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The differences between cash application specialists and senior account specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a cash application specialist, becoming a senior account specialist takes usually requires 6-12 months. Additionally, a senior account specialist has an average salary of $68,185, which is higher than the $37,558 average annual salary of a cash application specialist.
The top three skills for a cash application specialist include customer service, cash application and patients. The most important skills for a senior account specialist are patients, healthcare, and account management.
| Cash Application Specialist | Senior Account Specialist | |
| Yearly salary | $37,558 | $68,185 |
| Hourly rate | $18.06 | $32.78 |
| Growth rate | -5% | -8% |
| Number of jobs | 63,925 | 103,476 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 65% |
| Average age | 51 | 46 |
| Years of experience | 6 | 12 |
Cash Application Specialists handle a variety of tasks related to company finances. They manage the organization of the company's financial records and oversee the overall cash inflow. They may also be assigned to handle payment collection, preparation of invoices, and receipts' issuance. They manage their relationship with their counterparts in client organizations to ensure a harmonious work relationship. This will help them follow up payments, communicate better, and resolve any concerns. Cash application specialists are also in charge of updating client records and ensuring that clients' payments are accurate. They also process refunds and facilitate other financial transactions.
A senior account specialist is in charge of overseeing client accounts and financial transactions in businesses, ensuring accuracy and efficiency. It is their responsibility to gather and analyze extensive data, manage staff, and liaise with external parties such as vendors and suppliers. They also process invoices, vouchers, checks, job orders, and other documents. Moreover, as a senior account specialist, it is essential to lead and serve as a mentor to junior account specialists, all while implementing the company's policies and regulations.
Cash application specialists and senior account specialists have different pay scales, as shown below.
| Cash Application Specialist | Senior Account Specialist | |
| Average salary | $37,558 | $68,185 |
| Salary range | Between $29,000 And $48,000 | Between $46,000 And $100,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Delaware | Connecticut |
| Best paying company | Datamatics | AbbVie |
| Best paying industry | Transportation | Pharmaceutical |
There are a few differences between a cash application specialist and a senior account specialist in terms of educational background:
| Cash Application Specialist | Senior Account Specialist | |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 65% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between cash application specialists' and senior account specialists' demographics:
| Cash Application Specialist | Senior Account Specialist | |
| Average age | 51 | 46 |
| Gender ratio | Male, 19.3% Female, 80.7% | Male, 37.4% Female, 62.6% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6% | Black or African American, 14.0% Unknown, 4.0% Hispanic or Latino, 17.5% Asian, 3.6% White, 60.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 8% |