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Senior accounts receivable specialist vs account specialist

The differences between senior accounts receivable specialists and account specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a senior accounts receivable specialist and an account specialist. Additionally, a senior accounts receivable specialist has an average salary of $54,494, which is higher than the $42,586 average annual salary of an account specialist.

The top three skills for a senior accounts receivable specialist include account reconciliations, customer accounts and reconciliations. The most important skills for an account specialist are customer service, patients, and account management.

Senior accounts receivable specialist vs account specialist overview

Senior Accounts Receivable SpecialistAccount Specialist
Yearly salary$54,494$42,586
Hourly rate$26.20$20.47
Growth rate-8%-8%
Number of jobs24,817116,010
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 54%
Average age4646
Years of experience1212

What does a senior accounts receivable specialist do?

Senior accounts receivable specialists follow established accounts receivable and account payable policies, guidelines, control processes, and procedures. The specialists make sure that activities associated with the payables and receivables are accurate. They assist the partners of firms in terms of collecting and reporting accounts receivable balances that are already past due. It is their job to establish extensive contact with clients and partners. Also, they are responsible for tracking payments and perform banking deposits.

What does an account specialist do?

An account specialist is responsible for reaching out to customers or potential clients through calls, emails, and other forms of correspondence to secure sales and strengthen business relations. An account specialist may also perform other tasks such as arranging appointment schedules with clients, providing price quotes and responding to further inquiries, process orders, generating sales leads, and handling complaints and resolving issues. Furthermore, an account specialist may also be involved in developing strategies, finding new opportunities, producing and completing necessary documents, and preparing reports, all in adherence to the company's policies and regulations.

Senior accounts receivable specialist vs account specialist salary

Senior accounts receivable specialists and account specialists have different pay scales, as shown below.

Senior Accounts Receivable SpecialistAccount Specialist
Average salary$54,494$42,586
Salary rangeBetween $38,000 And $78,000Between $28,000 And $62,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateConnecticutVirginia
Best paying companyAmkor Technology is a strategically located company with a diversified working environment. Employees mention free lunches, transportation, and lodging, and the management is good at recognizing key talents.Microsoft
Best paying industryTechnologyFinance

Differences between senior accounts receivable specialist and account specialist education

There are a few differences between a senior accounts receivable specialist and an account specialist in terms of educational background:

Senior Accounts Receivable SpecialistAccount Specialist
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common college--

Senior accounts receivable specialist vs account specialist demographics

Here are the differences between senior accounts receivable specialists' and account specialists' demographics:

Senior Accounts Receivable SpecialistAccount Specialist
Average age4646
Gender ratioMale, 18.3% Female, 81.7%Male, 32.2% Female, 67.8%
Race ratioBlack or African American, 14.1% Unknown, 4.1% Hispanic or Latino, 19.0% Asian, 3.8% White, 58.5% American Indian and Alaska Native, 0.5%Black or African American, 13.2% Unknown, 4.1% Hispanic or Latino, 17.8% Asian, 3.7% White, 60.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between senior accounts receivable specialist and account specialist duties and responsibilities

Senior accounts receivable specialist example responsibilities.

  • Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
  • Enter credit/debit memo, set up and process franchisees ACH.
  • Create and set up new financial institute bank accounts for ACH services.
  • Review submission of all charges and payments to include proper medical data and the appropriate CPT and ICD-9 codes.
  • Collect money owe to Texas Medicaid by medical providers.
  • Correspond with various commercial and federal insurance companies including Medicare and Medicaid.
  • Show more

Account specialist example responsibilities.

  • Cultivate productive long-term relationships with all assign accounts, and manage all reporting and presentation needs for RFP's.
  • Manage a portfolio of accounts end to end RFP program execution inclusive of pricing, contracting, process and technology solutions.
  • Manage the daily correspondence from assign practices with keeping doctor/patient confidentiality under consideration along with HIPPA regulations.
  • Deliver exceptional customer service to hospital accounts and internal sales representatives in accordance to revenue recognition policies and HIPAA regulations.
  • Experience with CMS 1500 and UB-04 claims using HCPC/CPT codes as well as NDC codes
  • Monitor CMS and real time aux codes.
  • Show more

Senior accounts receivable specialist vs account specialist skills

Common senior accounts receivable specialist skills
  • Account Reconciliations, 6%
  • Customer Accounts, 6%
  • Reconciliations, 5%
  • Customer Service, 4%
  • Patient Accounts, 4%
  • Credit Card Payments, 4%
Common account specialist skills
  • Customer Service, 25%
  • Patients, 13%
  • Account Management, 6%
  • PowerPoint, 4%
  • Data Entry, 4%
  • Catheter, 3%

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