Explore Jobs
Find Specific Jobs
Explore Careers
Explore Professions
Best Companies
Explore Companies
Finance coordinator hiring summary. Here are some key points about hiring finance coordinators in the United States:
Here's a step-by-step finance coordinator hiring guide:
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.
Before you start hiring a finance coordinator, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
A finance coordinator's background is also an important factor in determining whether they'll be a good fit for the position. For example, finance coordinators from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of finance coordinator salaries for various roles:
Type Of Finance Coordinator | Description | Hourly Rate |
---|---|---|
Finance Coordinator | Bookkeeping, accounting, and auditing clerks produce financial records for organizations. They record financial transactions, update statements, and check financial records for accuracy. | $16-34 |
Accounting Clerk | Accounting clerks are employees assigned to manage administrative and clerical tasks in the accounting department. Accounting clerks handle office accounting records and ensure that files are properly labeled and stored... Show More | $13-24 |
Accounts Payable Clerk | An accounts payable clerk is responsible for supporting the accounting department by performing clerical duties to file financial reports timely and accurately. Accounts payable clerks manage and verify invoices documents, reconcile balance spreadsheets, process payments for suppliers and vendors, resolve billing discrepancies, confirm and post account statements, record outstanding credits, and maintain an organized record of transactions... Show More | $14-23 |
Including a salary range in your finance coordinator job description helps attract top candidates to the position. A finance coordinator salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a finance coordinator in West Virginia may be lower than in Maryland, and an entry-level finance coordinator usually earns less than a senior-level finance coordinator. Additionally, a finance coordinator with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
Rank | State | Avg. Salary | Hourly Rate |
---|---|---|---|
1 | District of Columbia | $75,473 | $36 |
2 | Maryland | $69,375 | $33 |
3 | New Jersey | $63,535 | $31 |
4 | New York | $62,259 | $30 |
5 | Massachusetts | $58,425 | $28 |
6 | Ohio | $57,328 | $28 |
7 | Virginia | $56,396 | $27 |
8 | California | $55,892 | $27 |
9 | Rhode Island | $54,302 | $26 |
10 | Illinois | $53,952 | $26 |
11 | Pennsylvania | $52,292 | $25 |
12 | Washington | $52,190 | $25 |
13 | Minnesota | $51,627 | $25 |
14 | Texas | $50,615 | $24 |
15 | Indiana | $47,743 | $23 |
16 | Oregon | $47,015 | $23 |
17 | Florida | $46,755 | $22 |
18 | New Hampshire | $46,593 | $22 |
19 | North Carolina | $45,836 | $22 |
20 | Tennessee | $45,338 | $22 |
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | McKinsey & Company Inc | $100,131 | $48.14 | 2 |
2 | Ascensus | $86,688 | $41.68 | |
3 | Parsons | $82,016 | $39.43 | 5 |
4 | Baird | $80,373 | $38.64 | 11 |
5 | PRWeek | $79,148 | $38.05 | |
6 | Starz | $77,494 | $37.26 | 2 |
7 | Wpp Us Holdings Inc | $75,608 | $36.35 | 7 |
8 | IBM | $73,131 | $35.16 | 5 |
9 | David Weekley Homes | $71,275 | $34.27 | 1 |
10 | Intertek | $70,884 | $34.08 | 1 |
11 | World Economic Forum | $69,955 | $33.63 | 2 |
12 | Droga5 | $69,275 | $33.31 | |
13 | Alberici Constructors | $67,990 | $32.69 | |
14 | Universal Music Group | $67,472 | $32.44 | 3 |
15 | Ogilvy | $67,032 | $32.23 | 1 |
16 | Boston Public Schools | $66,548 | $31.99 | 1 |
17 | Baptist Health Care | $65,151 | $31.32 | 3 |
18 | EDC | $65,028 | $31.26 | |
19 | PepsiCo | $64,448 | $30.98 | 6 |
20 | Gehan Homes | $64,330 | $30.93 |
A job description for a finance coordinator role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a finance coordinator job description:
To find finance coordinators for your business, try out a few different recruiting strategies:
Your first interview with finance coordinator candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the finance coordinator candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new finance coordinator. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
There are different types of costs for hiring finance coordinators. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new finance coordinator employee.
The median annual salary for finance coordinators is $49,358 in the US. However, the cost of finance coordinator hiring can vary a lot depending on location. Additionally, hiring a finance coordinator for contract work or on a per-project basis typically costs between $16 and $34 an hour.