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What is an account processor and how to become one

Updated January 8, 2025
4 min read

An account processor's duty varies depending on the company or organization they work for. Regardless, account processors are in charge of all activities about processing client's accounts in their various places of work. As an account processor, you are responsible for managing client's accounts and updating all necessary information to their account. You are also in charge of carrying out basic accounting duties such as purchase and sales ledger entry, posting bank payments and receipts, bank reconciliations, and preparing financial statements. For an account processor that works in a bank, you have to prepare an agreement for bank customers and ensure all the needed data and credit limitations into the bank's systems are added.

As an account processor, you must have integrity, customer service skills, computer literacy, pay attention to details, and you must understand data entry and document processing. You should also have a degree in business accounting or a related course. You will earn an average of $38,010 per year.

ScoreAccount ProcessorUS Average
Salary
3.0

Avg. Salary $37,924

Avg. Salary $59,228

Stability level
6.0

Growth rate -5%

Growth rate 0.3%

Diversity
2.7
Race

American Indian and Alaska Native 0.63%

Asian 6.65%

Black or African American 6.94%

Hispanic or Latino 14.72%

Unknown 3.97%

White 67.09%

Gender

female 74.97%

male 25.03%

Age - 53
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 53
Stress level
6.0

Stress level is manageable

7.1 - high

Complexity level
6.4

Complexity level is intermediate

7 - challenging

Work life balance
7.3

Work life balance is good

6.4 - fair

Account processor career paths

Key steps to become an account processor

  1. Explore account processor education requirements

    Most common account processor degrees

    Bachelor's

    43.4 %

    Associate

    28.4 %

    High School Diploma

    15.4 %
  2. Start to develop specific account processor skills

    SkillsPercentages
    Customer Service23.13%
    Customer Accounts15.15%
    Data Entry11.61%
    Customer Inquiries8.17%
    Customer Problems7.38%
  3. Complete relevant account processor training and internships

    Accountants spend an average of 1-3 months on post-employment, on-the-job training. New account processors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an account processor based on U.S. Bureau of Labor Statistics data and data from real account processor resumes.
  4. Research account processor duties and responsibilities

    • Manage and review all incoming discounts and electronic contractual adjustments for accuracy per the negotiated Medicaid and Medicare contracts ;.
    • Perform on line reject re-entry via CRT access on CPCS.
    • Support other areas as identified outside of Lockbox during non-peak times.
    • Process ACH's due to carriers base off incoming money and invoices.
  5. Prepare your account processor resume

    When your background is strong enough, you can start writing your account processor resume.

    You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an account processor resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

    Choose from 10+ customizable account processor resume templates

    Build a professional account processor resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your account processor resume.
    Account Processor Resume
    Account Processor Resume
    Account Processor Resume
    Account Processor Resume
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    Account Processor Resume
    Account Processor Resume
    Account Processor Resume
    Account Processor Resume
  6. Apply for account processor jobs

    Now it's time to start searching for an account processor job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

How did you land your first account processor job

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Average account processor salary

The average account processor salary in the United States is $37,924 per year or $18 per hour. Account processor salaries range between $28,000 and $50,000 per year.

Average account processor salary
$37,924 Yearly
$18.23 hourly

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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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