Financial Coordinator Salary

Financial Coordinators in the United States take home an average $18.11 per hour. Total cash compensation for Financial Coordinators runs from $29K to $56K depending on bonuses that can occasionally exceed $3K and profit sharing that can reach almost $4K. Residence and career duration each impact pay for this group, with the former having the largest influence. For the most part, Financial Coordinators enjoy their work and report high levels of job satisfaction. Health benefits are not enjoyed by everyone in this line of work, and approximately one in four lack any coverage at all. Medical benefits are reported by a majority and dental coverage is claimed by more than half. Women make up the vast majority of Financial Coordinators (88 percent) who answered the questionnaire. The numbers in this rundown were provided by PayScale's salary survey participants.

$32,124 - $60,425
(Median)
$32K
$45K
$60K
MEDIAN: $44,634
10%
50%
90%

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$13.25 - $24.49
(Median)
$13
$18
$24
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$21K$42K$63K
Salary
$32,124 - $60,425  
   
Bonus
$0.00 - $3,179  
Profit Sharing
$0.00 - $3,945  
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).
)
$29,266 - $56,153  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 289
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$13.25 - $24.49  
   
Hourly Tips
$0.28  
Overtime
$17.42 - $32.93  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00 - $3,179  
   
Profit Sharing
$0.00 - $3,945  
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).
)
$29,266 - $56,153  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 495
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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 wield many 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. Scheduling and Account Management also typically command lower compensation. Most people familiar with Accounts Receivable also know Accounts Payable and Financial Reporting. It is often found that people who know Insurance are also skilled in Financial Reporting.

Pay by Experience Level for Financial Coordinator

Median of all compensation (including tips, bonus, and overtime) by years of experience.


More years of relevant experience do not necessarily translate to higher paychecks. 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. Financial Coordinators with one to two decades of relevant experience report an average salary of approximately $42K. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $46K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location

National Average: $40,653

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 35 percent, Financial Coordinators in New York receive some of the highest pay in the country. Financial Coordinators will also find cushy salaries in Washington (+26 percent), Minneapolis (+23 percent), Boston (+23 percent), and San Diego (+21 percent). Those in the field find the lowest salaries in Austin, 11 percent below the national average. Atlanta and Charlotte are a couple other places where companies are known to pay below the median — salaries are 8 percent lower and 7 percent lower, respectively.

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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%

Payroll Administration
up arrow 5%

Financial Analysis
up arrow 3%

National Average
$41,000

Financial Reporting
up arrow 1%

Insurance
up arrow 3%

Accounts Payable
up arrow 3%

Billing
up arrow 3%

Accounts Receivable
up arrow 4%


Account Management
up arrow 7%

Scheduling
up arrow 10%

Financial Applications
up arrow 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 148 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
2%
1-4 years
38%
5-9 years
22%
10-19 years
23%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 68%
dental benefits
Dental: 58%
medical benefits
Vision: 43%
dental benefits
None: 25%
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