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Finance processing clerk vs finance coordinator

The differences between finance processing 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 finance processing clerk and a finance coordinator. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $36,290 average annual salary of a finance processing clerk.

The top three skills for a finance processing clerk include data entry, financial transactions and outbound calls. The most important skills for a finance coordinator are patients, customer service, and payroll.

Finance processing clerk vs finance coordinator overview

Finance Processing ClerkFinance Coordinator
Yearly salary$36,290$49,358
Hourly rate$17.45$23.73
Growth rate-5%-5%
Number of jobs140,293106,187
Job satisfaction-5
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 58%
Average age5151
Years of experience66

Finance processing clerk vs finance coordinator salary

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

Finance Processing ClerkFinance Coordinator
Average salary$36,290$49,358
Salary rangeBetween $28,000 And $46,000Between $34,000 And $71,000
Highest paying CityCarlsbad, CAWashington, DC
Highest paying stateCaliforniaMaryland
Best paying companyPlante & Moran PLLC.McKinsey & Company Inc
Best paying industryGovernmentProfessional

Differences between finance processing clerk and finance coordinator education

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

Finance Processing ClerkFinance Coordinator
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance processing clerk vs finance coordinator demographics

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

Finance Processing ClerkFinance Coordinator
Average age5151
Gender ratioMale, 31.8% Female, 68.2%Male, 22.1% Female, 77.9%
Race ratioBlack or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.8% 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 finance processing clerk and finance coordinator duties and responsibilities

Finance processing clerk example responsibilities.

  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Create various disbursements such as checks, wires and ACH's.
  • Execute origination process, reports and research information for certification.
  • Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
  • 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

Finance processing clerk vs finance coordinator skills

Common finance processing clerk skills
  • Data Entry, 17%
  • Financial Transactions, 15%
  • Outbound Calls, 6%
  • Student Loans, 6%
  • Title IV, 6%
  • External Regulations, 6%
Common finance coordinator skills
  • Patients, 21%
  • Customer Service, 11%
  • Payroll, 5%
  • Reconciliations, 4%
  • Data Entry, 3%
  • Insurance Benefits, 3%

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