Senior accounts receivable specialist vs accounts receivable clerk

The differences between senior accounts receivable specialists and accounts receivable clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a senior accounts receivable specialist, becoming an accounts receivable clerk takes usually requires 4-6 years. Additionally, a senior accounts receivable specialist has an average salary of $54,494, which is higher than the $36,425 average annual salary of an accounts receivable clerk.

The top three skills for a senior accounts receivable specialist include account reconciliations, customer accounts and reconciliations. The most important skills for an accounts receivable clerk are customer service, data entry, and collection calls.

Senior accounts receivable specialist vs accounts receivable clerk overview

	Senior Accounts Receivable Specialist	Accounts Receivable Clerk
Yearly salary	$54,494	$36,425
Hourly rate	$26.20	$17.51
Growth rate	-8%	-5%
Number of jobs	24,817	87,935
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 36%
Average age	46	51
Years of experience	12	6

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 accounts receivable clerk do?

An Accounts Receivable Clerk specializes in processing payment records and bill statements of a company or organization. Among the duties include calculating total revenues and unpaid invoices, maintaining financial records and keeping a detailed and organized database, and verifying financial transactions and payment delinquencies. Furthermore, an Accounts Receivable Clerk must resolve and examine deductions, prepare invoices and necessary documentation, and review customer payment plans and history records and coordinate with the collections department should there be any issues.

Senior accounts receivable specialist vs accounts receivable clerk salary

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

	Senior Accounts Receivable Specialist	Accounts Receivable Clerk
Average salary	$54,494	$36,425
Salary range	Between $38,000 And $78,000	Between $29,000 And $45,000
Highest paying City	Washington, DC	Boston, MA
Highest paying state	Connecticut	Massachusetts
Best paying company	Amkor 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.	IBM
Best paying industry	Technology	Finance

Differences between senior accounts receivable specialist and accounts receivable clerk education

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

	Senior Accounts Receivable Specialist	Accounts Receivable Clerk
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 36%
Most common major	Business	Accounting
Most common college	-	University of Pennsylvania

Senior accounts receivable specialist vs accounts receivable clerk demographics

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

	Senior Accounts Receivable Specialist	Accounts Receivable Clerk
Average age	46	51
Gender ratio	Male, 18.3% Female, 81.7%	Male, 13.7% Female, 86.3%
Race ratio	Black 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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	8%	7%

Differences between senior accounts receivable specialist and accounts receivable clerk 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.

Accounts receivable clerk example responsibilities.

Manage and monitor weekly bank deposit runs and record deposits into QuickBooks.
Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Obtain online reports of bank transactions, including deposits, ACH, EFT and wire payments from multiple banking institutions.
Utilize QuickBooks accounting software for billing/invoices, generate statements.
Perform necessary adjustments using knowledge of Medicare and all third party insurance.
Investigate and resolve any out-of-balances including credit card discrepancies / lockbox exceptions.

Senior accounts receivable specialist vs accounts receivable clerk 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 accounts receivable clerk skills

Customer Service, 12%
Data Entry, 9%
Collection Calls, 8%
Financial Data, 7%
Credit Card Payments, 5%
Process Payments, 5%

Senior Accounts Receivable Specialist vs. similar jobs

Senior Accounts Receivable Specialist related careers

Senior Accounts Receivable Specialist related jobs

What similar roles do

Zippia Careers
Office and Administrative Industry
Senior Accounts Receivable Specialist
Senior Accounts Receivable Specialist vs Accounts Receivable Clerk

Updated January 8, 2025

Browse office and administrative jobs