"veterans," "financial statements," and "patients" aren't the only skills we found account technicians list on their resumes. In fact, there's a whole list of account technician responsibilities that we found, including:
What Does an Account Technician Do?
Account technicians are skilled professionals who are responsible for gathering data and preparing financial statements and reports from the account records they have maintained. These technicians are required to settle accounts with insurance companies and maximize benefits payments received from those companies. They must maintain a client management system for multiple accounts and coordinate marketing outreach for potential and existing clients. Account technicians must also monitor and compile all documents of the department, such as invoices, checks, and financial records.
Account Technician Responsibilities
Here are examples of responsibilities from real account technician resumes representing typical tasks they are likely to perform in their roles.
- Develop expertise in use of PeopleSoft system to manage balance accounts for quarterly investment portfolio.
- Process medical claims and workman compensation claims and Medicare & Medicaid claims.
- Review accounts, record payments from first and third party billing to include Medicare, Medicaid, and private insurance.
- Close patient contact, appropriate decision-making concerning patient financial affairs and coordination between patients and third-party sponsorship for further financial assistance.
- Issue manual checks from QuickBooks as needed.
- Construct payment scheduling through utilization of QuickBooks.
- Deliver exceptional customer service to hospital accounts and internal sales representatives in accordance to revenue recognition policies and HIPAA regulations.
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Account Technician Skills and Personality Traits
We calculated that 13% of Account Technicians are proficient in Veterans, Financial Statements, and Patients. They’re also known for soft skills such as Computer skills, Integrity, and Detail oriented.
We break down the percentage of Account Technicians that have these skills listed on their resume here:
- Veterans, 13%
Audited, verified eligibility and processed all reimbursable expenses for veterans & other entities.
- Financial Statements, 10%
Prepared and analyzed accounting records and financial statements to assess accuracy, completeness, and conformance to reporting and procedural standards.
- Patients, 8%
Analyzed explanation of benefits received on behalf of specific patients.
- Data Entry, 6%
Performed data entry of all raw materials for inventory reconciliation.
- HR, 5%
Collaborated with the HR department to conduct a classification and evaluation study on the Fiscal Account Technician II.
- Reconciliations, 5%
Analyze reconciliations for accuracy and trends for future predictions based upon historical trends for financial/ operational needs.
The three companies that hire the most prestigious account technicians are:
- Applied Materials10 Account Technicians Jobs
- Leidos6 Account Technicians Jobs
- Apple4 Account Technicians Jobs
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What Finance Clerks Do
Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed. They must verify financial and other data so that they can enter those data into the database and maintain updated records. Finance clerks must also assist with account reconciliations and should report the status of accounts and discrepancies to the management.
In this section, we compare the average account technician annual salary with that of a finance clerk. Typically, finance clerks earn a $11,890 lower salary than account technicians earn annually.
While their salaries may differ, one common ground between account technicians and finance clerks are a few of the skills required in each craft. In both careers, employees bring forth skills like financial statements, data entry, and hr.
As far as similarities go, this is where it ends because an account technician responsibility requires skills such as "veterans," "patients," "reconciliations," and "general ledger." Whereas a finance clerk is skilled in "general ledger accounts," "process invoices," "financial aid applications," and "clerical support." So if you're looking for what truly separates the two careers, you've found it.
The education levels that finance clerks earn is a bit different than that of account technicians. In particular, finance clerks are 2.4% less likely to graduate with a Master's Degree than an account technician. Additionally, they're 0.3% more likely to earn a Doctoral Degree.
What Are The Duties Of a Cash Application Specialist?
Cash Application Specialists handle a variety of tasks related to company finances. They manage the organization of the company's financial records and oversee the overall cash inflow. They may also be assigned to handle payment collection, preparation of invoices, and receipts' issuance. They manage their relationship with their counterparts in client organizations to ensure a harmonious work relationship. This will help them follow up payments, communicate better, and resolve any concerns. Cash application specialists are also in charge of updating client records and ensuring that clients' payments are accurate. They also process refunds and facilitate other financial transactions.
The next role we're going to look at is the cash application specialist profession. Typically, this position earns a lower pay. In fact, they earn a $13,557 lower salary than account technicians per year.
Not everything about these jobs is different. Take their skills, for example. Account technicians and cash application specialists both include similar skills like "patients," "data entry," and "reconciliations" on their resumes.
While some skills are similar in these professions, other skills aren't so similar. For example, several resumes showed us that account technician responsibilities requires skills like "veterans," "financial statements," "hr," and "general ledger." But a cash application specialist might use skills, such as, "customer service," "credit card payments," "cash receipts," and "cash handling."
In general, cash application specialists study at similar levels of education than account technicians. They're 3.2% less likely to obtain a Master's Degree while being 0.3% less likely to earn a Doctoral Degree.
How an Accounting Representative Compares
Account representatives are in charge of making sales. Their primary duties include designing and maintaining customer accounts, as well as being a liaison between the organization and clients. They constantly communicate with clients, respond to their concerns, and monitor transactions as well as payments. Also, they develop company invoices, regularly keeping track of client's transactions, maintaining records of the client's account, and routinely auditing them. The job requirements include strong communication and negotiation skills, relevant experience in sales, and confidence.
Let's now take a look at the accounting representative profession. On average, these workers make lower salaries than account technicians with a $7,239 difference per year.
While looking through the resumes of several account technicians and accounting representatives we discovered that both professions have similar skills. These similarities include skills such as "financial statements," "patients," and "data entry," but they differ when it comes to other required skills.
As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from account technicians resumes, they are more likely to have skills like "veterans," "general ledger," "management system," and "purchase orders." But a accounting representative might have skills like "payroll," "customer service," "general ledger accounts," and "insurance claims."
When it comes to education, accounting representatives tend to earn similar education levels than account technicians. In fact, they're 1.6% less likely to earn a Master's Degree, and 0.2% less likely to graduate with a Doctoral Degree.
Description Of an Accountable Clerk
The duties of an accountable clerk vary in one's industry of employment. Typically, their responsibilities revolve around overseeing the financial aspects of a company, including revenue and budget. They mostly process payments and income, ensuring accuracy in every detail and transaction. An accountable clerk may also have clerical tasks such as producing progress reports, answering calls and correspondence, coordinating with various department personnel, and maintaining a database of information. Should there be any issues, it is essential to report to a manager right away.
Now, we'll look at accountable clerks, who generally average a lower pay when compared to account technicians annual salary. In fact, the difference is about $12,995 per year.
While their salaries may vary, account technicians and accountable clerks both use similar skills to perform their jobs. Resumes from both professions include skills like "financial statements," "data entry," and "hr. "
Each job requires different skills like "veterans," "patients," "reconciliations," and "general ledger," which might show up on an account technician resume. Whereas accountable clerk might include skills like "customer service," "process payroll," "payment vouchers," and "general ledger accounts."
In general, accountable clerks reach similar levels of education when compared to account technicians resumes. Accountable clerks are 3.1% less likely to earn their Master's Degree and 0.2% less likely to graduate with a Doctoral Degree.
Types Of Account Technician
Technician
Average Salary: $38,045
Bachelor's Degree
Available Jobs: 259,040
How To Become a Technician
Accountant
Average Salary: $54,890
Bachelor's Degree
Available Jobs: 107,439
How To Become an Accountant
Accounting Clerk
Average Salary: $38,683
Bachelor's Degree
Available Jobs: 83,359
How To Become an Accounting Clerk
Accountable Clerk
Average Salary: $38,120
Bachelor's Degree
Available Jobs: 10,206
How To Become an Accountable Clerk
Accounting Technician
Average Salary: $41,337
Bachelor's Degree
Available Jobs: 8,961
How To Become an Accounting Technician
Account Administrator
Average Salary: $40,149
Bachelor's Degree
Available Jobs: 8,747