The average pay for a Finance Assistant is $15.72 per hour.
The average pay for a Finance Assistant is $40,519 per year.
|Salary||$30,311 - $58,417|
|Bonus||$385 - $6,205|
|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).)
|$26,130 - $52,117|
|Hourly Rate||$11.29 - $21.85|
|Overtime||$15.94 - $32.72|
|Bonus||$385 - $6,205|
|Total Pay (||$26,130 - $52,117|
Job Description for Finance Assistant
Finance assistants are tasked with collecting and classifying financial information from all departments of a company to prepare periodic reports for each. They may also oversee standard security procedures for handling the firm's sensitive financial information and maintain data privacy in financial and information technology (IT) equipment information.Read More...
Finance assistants may be held accountable for any decisions made based on the data contained in their reports, which often represent lines of communication between different departments within the firm, and many company decisions are made based upon them. They must also establish and maintain communication with all departments within the company.
A bachelor's degree in business administration or a related field is generally required for this position, and some employers also require at least two years of relevant experience. Finance assistants must also be able to analyze financial information, handle complex numerical calculations, and manage personal computers and programmable calculators. (Copyright 2019 PayScale.com)
- Record daily entries and reconcile account balances.
- Record and perform payroll bookkeeping, cost classification, billing, and/or reporting.
- Detect and fix errors with tracking, auditing, data entry, and calculations.
- Calculate and analyze financial data to meet short and long-term requests.
Common Career Paths for Finance Assistant
Many Finance Assistants move into a Finance Manager role, and folks who currently hold that position report a much higher median income of $85K per year. Accountants or Staff Accountants are common next-step roles for Finance Assistants moving up in their careers; annual pay for Accountants is $9K higher on average, and it's $8K higher for Staff Accountants.
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Popular Skills for Finance Assistant
Survey takers working as Finance Assistants report using a large range of professional skills. Most notably, skills in Data Entry, Payroll Administration, Financial Analysis, and Microsoft Office are correlated to pay that is above average. Skills that pay less than market rate include Accounting and Financial Reporting. Those proficient in Microsoft Excel are, more often than not, also skilled in Microsoft Office and Accounts Receivable. It is often found that people who know Accounts Payable are also skilled in Accounts Receivable and Microsoft Office.
Pay by Experience Level for Finance Assistant
Pay by Experience for a Finance Assistant has a positive trend. An entry-level Finance Assistant with less than 5 years of experience can expect to earn an average total compensation of $34,000 based on 349 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Finance Assistant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $37,000 based on 119 salaries. An experienced Finance Assistant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $37,000 based on 95 salaries. A Finance Assistant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $37,000 based on 56 salaries.
Pay Difference by Location
Surpassing the national average by 26 percent, Finance Assistants in Washington receive some of the highest pay in the country. Finance Assistants can also look forward to large paychecks in cities like New York (+23 percent), Houston (+19 percent), Sacramento (+16 percent), and Los Angeles (+15 percent). Atlanta ranks last in the field for pay, reporting salaries 13 percent below the national average. Employers also pay below the national average in San Diego and Seattle (2 percent lower).
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Key Stats for Finance Assistant
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