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Financial Coordinator Salary

The average Financial Coordinator in the United States earns approximately $18.09 per hour. Total cash compensation for Financial Coordinators runs from $30K to $57K depending on bonuses that can occasionally exceed $3K and profit sharing that can reach almost $4K. Geography is the biggest factor affecting pay for this group, followed by career duration. Health benefits are not claimed by all — one in four lack any form of coverage — but a majority have medical insurance, and the greater part have dental, too. For the most part, Financial Coordinators enjoy their work and report high levels of job satisfaction. Female Financial Coordinators far outnumber their male contemporaries among survey respondents. Respondents to the PayScale salary survey provided the data for this report.

$32,052 - $60,674
(Median)
$32K
$44K
$61K
MEDIAN: $44,202
10%
50%
90%

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$13.47 - $24.43
(Median)
$13
$18
$24
MEDIAN: $18.00
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$21K$42K$63K
Salary
$32,052 - $60,674  
   
Bonus
$0.00 - $3,129  
Profit Sharing
$97.87 - $4,085  
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).
)
$29,803 - $56,679  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 245
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
$13.47 - $24.43  
   
Overtime
$18.46 - $36.74  
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 - $3,129  
   
Profit Sharing
$97.87 - $4,085  
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).
)
$29,803 - $56,679  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 396

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United States (change)


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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 transition into an upper level Office Manager of a Dental Office position will not necessarily make much more than they do in their current role. The average Office Manager of a Dental Office makes $41K a year.

Financial Coordinator Job Listings

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Popular Skills for Financial Coordinator


Survey results imply that Financial Coordinators deploy a substantial tool kit of skills at 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, 17 percent, and 7 percent, respectively. Those listing Financial Applications as a skill should be prepared for drastically lower pay. Accounts Receivable and Accounts Payable also typically command lower compensation. Most people skilled in Insurance are similarly competent in Financial Reporting. It is often found that people who know Accounts Receivable are also skilled in Accounts Payable and Financial Reporting.

Pay by Experience Level for Financial Coordinator

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


For Financial Coordinators, experience does not seem to be a major factor in determining pay. The average inexperienced worker earns $39K, and someone who has worked for five to 10 years can expect a bigger median salary of $41K. On average, Financial Coordinators make $42K following one to two decades on the job. As Financial Coordinators reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $47K.

Pay Difference by Location


For Financial Coordinators, New York provides a pay rate that is 45 percent greater than the national average. Financial Coordinators can also look forward to large paychecks in cities like Washington (+32 percent), Minneapolis (+23 percent), Boston (+23 percent), and Chicago (+10 percent). Austin ranks last in the field for pay, reporting salaries 12 percent below the national average.

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United States (change)

Experience Affects Financial Coordinator Salaries




National Average
$41,000


Skills That Affect Financial Coordinator Salaries

Accounting
up arrow 25%

Budget Management
up arrow 17%

General Ledger Accounting
up arrow 7%

Financial Analysis
up arrow 3%

National Average
$41,000

Billing
up arrow 1%

Insurance
up arrow 2%

Financial Reporting
up arrow 2%

Collections
up arrow 2%

Accounts Receivable
up arrow 3%

Accounts Payable
up arrow 3%

Financial Applications
up arrow 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 150 votes.

Gender

Female
89 %
Male
11 %

Years of Experience

Less than 1 year
3%
1-4 years
34%
5-9 years
24%
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: 25%
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