Financial Coordinator Salary

Financial Coordinators in the United States take home approximately $18.11 per hour on average. With some bonuses approaching $3K and certain profit sharing proceeds approaching $4K, overall incomes of Financial Coordinators spread between $29K and $56K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by career length. Not all workers are lucky enough to have benefits; in fact, one-fourth are without coverage. Medical insurance is claimed by a majority and dental insurance is reported by the greater part. Most Financial Coordinators like their work and job satisfaction is high. Financial Coordinators who responded to the questionnaire are largely women, dominating at 88 percent. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$32,124 - $60,425
(Median)
$32K
$45K
$60K
MEDIAN: $44,634
10%
50%
90%

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$13.25 - $24.49
(Median)
$13
$18
$24
MEDIAN: $18.00
10%
50%
90%

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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
$32,124 - $60,425  
   
Bonus
$0.00 - $3,179  
Profit Sharing
$0.00 - $3,945  
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).
)
$29,266 - $56,153  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 289
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$11$22$33
Hourly Rate
$13.25 - $24.49  
   
Hourly Tips
$0.28  
Overtime
$17.42 - $32.93  
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$22K$44K$66K
Bonus
$0.00 - $3,179  
   
Profit Sharing
$0.00 - $3,945  
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).
)
$29,266 - $56,153  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 495
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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


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. Scheduling and Account Management 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.


Financial Coordinators with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. 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. After working for 10 to 20 years, Financial Coordinators make a median salary of $42K. Financial Coordinators who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $46K.

Pay Difference by Location

National Average: $40,653

Larger city markers indicate a job is popular in that location.

For Financial Coordinators, New York provides a pay rate that is 35 percent greater than the national average. Financial Coordinators can also look forward to large paychecks in cities like Washington (+26 percent), Minneapolis (+23 percent), Boston (+23 percent), and San Diego (+21 percent). With compensation 11 percent below the national average, Austin is not known for hefty paychecks and actually represents the lowest-paying market. Employers also pay below the national average in Atlanta (8 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 5%

Financial Analysis
up arrow 3%

National Average
$41,000

Financial Reporting
up arrow 1%

Insurance
up arrow 3%

Accounts Payable
up arrow 3%

Billing
up arrow 3%

Accounts Receivable
up arrow 4%


Account Management
up arrow 7%

Scheduling
up arrow 10%

Financial Applications
up arrow 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 148 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
2%
1-4 years
38%
5-9 years
22%
10-19 years
23%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 68%
dental benefits
Dental: 58%
medical benefits
Vision: 43%
dental benefits
None: 25%
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