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Process assistant vs finance assistant

The differences between process assistants and finance assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a process assistant and a finance assistant. Additionally, a finance assistant has an average salary of $37,926, which is higher than the $33,657 average annual salary of a process assistant.

The top three skills for a process assistant include customer service, data entry and computer system. The most important skills for a finance assistant are customer service, data entry, and payroll.

Process assistant vs finance assistant overview

Process AssistantFinance Assistant
Yearly salary$33,657$37,926
Hourly rate$16.18$18.23
Growth rate-8%-8%
Number of jobs57,058118,749
Job satisfaction--
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 59%
Average age5050
Years of experience22

What does a process assistant do?

Process assistants have varied duties and responsibilities within an organization. These include performing administrative and clerical tasks for business teams, capturing and monitoring development plans, and coordinating meetings and capturing meeting minutes. Additionally, they are responsible for creating, drafting, and reviewing business presentations and program documentation, and handling multiple resources when required. There are a few skills and requirements that need to be met to become a successful process assistant, which include a bachelor's degree in business or a related field, previous work experience, and decision-making skills.

What does a finance assistant do?

A finance assistant is responsible for supporting the financial department with daily operations by doing administrative and clerical tasks as needed. Finance assistants' duties include sorting financial records, updating account spreadsheets, assisting on bank statements reconciliation, processing payments, generating an invoice, auditing financial statements, escalating financial discrepancies for review, and reviewing cost analysis reports. A finance assistant must be knowledgeable of the financial industry and accounting processes, as well as have strong analytical and organizational skills.

Process assistant vs finance assistant salary

Process assistants and finance assistants have different pay scales, as shown below.

Process AssistantFinance Assistant
Average salary$33,657$37,926
Salary rangeBetween $27,000 And $40,000Between $27,000 And $52,000
Highest paying CityLongview, WAWashington, DC
Highest paying stateHawaiiConnecticut
Best paying companyUMass Memorial HealthBoston Consulting Group
Best paying industryFinanceManufacturing

Differences between process assistant and finance assistant education

There are a few differences between a process assistant and a finance assistant in terms of educational background:

Process AssistantFinance Assistant
Most common degreeBachelor's Degree, 44%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityUniversity of Pennsylvania

Process assistant vs finance assistant demographics

Here are the differences between process assistants' and finance assistants' demographics:

Process AssistantFinance Assistant
Average age5050
Gender ratioMale, 32.3% Female, 67.7%Male, 24.9% Female, 75.1%
Race ratioBlack or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 65.9% American Indian and Alaska Native, 0.7%Black or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7%
LGBT Percentage6%6%

Differences between process assistant and finance assistant duties and responsibilities

Process assistant example responsibilities.

  • Manage and update company Facebook page with daily updates, finding/sharing relevant and interesting information, and encouraging fan engagement.
  • Learned how an IEP is developed and implement.
  • Process FHA, VA and conventional loans at Lancaster branch.
  • Assist management to prepare for the FDA and EMA audits.
  • Provide support to planning, development and monitoring of KAIZEN events.
  • Conduct daily status calls on orders in all QC associate queues.
  • Show more

Finance assistant example responsibilities.

  • Manage finance operations of assign USPS location.
  • Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
  • Maintain cash receipts and disbursement records using QuickBooks and prepare bank reconciliations.
  • Provide emergency Medicaid screening for undocument patients, and perform necessary follow-up calls pertaining to NYC Medicaid applications.
  • Interpret information requests and correspond with patients and agencies in accordance with hospital, state and HIPAA regulations.
  • Schedule appointments, request prior authorization with appropriate CPT and ICD-9 codes, coordinate surgeries, procedures, etc.
  • Show more

Process assistant vs finance assistant skills

Common process assistant skills
  • Customer Service, 20%
  • Data Entry, 14%
  • Computer System, 9%
  • Office Equipment, 7%
  • Problem Solve, 5%
  • Quality Standards, 5%
Common finance assistant skills
  • Customer Service, 21%
  • Data Entry, 10%
  • Payroll, 9%
  • Purchase Orders, 6%
  • Financial Assistance, 5%
  • Credit Card, 4%

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