Salary Survey Summary Data for Factor

The summary data provided is a sampling of ERI's Salary Assessor^® database. The average salary figures below are for base compensation. The Salary Assessor covers 5,700 job titles and 7,000 geographic locations. To download a demo of the Salary Assessor, please use the form to the right.

Job Description: Purchases at a discount, or factors, accounts receivable from businesses needing operating capital. Directs collection of facts about prospective client's business, such as credit rating of customers, evaluation of past losses, terms of sales, due dates, average amount of invoices, and expected volume and turnover of accounts receivable. Evaluates data collected to determine type of factoring plan to propose and percentage of net face value of accounts to advance that will yield favorable profit margin and alleviate client's cash shortage. A combination of over four years of directly related training and/or experience is typically required for carrying out the responsibilities for this job.: Determines charge from fee schedule. Explains factoring agreement to client. Prepares and signs contract specifying terms of agreement and rights and obligations of both parties. May provide clients with other business services, such as credit and collection services, accounts receivable bookkeeping, and management consulting, on contract or fee basis. May specialize in factoring agreements in one or more industries. hide...show full description

Average Salary Data By Location

Atlanta, GA Boston, MA Charlotte, NC Chicago, IL Houston, TX Los Angeles, CA New York-Manhattan, NY Orlando, FL Philadelphia, PA Phoenix, AZ

Average Salary 82,877     Average Salary 87,638     Average Salary 81,769     Average Salary 100,970     Average Salary 94,482     Average Salary 87,323     Average Salary 89,566     Average Salary 84,039     Average Salary 94,389     Average Salary 84,150

Salary Assessor Demo Download

Other ERI Products:

• Geographic pay differentials
• Set branch office salaries

• Compare cost of living levels
• Set relocation bonuses and salary adjustments

• Set executive compensation levels
• Includes data from comparable companies

• Set executive compensation for nonprofits
• Includes over 23 million data points and comparable organizations