Finance Administrator Salary

Average Finance Administrators in the United States make around $45K annually. Including potential for bonuses and profit sharing — peaking near $5K and $6K, respectively — total cash payment to Finance Administrators can bottom out near $30K or peak near $72K depending on individual performance. For the most part, Finance Administrators enjoy their work and report high levels of job satisfaction. Health benefits are not enjoyed by everyone in this line of work, and close to a fourth lack any coverage at all. Medical benefits are reported by a strong majority and dental coverage is claimed by the greater part. Figures cited in this summary are based on replies 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


Survey results show that Finance Administrators use a fair number of skills. 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 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 generally obtain higher compensation for more plentiful past experience. Average salaries for inexperienced employees average out to around $40K, but folks who have five to 10 years of experience earn a higher median of $42K. On average, Finance Administrators make $42K following one to two decades on the job. Finance Administrators who have spent more than 20 years on the job report earning a significantly higher median of $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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