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The differences between finance assistants and finance coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a finance assistant, becoming a finance coordinator takes usually requires 4-6 years. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $37,926 average annual salary of a finance assistant.
The top three skills for a finance assistant include customer service, data entry and payroll. The most important skills for a finance coordinator are patients, customer service, and payroll.
| Finance Assistant | Finance Coordinator | |
| Yearly salary | $37,926 | $49,358 |
| Hourly rate | $18.23 | $23.73 |
| Growth rate | -8% | -5% |
| Number of jobs | 118,749 | 106,187 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 58% |
| Average age | 50 | 51 |
| Years of experience | 2 | 6 |
A finance assistant is responsible for supporting the financial department with daily operations by doing administrative and clerical tasks as needed. Finance assistants' duties include sorting financial records, updating account spreadsheets, assisting on bank statements reconciliation, processing payments, generating an invoice, auditing financial statements, escalating financial discrepancies for review, and reviewing cost analysis reports. A finance assistant must be knowledgeable of the financial industry and accounting processes, as well as have strong analytical and organizational skills.
Finance coordinators are skilled professionals who are employed by all types of industries to manage their financial records accurately. Under the supervision of financial managers, they correlate the company's accounts receivables and payables. They should be able to keep records together with documentation effectively to ensure precision and punctuality of deliverables. Their responsibilities include ensuring accurate billing of customers, managing billing issues and disputes, and making required adjustments to clients' accounts. Candidates for the job must be organized, detail-oriented, able to multi-task as well as cautiously handle sensitive information.
Finance assistants and finance coordinators have different pay scales, as shown below.
| Finance Assistant | Finance Coordinator | |
| Average salary | $37,926 | $49,358 |
| Salary range | Between $27,000 And $52,000 | Between $34,000 And $71,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Connecticut | Maryland |
| Best paying company | Boston Consulting Group | McKinsey & Company Inc |
| Best paying industry | Manufacturing | Professional |
There are a few differences between a finance assistant and a finance coordinator in terms of educational background:
| Finance Assistant | Finance Coordinator | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance assistants' and finance coordinators' demographics:
| Finance Assistant | Finance Coordinator | |
| Average age | 50 | 51 |
| Gender ratio | Male, 24.9% Female, 75.1% | Male, 22.1% Female, 77.9% |
| Race ratio | Black or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7% | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 6% | 7% |