Credit clerk vs finance clerk

The differences between credit clerks and finance 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 credit clerk and a finance clerk. Additionally, a finance clerk has an average salary of $39,225, which is higher than the $32,870 average annual salary of a credit clerk.

The top three skills for a credit clerk include data entry, customer service and customer accounts. The most important skills for a finance clerk are data entry, purchase orders, and HR.

Credit clerk vs finance clerk overview

	Credit Clerk	Finance Clerk
Yearly salary	$32,870	$39,225
Hourly rate	$15.80	$18.86
Growth rate	-5%	-5%
Number of jobs	86,922	143,372
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 36%	Bachelor's Degree, 44%
Average age	51	51
Years of experience	6	6

What does a credit clerk do?

Credit clerks control their company's credit and collection policies and daily procedures. They use the database to improve their organization's collections and maintain records for internal control and compliance. They deal with collecting, investigating, analyzing, and correcting disputed accounts to serve customers better and increase their collection rate. These clerks work with a credit manager to identify which accounts need to be written off for bad debt and solve complex cases that require special collection attention. They sometimes negotiate with customers to discuss the terms of payment for their unpaid balances.

What does a finance clerk do?

Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed. They must verify financial and other data so that they can enter those data into the database and maintain updated records. Finance clerks must also assist with account reconciliations and should report the status of accounts and discrepancies to the management.

Credit clerk vs finance clerk salary

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

	Credit Clerk	Finance Clerk
Average salary	$32,870	$39,225
Salary range	Between $26,000 And $40,000	Between $27,000 And $56,000
Highest paying City	Springfield, OR	New York, NY
Highest paying state	Oregon	New York
Best paying company	JBS USA	United States Courts
Best paying industry	Automotive	Government

Differences between credit clerk and finance clerk education

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

	Credit Clerk	Finance Clerk
Most common degree	Bachelor's Degree, 36%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Credit clerk vs finance clerk demographics

Here are the differences between credit clerks' and finance clerks' demographics:

	Credit Clerk	Finance Clerk
Average age	51	51
Gender ratio	Male, 14.3% Female, 85.7%	Male, 26.2% Female, 73.8%
Race ratio	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.1% 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 credit clerk and finance clerk duties and responsibilities

Credit clerk example responsibilities.

Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Maintain payroll, attendance records, coordinate group travel arrangements and conference calls.
Prepare, check, and maintain various records and payroll reports.
Transfer loans from warehouse to permanent investor reports on the CPI systems.
Process applications for credit, Microsoft excel, AS400 , 10key by touch, type 45 wpm.
Travele to the post office to drop off approve incidents and pick up remittance items from the assigned lockboxes.

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Finance clerk example responsibilities.

Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Collaborate with insurance company representatives, case managers and physicians to obtain treatment authorization for potential kidney and kidney/pancreas transplant patients.
Write checks in the QuickBooks software to vendors and to reimburse employees.
Establish customer files in QuickBooks, write and test work instructions for clients, log and close complete files.
Produce PowerPoint presentations in order to brief the command team of the on goings within the company.
Used an automate information system (PeopleSoft) to edit, modify, and verify customers personal and payment information.

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Credit clerk vs finance clerk skills

Common credit clerk skills

Data Entry, 13%
Customer Service, 12%
Customer Accounts, 6%
Credit Card Payments, 5%
Financial Statements, 5%
AS400, 4%

Common finance clerk skills

Data Entry, 16%
Purchase Orders, 9%
HR, 5%
Bank Statements, 5%
Bank Deposits, 5%
Credit Card, 4%

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Updated January 8, 2025

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