What Does an Accounts Receivable Analyst Do?

We looked at the average accounts receivable analyst annual salary and compared it with the average of a billing and insurance coordinator. Generally speaking, billing and insurance coordinators receive $2,551 lower pay than accounts receivable analysts per year.

Even though accounts receivable analysts and billing and insurance coordinators have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require customer service, customer accounts, and patients in the day-to-day roles.

As far as similarities go, this is where it ends because an accounts receivable analyst responsibility requires skills such as "reconciliations," "pivot tables," "credit memos," and "strong analytical." Whereas a billing and insurance coordinator is skilled in "work ethic," "strong work ethic," "medical billing," and "billing process." So if you're looking for what truly separates the two careers, you've found it.

Billing and insurance coordinators tend to make the most money in the professional industry by averaging a salary of $58,069. In contrast, accounts receivable analysts make the biggest average salary of $45,068 in the hospitality industry.

On average, billing and insurance coordinators reach similar levels of education than accounts receivable analysts. Billing and insurance coordinators are 3.4% less likely to earn a Master's Degree and 0.2% more likely to graduate with a Doctoral Degree.

Now we're going to look at the collections coordinator profession. On average, collections coordinators earn a $5,754 lower salary than accounts receivable analysts a year.

A similarity between the two careers of accounts receivable analysts and collections coordinators are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "customer service," "reconciliations," and "customer accounts. "

But both careers also use different skills, according to real accounts receivable analyst resumes. While accounts receivable analyst responsibilities can utilize skills like "pivot tables," "financial reports," "credit memos," and "strong analytical," some collections coordinators use skills like "phone calls," "appeals," "collection process," and "medical billing."

It's been discovered that collections coordinators earn lower salaries compared to accounts receivable analysts, but we wanted to find out where collections coordinators earned the most pay. The answer? The professional industry. The average salary in the industry is $39,558. Additionally, accounts receivable analysts earn the highest paychecks in the hospitality with an average salary of $45,068.

When it comes to the differences in education between the two professions, collections coordinators tend to reach similar levels of education than accounts receivable analysts. In fact, they're 2.0% less likely to graduate with a Master's Degree and 0.2% more likely to earn a Doctoral Degree.

The analyst profession generally makes a higher amount of money when compared to the average salary of accounts receivable analysts. The difference in salaries is analysts making $29,315 higher than accounts receivable analysts.

While looking through the resumes of several accounts receivable analysts and analysts we discovered that both professions have similar skills. These similarities include skills such as "customer service," "pivot tables," and "financial reports," but they differ when it comes to other required skills.

There are many key differences between these two careers as shown by resumes from each profession. Some of those differences include the skills required to complete responsibilities within each role. As an example of this, an accounts receivable analyst is likely to be skilled in "reconciliations," "customer accounts," "patients," and "cash application," while a typical analyst is skilled in "troubleshoot," "data analysis," "management system," and "project management."

Additionally, analysts earn a higher salary in the technology industry compared to other industries. In this industry, they receive an average salary of $79,330. Additionally, accounts receivable analysts earn an average salary of $45,068 in the hospitality industry.

Analysts typically study at similar levels compared with accounts receivable analysts. For example, they're 4.8% more likely to graduate with a Master's Degree, and 1.2% more likely to earn a Doctoral Degree.

Billing analysts tend to earn a higher pay than accounts receivable analysts by about $7,852 per year.

While their salaries may vary, accounts receivable analysts and billing analysts both use similar skills to perform their jobs. Resumes from both professions include skills like "customer service," "reconciliations," and "customer accounts. "

While some skills are shared by these professions, there are some differences to note. "past due accounts," "erp," "cash receipts," and "ach" are skills that have shown up on accounts receivable analysts resumes. Additionally, billing analyst uses skills like powerpoint, excellent time management, billing process, and sql on their resumes.

Now, let's take a closer look at the financials in each career. The finance industry tends to pay more for billing analysts with an average of $73,956. While the highest accounts receivable analyst annual salary comes from the hospitality industry.

In general, billing analysts reach similar levels of education when compared to accounts receivable analysts resumes. Billing analysts are 0.3% less likely to earn their Master's Degree and 0.2% more likely to graduate with a Doctoral Degree.