Deposit clerk vs insurance clerk

The differences between deposit clerks and insurance clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a deposit clerk, becoming an insurance clerk takes usually requires 2-4 years. Additionally, an insurance clerk has an average salary of $33,089, which is higher than the $31,146 average annual salary of a deposit clerk.

The top three skills for a deposit clerk include administrative tasks, tax returns and check amounts. The most important skills for an insurance clerk are patients, insurance verification, and data entry.

Deposit clerk vs insurance clerk overview

	Deposit Clerk	Insurance Clerk
Yearly salary	$31,146	$33,089
Hourly rate	$14.97	$15.91
Growth rate	-5%	-3%
Number of jobs	66,434	147,755
Job satisfaction	-	2
Most common degree	High School Diploma, 32%	High School Diploma, 29%
Average age	51	44
Years of experience	6	4

Deposit clerk vs insurance clerk salary

Deposit clerks and insurance clerks have different pay scales, as shown below.

	Deposit Clerk	Insurance Clerk
Average salary	$31,146	$33,089
Salary range	Between $25,000 And $37,000	Between $27,000 And $39,000
Highest paying City	-	Henderson, NV
Highest paying state	-	New Hampshire
Best paying company	-	Lenoir Memorial Hospital
Best paying industry	-	Finance

Differences between deposit clerk and insurance clerk education

There are a few differences between a deposit clerk and an insurance clerk in terms of educational background:

	Deposit Clerk	Insurance Clerk
Most common degree	High School Diploma, 32%	High School Diploma, 29%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Deposit clerk vs insurance clerk demographics

Here are the differences between deposit clerks' and insurance clerks' demographics:

	Deposit Clerk	Insurance Clerk
Average age	51	44
Gender ratio	Male, 18.6% Female, 81.4%	Male, 8.3% Female, 91.7%
Race ratio	Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.6% Asian, 6.6% White, 67.3% American Indian and Alaska Native, 0.6%	Black or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage	7%	11%

Differences between deposit clerk and insurance clerk duties and responsibilities

Deposit clerk example responsibilities.

Manage finance operations of assign USPS location.
Comply with IRS rules and guidelines.
Post ATM transactions, debit and credit accounts accordingly.
Balance branch ATM's with frequent telephone interaction with the bank personnel in the same manner as the retail machines.
Researched/Post payments not process by Lockbox and prepare nightly deposits.
Maintain payroll operations by following policies and procedures; reporting need changes and requesting approvals before payrolls are released.

Insurance clerk example responsibilities.

Manage front office check-in, insurance verification and certifications from doctors.
Establish and implement procedures for completion of patient super bills with proper diagnostic coding utilizing ICD-9 and CPT code manuals.
Maintain patient medical records insuring diagnosis codes (ICD-9) are itemized correctly and name and address of insurance carriers record.
Schedule and obtain authorization for outpatient procedures for patients via private insurance, worker's compensation, and Medicare/ Medicaid.
Complete several ICD-10 training courses.
Perform medical coding with most accurate and descriptive HCPCS code.

Deposit clerk vs insurance clerk skills

Common deposit clerk skills

Administrative Tasks, 20%
Tax Returns, 16%
Check Amounts, 13%
IRS, 12%
Treasury, 8%
Credit Card Payments, 6%

Common insurance clerk skills

Patients, 25%
Insurance Verification, 7%
Data Entry, 7%
Customer Service, 6%
Insurance Coverage, 5%
Computer System, 3%