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Finance Specialist Salary

For Finance Specialists, yearly average wages total $45K annually. The majority of workers are highly satisfied with their job. Men are in the minority of survey respondents, with female Finance Specialists making up 72 percent. Most receive medical and dental insurance and a majority get vision insurance. This report is based on responses to the PayScale salary survey.
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$29,405 - $86,658
(Median)
$29K
$45K
$87K
MEDIAN: $45,121
10%
50%
90%

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$12.16 - $24.88
(Median)
$12
$16
$25
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$30K$60K$90K
Salary
$29,405 - $86,658  
   
Bonus
$0.00 - $14,840  
Profit Sharing
$2,035 - $3,909  
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).
)
$27,621 - $87,073  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 172
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
$12.16 - $24.88  
   
Overtime
$16.15 - $34.77  
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 - $14,840  
   
Profit Sharing
$2,035 - $3,909  
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).
)
$27,621 - $87,073  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 79
United States (change)

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' salaries can rise greatly for those who assume a higher-end position such as a Senior Financial Analyst. Senior Financial Analysts get paid an average $74K per year.

Finance Specialist Job Listings

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Popular Skills for Finance Specialist


Survey takers who work as Finance Specialists typically report just a few professional skills. Fortunate workers who know Financial Analysis can expect a significant pay bump, scoring salaries 26 percent above average. Skills that seem to negatively impact pay include Accounts Payable and Accounts Receivable. 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.


Experience and pay tend to be weakly linked for Finance Specialists — those with more experience do not necessarily bring in higher earnings. Respondents with less than five years' experience take home $39K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $49K. Finance Specialists bring in $49K after working for 10 to 20 years. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $52K.

Related Job Salaries

Experience Affects Finance Specialist Salaries

Late-Career
up arrow 25%

Experienced
up arrow 18%


National Average
$42,000

Entry-Level
up arrow 7%

Skills That Affect Finance Specialist Salaries

Financial Analysis
up arrow 26%

National Average
$42,000

Payroll Administration
up arrow 2%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 62 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
4%
1-4 years
43%
5-9 years
27%
10-19 years
18%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 80%
vision benefits Vision: 64% employee benefits None: 7%