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Disbursement clerk vs finance coordinator

The differences between disbursement 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 disbursement clerk and a finance coordinator. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $34,661 average annual salary of a disbursement clerk.

The top three skills for a disbursement clerk include quality customer service, financial reports and government funds. The most important skills for a finance coordinator are patients, customer service, and payroll.

Disbursement clerk vs finance coordinator overview

Disbursement ClerkFinance Coordinator
Yearly salary$34,661$49,358
Hourly rate$16.66$23.73
Growth rate-5%-5%
Number of jobs66,387106,187
Job satisfaction-5
Most common degreeBachelor's Degree, 46%Bachelor's Degree, 58%
Average age5151
Years of experience66

Disbursement clerk vs finance coordinator salary

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

Disbursement ClerkFinance Coordinator
Average salary$34,661$49,358
Salary rangeBetween $27,000 And $43,000Between $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 disbursement clerk and finance coordinator education

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

Disbursement ClerkFinance Coordinator
Most common degreeBachelor's Degree, 46%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Disbursement clerk vs finance coordinator demographics

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

Disbursement ClerkFinance Coordinator
Average age5151
Gender ratioMale, 50.1% Female, 49.9%Male, 22.1% Female, 77.9%
Race ratioBlack or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% 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 Percentage7%7%

Differences between disbursement clerk and finance coordinator duties and responsibilities

Disbursement clerk example responsibilities.

  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Establish and verify ATM accounts, prepare payroll checks, and process dependency applications and leave documents.
  • Utilize and maintain publications and directives pertaining to personnel administration and operate associated computer equipment including shipboard ATM.
  • Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
  • Work directly with IRS to settle service members' tax levies.
  • Execute general administrative and bookkeeping duties, vehicle billing, and maintain computerized bookkeeping system ADP.

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.
  • Show more

Disbursement clerk vs finance coordinator skills

Common disbursement clerk skills
  • Quality Customer Service, 28%
  • Financial Reports, 12%
  • Government Funds, 7%
  • Expense Reports, 6%
  • ATM, 6%
  • Pay Accounts, 6%
Common finance coordinator skills
  • Patients, 21%
  • Customer Service, 11%
  • Payroll, 5%
  • Reconciliations, 4%
  • Data Entry, 3%
  • Insurance Benefits, 3%

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