Senior accounts receivable specialist vs accounts receivable specialist

The differences between senior accounts receivable specialists and accounts receivable 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 accounts receivable specialist. Additionally, a senior accounts receivable specialist has an average salary of $54,494, which is higher than the $39,873 average annual salary of an accounts receivable specialist.

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 specialist are customer service, patients, and data entry.

Senior accounts receivable specialist vs accounts receivable specialist overview

	Senior Accounts Receivable Specialist	Accounts Receivable Specialist
Yearly salary	$54,494	$39,873
Hourly rate	$26.20	$19.17
Growth rate	-8%	-8%
Number of jobs	24,817	61,988
Job satisfaction	-	4.5
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 45%
Average age	46	46
Years of experience	12	12

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 specialist do?

Accounts receivable specialists are members of the organization's finance or accounting department. They are responsible for managing the collection of payments for the company. They prepare official receipts and coordinate with account payable specialists from other companies with pending payables. They ensure that clients pay on time, and they also follow up on payments when necessary. They are responsible for checking whether the clients have already paid in full. Accounts receivable specialists are in charge of updating accounting records as well to ensure that client records are up to date.

Senior accounts receivable specialist vs accounts receivable specialist salary

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

	Senior Accounts Receivable Specialist	Accounts Receivable Specialist
Average salary	$54,494	$39,873
Salary range	Between $38,000 And $78,000	Between $31,000 And $50,000
Highest paying City	Washington, DC	Washington, DC
Highest paying state	Connecticut	Connecticut
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.	InfosysPublicService
Best paying industry	Technology	Technology

Differences between senior accounts receivable specialist and accounts receivable specialist education

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

	Senior Accounts Receivable Specialist	Accounts Receivable Specialist
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 45%
Most common major	Business	Business
Most common college	-	-

Senior accounts receivable specialist vs accounts receivable specialist demographics

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

	Senior Accounts Receivable Specialist	Accounts Receivable Specialist
Average age	46	46
Gender ratio	Male, 18.3% Female, 81.7%	Male, 18.2% Female, 81.8%
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, 12.9% Unknown, 4.2% Hispanic or Latino, 19.0% Asian, 3.9% White, 59.6% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between senior accounts receivable specialist and accounts receivable 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.

Accounts receivable specialist example responsibilities.

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Perform accounts reconciliations, complex invoice research, statement reconciliations, complex invoice research, statement reconciliation and journal entries.
Follow company's standard operating procedures in cooperation with Medicare, Medicaid and private insurance providers to resolve billing issues.
Cash and credit allocation of customer payments in ROSS ERP system.
Prepare PowerPoint presentations, word documents, letters and spreadsheets while meeting deadlines.
Reconcile direct billing accounts and adjust product pricing utilizing JD Edwards EnterpriseONE ERP system.

Senior accounts receivable specialist vs accounts receivable 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 accounts receivable specialist skills

Customer Service, 15%
Patients, 9%
Data Entry, 5%
Credit Card Payments, 4%
Reconciliations, 4%
Accounts Receivables, 3%

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Senior Accounts Receivable Specialist vs Accounts Receivable Specialist

Updated January 8, 2025

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