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Billing assistant vs trading assistant

The differences between billing assistants and trading assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a billing assistant and a trading assistant. Additionally, a trading assistant has an average salary of $101,645, which is higher than the $33,745 average annual salary of a billing assistant.

The top three skills for a billing assistant include patients, data entry and medicaid. The most important skills for a trading assistant are trade shows, P/L, and securities.

Billing assistant vs trading assistant overview

Billing AssistantTrading Assistant
Yearly salary$33,745$101,645
Hourly rate$16.22$48.87
Growth rate-3%-8%
Number of jobs34,07026,872
Job satisfaction--
Most common degreeBachelor's Degree, 40%Bachelor's Degree, 78%
Average age4650
Years of experience22

What does a billing assistant do?

A billing assistant is primarily in charge of performing support tasks to maintain smooth billing operations in an establishment. Their responsibilities typically include preparing and processing invoices for clients, sending billing adjustments, printing and reviewing invoices and billings, receiving payments, and monitoring delinquent invoices, sending reminders as necessary. They may also close and balance payments, calculate discounts, and maintain records of all transactions. Moreover, a billing assistant must be alert and proactive for any errors and inconsistencies, dealing with them accordingly.

What does a trading assistant do?

A trading assistant is primarily in charge of performing support tasks for traders and participate in securing sales for a company. Their responsibilities typically revolve around liaising with clients through calls and correspondence to offer products and services, discussing specifications, negotiating billing plans, and processing payments. They must also assist traders by performing market research and analysis, preparing and processing documentation, arranging meetings and appointments, running errands, and resolving issues and concerns in adherence to the company's policies and regulations.

Billing assistant vs trading assistant salary

Billing assistants and trading assistants have different pay scales, as shown below.

Billing AssistantTrading Assistant
Average salary$33,745$101,645
Salary rangeBetween $27,000 And $41,000Between $58,000 And $176,000
Highest paying CityBaltimore, MDHartford, CT
Highest paying stateWashingtonConnecticut
Best paying companyUniversity of California, BerkeleyOak Hill Advisors
Best paying industryTechnologyFinance

Differences between billing assistant and trading assistant education

There are a few differences between a billing assistant and a trading assistant in terms of educational background:

Billing AssistantTrading Assistant
Most common degreeBachelor's Degree, 40%Bachelor's Degree, 78%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Billing assistant vs trading assistant demographics

Here are the differences between billing assistants' and trading assistants' demographics:

Billing AssistantTrading Assistant
Average age4650
Gender ratioMale, 14.2% Female, 85.8%Male, 58.6% Female, 41.4%
Race ratioBlack or African American, 10.2% Unknown, 4.3% Hispanic or Latino, 22.0% Asian, 6.8% White, 55.9% American Indian and Alaska Native, 0.8%Black or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7%
LGBT Percentage7%6%

Differences between billing assistant and trading assistant duties and responsibilities

Billing assistant example responsibilities.

  • Manage all billing accounts including Medicare/Medicaid, HMO and individual accounts.
  • Post insurance payments, explain patient what the EOB is about, collect payments from patients.
  • Communicate annual contracting, CPT, and ICD-9 yearly changes to doctor's offices by creation of formal notification.
  • Experience with billing systems and practices with CPT coding, ICD-9, and usages of coding for productive billing.
  • Bill insurance companies using ICD-9 coding.
  • Used denial reason codes on paper & electronic EOB in EMR/EHR software to examine denials.
  • Show more

Trading assistant example responsibilities.

  • Manage the cross-book with various brokers, trying to get the best rates for ADR trades.
  • Ensure accurate communication between traders and stock markets and manage all derivative portfolios for internationally known trading corporation.
  • Maintain the day-to-day operations of multiple internal trade capture applications, including creating new securities and managing the various classifications.
  • Ensure reporting accuracy by preparing daily profit/loss spreadsheet for entire manage portfolio, including accrual of market positions initiate and liquidate.
  • Cash management and various reconciliations of the hedge fund's feeder and master funds.
  • Calculate daily P/L for hedge fund consisting of futures, equities, and foreign currencies.
  • Show more

Billing assistant vs trading assistant skills

Common billing assistant skills
  • Patients, 21%
  • Data Entry, 11%
  • Medicaid, 5%
  • Patient Accounts, 4%
  • CPT, 3%
  • Front Desk, 3%
Common trading assistant skills
  • Trade Shows, 12%
  • P/L, 7%
  • Securities, 7%
  • Portfolio, 6%
  • Bloomberg, 6%
  • Fixed Income, 5%

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