Financial Coordinator Salary

Average Financial Coordinators in the United States make around $18.06 per hour. Cash earnings for Financial Coordinators — which occasionally include more than $3K from bonuses and more than $4K from profit sharing — stretch from around $30K to approximately $56K. Location and career duration each impact pay for this group, with the former having the largest influence. Health benefits are not claimed by all — nearly one in four lack any form of coverage — but the larger part have medical insurance, and a majority have dental, too. Job satisfaction for Financial Coordinators is high. Women make up the vast majority of Financial Coordinators (89 percent) who answered the questionnaire. This overview is based on answers to PayScale's salary questionnaire.

$32,075 - $60,223

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$13.37 - $24.33

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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$21K$42K$63K
Salary
$32,075 - $60,223  
   
Bonus
$0.00 - $3,145  
Profit Sharing
$98.63 - $4,055  
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).
)
$29,568 - $56,383  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 256
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$12$24$36
Hourly Rate
$13.37 - $24.33  
   
Overtime
$17.94 - $35.60  
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$24K$48K$72K
Bonus
$0.00 - $3,145  
   
Profit Sharing
$98.63 - $4,055  
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).
)
$29,568 - $56,383  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 428
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Job Description for Financial Coordinator

Financial coordinators are generally responsible for record keeping within their organization. They create payment schedules to help customers handle outstanding payments, and they subsequently makes sure customers stick to these schedules. The main objective of a financial coordinator is to ensure their business maximizes revenue from the business it conducts. They oversee the majority of accounts payable and receiving transactions. as well as constantly evaluate incoming transactions and interest rates - recommending changes as appropriate to ensure maximum financial returns. Additionally, the financial coordinator is responsible for monitoring all outgoing vendor payments, ensuring payments go out on time and that no late fees or penalties are charged.

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Financial Coordinator Tasks

  • Create and process invoices, accounts, and payments.
  • Verify, schedule, and prepare transaction information.
  • Collect, analyze, and report on financial data in databases, documents, and presentations.

Common Career Paths for Financial Coordinator


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Financial Coordinators who go on to become Office Managers of Dental Offices may see somewhat stagnant compensation. On average, an Office Manager of a Dental Office, an upper-level role, pays $41K.

Financial Coordinator Job Listings

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Popular Skills for Financial Coordinator


Survey respondents exploit a significant toolbox of skills in their work. Most notably, facility with Accounting, Budget Management, and General Ledger Accounting are correlated to pay that is significantly above average, leading to increases of 25 percent, 18 percent, and 7 percent, respectively. Those listing Financial Applications as a skill should be prepared for drastically lower pay. Collections and Accounts Receivable also typically command lower compensation. For most people, competency in Accounts Receivable indicates knowledge of Accounts Payable and Financial Reporting. It is often found that people who know Insurance are also skilled in Financial Reporting.

Pay by Experience Level for Financial Coordinator

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


Financial Coordinators do not generally earn higher incomes from more experience in the field. Those who have worked for fewer than five years take home a median salary of $38K, and workers with five to 10 years of experience earn a higher $41K on average. Financial Coordinators claiming one to two decades of experience make an estimated median of $42K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $47K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location


For Financial Coordinators, busy New York offers a higher-than-average pay rate, 46 percent above the national average. Financial Coordinators will also find cushy salaries in Washington (+31 percent), Minneapolis (+24 percent), Boston (+23 percent), and Denver (+13 percent). Austin is home to the smallest salaries in the field, lagging the national average by 11 percent. Employers also pay below the national average in Atlanta (10 percent lower) and Charlotte (7 percent lower).

Related Job Salaries

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Experience Affects Financial Coordinator Salaries




National Average
$41,000


Skills That Affect Financial Coordinator Salaries

Accounting
up arrow 25%

Budget Management
up arrow 18%

General Ledger Accounting
up arrow 7%

Payroll Administration
up arrow 4%

Financial Analysis
up arrow 3%

National Average
$41,000

Financial Reporting
up arrow 2%

Insurance
up arrow 3%

Accounts Payable
up arrow 3%

Billing
up arrow 3%

Accounts Receivable
up arrow 4%

Collections
up arrow 4%

Financial Applications
up arrow 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 146 votes.

Gender

Female
89 %
Male
11 %

Years of Experience

Less than 1 year
2%
1-4 years
35%
5-9 years
23%
10-19 years
25%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 69% dental benefits Dental: 59%
vision benefits Vision: 44% employee benefits None: 24%
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