For Finance Specialists, yearly average wages total $48K annually. Career length is the biggest factor affecting pay for this group, followed by geography. Most Finance Specialists report high levels of job satisfaction. Most receive medical and dental insurance and the larger part get vision insurance. Men are in the minority of survey respondents, with female Finance Specialists making up 71 percent. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$34,254 - $81,290
(Median)
$34K
$48K
$81K
MEDIAN: $48,137
10%
50%
90%

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$13.99 - $23.85
(Median)
$14
$18
$24
MEDIAN: $18.00
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
$34,254 - $81,290  
   
Bonus
$151.01 - $11,973  
Profit Sharing
$3,000  
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).
)
$32,741 - $80,278  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 150
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
$13.99 - $23.85  
   
Overtime
$21.85 - $36.09  
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
$151.01 - $11,973  
   
Profit Sharing
$3,000  
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).
)
$32,741 - $80,278  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 61
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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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For Finance Specialists, progressing to a Finance Manager role may result in a significant raise. On average, a Finance Manager can earn $85K annually.

Finance Specialist Job Listings

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Popular Skills for Finance Specialist


Survey results suggest that Finance Specialists use a fairly large toolkit of professional 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 40 percent, 13 percent, and 9 percent, respectively. At the other end of the pay range are skills like Accounts Payable, Payroll Administration, and Accounts Receivable. Most people who know Accounts Payable also know 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.


Survey participants with less than five years' experience pocket $42K on average, but those with five to 10 years of experience enjoy a much bigger median of $55K. Finance Specialists with one to two decades of relevant experience report an average salary of approximately $48K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $53K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

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Experience Affects Finance Specialist Salaries




National Average
$45,000


Skills That Affect Finance Specialist Salaries

Financial Reporting
up arrow 40%

Budget Management
up arrow 13%


General Ledger Accounting
up arrow 4%

National Average
$45,000

Microsoft Excel
up arrow 3%



Payroll Administration
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 44 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
5%
1-4 years
41%
5-9 years
22%
10-19 years
20%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 82%
medical benefits
Vision: 65%
dental benefits
None: 9%
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