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Financial Coordinator Salary

Average Financial Coordinators in the United States make around $18.08 per hour. Total cash compensation to Financial Coordinators bottoms out near $30K and approaches $57K on the high end; the biggest paychecks include approximately $3K from bonuses and almost $4K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by experience level. For the most part, Financial Coordinators enjoy their work and report high levels of job satisfaction. Women make up the vast majority of Financial Coordinators (89 percent) who answered the questionnaire. Not all workers are lucky enough to have benefits; in fact, nearly one in four are without coverage. Medical insurance is claimed by the greater part and dental insurance is reported by the larger part. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$32,169 - $60,463
(Median)
$32K
$44K
$60K
MEDIAN: $44,116
10%
50%
90%

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$13.42 - $24.45
(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
$32,169 - $60,463  
   
Bonus
$0.00 - $3,189  
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).
)
$29,742 - $56,616  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 250
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
$13.42 - $24.45  
   
Overtime
$18.50 - $36.60  
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 - $3,189  
   
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).
)
$29,742 - $56,616  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 403

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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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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


Survey results imply that Financial Coordinators deploy 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. Accounts Receivable and Billing also typically command lower compensation. Skill sets containing Insurance also tend to include Financial Reporting. Most people familiar with 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. Average salaries for inexperienced employees average out to around $39K, but folks who have five to 10 years of experience earn a higher median of $41K. The average pay reported by folks with 10 to 20 years of experience is around $42K. Veterans who have acquired more than 20 years report a median income of $47K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location


For those looking to make money, Financial Coordinators in New York enjoy an exceptional pay rate, 45 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 lowest-paying market is Austin, which sits 12 percent below the national average.

Related Job Salaries

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 18%

General Ledger Accounting
up arrow 7%

Financial Analysis
up arrow 3%

National Average
$41,000

Financial Reporting
up arrow 2%

Insurance
up arrow 3%

Accounts Payable
up arrow 3%

Collections
up arrow 3%

Accounts Receivable
up arrow 4%

Billing
up arrow 4%

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: 68% dental benefits Dental: 59%
vision benefits Vision: 45% employee benefits None: 25%
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