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What is a finance coordinator and how to become one

Updated January 8, 2025
3 min read
Quoted Expert
Abbie Daly PhD, CPA
introduction image

Finance coordinators work for finance departments and are responsible for managing a company's accounts payable and receivable. They keep track of receipts and financial documents and resolve any issue regarding billing.

If you are considering a position as a finance coordinator, an interest in numbers and analytical thinking are non-negotiable. You will need to handle cash and accounting software proficiently, be organized, and know how to deal with people.

Before you take on this role, though, you will need to have work experience in the financial sector. A degree in accounting, finance, or a related field will also be necessary. You will work in an office and have a dynamic job with multiple tasks to deal with simultaneously.

What general advice would you give to a Finance Coordinator?

Abbie Daly PhD, CPAAbbie Daly PhD, CPA LinkedIn Profile

Associate Professor and Accounting Department Chair, Website

Accounting is often referred to as the "language of business" because accountants communicate financial information. So communication is an integral part of an accountant's day. For example, auditors and tax preparers meet with their clients to understand their financial information, and accountants at organizations prepare and communicate financial information to guide strategic decisions. To facilitate these communications, accountants analyze and interpret many data points. For example, in auditing the revenue recognized by a company, an auditor would examine the underlying transactions, contracts, and supporting documentation.
ScoreFinance CoordinatorUS Average
Salary
3.9

Avg. Salary $49,358

Avg. Salary $59,228

Stability Level
6.0

Growth Rate -5%

Growth Rate 0.3%

Diversity
2.7
Race

American Indian and Alaska Native 0.63%

Asian 6.55%

Black or African American 6.78%

Hispanic or Latino 14.41%

Unknown 3.96%

White 67.67%

Gender

female 77.88%

male 22.12%

Age - 53
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 53
Stress Level
6.0

Stress level is manageable

7.1 - high

Complexity Level
6.4

Complexity Level is intermediate

7 - challenging

Work Life Balance
7.3

Work Life balance is good

6.4 - fair

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Finance Coordinator career paths

Key steps to become a finance coordinator

  1. Explore finance coordinator education requirements

    Most common finance coordinator degrees

    Bachelor's

    58.0 %

    Associate

    19.1 %

    Master's

    9.4 %
  2. Start to develop specific finance coordinator skills

    SkillsPercentages
    Patients21.35%
    Customer Service10.80%
    Payroll5.11%
    Reconciliations3.75%
    Data Entry3.13%
  3. Complete relevant finance coordinator training and internships

    Accountants spend an average of 1-3 months on post-employment, on-the-job training. New finance coordinators learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a finance coordinator based on U.S. Bureau of Labor Statistics data and data from real finance coordinator resumes.
  4. Gain additional finance coordinator certifications

    Finance coordinator certifications can show employers you have a baseline of knowledge expected for the position. Certifications can also make you a more competitive candidate. Even if employers don't require a specific finance coordinator certification, having one may help you stand out relative to other applicants.

    The most common certifications for finance coordinators include Dental Assistant (RDA) and Certified Management Accountant (CMA).

    More About Certifications
  5. Research finance coordinator duties and responsibilities

    • Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
    • Construct posts featuring highlights of past events on Facebook.
    • Enter EOB payments and denials and perform follow up with insurance company on denials.
    • Create promotional flyers for annual concerts and fundraisers which are posted through via Facebook and local areas.
  6. Prepare your finance coordinator resume

    When your background is strong enough, you can start writing your finance coordinator resume.

    You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a finance coordinator resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

    Choose From 10+ Customizable Finance Coordinator Resume templates

    Build a professional Finance Coordinator resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Finance Coordinator resume.
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  7. Apply for finance coordinator jobs

    Now it's time to start searching for a finance coordinator job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How Did You Land Your First Finance Coordinator Job

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Average finance coordinator salary

The average Finance Coordinator salary in the United States is $49,358 per year or $24 per hour. Finance coordinator salaries range between $34,000 and $71,000 per year.

Average Finance Coordinator Salary
$49,358 Yearly
$23.73 hourly

What Am I Worth?

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How do finance coordinators rate their job?

5/5

Based On 1 Ratings

5 Stars

4 Stars

3 Stars

2 Stars

1 Star

Finance Coordinator reviews

profile
A zippia user wrote a review on Jun 2022
Cons

Working with companies that do not follow the GAAP guidelines.


profile
5.0
A zippia user wrote a review on Apr 2020
Pros

Able to do creative graphs showing financial activity, controlling budgets, and autonomy. I enjoy working by myself but i do miss talking with people

Cons

Not much interaction with others. You must like working independently for most of your shift


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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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