Finance Specialist Salary

Average Finance Specialists in the United States make around $45K annually. Overall cash earnings for Finance Specialists stretch from $29K on the lower end to $79K near the top, and the heftiest packages can encompass around $15K from bonuses and $8K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. The majority of workers are highly satisfied with their job. Men are in the minority of survey respondents, with female Finance Specialists making up 74 percent. Medical and dental coverage is claimed by most, and more than half earn vision coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$30,282 - $82,268
(Median)
$30K
$45K
$82K
MEDIAN: $44,509
10%
50%
90%

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$12.72 - $22.80
(Median)
$13
$17
$23
MEDIAN: $16.00
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$28K$56K$84K
Salary
$30,282 - $82,268  
   
Bonus
$0.00 - $14,873  
Profit Sharing
$51.06 - $7,830  
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).
)
$28,992 - $78,998  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 200
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
$12.72 - $22.80  
   
Overtime
$16.52 - $34.43  
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
$0.00 - $14,873  
   
Profit Sharing
$51.06 - $7,830  
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).
)
$28,992 - $78,998  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 81
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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

  • 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.
  • Enter and analyze data, and create reports for internal and external audiences.
  • Manage and coordinate audits and financial reconciliations.

Common Career Paths for Finance Specialist


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Advancing into a Senior Financial Analyst role seems to be a popular career move for Finance Specialists, and folks who currently work in the latter position report a notably larger median income of $75K per year.

Finance Specialist Job Listings

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Popular Skills for Finance Specialist


Survey results imply that Finance Specialists put a diverse skill set to use. Most notably, facility with Financial Reporting and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 46 percent and 26 percent, respectively. Skills that pay less than market rate include Accounts Payable, Accounts Receivable, and Microsoft Excel. Those proficient in Accounts Payable are, more often than not, also skilled in 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 $40K, but survey participants with five to 10 years of experience earn a significantly higher median of $49K. Finance Specialists bring in $48K after working for 10 to 20 years. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $46K.

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Experience Affects Finance Specialist Salaries




National Average
$42,000


Skills That Affect Finance Specialist Salaries

Financial Reporting
up arrow 46%


National Average
$42,000

Microsoft Excel
up arrow 3%

Payroll Administration
up arrow 3%

Accounts Receivable
up arrow 4%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 56 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
3%
1-4 years
42%
5-9 years
27%
10-19 years
21%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 81%
medical benefits
Vision: 63%
dental benefits
None: 8%
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