£18,592
Avg. Salary

Average additional compensation for this job:

Bonus

£516

Profit Sharing

£0.00

The average pay for a Finance Administrator is £18,544 per year. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least. The skills that increase pay for this job the most are Financial Reporting, Accounting, and General Ledger Accounting. Most people move on to other jobs if they have more than 20 years' experience in this field.

£14,339 - £25,114
£14K
£19K
£25K
MEDIAN: £18,592
10%
50%
90%
£7.20 - £14.49
£7
£9
£14
MEDIAN: £9.32
10%
50%
90%
£0£25K
Salary £14,339 - £25,114
Bonus £0.00 - £2,047
Profit Sharing £0.00
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).
)
£14,564 - £25,597
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 11 Aug 2018
  • Individuals Reporting: 357
Hourly Data £0£16
Hourly Rate £7.20 - £14.49
Overtime £11.75
Annual Data £0£25K
Bonus £0.00 - £2,047
Profit Sharing £0.00
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).
)
£14,564 - £25,597
  • Country: United States
  • Currency: GBP
  • Updated: 11 Aug 2018
  • Individuals Reporting: 60

Job Description for Finance Administrator

Finance administrators are responsible for all aspects of an organization’s finance and budget concerns. This includes managing accounts receivable and accounts payable, designing and implementing the budget, and handling any investments or capital expenditures in which the organization might engage. Finance administrators ensure that all payments the company owes have been made and monitor incoming payments and revenue to maintain a proper cash flow. Additionally, they produce a budget, working closely with other managers. They are required to make regular reports on the current and future state of the company’s finances and financial plans. They must react to changes in revenues, expenditures, or even radical shifts in company focus due to new developments or opportunities.

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Finance Administrator Tasks

  • Review and verify accuracy of financial and contract paperwork and processes.
  • Create budget templates and serve as point of contact for questions and exceptions.
  • Maintain accounts and follow up to verify and close invoices and collect fees.
  • Document project status, obstacles, reporting and reviews.

Common Career Paths for Finance Administrator


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Finance Administrator Job Listings

Popular Skills for Finance Administrator

Pay by Experience Level for Finance Administrator

Pay by Experience for a Finance Administrator has a positive trend. An entry-level Finance Administrator with less than 5 years of experience can expect to earn an average total compensation of ₤18,000 based on 140 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Finance Administrator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of ₤19,000 based on 44 salaries. An experienced Finance Administrator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of ₤20,000 based on 35 salaries. A Finance Administrator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of ₤21,000 based on 17 salaries.

Pay Difference by Location

National Average: £18,941

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

Finance Administrator Reviews

Q: What is it like working as a Finance Administrator?

Finance Administrator in Croydon:
"Methodical and excel compulsory."
Pros: Bank reconciliation. Devising spreadsheets.
Cons: Admin. Inputting purchase invoices.

Finance Administrator in Brighton:
"Streesful but worth the struggle."
Pros: Office Atmosphere. Some Perks.
Cons: Too Corporate. Every man out for themselves. Senior Management unsupportive.

Finance Administrator in Preston:
Pros: The environment. Varied job. Quite flexible. The management. Office condition.
Cons: Hard. Lot of responsibility. Busy. Can be long hours. Stress level.

Finance Administrator in Maidstone:
"Having A Good Day At Work."
Pros: My job is something that I have wanted to do for a long time and my current employer has enabled me to achieve it even though I didn't have the skills when I first entered the company. I am now very competent at my job and have the trust of my peers to carry it out effectively and to a high standard.
Cons: Nothing.

Related Job Salaries

Key Stats for Finance Administrator

Gender

Female
75 %
Male
25 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
Less than 1 year
6%
1-4 years
53%
5-9 years
18%
10-19 years
15%
20 years or more
8%

Experience Affects Finance Administrator Salaries

▲10%

▲7%

▲2%

National Average
₤19,000

▼4%

Skills That Affect Finance Administrator Salaries

Financial Reporting
▲26%

Accounting
▲16%

General Ledger Accounting
▲12%


Accounts Receivable
▼0%

Sage 50 Accounting
▼0%


National Average
₤19,000


Credit Control
▼5%

Office Administration
▼15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
6%
1-4 years
53%
5-9 years
18%
10-19 years
15%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 19%
dental benefits
Dental: 7%
vision benefits
Vision: 13%
no benefits
None: 73%