Financial Coordinator Salary (United States)

Financial Coordinators in the United States ordinarily take home approximately $18.17 per hour. Pay ranges from $13.46 per hour on the low end to $24.46 on the higher side. Total cash compensation varies from around $31,520 to approximately $59,719; higher pay grades include potential for bonuses and profit sharing as high as $3,122 and $5,236, respectively. Residency is the biggest factor affecting pay for this group, followed by experience level. Some workers in this field—22 percent—are not awarded benefits. Medical coverage is reported by most and dental plans are enjoyed by a majority. Job satisfaction for Financial Coordinators is high. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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.
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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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For Financial Coordinators, career advancements do not correlate with a rise in salary. Typically, lower-level Financial Coordinators earn similar salaries to those in higher-end positions like Dental Office Manager.

Financial Coordinator Job Listings

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Popular Skills for Financial Coordinator

Survey results show that Financial Coordinators use a fair number of skills. Budget Management and General Ledger Accounting are considered valuable skills and can increase employee pay by 18 percent and 7 percent respectively. Those listing Financial Applications and Accounts Receivable as skills, on the other hand, should be prepared for drastically lower pay. Those who learned Insurance also tend to know Financial Reporting. Those educated in Accounts Receivable tend to be well-versed in 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 do not generally earn higher salaries from more experience in the field—in most many but not all cases, experience is not a driving force behind pay increase. Compensation grows after five to 10 years from $39K to $42K. Compensation is $42K after 10 to 20 years. After 20 years of work in the field, Financial Coordinators typically earn $46K and go on to enjoy (slight) increases in earnings. Experienced employees who have 10-20 years of experience make up 24 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining 12 percent. Between one and nine years of experience is the norm for people in this field—more than half of those surveyed fit this bill.

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 earn a generous sum in eastern parts of the United States: New York, Boston, and Washington each offer salaries above the national average.

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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