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Reconciling clerk vs finance coordinator

The differences between reconciling 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 reconciling clerk and a finance coordinator. Additionally, a finance coordinator has an average salary of $49,358, which is higher than the $31,012 average annual salary of a reconciling clerk.

The top three skills for a reconciling clerk include ACH, NSF and audit criteria. The most important skills for a finance coordinator are patients, customer service, and payroll.

Reconciling clerk vs finance coordinator overview

Reconciling ClerkFinance Coordinator
Yearly salary$31,012$49,358
Hourly rate$14.91$23.73
Growth rate-5%-5%
Number of jobs66,393106,187
Job satisfaction-5
Most common degreeBachelor's Degree, 39%Bachelor's Degree, 58%
Average age5151
Years of experience66

Reconciling clerk vs finance coordinator salary

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

Reconciling ClerkFinance Coordinator
Average salary$31,012$49,358
Salary rangeBetween $26,000 And $36,000Between $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 reconciling clerk and finance coordinator education

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

Reconciling ClerkFinance Coordinator
Most common degreeBachelor's Degree, 39%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Reconciling clerk vs finance coordinator demographics

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

Reconciling ClerkFinance Coordinator
Average age5151
Gender ratioMale, 25.3% Female, 74.7%Male, 22.1% Female, 77.9%
Race ratioBlack or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% 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 reconciling clerk and finance coordinator duties and responsibilities

Reconciling clerk example responsibilities.

  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Balance the vault, ATM's, and cash drawer.
  • Correct and adjust information on customer checks using CRT machine.
  • Balance and research transactional issues for branches and GL accounts.
  • Reconcile corporate & personal bank accounts efficiently using CRT and calculating skills.
  • Post stop-payment notices to prevent payment of protest checks, adjusting customer accounts regarding stop payments, NSF's and AR/AP.
  • Show more

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

Reconciling clerk vs finance coordinator skills

Common reconciling clerk skills
  • ACH, 29%
  • NSF, 21%
  • Audit Criteria, 14%
  • Bank Statements, 9%
  • ATM, 6%
  • Loan Payments, 5%
Common finance coordinator skills
  • Patients, 21%
  • Customer Service, 11%
  • Payroll, 5%
  • Reconciliations, 4%
  • Data Entry, 3%
  • Insurance Benefits, 3%

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