Finance Specialist Salary

Finance Specialists in the United States can expect wages of $45K annually on average. Most Finance Specialists like their work and job satisfaction is high. In this profession, most enjoy medical and dental coverage, and a majority have vision insurance, as well. Men are in the minority of survey respondents, with female Finance Specialists making up 73 percent. The numbers in this rundown were provided by PayScale's salary survey participants.
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$30,093 - $84,287
(Median)
$30K
$45K
$84K
MEDIAN: $45,341
10%
50%
90%

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$12.72 - $23.00
(Median)
$13
$16
$23
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$29K$58K$87K
Salary
$30,093 - $84,287  
   
Bonus
$0.00 - $13,574  
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).
)
$28,445 - $84,097  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 182
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$12.72 - $23.00  
   
Overtime
$20.28 - $35.48  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $13,574  
   
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).
)
$28,445 - $84,097  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 75
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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 might see a strong upturn in salary after transitioning into upper-level roles such as Senior Financial Analyst, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $75K per year.

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 and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 42 percent and 31 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel, Accounts Payable, and Accounts Receivable. Most people familiar with 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.


Although individuals who have less than five years' experience earn $40K on average, people with five to 10 years benefit from a notably larger average of $50K. On average, Finance Specialists make $48K following one to two decades on the job. Survey participants who have worked for more than two decades report bringing in $47K on average.

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Experience Affects Finance Specialist Salaries




National Average
$42,000


Skills That Affect Finance Specialist Salaries

Financial Reporting
up arrow 42%


National Average
$42,000

Payroll Administration
up arrow 4%



Microsoft Excel
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 53 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
3%
1-4 years
43%
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: 64% employee benefits None: 7%
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