Financial Administrator Salary

Financial Administrators in the United States can expect wages of $46K annually on average. Incomes of Financial Administrators vary widely depending on performance components; bonuses and profit sharing that can occasionally exceed $5K cause paychecks to spread between $30K on the low end and $67K on the high end. Geography is the biggest factor affecting pay for this group, followed by career duration. The majority of workers are highly satisfied with their job. Financial Administrators who responded to the questionnaire are largely women, dominating at 84 percent. Unfortunately, some people in this line of work are without benefits — just under one in three lack coverage. On the flip side, the greater part have medical insurance and half receive dental plans.

$32,148 - $67,719

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$12.53 - $25.56

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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$23K$46K$69K
Salary
$32,148 - $67,719  
   
Bonus
$0.00 - $5,061  
Profit Sharing
$496.65 - $5,034  
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).
)
$30,413 - $66,686  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 247
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$13$26$39
Hourly Rate
$12.53 - $25.56  
   
Overtime
$0.00 - $37.46  
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$26K$52K$78K
Bonus
$0.00 - $5,061  
   
Profit Sharing
$496.65 - $5,034  
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).
)
$30,413 - $66,686  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 117
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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 Financial Reporting, Accounting, Bookkeeping, and Accounts Payable are correlated to pay that is above average. At the other end of the pay range are skills like Payroll Administration, Human Resources, and Accounts Receivable. Most people skilled in Accounting are similarly competent in Bookkeeping and Payroll Administration.

Pay by Experience Level for Financial Administrator

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


Experience and pay tend to be weakly linked for Financial Administrators — those with more experience do not necessarily bring in higher earnings. Individuals who have worked for fewer than five years bring in approximately $41K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $43K. Financial Administrators claiming one to two decades of experience make an estimated median of $46K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $50K.

Pay Difference by Location


Home to some of the best pay for Financial Administrators, Oklahoma City offers exceptional salaries, 18 percent above the national average. Financial Administrators will also find cushy salaries in Atlanta (+15 percent) and New York (+8 percent). Pittsburgh ranks last in the field for pay, reporting salaries 8 percent below the national average.

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Experience Affects Financial Administrator Salaries




National Average
$43,000


Skills That Affect Financial Administrator Salaries

Financial Reporting
up arrow 2%

Accounting
up arrow 1%

National Average
$43,000




Human Resources
up arrow 8%


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
1%
1-4 years
32%
5-9 years
24%
10-19 years
25%
20 years or more
18%

Common Health Benefits

medical benefits Medical: 68% dental benefits Dental: 51%
vision benefits Vision: 39% employee benefits None: 28%
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