Finance coordinator vs finance director

The differences between finance coordinators and finance directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a finance coordinator, becoming a finance director takes usually requires 6-8 years. Additionally, a finance director has an average salary of $118,518, which is higher than the $49,358 average annual salary of a finance coordinator.

The top three skills for a finance coordinator include patients, customer service and payroll. The most important skills for a finance director are CPA, financial analysis, and payroll.

Finance coordinator vs finance director overview

	Finance Coordinator	Finance Director
Yearly salary	$49,358	$118,518
Hourly rate	$23.73	$56.98
Growth rate	-5%	17%
Number of jobs	106,187	90,012
Job satisfaction	5	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 71%
Average age	51	46
Years of experience	6	8

What does a finance coordinator do?

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.

What does a finance director do?

A finance director's role is to oversee all financial activities and aspects of a company or organization. One of their duties is to gather necessary financial data and cultivate reports on essential matters such as revenue and budget, provide risk assessments and estimates, implement vital policies, and allocate funds within the company. Furthermore, a finance director must also devise strategies and recommend innovative methods for financial gains, while in adherence to the organization's policies and regulations.

Finance coordinator vs finance director salary

Finance coordinators and finance directors have different pay scales, as shown below.

	Finance Coordinator	Finance Director
Average salary	$49,358	$118,518
Salary range	Between $34,000 And $71,000	Between $76,000 And $183,000
Highest paying City	Washington, DC	Palo Alto, CA
Highest paying state	Maryland	California
Best paying company	McKinsey & Company Inc	Meta
Best paying industry	Professional	Manufacturing

Differences between finance coordinator and finance director education

There are a few differences between a finance coordinator and a finance director in terms of educational background:

	Finance Coordinator	Finance Director
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 71%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Finance coordinator vs finance director demographics

Here are the differences between finance coordinators' and finance directors' demographics:

	Finance Coordinator	Finance Director
Average age	51	46
Gender ratio	Male, 22.1% Female, 77.9%	Male, 65.1% Female, 34.9%
Race ratio	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%	Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 9.4% White, 64.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	7%	11%

Differences between finance coordinator and finance director duties and responsibilities

Finance coordinator example 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.
Review and process EOB's daily, entering comments into the bill comment log as to status of follow up.
Produce basic PowerPoint presentation materials, including graphical renderings for illustration.

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Finance director example responsibilities.

Manage treasury functions considering the inflationary situation and changes in economic patterns to minimize any negative impact they may involve.
Improve internal controls and operating efficiency by training accountants and converting general ledger reconciliations to GAAP formats.
Prepare financial data and footnotes for independent CPA annual audit financial statements.
Develop financial models in Hyperion to aggregate sales data and allocate expenses for profitability analysis.
Complete Sarbanes-Oxley procedural requirements for entire incentive development, administration and reporting process.
Develop an electronic billing capacity and are the first Montana health care provider to bill Medicaid electronically.

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Finance coordinator vs finance director skills

Common finance coordinator skills

Patients, 21%
Customer Service, 11%
Payroll, 5%
Reconciliations, 4%
Data Entry, 3%
Insurance Benefits, 3%

Common finance director skills

CPA, 7%
Financial Analysis, 6%
Payroll, 4%
Work Ethic, 4%
Oversight, 4%
Financial Management, 4%

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Updated January 8, 2025

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