Finance Specialist Salary

For Finance Specialists, annual average wages total $49K per year. Geographic location and experience level each impact pay for this group, with the former having the largest influence. A fair number receive medical and dental insurance and the greater part get vision insurance. The majority of Finance Specialists claim high levels of job satisfaction. Female Finance Specialists make up most of the survey respondents at 74 percent. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$34,177 - $78,673
$34K
$50K
$79K
MEDIAN: $50,092
10%
50%
90%

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$15.36 - $23.42
$15
$19
$23
MEDIAN: $18.64
10%
50%
90%

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$0$78K
Salary $34,177 - $78,673
Bonus $0.00 - $14,795
Profit Sharing $1,800
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).
)
$33,295 - $74,244
  • Country: United States
  • Currency: USD
  • Updated: 16 Nov 2017
  • Individuals Reporting: 152
Hourly Data $0$36
Hourly Rate $15.36 - $23.42
Overtime $20.13 - $36.95
Annual Data $0$74K
Bonus $0.00 - $14,795
Profit Sharing $1,800
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).
)
$33,295 - $74,244
  • Country: United States
  • Currency: USD
  • Updated: 16 Nov 2017
  • Individuals Reporting: 70

Job Description for Finance Specialist

Financial specialist provide a variety of financial support services with their companies, directing operations related to financial accounting, cash management, accounts receivable, and accounts payable. They must provide timely payment when money is owed and demand timely payment from customers. Financial specialists must provide support for administrative activities within the financial team as well. Financial specialists serve as liaison between the customer and company, helping resolve any issues with payments or accounts. These professionals typically work full time in an office setting.

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Finance Specialist Tasks

  • Enter and analyze data, and create reports for internal and external audiences.
  • Manage and coordinate audits and financial reconciliations.
  • Process daily payments and follow up with customer billing inquiries.
  • Review and analyze cost reports, contracts, or other financial data to advise clients and internal teams.

Common Career Paths for Finance Specialist


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Finance Specialists may progress into high-paying roles like Finance Manager, where median compensation is $85K annually.

Finance Specialist Job Listings

Popular Skills for Finance Specialist


Finance Specialists report using a wide range of professional skills. Most notably, facility with Financial Reporting, Budget Management, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 33 percent, 12 percent, and 4 percent, respectively. Skills that seem to negatively impact pay include Accounts Payable, Accounts Receivable, and Payroll Administration. For most people, competency in Accounts Payable indicates knowledge of Financial Analysis and Payroll Administration.

Pay by Experience Level for Finance Specialist

Pay by Experience for a Finance Specialist has a positive trend. An entry-level Finance Specialist with less than 5 years of experience can expect to earn an average total compensation of $42,000 based on 104 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Finance Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $49,000 based on 57 salaries. An experienced Finance Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $47,000 based on 52 salaries. A Finance Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $52,000 based on 23 salaries.

Related Job Salaries

Key Stats for Finance Specialist

Gender

Female
76 %
Male
24 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 53 votes.
Less than 1 year
3%
1-4 years
46%
5-9 years
17%
10-19 years
23%
20 years or more
12%

Experience Affects Finance Specialist Salaries

▲13%

▲6%

▲3%

National Average
$46,000

▼8%

Skills That Affect Finance Specialist Salaries

Financial Reporting
▲31%

Budget Management
▲10%


General Ledger Accounting
▲2%

National Average
$46,000





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 53 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
3%
1-4 years
46%
5-9 years
17%
10-19 years
23%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 80%
vision benefits
Vision: 63%
no benefits
None: 14%