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Electronic component processor vs processor

The differences between electronic component processors and processors can be seen in a few details. Each job has different responsibilities and duties. Additionally, an electronic component processor has an average salary of $50,081, which is higher than the $32,098 average annual salary of a processor.

The top three skills for an electronic component processor include electronic devices, data entry and ACH. The most important skills for a processor are data entry, customer service, and patients.

Electronic component processor vs processor overview

Electronic Component ProcessorProcessor
Yearly salary$50,081$32,098
Hourly rate$24.08$15.43
Growth rate-5%-3%
Number of jobs9,30411,448
Job satisfaction--
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 35%
Average age4350
Years of experience-12

Electronic component processor vs processor salary

Electronic component processors and processors have different pay scales, as shown below.

Electronic Component ProcessorProcessor
Average salary$50,081$32,098
Salary rangeBetween $35,000 And $70,000Between $24,000 And $41,000
Highest paying City-Randolph, MA
Highest paying state-California
Best paying company-Argonne National Laboratory
Best paying industry-Finance

Differences between electronic component processor and processor education

There are a few differences between an electronic component processor and a processor in terms of educational background:

Electronic Component ProcessorProcessor
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 35%
Most common majorBusinessBusiness
Most common college--

Electronic component processor vs processor demographics

Here are the differences between electronic component processors' and processors' demographics:

Electronic Component ProcessorProcessor
Average age4350
Gender ratioMale, 55.6% Female, 44.4%Male, 34.0% Female, 66.0%
Race ratioBlack or African American, 12.3% Unknown, 4.2% Hispanic or Latino, 20.0% Asian, 8.0% White, 54.6% American Indian and Alaska Native, 0.9%Black or African American, 6.7% Unknown, 4.5% Hispanic or Latino, 10.7% Asian, 4.7% White, 72.3% American Indian and Alaska Native, 1.1%
LGBT Percentage5%7%

Differences between electronic component processor and processor duties and responsibilities

Electronic component processor example responsibilities.

  • Coach fellow team members to help attain higher QA and assist with CANDE questions to ensure efficiency.
  • Process and maintain all share drafts, ACH, and periodic payment exceptions.
  • Process all electronic processes including ACH, drafts, bill pay and wires.
  • Work directly with mortgage lenders and foreclosure attorneys to negotiate timely and cost effective repayment plans or modifications for delinquent loans.
  • Process various types of medical and facility claims, billing insurance companies with the correct ICD-9 and diagnosis codes.
  • Facilitate ICD-9 and procedural coding for outpatient hospital and clinic patients.
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Processor example responsibilities.

  • Manage the project schedule and design the PowerPoint presentation.
  • Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
  • Coach fellow team members to help attain higher QA and assist with CANDE questions to ensure efficiency.
  • Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
  • Obtain title policies and process title claims to expedite REO closings and obtain clear title to properties in numerous states.
  • Mail clerk, stamp, open, count mail and match checks with EOB 's
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Electronic component processor vs processor skills

Common electronic component processor skills
  • Electronic Devices, 36%
  • Data Entry, 27%
  • ACH, 19%
  • Processing Lab, 7%
  • ATM, 6%
  • Quality Standards, 6%
Common processor skills
  • Data Entry, 19%
  • Customer Service, 18%
  • Patients, 11%
  • Standard Operating Procedure, 6%
  • Strong Customer Service, 5%
  • Bank Deposits, 5%

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