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Financial Coordinator Salary (United States)

The average Financial Coordinator in the United States earns approximately $18.10 per hour. In the world of Financial Coordinators, overall cash allowance can occasionally include more than $3K from bonuses and, in some exceptional cases, $5K from profit sharing, causing incomes to vary widely between $30K and $57K. Geography and tenure each impact pay for this group, with the former having the largest influence. Women make up the vast majority of Financial Coordinators (88 percent) who answered the questionnaire. Not all workers are lucky enough to have benefits; in fact, slightly less than a fourth are without coverage. Medical insurance is claimed by the greater part and dental insurance is reported by the larger part. The majority of workers are highly satisfied with their job. Respondents to the PayScale salary survey provided the data for this report.
Financial Coordinator Salary (?
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.
)
$31,500 - $59,808
(Median)
32K
38K
44K
53K
60K
MEDIAN: $43,652
10%
25%
50%
75%
90%
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Financial Coordinator Salary (?
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.
)
$13.38 - $24.58
(Median)
13
18
21
25
MEDIAN: $18.00
10%
50%
75%
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$20K$40K$60K
Salary
$31,500 - $59,808  
   
Bonus
$0.00 - $3,095  
Profit Sharing
$50.00 - $4,700  
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).
)
$29,676 - $56,776  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 229
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
$13.38 - $24.58  
   
Overtime
$17.92 - $37.52  
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 - $3,095  
   
Profit Sharing
$50.00 - $4,700  
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).
)
$29,676 - $56,776  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 342
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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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For Financial Coordinators, career advancements do not tend to correlate with a rise in salary. On average, lower-level Financial Coordinators earn similar salaries to those in higher-end positions like Office Manager of a Dental Office.

Financial Coordinator Job Listings

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Popular Skills for Financial Coordinator

Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Budget Management, General Ledger Accounting, Financial Analysis, and Collections are correlated to pay that is above average. Those listing Financial Applications as a skill should be prepared for drastically lower pay. Accounts Receivable and Insurance also typically command lower compensation. Most people skilled in Accounts Receivable are similarly competent in Accounts Payable and Financial Reporting. Those proficient in Insurance are, more often than not, 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.
Experience does not seem to be a strong driver of pay increase in this role. Workers with less than five years' experience earn around $38K on average, and those who have five to 10 years under their belts see a higher median salary of $41K. Financial Coordinators claiming one to two decades of experience make an estimated median of $42K. 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 $48K.

Pay Difference By Location

New York
up arrow 47%
Boston
up arrow 23%
Minneapolis
up arrow 23%
Washington
up arrow 13%
Chicago
up arrow 11%
Dallas
up arrow 10%
Philadelphia
up arrow 7%
National Average
$41,000
Houston
up arrow 2%
Austin
up arrow 12%
Larger circles over a city indicate a job is popular in that location.
With a pay rate for Financial Coordinators that is 47 percent greater than the national average, New York offers a comfortable salary for those in this profession. Financial Coordinators will also find cushy salaries in Minneapolis (+23 percent), Boston (+23 percent), Washington (+13 percent), and Chicago (+11 percent). Austin is the lowest-paying area, 12 percent south of the national average.

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Experience Affects Financial Coordinator Salaries

National Average
$41,000

Skills That Affect Financial Coordinator Salaries

Budget Management
up arrow 18%
General Ledger Accounting
up arrow 7%
Financial Analysis
up arrow 3%
Collections
0%
National Average
$41,000
Financial Reporting
up arrow 1%
Accounts Payable
up arrow 3%
Accounts Receivable
up arrow 4%
Insurance
up arrow 4%
Financial Applications
up arrow 24%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 147 votes.

Gender

Female
88%
female alumni
 
Male
12%
male alumni

Years of Experience

Less than 1 year
3%
1-4 years
36%
5-9 years
24%
10-19 years
25%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 70% dental benefits Dental: 60%
vision benefits Vision: 45% employee benefits None: 23%