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The differences between cash application specialists and 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 specialist takes usually requires 1-2 years. Additionally, a specialist has an average salary of $58,013, 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 specialist are patients, customer service, and work ethic.
| Cash Application Specialist | Specialist | |
| Yearly salary | $37,558 | $58,013 |
| Hourly rate | $18.06 | $27.89 |
| Growth rate | -5% | 10% |
| Number of jobs | 63,925 | 358,433 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 49% |
| Average age | 51 | 42 |
| Years of experience | 6 | 2 |
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.
Specialists are employees who are responsible for specific tasks or activities in the department they are assigned to. The actions or tasks they work on are related to their educational background or work experiences. They are usually highly skilled in specializations related to the work they are assigned to. Specialists are also highly trained on the competencies that are required of their specialty. As such, they are focused on the skills and competencies that are needed to enhance their experience in their specific field further.
Cash application specialists and specialists have different pay scales, as shown below.
| Cash Application Specialist | Specialist | |
| Average salary | $37,558 | $58,013 |
| Salary range | Between $29,000 And $48,000 | Between $32,000 And $104,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | Delaware | New Jersey |
| Best paying company | Datamatics | The Citadel |
| Best paying industry | Transportation | - |
There are a few differences between a cash application specialist and a specialist in terms of educational background:
| Cash Application Specialist | Specialist | |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 49% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between cash application specialists' and specialists' demographics:
| Cash Application Specialist | Specialist | |
| Average age | 51 | 42 |
| Gender ratio | Male, 19.3% Female, 80.7% | Male, 47.5% Female, 52.5% |
| 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, 11.4% Unknown, 5.4% Hispanic or Latino, 16.4% Asian, 10.5% White, 55.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 7% | 11% |