The average pay for a Factor is €82,587 a year and €40 an hour in Finland.
The average salary range for a Factor is between €57,700 and €102,401.
This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Finland.
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Purchases, or factors, at a discount, 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.