Financial Coordinator Salary

Earnings for Financial Coordinators in the United States come in at around $18.09 per hour on average. Overall cash earnings for Financial Coordinators stretch from $30K on the lower end to $57K near the top, and the heftiest packages can encompass around $3K from bonuses and $4K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. The majority of workers are highly satisfied with their job. Although close to a fourth lack health benefits of any kind, a majority do enjoy medical insurance, and the greater part get dental coverage, too. The vast majority of Financial Coordinators (89 percent) who responded to the survey are women. The numbers in this rundown were provided by PayScale's salary survey participants.

$31,961 - $60,422
(Median)
$32K
$44K
$60K
MEDIAN: $44,297
10%
50%
90%

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$13.38 - $24.44
(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
$31,961 - $60,422  
   
Bonus
$0.00 - $3,168  
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).
)
$29,558 - $56,510  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 251
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 - $24.44  
   
Overtime
$18.31 - $37.26  
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 - $3,168  
   
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).
)
$29,558 - $56,510  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 421
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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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Many Financial Coordinators move into an Office Manager of a Dental Office role, which does not lead to a big boost in pay. Office Managers of Dental Offices on average bring in a similar salary to Financial Coordinators.

Financial Coordinator Job Listings

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Popular Skills for Financial Coordinator


Financial Coordinators report using a deep pool 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, 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. The majority of those who know Insurance also know Financial Reporting. Most people who know Accounts Receivable also know 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, more experience in the field does not usually mean bigger paychecks. Salaries for inexperienced workers average out to $41K, and those with five to 10 years' experience earn a higher median of $38K. For Financial Coordinators, 10 to 20 years of experience on the job amounts to an average salary of $42K. After two decades in the workforce, the average Financial Coordinator generally earns more than ever; median pay for this group is estimated at $47K.

Pay Difference by Location


Home to some of the best pay for Financial Coordinators, New York offers exceptional salaries, 46 percent above 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 Denver (+13 percent). The smallest paychecks in the market, 11 percent south of the national average, can be found in Austin.

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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

Insurance
up arrow 3%

Financial Reporting
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 147 votes.

Gender

Female
89 %
Male
11 %

Years of Experience

Less than 1 year
2%
1-4 years
36%
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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