Revenue specialist vs tax analyst

The differences between revenue specialists and tax analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a revenue specialist and a tax analyst. Additionally, a tax analyst has an average salary of $61,745, which is higher than the $44,779 average annual salary of a revenue specialist.

The top three skills for a revenue specialist include patients, revenue cycle and CPT. The most important skills for a tax analyst are tax audits, reconciliations, and tax compliance.

Revenue specialist vs tax analyst overview

	Revenue Specialist	Tax Analyst
Yearly salary	$44,779	$61,745
Hourly rate	$21.53	$29.69
Growth rate	-7%	-7%
Number of jobs	28,763	56,223
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 70%
Average age	48	48
Years of experience	2	2

What does a revenue specialist do?

A revenue specialist is in charge of overseeing and processing payments for their company, ensuring accuracy and timeliness. Their responsibilities revolve around reviewing invoices and insurance claims, monitoring tax deductions and expenses, liaising with external parties, collecting payments, producing progress and revenue reports, and maintaining records of all transactions. Furthermore, as a revenue specialist, it is essential to devise strategies for managing revenues, all while upholding the company's policies and regulations, including its vision and mission.

What does a tax analyst do?

A tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.

Revenue specialist vs tax analyst salary

Revenue specialists and tax analysts have different pay scales, as shown below.

	Revenue Specialist	Tax Analyst
Average salary	$44,779	$61,745
Salary range	Between $28,000 And $71,000	Between $43,000 And $87,000
Highest paying City	Camden, NJ	San Francisco, CA
Highest paying state	New Jersey	Maine
Best paying company	McKinsey & Company Inc	Meta
Best paying industry	Manufacturing	Technology

Differences between revenue specialist and tax analyst education

There are a few differences between a revenue specialist and a tax analyst in terms of educational background:

	Revenue Specialist	Tax Analyst
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 70%
Most common major	Business	Accounting
Most common college	University of Southern California	University of Southern California

Revenue specialist vs tax analyst demographics

Here are the differences between revenue specialists' and tax analysts' demographics:

	Revenue Specialist	Tax Analyst
Average age	48	48
Gender ratio	Male, 24.3% Female, 75.7%	Male, 42.9% Female, 57.1%
Race ratio	Black or African American, 12.9% Unknown, 3.2% Hispanic or Latino, 16.2% Asian, 9.9% White, 57.5% American Indian and Alaska Native, 0.2%	Black or African American, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3%
LGBT Percentage	8%	8%

Differences between revenue specialist and tax analyst duties and responsibilities

Revenue specialist example responsibilities.

Process account receivables, charge entry, claims, and reimbursement in adherence to Medicare and all HMO guidelines.
Establish a strong understanding of ICD-9 diagnosis and medical inventory codes.
Work claim edits to ensure clean claim billing to Medicare/Medicare HMO's.
Review the complex medical records and accurately codes primary/secondary diagnoses and procedures using ICD-10-CM and CPT coding conventions.
Initiate appeals and ensure required documentation are submitted in the appeals process.
Complete appeals when authorization are not obtain and or unusual procedure are performed.

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Tax analyst example responsibilities.

Utilize QuickBooks to manage client data and prepare necessary financial statements.
Own the preparation of the consolidated/worldwide provision calculations and AJE, including account reconciliations.
Prepare ASC 740 tax accounting calculations.
Input apportionment factors into OneSource tax system.
Correspond with taxpayers, accountants, and CPAs.
Assist in federal and state return preparation using OneSource software.

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Revenue specialist vs tax analyst skills

Common revenue specialist skills

Patients, 17%
Revenue Cycle, 13%
CPT, 6%
Data Entry, 5%
Medical Terminology, 5%
Medicaid, 5%

Common tax analyst skills

Tax Audits, 6%
Reconciliations, 4%
Tax Compliance, 4%
Tax Payments, 4%
Tax Software, 4%
Income Tax Returns, 4%

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Updated January 8, 2025

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