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Mortgage accounting clerk vs finance coordinator

The differences between mortgage accounting 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 mortgage accounting clerk and a finance coordinator. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $34,994 average annual salary of a mortgage accounting clerk.

The top three skills for a mortgage accounting clerk include data entry, mortgage loans and . The most important skills for a finance coordinator are patients, customer service, and payroll.

Mortgage accounting clerk vs finance coordinator overview

Mortgage Accounting ClerkFinance Coordinator
Yearly salary$34,994$49,358
Hourly rate$16.82$23.73
Growth rate-5%-5%
Number of jobs84,098106,187
Job satisfaction-5
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 58%
Average age5151
Years of experience66

Mortgage accounting clerk vs finance coordinator salary

Mortgage accounting clerks and finance coordinators have different pay scales, as shown below.

Mortgage Accounting ClerkFinance Coordinator
Average salary$34,994$49,358
Salary rangeBetween $26,000 And $45,000Between $34,000 And $71,000
Highest paying City-Washington, DC
Highest paying state-Maryland
Best paying company-McKinsey & Company Inc
Best paying industry-Professional

Differences between mortgage accounting clerk and finance coordinator education

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

Mortgage Accounting ClerkFinance Coordinator
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 58%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Mortgage accounting clerk vs finance coordinator demographics

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

Mortgage Accounting ClerkFinance Coordinator
Average age5151
Gender ratioMale, 26.3% Female, 73.7%Male, 22.1% Female, 77.9%
Race ratioBlack or African American, 4.9% Unknown, 3.9% Hispanic or Latino, 10.7% Asian, 5.4% White, 74.6% 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 mortgage accounting clerk and finance coordinator duties and responsibilities

Mortgage accounting clerk example responsibilities.

  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Research outages from unclear payment.
  • Issue new EIN number and evaluations to venders and IRS.
  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Prepare costing for new proucts a.BOM b.
  • Record daily cash transactions and perform bank reconciliation to assure that corporate funds/assets are maintain and assets are protect.

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

Mortgage accounting clerk vs finance coordinator skills

Common mortgage accounting clerk skills
  • Data Entry, 54%
  • Mortgage Loans, 46%
Common finance coordinator skills
  • Patients, 21%
  • Customer Service, 11%
  • Payroll, 5%
  • Reconciliations, 4%
  • Data Entry, 3%
  • Insurance Benefits, 3%

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