Finance Specialist Salary

Finance Specialists in the United States can expect to earn an average of $48K annually. With some bonuses approaching $12K and certain profit sharing proceeds approaching $8K, overall incomes of Finance Specialists spread between $32K and $79K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Most enjoy medical and dental coverage in this occupation, and the larger part get vision benefits. The majority of workers are highly satisfied with their job. Most Finance Specialists survey respondents are women (73 percent). Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$32,773 - $82,367
$33K
$48K
$82K
MEDIAN: $48,292
10%
50%
90%

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$14.06 - $23.50
$14
$18
$24
MEDIAN: $18.09
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$28K$56K$84K
Salary
$32,773 - $82,367  
   
Bonus
$98.63 - $12,255  
Profit Sharing
$50.34 - $7,946  
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).
)
$32,223 - $79,083  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 144
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$14$28$42
Hourly Rate
$14.06 - $23.50  
   
Overtime
$22.05 - $36.22  
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$28K$56K$84K
Bonus
$98.63 - $12,255  
   
Profit Sharing
$50.34 - $7,946  
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).
)
$32,223 - $79,083  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 64

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Finance Specialist

Financial specialist provide a variety of financial support services with their companies, directing operations related to financial accounting, cash management, accounts receivable, and accounts payable. They must provide timely payment when money is owed and demand timely payment from customers. Financial specialists must provide support for administrative activities within the financial team as well. Financial specialists serve as liaison between the customer and company, helping resolve any issues with payments or accounts. These professionals typically work full time in an office setting.

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Finance Specialist Tasks

  • Enter and analyze data, and create reports for internal and external audiences.
  • Manage and coordinate audits and financial reconciliations.
  • Process daily payments and follow up with customer billing inquiries.
  • Review and analyze cost reports, contracts, or other financial data to advise clients and internal teams.

Common Career Paths for Finance Specialist


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Finance Specialists' salaries may rise greatly for those who assume a higher-end position such as a Finance Manager. The average Finance Manager brings home $85K per year.

Finance Specialist Job Listings

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Popular Skills for Finance Specialist


Finance Specialists seem to require a number of specific skills. Most notably, facility with Financial Reporting, Budget Management, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 37 percent, 13 percent, and 6 percent, respectively. Skills that pay less than market rate include Accounts Payable, Payroll Administration, and Accounts Receivable. For most people, competency in Accounts Payable indicates knowledge of Financial Analysis and Payroll Administration.

Pay by Experience Level for Finance Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries for the relatively untried average out to around $42K, but survey participants with five to 10 years of experience earn a significantly higher median of $54K. For Finance Specialists, 10 to 20 years of experience on the job amounts to an average salary of $47K. Finance Specialists who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $52K.

Related Job Salaries

Key Stats for Finance Specialist

Gender

Female
73 %
Male
27 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 votes.
Less than 1 year
5%
1-4 years
39%
5-9 years
22%
10-19 years
22%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Finance Specialist Salaries

▲21%

▲17%

▲6%

National Average
$45,000

▼5%

Skills That Affect Finance Specialist Salaries

Financial Reporting
▲37%

Budget Management
▲13%


General Ledger Accounting
▲4%

National Average
$45,000





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 41 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
5%
1-4 years
39%
5-9 years
22%
10-19 years
22%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 82%
vision benefits
Vision: 67%
dental benefits
None: 10%
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