Loan clerk vs operations clerk

The differences between loan clerks and operations clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a loan clerk, becoming an operations clerk takes usually requires 1-2 years. Additionally, an operations clerk has an average salary of $33,746, which is higher than the $26,552 average annual salary of a loan clerk.

The top three skills for a loan clerk include customer service, loan payments and financial data. The most important skills for an operations clerk are customer service, data entry functions, and computer system.

Loan clerk vs operations clerk overview

	Loan Clerk	Operations Clerk
Yearly salary	$26,552	$33,746
Hourly rate	$12.77	$16.22
Growth rate	-3%	-5%
Number of jobs	75,101	158,449
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 38%
Average age	42	47
Years of experience	4	2

Loan clerk vs operations clerk salary

Loan clerks and operations clerks have different pay scales, as shown below.

	Loan Clerk	Operations Clerk
Average salary	$26,552	$33,746
Salary range	Between $19,000 And $35,000	Between $27,000 And $41,000
Highest paying City	Newark, NJ	Boston, MA
Highest paying state	California	Massachusetts
Best paying company	UFCU	Ncar - The National Center For Atmospheric Research
Best paying industry	Finance	Manufacturing

Differences between loan clerk and operations clerk education

There are a few differences between a loan clerk and an operations clerk in terms of educational background:

	Loan Clerk	Operations Clerk
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 38%
Most common major	Business	Business
Most common college	University of Pennsylvania	Western Carolina University

Loan clerk vs operations clerk demographics

Here are the differences between loan clerks' and operations clerks' demographics:

	Loan Clerk	Operations Clerk
Average age	42	47
Gender ratio	Male, 16.9% Female, 83.1%	Male, 31.7% Female, 68.3%
Race ratio	Black or African American, 12.9% Unknown, 4.7% Hispanic or Latino, 14.6% Asian, 7.0% White, 60.3% American Indian and Alaska Native, 0.5%	Black or African American, 10.3% Unknown, 4.7% Hispanic or Latino, 19.5% Asian, 9.2% White, 55.2% American Indian and Alaska Native, 1.1%
LGBT Percentage	7%	6%

Differences between loan clerk and operations clerk duties and responsibilities

Loan clerk example responsibilities.

Manage A/R transactions, prepare weekly account reconciliation's, perform research/ adjustments on A/P and A/R discrepancy accounts.
Monitor UCC filings and updates.
Prepare SBA loans using WordPrefect.
Record UCC filings on-line and by mail.
Review loan files, facilitate and verify loss mitigation application request, determine eligibility for clients requesting foreclosure financial assistance.
Work with HUD the VA and FHA to make sure all requirements are completed.

Operations clerk example responsibilities.

Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
Input global notes in CRT.
Retrieve documents to be send to the IRS.
Encode checks with 10 key hardware TRP or NCR machines.
Register patients in the HMS system.
Research case law using Internet and Westlaw software.

Loan clerk vs operations clerk skills

Common loan clerk skills

Customer Service, 22%
Loan Payments, 12%
Financial Data, 10%
Mortgage Loans, 5%
Credit Reports, 4%
General Ledger Accounts, 3%

Common operations clerk skills

Customer Service, 25%
Data Entry Functions, 8%
Computer System, 7%
Payroll, 6%
Office Equipment, 4%
Provide Clerical Support, 4%