Finance Specialist Salary

Finance Specialists in the United States take home approximately $45K per year on average. Most Finance Specialists survey respondents are women (74 percent). A large number have medical and dental plans, and a majority have vision insurance. Most Finance Specialists report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$30,109 - $84,187
(Median)
$30K
$45K
$84K
MEDIAN: $45,428
10%
50%
90%

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$12.76 - $24.40
(Median)
$13
$16
$24
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
$30,109 - $84,187  
   
Bonus
$0.00 - $13,000  
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).
)
$28,505 - $83,830  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 183
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$14$28$42
Hourly Rate
$12.76 - $24.40  
   
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$28K$56K$84K
Bonus
$0.00 - $13,000  
   
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).
)
$28,505 - $83,830  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 77
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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


Finance Specialists report using a pretty varied skill set on the job. Most notably, facility with Financial Reporting and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 41 percent and 30 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.


Respondents with less than five years' experience take home $40K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $50K. Finance Specialists bring in $49K after working for 10 to 20 years. Folks who have racked up more than 20 years in the field report incomes that aren't higher than less experienced individuals' earnings.

Related Job Salaries

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Experience Affects Finance Specialist Salaries




National Average
$42,000


Skills That Affect Finance Specialist Salaries

Financial Reporting
up arrow 41%


National Average
$42,000

Payroll Administration
up arrow 4%



Microsoft Excel
up arrow 16%

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
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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