Avg. Base Salary (USD)
The average salary for a Financial Administrator is $51,965 in 2023
What is the Pay by Experience Level for Financial Administrators?
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 $41,039 based on 17 salaries. An early career Financial Administrator with 1-4 years of experience earns an average total compensation of $52,399 based on 118 …Read more
What Do Financial Administrators Do?
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 …Read more
- 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.
How do Financial Administrators Rate Their Jobs?
FAQs About Financial Administrators
What is the highest pay for Financial Administrators?
Our data indicates that the highest pay for a Financial Administrator is $71k / year
What is the lowest pay for Financial Administrators?
Our data indicates that the lowest pay for a Financial Administrator is $36k / year
How can Financial Administrators increase their salary?
Increasing your pay as a Financial Administrator is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Financial Administrator that oversees more junior Financial Administrators, this experience can increase the likelihood to earn more.