Financial Coordinator Salary

Earnings for Financial Coordinators in the United States come in at around $18.14 per hour on average. Total incomes of Financial Coordinators incorporate potential for, in a few cases, more than $3K from bonuses and close to $4K from profit sharing; these performance components cause packages to range between $30K and $57K. Location is the biggest factor affecting pay for this group, followed by experience level. Most Financial Coordinators like their work and job satisfaction is high. Not all workers are lucky enough to have benefits; in fact, nearly one-fourth are without coverage. Medical insurance is claimed by the larger part and dental insurance is reported by the greater part. There are far more female Financial Coordinators who answered the questionnaire than men, making up 90 percent. The data for this synopsis comes from respondents who took the PayScale salary survey.

$32,169 - $60,107
(Median)
$32K
$44K
$60K
MEDIAN: $44,240
10%
50%
90%

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$13.48 - $24.59
(Median)
$13
$18
$25
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
$32,169 - $60,107  
   
Bonus
$0.00 - $3,078  
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).
)
$29,899 - $56,717  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 240
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
$13.48 - $24.59  
   
Overtime
$18.61 - $37.08  
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 - $3,078  
   
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).
)
$29,899 - $56,717  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 388

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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' salary tends to stay somewhat level for those who assume higher-end positions like Office Manager of a Dental Office. Median pay for Office Managers of Dental Offices is $41K.

Financial Coordinator Job Listings

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Popular Skills for Financial Coordinator


Financial Coordinators report using a large range of skills on the job. 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 and Accounts Receivable as skills, on the other hand, should be prepared for drastically lower pay. It is often found that people who know Insurance are also skilled in Financial Reporting. Most people skilled in Accounts Receivable are similarly competent 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.


Financial Coordinators do not generally earn higher incomes from more experience in the field. Relatively untried employees who have less than five years' experience have a median salary of $39K. Those who have been around for five to 10 years can expect to take home more — $41K on average. Financial Coordinators with one to two decades of relevant experience report an average salary of approximately $42K. Veterans who have acquired more than 20 years report a median income of $48K, which is generally higher than the pay reported by other tenure groups.

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). The lowest-paying market is Austin, which sits 12 percent below the national average.

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 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%

Accounts Payable
up arrow 3%

Collections
up arrow 3%

Accounts Receivable
up arrow 4%

Financial Applications
up arrow 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 152 votes.

Gender

Female
90 %
Male
10 %

Years of Experience

Less than 1 year
3%
1-4 years
35%
5-9 years
25%
10-19 years
24%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 70% dental benefits Dental: 59%
vision benefits Vision: 45% employee benefits None: 24%