Finance Administrator Salary

Pay for Finance Administrators in the United States sits in the ballpark of $43K per year. Roughly one in four of professionals in this line of work do not receive benefits; however, a fair number report medical coverage and a majority claim dental coverage as well. The vast majority of Finance Administrators (80 percent) who responded to the survey are women. Job satisfaction is reported as high by the vast majority of workers. This snapshot results from replies to PayScale's salary survey.
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$32,161 - $72,011
(Median)
$32K
$43K
$72K
MEDIAN: $42,964
10%
50%
90%

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$13.20 - $25.18
(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$25K$50K$75K
Salary
$32,161 - $72,011  
   
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).
)
$30,334 - $69,826  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 152
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
$13.20 - $25.18  
   
Overtime
$20.82 - $36.23  
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).
)
$30,334 - $69,826  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 85
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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 suggest that Finance Administrators use a fairly large toolkit of professional skills. 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. Skills that are correlated to lower pay, on the other hand, include Accounts Receivable, Payroll Administration, and Accounts Payable. It is often found that people who know Accounting are also skilled 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 a rich background of experience are typically rewarded with larger paychecks. Someone who has worked for fewer than five years earns around $40K on average. Individuals with five to 10 years of experience don't get much more, though; the average income in this group is $41K. Finance Administrators who work for 10 to 20 years in their occupation tend to earn about $42K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $60K on average.

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Experience Affects Finance Administrator Salaries


Experienced
up arrow 1%

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
80 %
Male
20 %

Years of Experience

Less than 1 year
5%
1-4 years
36%
5-9 years
25%
10-19 years
18%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 72% dental benefits Dental: 59%
vision benefits Vision: 46% employee benefits None: 26%
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