Director of Finance & Administration Salary
Between two-thirds and three-fourths of Directors of Finance & Administration in the United States have been in the field for more than 10 years. Pay can fall anywhere from $53K to $154K per year, but median earnings come to around $89K annually. In the world of Directors of Finance & Administration, total cash compensation can vary between $53K and $154K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $27K and $22K, respectively. Location is the biggest factor affecting pay for this group, followed by tenure. Women make up the majority of Directors of Finance & Administration (65 percent) who completed the questionnaire. Medical benefits are awarded to most, and a strong majority earn dental coverage. For the most part, Directors of Finance & Administration enjoy their work and report high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
|Salary||$54,150 - $142,417|
|Bonus||$202.73 - $27,164|
|Profit Sharing||$993 - $21,699|
|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).)
|$53,332 - $153,922|
|Hourly Rate||$17.45 - $41.89|
|Overtime||$0.00 - $59.60|
|Bonus||$202.73 - $27,164|
|Profit Sharing||$993 - $21,699|
|Total Pay (||$53,332 - $153,922|
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 $49K more on average.
Director of Finance & Administration Job Listings
Popular Skills for Director of Finance & Administration
Directors of Finance & Administration report using a large range of skills on the job. 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. Those proficient in Accounting are, more often than not, also skilled in Financial Analysis.
Pay by Experience Level for Director of Finance & Administration
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Directors of Finance & Administration, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Those in the early stages of their career can expect to make around $73K; however, individuals with five to 10 years of experience bring in $85K on average — a distinctly larger sum. After working for 10 to 20 years, Directors of Finance & Administration make a median salary of $96K. Directors of Finance & Administration who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $97K.
Pay Difference by Location
San Diego offers some of the highest pay in the country for Directors of Finance & Administration, 62 percent above the national average. Directors of Finance & Administration can also look forward to large paychecks in cities like Denver (+52 percent), San Francisco (+43 percent), Dallas (+39 percent), and Seattle (+39 percent). One of the biggest compensable factors for Directors of Finance & Administration is geography, with workers in Nashville earning a whopping 25 percent below the national average. Not at the bottom but still paying below the median are employers in Cincinnati and Irvine (21 percent lower and 16 percent lower, respectively).
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Key Stats for Director of Finance & Administration
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