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Financial Systems Director salary in Latvia

Average Yearly Salary of Financial Systems Director in Latvia is approximately 54,693 EUR (54,523 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 Financial Systems Director do?

occupation personasA Financial Systems Director is responsible for overseeing and managing the financial systems of an organization. They ensure the smooth operation, maintenance, and enhancement of financial software applications and tools. Their main objective is to optimize financial processes and data management, ensuring accuracy, efficiency, and compliance with regulatory requirements. The role involves analyzing business needs, identifying system improvements, and implementing solutions to enhance financial reporting, budgeting, forecasting, and analysis capabilities. Financial Systems Directors collaborate with cross-functional teams to gather requirements, develop project plans, and execute system upgrades or implementations. They also provide training and support to end-users, troubleshoot issues, and ensure data integrity and security.

Skills: Financial Systems Director, Financial Software Management, Financial Reporting, Budgeting and Forecasting, Compliance, Data Management
Job industry: Finance


How much does Financial Systems Director make?

Salary details
How much does Financial Systems Director make?
Estimated Yearly Salary: 54,693 EUR
Estimated Monthly Salary: 4,558 EUR
Estimated Weekly Salary: 1,052 EUR per week
Estimated Hourly Salary: 26 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 52,729 EUR
Estimated Monthly Salary: 4,394 EUR
Estimated Weekly Salary: 1,014 EUR per week
Estimated Hourly Salary: 25 EUR per hour
Last revision of data: 2024-01-05



Financial Systems Director estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 54,523 USD
Estimated Monthly Salary: 4,544 USD
Estimated Weekly Salary: 1,049 USD per week
Estimated Hourly Salary: 26 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 4 %

About these results Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.

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Salary comparison to National average

Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.

Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Financial Systems Director job salary compared to average salary in Latvia.
Comparison shows that a person working as Financial Systems Director in Latvia earns on average:
2.8 times the average salary (or 280% of average salary).

Is Financial Systems Director a well paid job?

Yes, our data show that Financial Systems Director 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 Financial Systems Director?

High salary for Financial Systems Director would be somewhere between 60,162 EUR and 79,305 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Financial Systems Director 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: 54,693 EUR
Estimated Monthly Salary: 4,558 EUR
Estimated Weekly Salary: 1,052 EUR per week
Estimated Hourly Salary: 26 EUR per hour
By working as Financial Systems Director a person can save up to 3,684 USD per month or 44,203 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 Financial Systems Director

Estonia is 70,427 USDup arrow 29%
Details on Financial Systems Director salary in Estonia
Russia is 32,580 USDdown arrow 40%
Details on Financial Systems Director salary in Russia
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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+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

(224,317 EUR per year, pre-tax.)
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)

Data as of 2025

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Please note:
This website offers salary estimates for informational purposes exclusively.
The salary estimates on this website are meant for informational use only. We collect salary data from multiple providers, but cannot ensure complete precision. Users must on their own confirm salaries before making financial decisions. Salary variations occur due to company policies, negotiation skills, and experience levels. We deny any guarantee regarding the correctness of the provided salary data. By using this site, you agree that salary data is not definitive.
By visiting this website, you accept that salary details are subject to change.