The average salary for a Financial Administrator in United Kingdom is £19,958.
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Job Description for Financial Administrator
Financial administrators are in charge of managing financial-related tasks for their company. They perform budget and payroll transactions, maintain separate account such as discretionary and grant funding, and maintain accurate financial records for tax-related purposes. They must follow company policies to process payments, approve money transfers, keep financial statements, review reimbursements, and approve purchase order requisitions. Additionally, they prepare financial reports, and collab…Read more
Financial 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.
Financial Administrator Job Listings
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Popular Skills for Financial Administrator
Skills in Administration, Financial Reporting, Bookkeeping, Payroll Administration and Accounts Payable are correlated to pay that is above average.
Pay by Experience Level for Financial Administrator
An entry-level Financial Administrator with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £17,117 based on 18 salaries. An early career Financial Administrator with 1-4 years of experience earns an average total compensation of £19,325 based on 100 salaries. A mid-career Financial Administrator with 5-9 years of experience earns an average total compensation of £22,122 based on 50 salaries. An experienced Financial Administrator with 10-19 years of experience earns an average total compensation of £21,486 based on 33 salaries. In their late career (20 years and higher), employees earn an average total compensation of £24,542.
Pay Difference by Location
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Employees with Financial Administrator in their job title in London, England: London earn an average of 25.1% more than the national average. These job titles also find higher than average salaries in Birmingham, England: West Midlands (3.1% more) and Glasgow, Scotland: Glasgow (0.2% more). The lowest salaries can be found in Leicester, England: Leicestershire (23.3% less), Nottingham, England: Nottinghamshire (11.7% less) and Newcastle-upon-Tyne, England: Tyne and Wear (9.8% less).
Years of Experience
This data is based on 216 survey responses.