Collateral clerk vs accountable clerk

The differences between collateral clerks and accountable clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a collateral clerk and an accountable clerk. Additionally, an accountable clerk has an average salary of $38,120, which is higher than the $34,476 average annual salary of a collateral clerk.

The top three skills for a collateral clerk include customer service, data entry and customer accounts. The most important skills for an accountable clerk are data entry, financial reports, and purchase orders.

Collateral clerk vs accountable clerk overview

	Collateral Clerk	Accountable Clerk
Yearly salary	$34,476	$38,120
Hourly rate	$16.57	$18.33
Growth rate	-5%	-5%
Number of jobs	66,388	81,209
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 41%
Average age	51	51
Years of experience	6	6

Collateral clerk vs accountable clerk salary

Collateral clerks and accountable clerks have different pay scales, as shown below.

	Collateral Clerk	Accountable Clerk
Average salary	$34,476	$38,120
Salary range	Between $24,000 And $48,000	Between $29,000 And $49,000
Highest paying City	-	New Haven, CT
Highest paying state	-	Massachusetts
Best paying company	-	Wayne County, Michigan
Best paying industry	-	Government

Differences between collateral clerk and accountable clerk education

There are a few differences between a collateral clerk and an accountable clerk in terms of educational background:

	Collateral Clerk	Accountable Clerk
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Collateral clerk vs accountable clerk demographics

Here are the differences between collateral clerks' and accountable clerks' demographics:

	Collateral Clerk	Accountable Clerk
Average age	51	51
Gender ratio	Male, 21.2% Female, 78.8%	Male, 19.1% Female, 80.9%
Race ratio	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.3% Asian, 6.5% White, 67.9% American Indian and Alaska Native, 0.6%	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between collateral clerk and accountable clerk duties and responsibilities

Collateral clerk example responsibilities.

Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Compile and organize client data for taxation and litigation purposes; reconcile bank statements.

Accountable clerk example responsibilities.

Manage the accurate and timely processing of AP invoices for multiple companies.
Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Scan incoming A/P, A/R, bank statements, mail, etc.
Review AR aging to ensure compliance.
Process, distribute, and maintain AR invoices.
Review and handle in-clearing reject items (ACH and checks) and process check adjustments.

Collateral clerk vs accountable clerk skills

Common collateral clerk skills

Customer Service, 29%
Data Entry, 24%
Customer Accounts, 22%
UCC, 14%
Loan Payments, 12%

Common accountable clerk skills

Data Entry, 11%
Financial Reports, 10%
Purchase Orders, 8%
Customer Service, 8%
Process Payroll, 8%
Office Equipment, 4%