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Remittance clerk vs finance clerk

The differences between remittance clerks and finance clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a remittance clerk and a finance clerk. Additionally, a finance clerk has an average salary of $39,225, which is higher than the $28,795 average annual salary of a remittance clerk.

The top three skills for a remittance clerk include data entry, process payments and bank deposits. The most important skills for a finance clerk are data entry, purchase orders, and HR.

Remittance clerk vs finance clerk overview

Remittance ClerkFinance Clerk
Yearly salary$28,795$39,225
Hourly rate$13.84$18.86
Growth rate-5%-5%
Number of jobs66,450143,372
Job satisfaction--
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 44%
Average age5151
Years of experience66

Remittance clerk vs finance clerk salary

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

Remittance ClerkFinance Clerk
Average salary$28,795$39,225
Salary rangeBetween $23,000 And $34,000Between $27,000 And $56,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-United States Courts
Best paying industry-Government

Differences between remittance clerk and finance clerk education

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

Remittance ClerkFinance Clerk
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 44%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Remittance clerk vs finance clerk demographics

Here are the differences between remittance clerks' and finance clerks' demographics:

Remittance ClerkFinance Clerk
Average age5151
Gender ratioMale, 22.1% Female, 77.9%Male, 26.2% Female, 73.8%
Race ratioBlack or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.6% White, 67.7% American Indian and Alaska Native, 0.6%Black 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%
LGBT Percentage7%7%

Differences between remittance clerk and finance clerk duties and responsibilities

Remittance clerk example responsibilities.

  • Manage and complete revenue clearing, suspense, royalty payable, and GL reconciliations.
  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Maintain record of all revenue that comes in the office and reconcile with accountant, keep track of A/R
  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Perform monthly bank and GL reconciliations for all accounts and provide variance analysis.
  • Respond to inquiries from internal organization and external customers regarding package processing, delivery information and services offer by USPS stores.

Finance clerk example responsibilities.

  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Collaborate with insurance company representatives, case managers and physicians to obtain treatment authorization for potential kidney and kidney/pancreas transplant patients.
  • Write checks in the QuickBooks software to vendors and to reimburse employees.
  • Establish customer files in QuickBooks, write and test work instructions for clients, log and close complete files.
  • Produce PowerPoint presentations in order to brief the command team of the on goings within the company.
  • Used an automate information system (PeopleSoft) to edit, modify, and verify customers personal and payment information.
  • Show more

Remittance clerk vs finance clerk skills

Common remittance clerk skills
  • Data Entry, 18%
  • Process Payments, 15%
  • Bank Deposits, 9%
  • OpEx, 8%
  • Check Payments, 6%
  • IRS, 5%
Common finance clerk skills
  • Data Entry, 16%
  • Purchase Orders, 9%
  • HR, 5%
  • Bank Statements, 5%
  • Bank Deposits, 5%
  • Credit Card, 4%

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