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The differences between finance coordinators 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 finance coordinator and a finance clerk. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $39,225 average annual salary of a finance clerk.
The top three skills for a finance coordinator include patients, customer service and payroll. The most important skills for a finance clerk are data entry, purchase orders, and HR.
| Finance Coordinator | Finance Clerk | |
| Yearly salary | $49,358 | $39,225 |
| Hourly rate | $23.73 | $18.86 |
| Growth rate | -5% | -5% |
| Number of jobs | 106,187 | 143,372 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 44% |
| Average age | 51 | 51 |
| Years of experience | 6 | 6 |
Finance coordinators are skilled professionals who are employed by all types of industries to manage their financial records accurately. Under the supervision of financial managers, they correlate the company's accounts receivables and payables. They should be able to keep records together with documentation effectively to ensure precision and punctuality of deliverables. Their responsibilities include ensuring accurate billing of customers, managing billing issues and disputes, and making required adjustments to clients' accounts. Candidates for the job must be organized, detail-oriented, able to multi-task as well as cautiously handle sensitive information.
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 coordinators and finance clerks have different pay scales, as shown below.
| Finance Coordinator | Finance Clerk | |
| Average salary | $49,358 | $39,225 |
| Salary range | Between $34,000 And $71,000 | Between $27,000 And $56,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | Maryland | New York |
| Best paying company | McKinsey & Company Inc | United States Courts |
| Best paying industry | Professional | Government |
There are a few differences between a finance coordinator and a finance clerk in terms of educational background:
| Finance Coordinator | Finance Clerk | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 44% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance coordinators' and finance clerks' demographics:
| Finance Coordinator | Finance Clerk | |
| Average age | 51 | 51 |
| Gender ratio | Male, 22.1% Female, 77.9% | Male, 26.2% Female, 73.8% |
| Race ratio | 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% | 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% |