Average Accounts Receivable Financial Analyst Salary in Puerto Rico for 2024

In this article, we will look at the average Accounts Receivable Financial Analyst salary for 2024 in Puerto Rico and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does an Accounts Receivable Financial Analyst Make in Puerto Rico?

An Accounts Receivable Financial Analyst working in Puerto Rico will typically earn around 20,300 USD per year, and this can range from the lowest average salary of about 11,180 USD to the highest average salary of 28,900 USD.

Average Annual Salary
20,300 USD
Average Monthly Salary
1,691 USD

Lowest Annual Salary
11,180 USD
Lowest Monthly Salary
931 USD

Highest Annual Salary
28,900 USD
Highest Monthly Salary
2,408 USD

These are average salaries for an Accounts Receivable Financial Analyst in Puerto Rico and include benefits such as housing and transport. It's also possible for an Accounts Receivable Financial Analyst to earn more or less than the average salaries shown above.

Accounts Receivable Financial Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Accounts Receivable Financial Analyst Salaries in Puerto Rico

So we've looked at the average salaries an Accounts Receivable Financial Analyst will earn in Puerto Rico. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Accounts Receivable Financial Analyst can earn between 11,180 USD and 28,900 USD on average in Puerto Rico. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Accounts Receivable Financial Analyst in Puerto Rico is 16,300 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 16,300 USD, and 50% of the population earn more than 16,300 USD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Accounts Receivable Financial Analyst salary in Puerto Rico, 25% of the population are earning less than 11,800 USD while 75% of the population earn more than 11,800 USD.

75% of the population earn less than 24,400 USD, and 25% of the population earn more than 24,400 USD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Accounts Receivable Financial Analyst Salary by Experience Level in Puerto Rico

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average accounts receivable financial analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Accounts Receivable Financial Analyst in Puerto Rico that has less than two years of experience can expect to earn somewhere in the region of 13,000 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Accounts Receivable Financial Analyst salary would increase to 13,300 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Accounts Receivable Financial Analyst, the average salary would be 17,800 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 23,400 USD.
  • 15 - 20 Years Experience. An Accounts Receivable Financial Analyst with 15 to 20 years of experience can earn an average of 27,400 USD.
  • 20+ Years Experience. For an Accounts Receivable Financial Analyst with more than 20 years, the expected average salary increases to 26,500 USD.

Average Salary by Experience Chart

0-2 Years
13,000 USD
2-5 Years +34%
13,300 USD
5-10 Years +30%
17,800 USD
10-15 Years +21%
23,400 USD
15-20 Years +9%
27,400 USD
20+ Years +5%
26,500 USD

Accounts Receivable Financial Analyst Salary by Education Level in Puerto Rico

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Accounts Receivable Financial Analyst in Puerto Rico based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Accounts Receivable Financial Analyst in Puerto Rico with a high school education can earn an average salary of 14,700 USD.

  • Certificate or Diploma. An Accounts Receivable Financial Analyst in Puerto Rico with a certificate or diploma education can earn an average salary of 15,400 USD.

  • Bachelor's Degree. An Accounts Receivable Financial Analyst in Puerto Rico with a bachelor's degree education can earn an average salary of 20,000 USD.

  • Master's Degree. An Accounts Receivable Financial Analyst in Puerto Rico with a master's degree education can earn an average salary of 27,800 USD.

Average Salary by Education Chart

High School
14,700 USD
Certificate or Diploma +14%
15,400 USD
Bachelor's Degree +41%
20,000 USD
Master's Degree +21%
27,800 USD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Puerto Rico is around 8,390 to 25,200 USD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Accounts Receivable Financial Analyst Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Puerto Rico, a male accounts receivable financial analyst will earn an average of 18,600 USD, while a female accounts receivable financial analyst will earn around 19,200 USD.

This means that a male accounts receivable financial analyst earns approximately 3% less than a female accounts receivable financial analyst for performing the same job.

Average Salary by Gender Chart in Puerto Rico

Male
18,600 USD
Female +3%
19,200 USD

Accounts Receivable Financial Analyst Average Pay Raise in Puerto Rico

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Accounts Receivable Financial Analyst in Puerto Rico is around 7% every 29 months.

The national average pay raise across all professions and industries in Puerto Rico is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 29 ) × 12  = 3%

What this means is that an Accounts Receivable Financial Analyst in Puerto Rico can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Puerto Rico for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Puerto Rico.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Accounts Receivable Financial Analyst Bonus and Incentive Rates in Puerto Rico

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Accounts Receivable Financial Analyst is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
35%
No Bonus
65%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Puerto Rico earn approximately 23% more than private sector employees in the same role.

Public Sector
23,400 USD
Private Sector -23%
19,000 USD

Salaries for Jobs Similar to an Accounts Receivable Financial Analyst

In the table below, we have salary information for jobs that are similar to an Accounts Receivable Financial Analyst in Puerto Rico.

Job Title Category Salary
Account Examiner Accounting and Finance 7,820 USD
Account Executive Accounting and Finance 16,900 USD
Accountant Accounting and Finance 14,700 USD
Accounting Analyst Accounting and Finance 16,100 USD
Accounting Assistant Accounting and Finance 11,900 USD
Accounting Associate Accounting and Finance 11,640 USD
Accounting Clerk Accounting and Finance 7,230 USD
Accounting Coordinator Accounting and Finance 12,800 USD
Accounting Head Accounting and Finance 26,900 USD
Accounting Manager Accounting and Finance 30,700 USD
Accounting Officer Accounting and Finance 7,820 USD
Accounting Specialist Accounting and Finance 18,900 USD
Accounting Supervisor Accounting and Finance 16,300 USD
Accounting Technician Accounting and Finance 7,850 USD
Accounting Unit Controller Accounting and Finance 20,700 USD
Accounts Executive Accounting and Finance 16,900 USD
Accounts Officer Accounting and Finance 12,300 USD
Accounts Payable and Receivable Specialist Accounting and Finance 14,500 USD
Accounts Payable Assistant Accounting and Finance 13,000 USD
Accounts Payable Associate Accounting and Finance 12,600 USD
Accounts Payable Clerk Accounting and Finance 11,300 USD
Accounts Payable Manager Accounting and Finance 25,800 USD
Accounts Receivable Administrator Accounting and Finance 20,400 USD
Accounts Receivable Clerk Accounting and Finance 7,820 USD
Accounts Receivable Manager Accounting and Finance 25,500 USD
Accounts Receivable Team Leader Accounting and Finance 22,000 USD
Assistant Accountant Accounting and Finance 12,300 USD
Assistant Accounting Manager Accounting and Finance 27,600 USD
Assistant Auditor Accounting and Finance 14,900 USD
Assistant Corporate Controller Accounting and Finance 17,100 USD
Assistant Finance Manager Accounting and Finance 29,600 USD
Assistant Financial Controller Accounting and Finance 20,200 USD
Audit Director Accounting and Finance 30,000 USD
Audit Supervisor Accounting and Finance 23,600 USD
Auditing Clerk Accounting and Finance 12,300 USD
Auditing Manager Accounting and Finance 29,300 USD
Billing Clerk Accounting and Finance 11,900 USD
Billing Coordinator Accounting and Finance 12,500 USD
Billing Specialist Accounting and Finance 13,100 USD
Billing Supervisor Accounting and Finance 20,000 USD
Bookkeeper Accounting and Finance 7,460 USD
Bookkeeping Specialist Accounting and Finance 13,900 USD
Budget Analyst Accounting and Finance 22,800 USD
Budget Manager Accounting and Finance 27,300 USD
Business Support Analyst Accounting and Finance 14,200 USD
Capital Markets Associate Accounting and Finance 20,200 USD
Cash Flow Analyst Accounting and Finance 20,000 USD
Cash Management Manager Accounting and Finance 26,200 USD
Cash Management Officer Accounting and Finance 13,500 USD
Cashbook Clerk Accounting and Finance 6,990 USD
Chartered Accountant Accounting and Finance 18,300 USD
Chief Accountant Accounting and Finance 21,200 USD
Collections Clerk Accounting and Finance 8,350 USD
Collections Representative Accounting and Finance 12,600 USD
Collections Specialist Accounting and Finance 14,200 USD
Corporate Controller Accounting and Finance 21,100 USD
Corporate Treasurer Accounting and Finance 26,500 USD
Cost Accountant Accounting and Finance 13,900 USD
Cost Accounting Manager Accounting and Finance 28,800 USD
Cost Accounting Supervisor Accounting and Finance 22,300 USD
Cost Analyst Accounting and Finance 21,100 USD
Credit and Collection Manager Accounting and Finance 27,800 USD
Credit and Collection Staff Accounting and Finance 8,100 USD
Credit and Loans Officer Accounting and Finance 9,140 USD
Credit Controller Accounting and Finance 17,900 USD
Credit Manager Accounting and Finance 30,800 USD
Debt Adviser Accounting and Finance 21,300 USD
Debt Collector Accounting and Finance 12,300 USD
Debtors Clerk Accounting and Finance 9,660 USD
Debtors Controller Accounting and Finance 7,820 USD
Deputy CFO Accounting and Finance 39,500 USD
Deputy Head of Finance Accounting and Finance 36,500 USD
Derivative Trader Accounting and Finance 24,400 USD
Director of Finance Accounting and Finance 42,500 USD
Economist Accounting and Finance 32,200 USD
Equity Analyst Accounting and Finance 22,200 USD
Escrow Assistant Accounting and Finance 12,600 USD
Executive Accountant Accounting and Finance 14,300 USD
External Auditor Accounting and Finance 20,300 USD
Finance Administrator Accounting and Finance 15,400 USD
Finance Analyst Accounting and Finance 24,400 USD
Finance Associate Accounting and Finance 12,600 USD
Finance Director Accounting and Finance 42,000 USD
Finance Executive Accounting and Finance 29,600 USD
Finance Licensing Clerk Accounting and Finance 11,640 USD
Finance Licensing Manager Accounting and Finance 27,600 USD
Finance Licensing Specialist Accounting and Finance 15,300 USD
Finance Manager Accounting and Finance 36,400 USD
Finance Officer Accounting and Finance 13,000 USD
Finance President Accounting and Finance 42,500 USD
Finance Relationship Manager Accounting and Finance 32,300 USD
Finance Release Analyst Accounting and Finance 15,100 USD
Finance Specialist Accounting and Finance 22,300 USD
Finance Team Leader Accounting and Finance 30,800 USD
Financial Accountant Accounting and Finance 13,600 USD
Financial Actuary Accounting and Finance 18,600 USD
Financial Administrator Accounting and Finance 23,400 USD
Financial Advisor Accounting and Finance 27,400 USD
Financial Analyst Accounting and Finance 24,400 USD
Financial Applications Specialist Accounting and Finance 19,400 USD
Financial Assistant Accounting and Finance 13,000 USD
Financial Associate Accounting and Finance 12,300 USD
Financial Associate Accounting and Finance 13,900 USD
Financial Claims Analyst Accounting and Finance 19,200 USD
Financial Claims Manager Accounting and Finance 24,800 USD
Financial Claims Supervisor Accounting and Finance 23,400 USD
Financial Clerk Accounting and Finance 11,900 USD
Financial Commercial Analyst Accounting and Finance 18,200 USD
Financial Compliance Analyst Accounting and Finance 23,400 USD
Financial Consultant Accounting and Finance 19,100 USD
Financial Controller Accounting and Finance 21,100 USD
Financial Coordinator Accounting and Finance 12,600 USD
Financial Customer Service Manager Accounting and Finance 23,600 USD
Financial Dealer and Broker Accounting and Finance 15,300 USD
Financial Director Accounting and Finance 42,000 USD
Financial Encoder Accounting and Finance 13,000 USD
Financial Manager Accounting and Finance 36,400 USD
Financial Manager Accounting and Finance 37,100 USD
Financial Operations Manager Accounting and Finance 32,600 USD
Financial Policy Analyst Accounting and Finance 20,700 USD
Financial Project Manager Accounting and Finance 27,200 USD
Financial Quantitative Analyst Accounting and Finance 24,400 USD
Financial Reporting Consultant Accounting and Finance 18,200 USD
Financial Reporting Manager Accounting and Finance 26,500 USD
Financial Section Head Accounting and Finance 23,600 USD
Financial Services Manager Accounting and Finance 32,600 USD
Financial Services Sales Agent Accounting and Finance 17,100 USD
Fixed Assets Administrator Accounting and Finance 13,900 USD
Forensic Accountant Accounting and Finance 16,100 USD
Fraud Detection Supervisor Accounting and Finance 16,100 USD
Fraud Prevention Manager Accounting and Finance 27,000 USD
Fund Accountant Accounting and Finance 15,100 USD
Grants Coordinator Accounting and Finance 11,300 USD
Group Financial Manager Accounting and Finance 39,500 USD
Internal Auditor Accounting and Finance 19,100 USD
Internal Control Adviser Accounting and Finance 23,000 USD
Internal Control Officer Accounting and Finance 10,000 USD
International Tax Director Accounting and Finance 30,200 USD
Inventory Accountant Accounting and Finance 14,500 USD
Investment Advisor Accounting and Finance 37,300 USD
Investment Analyst Accounting and Finance 25,800 USD
Investment Associate Accounting and Finance 20,700 USD
Investment Broker Accounting and Finance 20,700 USD
Investment Fund Manager Accounting and Finance 30,600 USD
Investment Operations Manager Accounting and Finance 30,600 USD
Investment Underwriter Accounting and Finance 12,800 USD
Investor Accounting and Finance 19,000 USD
Investor Relations Manager Accounting and Finance 26,500 USD
KYC Team Leader Accounting and Finance 27,400 USD
Loan Processor Accounting and Finance 12,300 USD
Management Accountant Accounting and Finance 14,000 USD
Management Economist Accounting and Finance 30,300 USD
Paymaster Accounting and Finance 13,000 USD
Payroll Administrator Accounting and Finance 20,300 USD
Payroll Benefits Coordinator Accounting and Finance 17,100 USD
Payroll Billing Manager Accounting and Finance 23,600 USD
Payroll Clerk Accounting and Finance 12,200 USD
Payroll Manager Accounting and Finance 25,400 USD
Payroll Officer Accounting and Finance 12,800 USD
Payroll Specialist Accounting and Finance 13,900 USD
Payroll Supervisor Accounting and Finance 18,300 USD
Pensions Administrator Accounting and Finance 14,000 USD
Personal Financial Advisor Accounting and Finance 21,200 USD
Pricing Analyst Accounting and Finance 23,400 USD
Private Equity Analyst Accounting and Finance 23,600 USD
Project Accountant Accounting and Finance 15,200 USD
Proposal Development Coordinator Accounting and Finance 12,600 USD
Receivables Accountant Accounting and Finance 12,800 USD
Regulatory Accountant Accounting and Finance 13,500 USD
Retirement Plan Analyst Accounting and Finance 21,100 USD
Revenue Management Specialist Accounting and Finance 22,300 USD
Revenue Recognition Analyst Accounting and Finance 26,400 USD
Risk Management Director Accounting and Finance 32,200 USD
Risk Management Supervisor Accounting and Finance 29,600 USD
Staff Accountant Accounting and Finance 11,800 USD
Tax Accountant Accounting and Finance 13,500 USD
Tax Administrator Accounting and Finance 15,500 USD
Tax Advisor Accounting and Finance 18,600 USD
Tax Analyst Accounting and Finance 20,000 USD
Tax Associate Accounting and Finance 12,800 USD
Tax Consultant Accounting and Finance 20,700 USD
Tax Director Accounting and Finance 32,900 USD
Tax Examiner Accounting and Finance 12,400 USD
Tax Manager Accounting and Finance 29,000 USD
Tax Research Manager Accounting and Finance 25,500 USD
Teller Accounting and Finance 6,580 USD
Treasury Accountant Accounting and Finance 14,200 USD
Treasury Analyst Accounting and Finance 23,500 USD
Underwriter Accounting and Finance 7,850 USD
Underwriting Assistant Accounting and Finance 9,340 USD
Vice President of Finance Accounting and Finance 37,300 USD

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