Finance Specialist Salary

Finance Specialists in the United States pull down an average of $45K per year. Men are in the minority of survey respondents, with female Finance Specialists making up 74 percent. A large number enjoy medical and dental coverage in this occupation, and the greater part get vision benefits. Job satisfaction for Finance Specialists is high. This report is based on answers to PayScale's salary questionnaire.
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$29,980 - $83,544

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$12.74 - $22.96

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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
$29,980 - $83,544  
   
Bonus
$0.00 - $13,702  
Profit Sharing
$1,850 - $5,000  
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).
)
$28,426 - $83,290  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 180
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
$12.74 - $22.96  
   
Overtime
$20.28 - $35.48  
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 - $13,702  
   
Profit Sharing
$1,850 - $5,000  
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).
)
$28,426 - $83,290  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 76
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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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Finance Specialists often transition into Senior Financial Analyst positions, for which compensation tends to be much higher. On average, Senior Financial Analysts earn $75K per year.

Finance Specialist Job Listings

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Popular Skills for Finance Specialist


Overall, survey participants reported applying a fair number of skills to their work. Most notably, facility with Financial Reporting and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 43 percent and 32 percent, respectively. At the other end of the pay range are skills like Microsoft Excel, Accounts Payable, and Accounts Receivable. It is often found that people who know Accounts Payable are 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 $39K, but survey participants with five to 10 years of experience earn a significantly higher median of $50K. After working for 10 to 20 years, Finance Specialists make a median salary of $48K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $47K, 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
$42,000


Skills That Affect Finance Specialist Salaries

Financial Reporting
up arrow 43%


National Average
$42,000

Payroll Administration
up arrow 3%



Microsoft Excel
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 52 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
3%
1-4 years
44%
5-9 years
27%
10-19 years
20%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 81%
vision benefits Vision: 65% employee benefits None: 7%
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