. Those listing Accounts Payable as a skill should be prepared for drastically lower pay. Office Management and Payroll Administration also typically command lower compensation. Most people familiar with Accounting also know Financial Analysis.
Pay by Experience Level for Director of Finance & Administration
Pay by Experience for a Director of Finance & Administration has a positive trend. An entry-level Director of Finance & Administration with less than 5 years of experience can expect to earn an average total compensation of $73,000 based on 161 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Director of Finance & Administration with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $85,000 based on 305 salaries. An experienced Director of Finance & Administration which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $96,000 based on 504 salaries. A Director of Finance & Administration with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $97,000 based on 327 salaries.
Pay Difference by Location
Surpassing the national average by 63 percent, Directors of Finance & Administration in San Diego receive some of the highest pay in the country. Directors of Finance & Administration can also look forward to large paychecks in cities like Denver (+53 percent), San Francisco (+44 percent), Dallas (+40 percent), and Seattle (+39 percent). Directors of Finance & Administration in Nashville make 25 percent less than the national average, proving that location is a major factor in pay. Employers pay around 21 percent less in Cincinnati and 15 percent less in Irvine, below-median salaries for those in this field.
Related Job Salaries
Key Stats for Director of Finance & Administration
Rated 5 out of 5
based on 196 votes.