Accounts Receivable Specialist Vs Accounts Receivable Analyst

The differences between accounts receivable specialists and accounts receivable analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an accounts receivable specialist and an accounts receivable analyst. Additionally, an accounts receivable analyst has an average salary of $43,692, which is higher than the $39,873 average annual salary of an accounts receivable specialist.

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

Accounts receivable specialist vs accounts receivable analyst overview

	Accounts Receivable Specialist	Accounts Receivable Analyst
Yearly Salary	$39,873	$43,692
Hourly rate	$19.17	$21.01
Growth Rate	-8%	-8%
Number Of Jobs	61,988	26,558
Job Satisfaction	4.5	-
Most Common Degree	Bachelor's Degree, 45%	Bachelor's Degree, 61%
Average Age	46	46
Years Of Experience	12	12

What does an Accounts Receivable Specialist do?

Accounts receivable specialists are members of the organization's finance or accounting department. They are responsible for managing the collection of payments for the company. They prepare official receipts and coordinate with account payable specialists from other companies with pending payables. They ensure that clients pay on time, and they also follow up on payments when necessary. They are responsible for checking whether the clients have already paid in full. Accounts receivable specialists are in charge of updating accounting records as well to ensure that client records are up to date.

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.

Accounts receivable specialist vs accounts receivable analyst salary

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

	Accounts Receivable Specialist	Accounts Receivable Analyst
Average Salary	$39,873	$43,692
Salary Range	Between $31,000 And $50,000	Between $33,000 And $57,000
Highest Paying City	Washington, DC	Arlington, VA
Highest Paying State	Connecticut	Connecticut
Best Paying Company	InfosysPublicService	Pacific Investment Management Company LLC
Best Paying Industry	Technology	Hospitality

Differences between accounts receivable specialist and accounts receivable analyst education

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

	Accounts Receivable Specialist	Accounts Receivable Analyst
Most Common Degree	Bachelor's Degree, 45%	Bachelor's Degree, 61%
Most Common Major	Business	Business
Most Common College	-	-

Accounts receivable specialist vs accounts receivable analyst demographics

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

	Accounts Receivable Specialist	Accounts Receivable Analyst
Average Age	46	46
Gender Ratio	Male, 18.2% Female, 81.8%	Male, 29.4% Female, 70.6%
Race Ratio	Black or African American, 12.9% Unknown, 4.2% Hispanic or Latino, 19.0% Asian, 3.9% White, 59.6% American Indian and Alaska Native, 0.5%	Black 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%
LGBT Percentage	8%	8%

Differences between accounts receivable specialist and accounts receivable analyst duties and responsibilities

Accounts Receivable Specialist Example Responsibilities.

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Perform accounts reconciliations, complex invoice research, statement reconciliations, complex invoice research, statement reconciliation and journal entries.
Follow company's standard operating procedures in cooperation with Medicare, Medicaid and private insurance providers to resolve billing issues.
Cash and credit allocation of customer payments in ROSS ERP system.
Prepare PowerPoint presentations, word documents, letters and spreadsheets while meeting deadlines.
Reconcile direct billing accounts and adjust product pricing utilizing JD Edwards EnterpriseONE ERP system.

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.

Accounts receivable specialist vs accounts receivable analyst skills

Common Accounts Receivable Specialist Skills

Customer Service, 15%
Patients, 9%
Data Entry, 5%
Credit Card Payments, 4%
Reconciliations, 4%
Accounts Receivables, 3%

Common Accounts Receivable Analyst Skills

Customer Service, 13%
Reconciliations, 8%
Customer Accounts, 7%
Pivot Tables, 4%
Patients, 4%
Financial Reports, 4%

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Accounts Receivable Specialist vs Accounts Receivable Analyst

Updated January 8, 2025

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