Balance clerk vs finance coordinator

The differences between balance clerks and finance coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a balance clerk and a finance coordinator. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $37,281 average annual salary of a balance clerk.

The top three skills for a balance clerk include data entry, bank deposits and check images. The most important skills for a finance coordinator are patients, customer service, and payroll.

Balance clerk vs finance coordinator overview

	Balance Clerk	Finance Coordinator
Yearly salary	$37,281	$49,358
Hourly rate	$17.92	$23.73
Growth rate	-5%	-5%
Number of jobs	66,377	106,187
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 58%
Average age	51	51
Years of experience	6	6

Balance clerk vs finance coordinator salary

Balance clerks and finance coordinators have different pay scales, as shown below.

	Balance Clerk	Finance Coordinator
Average salary	$37,281	$49,358
Salary range	Between $29,000 And $46,000	Between $34,000 And $71,000
Highest paying City	-	Washington, DC
Highest paying state	-	Maryland
Best paying company	-	McKinsey & Company Inc
Best paying industry	-	Professional

Differences between balance clerk and finance coordinator education

There are a few differences between a balance clerk and a finance coordinator in terms of educational background:

	Balance Clerk	Finance Coordinator
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 58%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Balance clerk vs finance coordinator demographics

Here are the differences between balance clerks' and finance coordinators' demographics:

	Balance Clerk	Finance Coordinator
Average age	51	51
Gender ratio	Male, 21.1% Female, 78.9%	Male, 22.1% Female, 77.9%
Race ratio	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between balance clerk and finance coordinator duties and responsibilities

Balance clerk example responsibilities.

Manage multiple deadlines for numerous payroll divisions and complex division budget reports with accurately and efficiently.
Maintain and provide timely and accurate reconciliations of various general ledger accounts and perform special projects as assigned.
Reconcile and balance multi-million dollar business & individual accounts, using QuickBooks.

Finance coordinator example responsibilities.

Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
Construct posts featuring highlights of past events on Facebook.
Enter EOB payments and denials and perform follow up with insurance company on denials.
Create promotional flyers for annual concerts and fundraisers which are posted through via Facebook and local areas.
Review and process EOB's daily, entering comments into the bill comment log as to status of follow up.
Produce basic PowerPoint presentation materials, including graphical renderings for illustration.

Balance clerk vs finance coordinator skills

Common balance clerk skills

Data Entry, 21%
Bank Deposits, 15%
Check Images, 14%
Credit Balances, 10%
Customer Accounts, 7%
Financial Institutions, 6%

Common finance coordinator skills

Patients, 21%
Customer Service, 11%
Payroll, 5%
Reconciliations, 4%
Data Entry, 3%
Insurance Benefits, 3%