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The differences between accounts receivable specialists and coordinators 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 a coordinator. Additionally, a coordinator has an average salary of $41,599, 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 a coordinator are customer service, patients, and excellent organizational.
Accounts Receivable Specialist | Coordinator | |
Yearly Salary | $39,873 | $41,599 |
Hourly rate | $19.17 | $20.00 |
Growth Rate | -8% | 12% |
Number Of Jobs | 61,988 | 151,508 |
Job Satisfaction | 4.5 | 5 |
Most Common Degree | Bachelor's Degree, 45% | Bachelor's Degree, 57% |
Average Age | 46 | 43 |
Years Of Experience | 12 | 12 |
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.
Coordinators are responsible for liaising between the department they are assigned to and any other external party. They oversee projects or agreements. They are in charge of following through negotiations between the two parties regarding work. They see through the conduct of such contracts by ensuring that all terms are amenable to both parties. They maintain records and other necessary data and paperwork. They also ensure that office policy and guidelines are being followed. Coordinators also ensure that all projects are completed efficiently and effectively.
Accounts receivable specialists and coordinators have different pay scales, as shown below.
Accounts Receivable Specialist | Coordinator | |
Average Salary | $39,873 | $41,599 |
Salary Range | Between $31,000 And $50,000 | Between $27,000 And $61,000 |
Highest Paying City | Washington, DC | San Francisco, CA |
Highest Paying State | Connecticut | Alaska |
Best Paying Company | InfosysPublicService | Meta |
Best Paying Industry | Technology | Technology |
There are a few differences between an accounts receivable specialist and a coordinator in terms of educational background:
Accounts Receivable Specialist | Coordinator | |
Most Common Degree | Bachelor's Degree, 45% | Bachelor's Degree, 57% |
Most Common Major | Business | Business |
Most Common College | - | University of Southern California |
Here are the differences between accounts receivable specialists' and coordinators' demographics:
Accounts Receivable Specialist | Coordinator | |
Average Age | 46 | 43 |
Gender Ratio | Male, 18.2% Female, 81.8% | Male, 36.3% Female, 63.7% |
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, 11.5% Unknown, 5.2% Hispanic or Latino, 20.9% Asian, 6.4% White, 53.9% American Indian and Alaska Native, 2.1% |
LGBT Percentage | 8% | 11% |