Financial Administrator Salary

Median pay for Financial Administrators in the United States lies in the neighborhood of $46K per year. The range in cash compensation to Financial Administrators ($30K to $67K) includes potential earnings of $5K each from bonuses and profit sharing in exceptional cases. Location and tenure each impact pay for this group, with the former having the largest influence. Not all workers are lucky enough to have benefits; in fact, slightly less than a third are without coverage. Medical insurance is claimed by the larger part and dental insurance is reported by a little more than half. There are far more female Financial Administrators who answered the questionnaire than men, making up 84 percent. Most Financial Administrators like their work and job satisfaction is high.

$31,667 - $67,799
(Median)
$32K
$46K
$68K
MEDIAN: $46,063
10%
50%
90%

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$12.40 - $25.78
(Median)
$12
$17
$26
MEDIAN: $17.00
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$23K$46K$69K
Salary
$31,667 - $67,799  
   
Bonus
$0.00 - $5,007  
Profit Sharing
$493.16 - $5,068  
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).
)
$30,077 - $66,887  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 246
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$13$26$39
Hourly Rate
$12.40 - $25.78  
   
Overtime
$0.00 - $37.67  
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$26K$52K$78K
Bonus
$0.00 - $5,007  
   
Profit Sharing
$493.16 - $5,068  
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).
)
$30,077 - $66,887  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 113
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Job Description for Financial Administrator

Financial administrators are in charge of managing financial-related tasks for their company. They perform budget and payroll transactions, maintain separate account such as discretionary and grant funding, and maintain accurate financial records for tax-related purposes. They must follow company policies to process payments, approve money transfers, keep financial statements, review reimbursements, and approve purchase order requisitions. Additionally, they prepare financial reports, and collaborate with other departments as needed.

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Financial Administrator Tasks

  • Maintain accounts and follow up to verify and close invoices and collect fees.
  • Document project status, obstacles, reporting and reviews.
  • Review and verify accuracy of financial and contract paperwork and processes.
  • Create budget templates and serve as point of contact for questions and exceptions.

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Popular Skills for Financial Administrator


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Accounting, Financial Reporting, Bookkeeping, and Accounts Payable are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Payroll Administration, Human Resources, and Accounts Receivable. The majority of those who know Accounting also know Bookkeeping and Payroll Administration.

Pay by Experience Level for Financial Administrator

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Financial Administrators, extensive experience does not lead to significantly more money. Folks who are navigating the first five years of their careers have a median salary of approximately $41K in this position. Those who have been around for five to 10 years don't get much more, though; the median salary in that group is $43K. People with 10 to 20 years of experience make an average of about $46K in this role. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $50K.

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Experience Affects Financial Administrator Salaries




National Average
$43,000


Skills That Affect Financial Administrator Salaries

Accounting
up arrow 3%

Financial Reporting
up arrow 3%

National Average
$43,000

Bookkeeping
up arrow 4%



Human Resources
up arrow 7%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 101 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
2%
1-4 years
31%
5-9 years
24%
10-19 years
26%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 67% dental benefits Dental: 52%
vision benefits Vision: 39% employee benefits None: 28%
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