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Principal account clerk vs finance coordinator

The differences between principal account 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 principal account clerk and a finance coordinator. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $32,077 average annual salary of a principal account clerk.

The top three skills for a principal account clerk include payroll processing, purchase orders and data entry. The most important skills for a finance coordinator are patients, customer service, and payroll.

Principal account clerk vs finance coordinator overview

Principal Account ClerkFinance Coordinator
Yearly salary$32,077$49,358
Hourly rate$15.42$23.73
Growth rate-5%-5%
Number of jobs157,387106,187
Job satisfaction-5
Most common degreeAssociate Degree, 40%Bachelor's Degree, 58%
Average age5151
Years of experience66

Principal account clerk vs finance coordinator salary

Principal account clerks and finance coordinators have different pay scales, as shown below.

Principal Account ClerkFinance Coordinator
Average salary$32,077$49,358
Salary rangeBetween $26,000 And $39,000Between $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 principal account clerk and finance coordinator education

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

Principal Account ClerkFinance Coordinator
Most common degreeAssociate Degree, 40%Bachelor's Degree, 58%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Principal account clerk vs finance coordinator demographics

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

Principal Account ClerkFinance Coordinator
Average age5151
Gender ratioMale, 18.3% Female, 81.7%Male, 22.1% Female, 77.9%
Race ratioBlack or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.7% White, 67.1% 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 principal account clerk and finance coordinator duties and responsibilities

Principal account clerk example responsibilities.

  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Prepare garnishments for processing into PeopleSoft as well as notifying employees and the different garnishing services.
  • Close patient contact, appropriate decision-making concerning patient financial affairs and coordination between patients and third-party sponsorship for further financial assistance.
  • Process and file claims against courier or ATM owners for shortages unresolve.
  • Respond to inquiries from internal organization and external customers regarding package processing, delivery information and services offer by USPS stores.

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

Principal account clerk vs finance coordinator skills

Common principal account clerk skills
  • Payroll Processing, 23%
  • Purchase Orders, 16%
  • Data Entry, 13%
  • Journal Entries, 10%
  • Vendor Checks, 9%
  • Reconciliations, 8%
Common finance coordinator skills
  • Patients, 21%
  • Customer Service, 11%
  • Payroll, 5%
  • Reconciliations, 4%
  • Data Entry, 3%
  • Insurance Benefits, 3%

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