Director Of Finance Administration salary in Latvia

Average Yearly Salary of Director Of Finance Administration in Latvia is approximately 38,718 EUR (38,660 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 Administration do?

The Director of Finance Administration is responsible for overseeing and managing all financial operations within an organization. This leadership role involves developing and implementing financial strategies, policies, and procedures to ensure effective financial management. The director collaborates with other departments to create budgets, forecasts, and financial reports, ensuring compliance with regulations and best practices. They provide guidance and support to the finance team, including managing payroll, accounts payable and receivable, and financial analysis. Additionally, the director may be involved in strategic decision-making, such as evaluating investment opportunities and cost-saving initiatives. Strong analytical skills, attention to detail, and knowledge of financial software and systems are crucial for this role.

Skills: Director of Finance, Financial Management, Financial Operations, Budgeting and Forecasting, Compliance, Strategic Decision-Making.
Job industry: Finance

How much does Director Of Finance Administration 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 Administration a well paid job?

Yes, our data shows that Director Of Finance Administration is a 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 Administration?

High salary for Director Of Finance Administration would be somewhere between 42,590 EUR and 56,141 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Director Of Finance Administration 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: 38,718 EUR
Estimated Monthly Salary: 3,227 EUR
Estimated Weekly Salary: 745 EUR per week
Estimated Hourly Salary: 19 EUR per hour
By working as Director Of Finance Administration a person can save up to 2,362 USD per month or 28,340 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 Administration

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.

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Data as of 2025

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