Collateral clerk vs finance coordinator

The differences between collateral clerks and finance coordinators 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 a finance coordinator. Additionally, a finance coordinator has an average salary of $49,358, 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 a finance coordinator are patients, customer service, and payroll.

Collateral clerk vs finance coordinator overview

	Collateral Clerk	Finance Coordinator
Yearly salary	$34,476	$49,358
Hourly rate	$16.57	$23.73
Growth rate	-5%	-5%
Number of jobs	66,388	106,187
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 58%
Average age	51	51
Years of experience	6	6

Collateral clerk vs finance coordinator salary

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

	Collateral Clerk	Finance Coordinator
Average salary	$34,476	$49,358
Salary range	Between $24,000 And $48,000	Between $34,000 And $71,000
Highest paying City	-	Washington, DC
Highest paying state	-	Maryland
Best paying company	-	McKinsey & Company Inc
Best paying industry	-	Professional

Differences between collateral clerk and finance coordinator education

There are a few differences between a collateral clerk and a finance coordinator in terms of educational background:

	Collateral Clerk	Finance Coordinator
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 58%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Collateral clerk vs finance coordinator demographics

Here are the differences between collateral clerks' and finance coordinators' demographics:

	Collateral Clerk	Finance Coordinator
Average age	51	51
Gender ratio	Male, 21.2% Female, 78.8%	Male, 22.1% Female, 77.9%
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, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between collateral clerk and finance coordinator 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.

Finance coordinator example responsibilities.

Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
Construct posts featuring highlights of past events on Facebook.
Enter EOB payments and denials and perform follow up with insurance company on denials.
Create promotional flyers for annual concerts and fundraisers which are posted through via Facebook and local areas.
Review and process EOB's daily, entering comments into the bill comment log as to status of follow up.
Produce basic PowerPoint presentation materials, including graphical renderings for illustration.

Collateral clerk vs finance coordinator skills

Common collateral clerk skills

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

Common finance coordinator skills

Patients, 21%
Customer Service, 11%
Payroll, 5%
Reconciliations, 4%
Data Entry, 3%
Insurance Benefits, 3%