Collateral clerk vs accounts payable clerk

The differences between collateral clerks and accounts payable 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 accounts payable clerk. Additionally, an accounts payable clerk has an average salary of $38,333, 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 accounts payable clerk are customer service, data entry, and purchase orders.

Collateral clerk vs accounts payable clerk overview

	Collateral Clerk	Accounts Payable Clerk
Yearly salary	$34,476	$38,333
Hourly rate	$16.57	$18.43
Growth rate	-5%	-5%
Number of jobs	66,388	89,564
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 46%
Average age	51	51
Years of experience	6	6

Collateral clerk vs accounts payable clerk salary

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

	Collateral Clerk	Accounts Payable Clerk
Average salary	$34,476	$38,333
Salary range	Between $24,000 And $48,000	Between $30,000 And $48,000
Highest paying City	-	Washington, DC
Highest paying state	-	Massachusetts
Best paying company	-	Jane Street
Best paying industry	-	Technology

Differences between collateral clerk and accounts payable clerk education

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

	Collateral Clerk	Accounts Payable Clerk
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 46%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Collateral clerk vs accounts payable clerk demographics

Here are the differences between collateral clerks' and accounts payable clerks' demographics:

	Collateral Clerk	Accounts Payable Clerk
Average age	51	51
Gender ratio	Male, 21.2% Female, 78.8%	Male, 17.2% Female, 82.8%
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, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between collateral clerk and accounts payable 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.

Accounts payable clerk example responsibilities.

Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Match, code, and process vendor payments via MAS90 accounting system - including check runs and ACH payments.
Perform duties in compliance with GAAP, company and department policies and procedures, internal controls, and Sarbanes-Oxley requirements.
Process division payroll in coordination with ADP payroll systems for semi-monthly and weekly union contract employees.
Scan and store documents daily, retrieve W2 and W9 information along with service provider agreements when or if need.
Print, review, research, edit, code and batch invoices for processing via the various ERP financial systems.

Collateral clerk vs accounts payable clerk skills

Common collateral clerk skills

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

Common accounts payable clerk skills

Customer Service, 13%
Data Entry, 10%
Purchase Orders, 8%
Expense Reports, 6%
Vendor Invoices, 6%
Vendor Statements, 5%

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Collateral Clerk
Collateral Clerk vs Accounts Payable Clerk

Updated January 8, 2025

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