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Finance Administrator Salary

Finance Administrators in the United States can expect to earn an average of $43K per year. Health benefits are not enjoyed by everyone in this line of work, and about a fourth lack any coverage at all. Medical benefits are reported by a fair number and dental coverage is claimed by more than half. The vast majority of Finance Administrators (81 percent) who participated in the survey are women. The majority of workers are highly satisfied with their job. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$31,964 - $70,879
(Median)
$32K
$43K
$71K
MEDIAN: $42,506
10%
50%
90%

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$13.10 - $24.66
(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
$31,964 - $70,879  
   
Bonus
$0.00 - $5,057  
Profit Sharing
$1,334 - $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).
)
$30,155 - $66,660  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 146
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$12$24$36
Hourly Rate
$13.10 - $24.66  
   
Overtime
$19.63 - $35.47  
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$24K$48K$72K
Bonus
$0.00 - $5,057  
   
Profit Sharing
$1,334 - $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).
)
$30,155 - $66,660  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 79

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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.

Financial Administrator Job Listings

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Popular Skills for Finance Administrator


Survey results imply that Finance Administrators put a diverse skill set to use. Most notably, skills in Microsoft Excel, Financial Analysis, Accounting, and Accounts Payable are correlated to pay that is above average, with boosts between 6 percent and 8 percent. At the other end of the pay range are skills like Payroll Administration, Accounts Receivable, and Accounts Payable. Most people skilled in Accounting are similarly competent in 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 more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The average inexperienced worker earns $40K, and someone who has worked for five to 10 years can expect a bigger median salary of $41K. Finance Administrators claiming one to two decades of experience make an estimated median of $42K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $56K.

Related Job Salaries

United States (change)

Experience Affects Finance Administrator Salaries


Experienced
up arrow 2%


National Average
$41,000


Skills That Affect Finance Administrator Salaries




National Average
$41,000

Accounts Payable
up arrow 4%


Payroll Administration
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 52 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
6%
1-4 years
37%
5-9 years
23%
10-19 years
19%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 72% dental benefits Dental: 60%
vision benefits Vision: 46% employee benefits None: 26%