Director Of Finance salary in Latvia

Average Yearly Salary of Director Of Finance in Latvia is approximately 45,437 EUR (45,657 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Director Of Finance do?

The Director of Finance is a senior-level executive responsible for overseeing the financial operations and strategies of an organization. They play a crucial role in managing the company's financial health, ensuring compliance with regulations, and providing strategic guidance to support business growth and profitability. The key responsibilities of a Director of Finance include financial planning and analysis, budgeting, forecasting, financial reporting, risk management, cash flow management, and financial decision-making. They collaborate with other departments and stakeholders to develop and implement financial policies and procedures, evaluate investment opportunities, and optimize financial performance. Strong leadership, analytical skills, and business acumen are essential for this role, as well as a deep understanding of accounting principles, taxation, and financial markets.

Skills: Director of Finance, Financial Operations, Strategic Planning, Financial Reporting, Risk Management, Budgeting
Job industry: Finance

How much does Director Of Finance make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Director Of Finance a well paid job?

Yes, our data show that Director Of Finance is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Director Of Finance?

High salary for Director Of Finance would be somewhere between 49,981 EUR and 65,884 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Of Finance in Latvia?

Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 45,437 EUR
Estimated Monthly Salary: 3,786 EUR
Estimated Weekly Salary: 874 EUR per week
Estimated Hourly Salary: 22 EUR per hour
By working as Director Of Finance a person can save up to 2,945 USD per month or 35,337 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Latvia, see costs of living in Latvia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Estonia, Russia, Belarus, Lithuania..
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Director Of Finance

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Latvia

Data as of 2025

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