Collateral clerk vs accounting assistant

The differences between collateral clerks and accounting assistants 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 accounting assistant. Additionally, an accounting assistant has an average salary of $39,569, 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 accounting assistant are data entry, customer service, and reconciliations.

Collateral clerk vs accounting assistant overview

	Collateral Clerk	Accounting Assistant
Yearly salary	$34,476	$39,569
Hourly rate	$16.57	$19.02
Growth rate	-5%	-5%
Number of jobs	66,388	63,945
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 55%
Average age	51	51
Years of experience	6	6

Collateral clerk vs accounting assistant salary

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

	Collateral Clerk	Accounting Assistant
Average salary	$34,476	$39,569
Salary range	Between $24,000 And $48,000	Between $30,000 And $50,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Los Alamos National Laboratory
Best paying industry	-	Finance

Differences between collateral clerk and accounting assistant education

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

	Collateral Clerk	Accounting Assistant
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 55%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Collateral clerk vs accounting assistant demographics

Here are the differences between collateral clerks' and accounting assistants' demographics:

	Collateral Clerk	Accounting Assistant
Average age	51	51
Gender ratio	Male, 21.2% Female, 78.8%	Male, 20.1% Female, 79.9%
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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between collateral clerk and accounting assistant 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.

Accounting assistant example responsibilities.

Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Participate in weekly, monthly, quarterly, and yearly audits to ensure SOX compliance and propose opportunities for improvement.
Meet with account teams to discuss job structure, new projects, client requests, billing procedures, and SOX requirements.
Reconcile departmental report cash against banking ACH transactions.
Process mortgage portfolio monthly payments and interest accruals.
Utilize online system for calculating payroll and family tuition payments.

Collateral clerk vs accounting assistant skills

Common collateral clerk skills

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

Common accounting assistant skills

Data Entry, 13%
Customer Service, 11%
Reconciliations, 8%
Purchase Orders, 7%
Credit Card Payments, 6%
General Ledger Accounts, 5%

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Collateral Clerk
Collateral Clerk vs Accounting Assistant

Updated January 8, 2025

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