Finance administrator vs finance clerk

The differences between finance administrators and finance clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance administrator, becoming a finance clerk takes usually requires 4-6 years. Additionally, a finance administrator has an average salary of $55,541, which is higher than the $39,225 average annual salary of a finance clerk.

The top three skills for a finance administrator include customer service, financial aid and powerpoint. The most important skills for a finance clerk are data entry, purchase orders, and HR.

Finance administrator vs finance clerk overview

	Finance Administrator	Finance Clerk
Yearly salary	$55,541	$39,225
Hourly rate	$26.70	$18.86
Growth rate	17%	-5%
Number of jobs	130,256	143,372
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 44%
Average age	46	51
Years of experience	8	6

What does a finance administrator do?

A finance administrator is responsible for supporting the financial operations of an organization, handling the accuracy of financial transactions, and resolving discrepancies in the company's financial statements. Finance administrators analyze the company's financial performance, including its losses and revenues, writing financial reports, and providing recommendations for cost-reduction processes to minimize financial risks. They also handle the allocation of departmental budgets, assist in tax audits, and process invoices and payroll release. A finance administrator must have excellent analytical skills and an extensive knowledge of the financial industry.

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.

Finance administrator vs finance clerk salary

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

	Finance Administrator	Finance Clerk
Average salary	$55,541	$39,225
Salary range	Between $38,000 And $80,000	Between $27,000 And $56,000
Highest paying City	Dover, DE	New York, NY
Highest paying state	Delaware	New York
Best paying company	State Street	United States Courts
Best paying industry	Manufacturing	Government

Differences between finance administrator and finance clerk education

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

	Finance Administrator	Finance Clerk
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Finance administrator vs finance clerk demographics

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

	Finance Administrator	Finance Clerk
Average age	46	51
Gender ratio	Male, 29.3% Female, 70.7%	Male, 26.2% Female, 73.8%
Race ratio	Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.2% White, 63.9% American Indian and Alaska Native, 0.3%	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	11%	7%

Differences between finance administrator and finance clerk duties and responsibilities

Finance administrator example responsibilities.

Manage the design and implementation of appropriate controls as per Sarbanes-Oxley (SOX) and internal corporate procedures.
Manage key logistics and secure necessary resources within budget constraints.
Monitor all transactions in assign inventory finance portfolio to manage invoice funding approval decision.
Do A/P, A/R and G/L.
Prepare daily, weekly and monthly reports including fund loans, commissions, titles, A/P & A/R.
Assist families with Medicaid applications.

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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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Finance administrator vs finance clerk skills

Common finance administrator skills

Customer Service, 17%
Financial Aid, 12%
PowerPoint, 7%
Rehabilitation, 7%
Balance Sheet, 4%
Human Resources, 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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