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Accounts receivable analyst vs analyst

The differences between accounts receivable analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become an accounts receivable analyst, becoming an analyst takes usually requires 2-4 years. Additionally, an analyst has an average salary of $73,007, which is higher than the $43,692 average annual salary of an accounts receivable analyst.

The top three skills for an accounts receivable analyst include customer service, reconciliations and customer accounts. The most important skills for an analyst are customer service, troubleshoot, and data analysis.

Accounts receivable analyst vs analyst overview

Accounts Receivable AnalystAnalyst
Yearly salary$43,692$73,007
Hourly rate$21.01$35.10
Growth rate-8%11%
Number of jobs26,558253,138
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 67%
Average age4644
Years of experience124

What does an accounts receivable analyst do?

An Accounts Receivable Analyst provides accounts receivable support through monitoring all aspects of the collection of outstanding debts owed to a company. They check missing and unresolved payment issues, monitor overdue accounts, and prepare statements for managers.

What does an analyst do?

Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.

Accounts receivable analyst vs analyst salary

Accounts receivable analysts and analysts have different pay scales, as shown below.

Accounts Receivable AnalystAnalyst
Average salary$43,692$73,007
Salary rangeBetween $33,000 And $57,000Between $53,000 And $99,000
Highest paying CityArlington, VAJersey City, NJ
Highest paying stateConnecticutNew Jersey
Best paying companyPacific Investment Management Company LLCThe Citadel
Best paying industryHospitalityTechnology

Differences between accounts receivable analyst and analyst education

There are a few differences between an accounts receivable analyst and an analyst in terms of educational background:

Accounts Receivable AnalystAnalyst
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common college-Northwestern University

Accounts receivable analyst vs analyst demographics

Here are the differences between accounts receivable analysts' and analysts' demographics:

Accounts Receivable AnalystAnalyst
Average age4644
Gender ratioMale, 29.4% Female, 70.6%Male, 52.4% Female, 47.6%
Race ratioBlack or African American, 14.2% Unknown, 4.0% Hispanic or Latino, 18.7% Asian, 3.5% White, 59.1% American Indian and Alaska Native, 0.5%Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2%
LGBT Percentage8%12%

Differences between accounts receivable analyst and analyst duties and responsibilities

Accounts receivable analyst example responsibilities.

  • Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
  • Perform and analyze all accounts receivable duties, including proper application of cash, check, ACH, and wire transactions.
  • Forecast estimate check clearing, deposits, ACH activities and other variables in order to set guidelines for daily cash position.
  • Verify benefits and eligibility for new patients.
  • Determine medical benefits base on contractual agreements assuring benefits are applied correctly for patients during claims processing.
  • Code invoices, research customer information, perform detail reconciliations, analyze exceptions with customer information and billing.
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Analyst example responsibilities.

  • Manage support incidents and mitigate customer issues meeting or exceeding establish SLA's.
  • Manage database including all ETL procedures, optimize SQL query to build an online sales platform.
  • Lead the requirement gathering effort from key customers for development of new JAVA applications and for troubleshooting customer issues.
  • Provide hands-on technical support and managing custom software, windows base systems, networking solutions, and database systems.
  • Initiate and lead quality improvement projects to address KPIs such as production, error rate, and turnaround time.
  • Help develop and handle both on and offsite SEO solutions as well as managing local campaigns and international SEO efforts.
  • Show more

Accounts receivable analyst vs analyst skills

Common accounts receivable analyst skills
  • Customer Service, 13%
  • Reconciliations, 8%
  • Customer Accounts, 7%
  • Pivot Tables, 4%
  • Patients, 4%
  • Financial Reports, 4%
Common analyst skills
  • Customer Service, 13%
  • Troubleshoot, 6%
  • Data Analysis, 6%
  • Management System, 5%
  • Project Management, 5%
  • Strong Analytical, 4%

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