Financial Coordinator Salary

Financial Coordinators in the United States can expect to earn an average of $18.14 per hour. Final cash compensation to Financial Coordinators varies from around $30K to approximately $57K; choice pay grades include potential for bonuses and profit sharing as high as $3K and $4K, respectively. Geography and experience level each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. Women account for the majority of Financial Coordinators who took the survey — 90 percent to be exact. While around one in four report receiving no health benefits, a majority do receive medical coverage, and the larger part have dental, as well. Participants in PayScale's salary questionnaire provided the particulars of this report.

$31,961 - $60,422
(Median)
$32K
$44K
$60K
MEDIAN: $44,149
10%
50%
90%

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$13.40 - $24.48
(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 - $3,179  
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).
)
$29,663 - $56,565  
Country: United States | Currency: USD | Updated: 20 Jun 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
$13.40 - $24.48  
   
Overtime
$18.27 - $37.39  
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 - $3,179  
   
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).
)
$29,663 - $56,565  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 416
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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 seem to exploit 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, 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. Those proficient in Insurance are, more often than not, also skilled in Financial Reporting. The majority of those 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.


Experience does not seem to be a strong driver of pay increase in this role. Average salaries for inexperienced employees average out to around $38K, 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. 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, 45 percent above the national average. Financial Coordinators will also find cushy salaries in Washington (+32 percent), Minneapolis (+23 percent), Boston (+23 percent), and Denver (+13 percent). The lowest-paying market is Austin, which sits 11 percent below the national average.

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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%

Financial Analysis
up arrow 2%

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
90 %
Male
10 %

Years of Experience

Less than 1 year
2%
1-4 years
35%
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: 45% employee benefits None: 25%
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