Finance Administrator Salary

Finance Administrators in the United States can expect to earn an average of $45K annually. Total cash compensation to Finance Administrators approaches anywhere from $30K on the lower end to $72K on the higher end; in exceptional cases, this can include more than $5K from bonuses and upwards of $6K from profit sharing. Most workers in this position report high levels of job satisfaction. Unfortunately, some people in this line of work are without benefits — nearly one-fourth lack coverage. On the flip side, a strong majority have medical insurance and a majority receive dental plans. This report is based on answers to PayScale's salary questionnaire.
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$33,641 - $75,684
(Median)
$34K
$45K
$76K
MEDIAN: $44,705
10%
50%
90%

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$13.38 - $25.23
(Median)
$13
$17
$25
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Salary
$33,641 - $75,684  
   
Bonus
$0.00 - $5,093  
Profit Sharing
$-0.50 - $5,960  
Commission
$2,000  
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).
)
$30,368 - $71,510  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 151
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$13.38 - $25.23  
   
Overtime
$20.96 - $37.59  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$0.00 - $5,093  
   
Commission
$2,000  
Profit Sharing
$-0.50 - $5,960  
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).
)
$30,368 - $71,510  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 96
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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 report using a diverse set of skills on the job. Most notably, skills in Financial Analysis, Microsoft Excel, Accounting, and Account Management 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 Accounts Receivable, Accounts Payable, and Payroll Administration. Most people 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Those who have worked for fewer than five years take home a median salary of $40K, and workers with five to 10 years of experience earn a higher $42K on average. Finance Administrators with one to two decades of relevant experience report an average salary of approximately $42K. Average wages for folks with more than 20 years of experience come out to around $61K.

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Experience Affects Finance Administrator Salaries



National Average
$42,000



Skills That Affect Finance Administrator Salaries




National Average
$42,000

Account Management
up arrow 4%

Payroll Administration
up arrow 6%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 47 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 72%
dental benefits
Dental: 62%
medical benefits
Vision: 50%
dental benefits
None: 26%
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