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Financial Coordinator Salary (United States)

Financial Coordinators in the United States ordinarily take home approximately $18.17 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 $5K. Geography is the biggest factor affecting pay for this group, followed by tenure. Health benefits are not enjoyed by everyone in this line of work, and somewhere between a fifth and a fourth lack any coverage at all. Medical benefits are reported by most and dental coverage is claimed by a majority. Female Financial Coordinators far outnumber their male contemporaries in the field. Most Financial Coordinators report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
Financial Coordinator Salary (?
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.
)
$31,520 - $59,719
(Median)
32K
38K
44K
52K
60K
MEDIAN: $43,736
10%
25%
50%
75%
90%
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Financial Coordinator Salary (?
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.
)
$13.46 - $24.46
(Median)
13
18
21
24
MEDIAN: $18.00
10%
50%
75%
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$20K$40K$60K
Salary
$31,520 - $59,719  
   
Bonus
$0.00 - $3,122  
Profit Sharing
$-0.50 - $5,236  
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).
)
$29,921 - $56,682  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 220
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
$13.46 - $24.46  
   
Overtime
$17.73 - $37.17  
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 - $3,122  
   
Profit Sharing
$-0.50 - $5,236  
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).
)
$29,921 - $56,682  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 304
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Location:
Years in Field/Career:
United States (change)

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 will usually bring in a similar salary to Financial Coordinators.

Financial Coordinator Job Listings

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Popular Skills for Financial Coordinator

Financial Coordinators seem to require a number of specific skills. Most notably, skills in Budget Management, General Ledger Accounting, Financial Analysis, and Collections are correlated to pay that is above average. Those listing Financial Applications and Accounts Receivable as skills, on the other hand, should be prepared for drastically lower pay. Those proficient in Insurance are, more often than not, also skilled in Financial Reporting. Those familiar with Accounts Receivable also tend to 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. 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 — $42K on average. On average, Financial Coordinators make $42K following one to two decades on the job. Veterans who have acquired more than 20 years report a median income of $46K, which is generally higher than the pay reported by other tenure groups. One to nine years of experience is standard for most employees in this area; more than half of respondents fit between this range. Experienced employees who have 10-20 years of experience make up about a fourth of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining close to one-eighth.

Pay Difference By Location

New York
up arrow 47%
Boston
up arrow 23%
Washington
up arrow 17%
Dallas
up arrow 13%
Chicago
up arrow 10%
Philadelphia
up arrow 7%
Houston
0%
National Average
$41,000
Larger circles over a city indicate a job is popular in that location.
For Financial Coordinators, above-average compensation can be found going east — in New York, Boston, and Washington, in particular.

Related Job Salaries

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Experience Affects Financial Coordinator Salaries

National Average
$41,000

Skills That Affect Financial Coordinator Salaries

Budget Management
up arrow 18%
General Ledger Accounting
up arrow 7%
Financial Analysis
up arrow 3%
Collections
up arrow 2%
Financial Reporting
0%
National Average
$41,000
Accounts Payable
up arrow 1%
Accounts Receivable
up arrow 3%
Insurance
up arrow 3%
Financial Applications
up arrow 24%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 144 votes.

Gender

Female
87%
female alumni
 
Male
13%
male alumni

Years of Experience

Less than 1 year
3%
1-4 years
37%
5-9 years
24%
10-19 years
24%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 72% dental benefits Dental: 62%
vision benefits Vision: 46% employee benefits None: 22%