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Account receivable associate vs account specialist

The differences between account receivable associates and account specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an account receivable associate and an account specialist. Additionally, an account receivable associate has an average salary of $43,252, which is higher than the $42,586 average annual salary of an account specialist.

The top three skills for an account receivable associate include customer service, data entry and patients. The most important skills for an account specialist are customer service, patients, and account management.

Account receivable associate vs account specialist overview

Account Receivable AssociateAccount Specialist
Yearly salary$43,252$42,586
Hourly rate$20.79$20.47
Growth rate-8%-8%
Number of jobs79,264116,010
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 54%
Average age4646
Years of experience1212

What does an account receivable associate do?

An account receivable associate is responsible for collecting and posting client payments for the company's services, recording system transactions timely, and reaching out to clients for outstanding bills. Account receivable associates settle accurate receipts for records, resolve payment discrepancies, and handle other related financial transactions. They also create comprehensive financial reports to the supervisor for review and submission to the senior management. An account receivable associate reviews contract agreements and discusses payment terms with the clients.

What does an account specialist do?

An account specialist is responsible for reaching out to customers or potential clients through calls, emails, and other forms of correspondence to secure sales and strengthen business relations. An account specialist may also perform other tasks such as arranging appointment schedules with clients, providing price quotes and responding to further inquiries, process orders, generating sales leads, and handling complaints and resolving issues. Furthermore, an account specialist may also be involved in developing strategies, finding new opportunities, producing and completing necessary documents, and preparing reports, all in adherence to the company's policies and regulations.

Account receivable associate vs account specialist salary

Account receivable associates and account specialists have different pay scales, as shown below.

Account Receivable AssociateAccount Specialist
Average salary$43,252$42,586
Salary rangeBetween $29,000 And $63,000Between $28,000 And $62,000
Highest paying CityWallingford, CTWashington, DC
Highest paying stateConnecticutVirginia
Best paying companyAlvarez & MarsalMicrosoft
Best paying industryTechnologyFinance

Differences between account receivable associate and account specialist education

There are a few differences between an account receivable associate and an account specialist in terms of educational background:

Account Receivable AssociateAccount Specialist
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common college--

Account receivable associate vs account specialist demographics

Here are the differences between account receivable associates' and account specialists' demographics:

Account Receivable AssociateAccount Specialist
Average age4646
Gender ratioMale, 23.5% Female, 76.5%Male, 32.2% Female, 67.8%
Race ratioBlack or African American, 14.3% Unknown, 4.0% Hispanic or Latino, 18.3% Asian, 3.5% White, 59.4% American Indian and Alaska Native, 0.5%Black or African American, 13.2% Unknown, 4.1% Hispanic or Latino, 17.8% Asian, 3.7% White, 60.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between account receivable associate and account specialist duties and responsibilities

Account receivable associate example responsibilities.

  • Manage daily credit card reconciliations and personally deliver regular cash deposits in a safe and professional manner.
  • Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
  • Participate in month end close process by ensuring all assign journal entries and account reconciliations are perform timely and accurately.
  • Receive payments by credit card, ACH (automate clearing house) and electronic bank deposits.
  • Create and process ACH draft files, credit cards and manual deposits for multiple bank accounts.
  • Print and export daily EDI orders, match documents by PO number and forward to shipping department for processing.
  • Show more

Account specialist example responsibilities.

  • Cultivate productive long-term relationships with all assign accounts, and manage all reporting and presentation needs for RFP's.
  • Manage a portfolio of accounts end to end RFP program execution inclusive of pricing, contracting, process and technology solutions.
  • Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Deliver exceptional customer service to hospital accounts and internal sales representatives in accordance to revenue recognition policies and HIPAA regulations.
  • Experience with CMS 1500 and UB-04 claims using HCPC/CPT codes as well as NDC codes
  • Monitor CMS and real time aux codes.
  • Show more

Account receivable associate vs account specialist skills

Common account receivable associate skills
  • Customer Service, 19%
  • Data Entry, 8%
  • Patients, 8%
  • Good Judgment, 5%
  • Credit Card Payments, 4%
  • Cash Application, 4%
Common account specialist skills
  • Customer Service, 25%
  • Patients, 13%
  • Account Management, 6%
  • PowerPoint, 4%
  • Data Entry, 4%
  • Catheter, 3%

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