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Remittance clerk vs finance coordinator

The differences between remittance 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 remittance clerk and a finance coordinator. Additionally, a finance coordinator has an average salary of $49,358, 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 coordinator are patients, customer service, and payroll.

Remittance clerk vs finance coordinator overview

Remittance ClerkFinance Coordinator
Yearly salary$28,795$49,358
Hourly rate$13.84$23.73
Growth rate-5%-5%
Number of jobs66,450106,187
Job satisfaction-5
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 58%
Average age5151
Years of experience66

Remittance clerk vs finance coordinator salary

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

Remittance ClerkFinance Coordinator
Average salary$28,795$49,358
Salary rangeBetween $23,000 And $34,000Between $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 remittance clerk and finance coordinator education

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

Remittance ClerkFinance Coordinator
Most common degreeBachelor's Degree, 45%Bachelor's Degree, 58%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Remittance clerk vs finance coordinator demographics

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

Remittance ClerkFinance Coordinator
Average age5151
Gender ratioMale, 22.1% Female, 77.9%Male, 22.1% Female, 77.9%
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, 6.8% 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 remittance clerk and finance coordinator 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 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

Remittance clerk vs finance coordinator skills

Common remittance clerk skills
  • Data Entry, 18%
  • Process Payments, 15%
  • Bank Deposits, 9%
  • OpEx, 8%
  • Check Payments, 6%
  • IRS, 5%
Common finance coordinator skills
  • Patients, 21%
  • Customer Service, 11%
  • Payroll, 5%
  • Reconciliations, 4%
  • Data Entry, 3%
  • Insurance Benefits, 3%

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