A processing specialist mainly functions to extend and relay information within a company or organization. Most of the time, they are responsible for gathering, verifying, processing, and analyzing data from various aspects such as clients and sales. Aside from this, they perform research and analysis, utilizing the results to develop strategies and plans to help the company pursue deals and provide optimum services. Furthermore, a processing specialist needs to coordinate with managers and be equipped with communication skills as there are instances where they must engage with clients.

Processing Specialist Responsibilities

Here are examples of responsibilities from real processing specialist resumes representing typical tasks they are likely to perform in their roles.

  • Manage an email account specifically for customers to fill out an RMA request form.
  • Personalize and manage a customer SQL network database to consolidate all incoming orders from different marketplaces.
  • Utilize the Dictaphone transcription equipment, and process large volumes of documents on a daily basis.
  • Create and maintain organizational charts using Microsoft Visio.
  • Provide expert help to Wang users.
  • Open and diagnose incoming mail using Opex rapid extraction equipment.
  • Operate retail POS system including opening credit lines to customers.
  • Transcribe neonatal progress notes and reports on Wang word processor.
  • Utilize low speed mail extraction devices such as the Opex machine.
  • Used an RF scanning device to pull up and pack orders.
  • Transcribe tapes dictate by attorneys and convert documents to pdf files.
  • Scan images into Photoshop, remove unwanted images, and objects.
  • Used shipping software, RF scanners, sit down forklifts, and order pickers.
  • Redact sensitive materials for litigation attorneys and create fillable PDF files to send to clients.
  • Retrieve and compile data from HRMS database using SQL in order to analyze employee records for accurateness.

Processing Specialist Skills and Personality Traits

We calculated that 20% of Processing Specialists are proficient in Customer Service, Data Entry, and Quality Standards. They’re also known for soft skills such as Integrity, Math skills, and Detail oriented.

We break down the percentage of Processing Specialists that have these skills listed on their resume here:

  • Customer Service, 20%

    Provided general customer service and Broker Dealer related information and problem resolution as needed to the clients and internal business partners.

  • Data Entry, 13%

    Perform data entry skills by keying alpha/numeric information of remittance documents as indicated by the keying instructions a designated secure system.

  • Quality Standards, 8%

    Prioritized all work performed in lithography semiconductor manufacturing allowing for maximum through-put, while maintaining the highest quality standards.

  • Process Improvement, 7%

    Project Management, Client Service Delivery with aligning business needs with innovative technology, information/knowledge based solutions and business process improvements.

  • Patients, 5%

    Prepared patients for physical therapy treatment by welcoming, comforting, providing and assisting patients into physical therapy apparel.

  • Excellent Interpersonal, 3%

    Provided excellent interpersonal communications between co-workers in Florida and Bangalore.

Most processing specialists list "customer service," "data entry," and "quality standards" as skills on their resumes. We go into more details on the most important processing specialist responsibilities here:

  • Arguably the most important personality trait for a processing specialist to have happens to be integrity. An example from a resume said this about the skill, "bookkeeping, accounting, and auditing clerks have control of an organization’s financial documentation, which they must use properly and keep confidential" Additionally, other resumes have pointed out that processing specialists can use integrity to "maintained the quality and integrity of member information through accurate data entry and proactive record maintenance. "
  • While it may not be the most important skill, we found that many processing specialist duties rely on math skills. This example from a processing specialist explains why: "bookkeeping, accounting, and auditing clerks deal with numbers daily and should be comfortable with basic arithmetic." This resume example is just one of many ways processing specialists are able to utilize math skills: "experienced computer proficiency plus strong quantitative and qualitative skills to correct computer system. "
  • Detail oriented is also an important skill for processing specialists to have. This example of how processing specialists use this skill comes from a processing specialist resume, "bookkeeping, accounting, and auditing clerks are responsible for producing accurate financial records" Read this excerpt from a resume to understand how vital it is to their everyday roles and responsibilities, "received and reviewed detailed documents for data entry of all child support payments done on a daily basis. "
  • In order for certain processing specialist responsibilities to be completed, the job requires the skill "computer skills." According to a processing specialist resume, "bookkeeping, accounting, and auditing clerks need to be comfortable using computer spreadsheets and bookkeeping software." As an example, this snippet was taken directly from a resume about how this skill applies: "operated a variety of data entry equipment to transform, transcribe, and verify source material to computer read-able media. "
  • See the full list of processing specialist skills.

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    What Accounts Payable Clerks Do

    An accounts payable clerk is responsible for supporting the accounting department by performing clerical duties to file financial reports timely and accurately. Accounts payable clerks manage and verify invoices documents, reconcile balance spreadsheets, process payments for suppliers and vendors, resolve billing discrepancies, confirm and post account statements, record outstanding credits, and maintain an organized record of transactions. An accounts payable clerk must have excellent knowledge of the accounting principles to deliver high-quality services and help the business minimize excessive financial loss.

    We looked at the average processing specialist annual salary and compared it with the average of an accounts payable clerk. Generally speaking, accounts payable clerks receive $17,254 lower pay than processing specialists per year.

    While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both processing specialists and accounts payable clerks positions are skilled in customer service, data entry, and financial statements.

    As far as similarities go, this is where it ends because a processing specialist responsibility requires skills such as "quality standards," "process improvement," "patients," and "excellent interpersonal." Whereas a accounts payable clerk is skilled in "purchase orders," "expense reports," "vendor invoices," and "vendor statements." So if you're looking for what truly separates the two careers, you've found it.

    Accounts payable clerks tend to make the most money in the technology industry by averaging a salary of $41,570. In contrast, processing specialists make the biggest average salary of $76,790 in the professional industry.

    Accounts payable clerks tend to reach similar levels of education than processing specialists. In fact, accounts payable clerks are 2.7% less likely to graduate with a Master's Degree and 0.5% less likely to have a Doctoral Degree.

    What Are The Duties Of a Bookkeeper?

    Bookkeepers are employees who are in charge of the company's general ledger. They are well-versed in basic accounting principles, and they apply these in their work. Bookkeepers manage the entry of items in the general ledger, assign items into their proper categories, and ensure that the entries are balanced. They also act as auditors by checking the accuracy and veracity of the receipts or vouchers in their possession before entering them into the system. Bookkeepers ensure that their files are up to date and free of errors.

    The next role we're going to look at is the bookkeeper profession. Typically, this position earns a lower pay. In fact, they earn a $15,250 lower salary than processing specialists per year.

    Not everything about these jobs is different. Take their skills, for example. Processing specialists and bookkeepers both include similar skills like "customer service," "data entry," and "powerpoint" on their resumes.

    In addition to the difference in salary, there are some other key differences that are worth noting. For example, processing specialist responsibilities are more likely to require skills like "quality standards," "process improvement," "patients," and "excellent interpersonal." Meanwhile, a bookkeeper might be skilled in areas such as "payroll tax returns," "reconciliations," "journal entries," and "general ledger accounts." These differences highlight just how different the day-to-day in each role looks.

    Bookkeepers may earn a lower salary than processing specialists, but bookkeepers earn the most pay in the manufacturing industry with an average salary of $42,063. On the other side of things, processing specialists receive higher paychecks in the professional industry where they earn an average of $76,790.

    In general, bookkeepers study at similar levels of education than processing specialists. They're 2.4% less likely to obtain a Master's Degree while being 0.5% less likely to earn a Doctoral Degree.

    How an Accounting Clerk Compares

    Accounting clerks are employees assigned to manage administrative and clerical tasks in the accounting department. Accounting clerks handle office accounting records and ensure that files are properly labeled and stored. They validate records and check whether these are updated. They also sort through documents to ensure that they are in their proper storage bins. Aside from document handling, they also help with creating and validating financial statements and bookkeeping. As such, accounting clerks should have a strong background in accounting to manage their tasks better.

    Let's now take a look at the accounting clerk profession. On average, these workers make lower salaries than processing specialists with a $16,904 difference per year.

    Using processing specialists and accounting clerks resumes, we found that both professions have similar skills such as "customer service," "data entry," and "powerpoint," but the other skills required are very different.

    As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from processing specialists resumes, they are more likely to have skills like "quality standards," "process improvement," "patients," and "excellent interpersonal." But a accounting clerk might have skills like "purchase orders," "reconciliations," "vendor invoices," and "quickbooks."

    Accounting clerks make a very good living in the government industry with an average annual salary of $40,064. Whereas processing specialists are paid the highest salary in the professional industry with the average being $76,790.

    Accounting clerks are known to earn similar educational levels when compared to processing specialists. Additionally, they're 2.4% less likely to graduate with a Master's Degree, and 0.4% less likely to earn a Doctoral Degree.

    Description Of a Payment Processor

    A payment processor is responsible for managing and informing the clients of their payment obligations for the services offered by a financial institution or other related organizations. Payment processors record transactions and ensure the timely completion of account statements. They discuss the terms and conditions of the service contract with the clients and respond to their inquiries and concerns. A payment processor must have excellent communication and organizational skills, especially in coming up with repayment plans and solutions for clients who are not able to pay services in time.

    The fourth career we look at typically earns lower pay than processing specialists. On average, payment processors earn a difference of $21,557 lower per year.

    While both processing specialists and payment processors complete day-to-day tasks using similar skills like customer service, data entry, and quality standards, the two careers also vary in other skills.

    Even though a few skill sets overlap, there are some differences that are important to note. For one, a processing specialist might have more use for skills like "process improvement," "excellent interpersonal," "business process," and "excellent organizational." Meanwhile, some payment processors might include skills like "phone calls," "credit card payments," "patient payments," and "patient accounts" on their resume.

    In general, payment processors make a higher salary in the insurance industry with an average of $38,534. The highest processing specialist annual salary stems from the professional industry.

    In general, payment processors reach similar levels of education when compared to processing specialists resumes. Payment processors are 3.6% less likely to earn their Master's Degree and 0.5% less likely to graduate with a Doctoral Degree.

    What a Processing Specialist Does FAQs

    How Much Does A Process Specialist Make?

    A process specialist makes $69,000 a year, on average ($33.55 an hour). A process specialist just starting can expect to make around $42,000 a year, while a senior process specialist with ten or more years of experience averages $115,000 a year.

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