Financial Coordinator Salary (United States)

Pay for Financial Coordinators in the United States lies in the neighborhood of $18.17 per hour. Pay starts at $13.46 per hour and can approach $24.46 on the higher side. Geographic location and experience level each impact pay for this group, with the former having the largest influence. Health benefits are not claimed by all—about one in five lack any form of coverage—but most have medical insurance, and a majority have dental, too. Most workers in this position report high levels of job satisfaction. This synopsis is derived from the responses of individuals who took PayScale's salary survey.
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%
Add this chart to your site: 640px    300px

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  
PayScale
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  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 304
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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.
Read More...
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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For Financial Coordinators, career progression may result in somewhat stagnant compensation. Typically, an Dental Office Manager, an upper-level role, will earn an amount similar to those further down the career ladder.

Financial Coordinator Job Listings

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Popular Skills for Financial Coordinator

Financial Coordinators seem to require a number of specific skills. Budget Management and General Ledger Accounting are considered valuable skills and can increase employee pay by 18 percent and 7 percent respectively. Financial Applications and Accounts Receivable as skills, however, tend to be associated with significantly smaller paychecks. Those familiar with Accounts Receivable also tend to know Accounts Payable and Financial Reporting. Most people experienced in Insurance also know Financial Reporting.

Pay by Experience Level for Financial Coordinator

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Financial Coordinators, experience and pay seem to be weakly connected; experience does not necessarily lead to more money. In five to 10 years time, starting salaries of $39K can reach $42K. Those who spend a decent amount of time in this profession—one to two decades—usually make about $42K. After spending 20 years in the field, salary continues to increase (though at a slower pace) for Financial Coordinators and pay is expected at $46K. Experienced employees who have 10-20 years of experience make up about one-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 12 percent. In this field, workers tend to have anywhere from one to nine years of experience—of those surveyed, more than half land within this range.

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.
Financial Coordinators in search of higher pay head east. New York, Boston, and Washington all offer salaries above the national rate.

Related Job Salaries

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%
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