Finance Administrator Salary
|Salary||$34,804 - $82,437|
|Bonus||$0.00 - $4,228|
|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).)
|$33,021 - $69,107|
|Hourly Rate||$14.59 - $25.60|
|Overtime||$21.09 - $37.38|
|Bonus||$0.00 - $4,228|
|Total Pay (||$33,021 - $69,107|
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.Read More...
Finance administrators generally work in an office environment during regular business hours, although overtime may be required to meet key deadlines. They must monitor multiple departments involved in financial matters, such as accounts receivable and operations. Close work with management in every department is necessary to produce a budget and for future planning. They also contact customers or other organizations to discuss financial matters, such as late payments or the specifics of a financial deal.
Finance administrators require a bachelor’s degree in finance or a related field, such as accounting. Many companies prefer candidates have a master's of business administration (MBA) and possibly be a certified public accountant (CPA) as well. To reach the administrative level, they must have relevant experience, usually five to seven or more. (Copyright 2017 PayScale.com)
Finance Administrator Tasks
- Review and verify accuracy of financial and contract paperwork and processes.
- Create budget templates and serve as point of contact for questions and exceptions.
- Maintain accounts and follow up to verify and close invoices and collect fees.
- Document project status, obstacles, reporting and reviews.
Finance Administrator Job Listings
Popular Skills for Finance Administrator
Finance Administrators report using a diverse set of skills on the job. Most notably, skills in Accounting, Payroll Administration, Financial Analysis, and Accounts Payable are correlated to pay that is above average, with boosts between 7 percent and 10 percent. Skills that pay less than market rate include Account Management and Accounts Receivable. The majority of those who know Accounting also know Microsoft Excel.
Pay by Experience Level for Finance Administrator
Pay by Experience for a Finance Administrator has a positive trend. An entry-level Finance Administrator with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 57 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Finance Administrator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46,000 based on 33 salaries. An experienced Finance Administrator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $52,000 based on 29 salaries. A Finance Administrator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $56,000 based on 28 salaries.
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Key Stats for Finance Administrator
Rated 5 out of 5
based on 28 votes.