Finance Administrator Salary

The average Finance Administrator in the United States can expect to rake in roughly $43K annually. Most Finance Administrators like their work and job satisfaction is high. Unfortunately, some people in this line of work are without benefits — one-fourth lack coverage. On the flip side, a strong majority have medical insurance and a majority receive dental plans. The vast majority of Finance Administrators (81 percent) who responded to the survey are women. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$32,197 - $71,935
(Median)
$32K
$43K
$72K
MEDIAN: $43,077
10%
50%
90%

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$13.05 - $25.14
(Median)
$13
$17
$25
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Salary
$32,197 - $71,935  
   
Bonus
$0.00 - $5,106  
Profit Sharing
$800 - $4,500  
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).
)
$30,209 - $69,696  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 153
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$13.05 - $25.14  
   
Overtime
$19.97 - $36.14  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $5,106  
   
Profit Sharing
$800 - $4,500  
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).
)
$30,209 - $69,696  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 86
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Job Description for Finance Administrator

Finance administrators are responsible for all aspects of an organization’s finance and budget concerns. This includes managing accounts receivable and accounts payable, designing and implementing the budget, and handling any investments or capital expenditures in which the organization might engage. Finance administrators ensure that all payments the company owes have been made and monitor incoming payments and revenue to maintain a proper cash flow. Additionally, they produce a budget, working closely with other managers. They are required to make regular reports on the current and future state of the company’s finances and financial plans. They must react to changes in revenues, expenditures, or even radical shifts in company focus due to new developments or opportunities.

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Finance Administrator Tasks

  • Maintain accounts and follow up to verify and close invoices and collect fees.
  • Document project status, obstacles, reporting and reviews.
  • Review and verify accuracy of financial and contract paperwork and processes.
  • Create budget templates and serve as point of contact for questions and exceptions.

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Popular Skills for Finance Administrator


Finance Administrators generally report applying a varied skill set to their work. Most notably, skills in Microsoft Excel, Financial Analysis, Accounting, and Account Management are correlated to pay that is above average, with boosts in pay of 8 percent. At the other end of the pay range are skills like Accounts Receivable, Payroll Administration, and Accounts Payable. The majority of those who know Accounting also know Microsoft Excel.

Pay by Experience Level for Finance Administrator

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Finance Administrators with a lot of experience tend to enjoy higher earnings. Salaries for inexperienced workers average out to $41K, and those with five to 10 years' experience earn a higher median of $40K. For Finance Administrators, 10 to 20 years of experience on the job amounts to an average salary of $42K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $60K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

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Experience Affects Finance Administrator Salaries


Experienced
up arrow 2%

National Average
$41,000



Skills That Affect Finance Administrator Salaries




National Average
$41,000

Account Management
up arrow 3%

Accounts Payable
up arrow 5%


Payroll Administration
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 51 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
5%
1-4 years
36%
5-9 years
25%
10-19 years
18%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 72% dental benefits Dental: 59%
vision benefits Vision: 46% employee benefits None: 27%
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