Financial Counselor in Houston, Texas Salary
A Financial Counselor in Houston, Texas earns an average wage of $19.43 per hour.
|Hourly Rate||$13.09 - $22.34|
|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).)
|$27,658 - $50,546|
How much does a Financial Counselor make in Houston, TX?
In Houston, a Financial Counselor takes home an average of $18.95 per hour. This is 12% above the national average for a Financial Counselor which is $16.74 per hour. Wages for a Financial Counselor in Houston range from $13.09 per hour to $22.34 per hour. Total Annual Pay, which includes hourly rate, bonus, and overtime for a Financial Counselor in Houston ranges from $27,658 to $50,546 annually. Among those reporting, there is an average job satisfaction rating of 0 out of 5 stars. Women make up 89% of the Financial Counselor workforce in Houston among those reporting. In Houston, a Financial Counselor often enjoys medical, dental, and vision benefits provided by their employer.
Job Description for Financial Counselor
Financial counselors are responsible for providing key financial information to clients, offering financial assistance and arrangements as needed. They are in charge of establishing relationships to ensure satisfactory financial resolution for their organization. They provide one-on-one financial counseling to educate clients on their options, handle insurance information, and review documentation and financial information to approve reimbursements. Financial counselors also verify clients' eligibility for programs based on program requirements, as well as help secure payment agreements between their organization and external parties.Read More...
Financial counselors identify authorization processes, conduct credit report checks, and keep accurate records of client interactions. They update billing information and complete application for liability claims as well. Additionally, financial counselors discuss financial assistance initiatives with potential candidates and complete administrative tasks such as answering telephone and email inquiries. In all tasks, financial counselors must follow confidentiality policies and privacy laws. They generally report their progress to the financial manager in their department.
A high school diploma or equivalent is generally the minimum educational requirement for this position. Previous experience in financial counseling is generally required or preferred. Financial counselors must have a strong understanding of collection practices and methodologies. In addition, they must be organized individuals with strong communication skills and who pay strong attention to detail. They should be proficient with word processing and spreadsheet software to perform calculations, as well as prepare reports and proposals. (Copyright 2018 PayScale.com)
Financial Counselor Tasks
- Counsel individuals and families regarding various financial decisions, including budgeting, debt management and paying for medical treatment.
- Meet with clients to discuss finances, cost of services, interest and payment options.
- Investigate insurance coverage, financial assistant options, and calculate out of pocket expenses.
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