What Does a Cash Application Specialist Do?

In this section, we take a look at the annual salaries of other professions. Take payment processor for example. On average, the payment processors annual salary is $3,528 lower than what cash application specialists make on average every year.

Even though cash application specialists and payment processors have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require customer service, cash application, and patients in the day-to-day roles.

These skill sets are where the common ground ends though. A cash application specialist responsibility is more likely to require skills like "reconciliations," "cash receipts," "cash handling," and "medicare." Whereas a payment processor requires skills like "phone calls," "lockbox," "securities," and "powerpoint." Just by understanding these different skills you can see how different these careers are.

Payment processors really shine in the insurance industry with an average salary of $38,534. Whereas cash application specialists tend to make the most money in the transportation industry with an average salary of $39,650.

Payment processors tend to reach similar levels of education than cash application specialists. In fact, payment processors are 0.3% less likely to graduate with a Master's Degree and 0.0% less likely to have a Doctoral Degree.

Next up, we have the finance clerk profession to look over. This career brings along a higher average salary when compared to a cash application specialist annual salary. In fact, finance clerks salary difference is $1,667 higher than the salary of cash application specialists per year.

Not everything about these jobs is different. Take their skills, for example. Cash application specialists and finance clerks both include similar skills like "data entry," "customer accounts," and "bank deposits" on their resumes.

While some skills are similar in these professions, other skills aren't so similar. For example, several resumes showed us that cash application specialist responsibilities requires skills like "customer service," "cash application," "patients," and "ach." But a finance clerk might use skills, such as, "purchase orders," "hr," "credit card," and "telephone calls."

Finance clerks may earn a higher salary than cash application specialists, but finance clerks earn the most pay in the government industry with an average salary of $40,090. On the other side of things, cash application specialists receive higher paychecks in the transportation industry where they earn an average of $39,650.

In general, finance clerks study at similar levels of education than cash application specialists. They're 0.8% more likely to obtain a Master's Degree while being 0.0% more likely to earn a Doctoral Degree.

The third profession we take a look at is accounting representative. On an average scale, these workers bring in higher salaries than cash application specialists. In fact, they make a $6,318 higher salary per year.

While looking through the resumes of several cash application specialists and accounting representatives we discovered that both professions have similar skills. These similarities include skills such as "customer service," "cash application," and "patients," but they differ when it comes to other required skills.

Some important key differences between the two careers are a few of the skills necessary to fulfill responsibilities. Some examples from cash application specialist resumes include skills like "cash receipts," "cash handling," "patient payments," and "medicare," whereas an accounting representative might be skilled in "payroll," "computer system," "insurance claims," and "insurance verification. "

Accounting representatives make a very good living in the automotive industry with an average annual salary of $47,306. Whereas cash application specialists are paid the highest salary in the transportation industry with the average being $39,650.

Accounting representatives are known to earn similar educational levels when compared to cash application specialists. Additionally, they're 1.6% more likely to graduate with a Master's Degree, and 0.1% more likely to earn a Doctoral Degree.

Now, we'll look at billing and insurance coordinators, who generally average a higher pay when compared to cash application specialists annual salary. In fact, the difference is about $3,583 per year.

While their salaries may vary, cash application specialists and billing and insurance coordinators both use similar skills to perform their jobs. Resumes from both professions include skills like "customer service," "cash application," and "patients. "

Even though a few skill sets overlap, there are some differences that are important to note. For one, a cash application specialist might have more use for skills like "ach," "credit card payments," "reconciliations," and "cash handling." Meanwhile, some billing and insurance coordinators might include skills like "work ethic," "strong work ethic," "billing issues," and "medical billing" on their resume.

Billing and insurance coordinators earn a higher salary in the professional industry with an average of $58,069. Whereas, cash application specialists earn the highest salary in the transportation industry.

Billing and insurance coordinators reach similar levels of education when compared to cash application specialists. The difference is that they're 0.4% more likely to earn a Master's Degree more, and 0.2% more likely to graduate with a Doctoral Degree.