Senior accounts receivable specialist vs senior accountant

The differences between senior accounts receivable specialists and senior accountants 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 a senior accountant takes usually requires 2-4 years. Additionally, a senior accountant has an average salary of $71,967, which is higher than the $54,494 average annual salary of a senior 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 a senior accountant are reconciliations, CPA, and GAAP.

Senior accounts receivable specialist vs senior accountant overview

	Senior Accounts Receivable Specialist	Senior Accountant
Yearly salary	$54,494	$71,967
Hourly rate	$26.20	$34.60
Growth rate	-8%	6%
Number of jobs	24,817	76,816
Job satisfaction	-	4
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 78%
Average age	46	44
Years of experience	12	4

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 a senior accountant do?

A senior accountant is responsible for organizing financial reports, analyzing cost estimates, reviewing budget goals regularly, and making adjustments with the company's account statements as necessary. Senior accountants' duties also include managing account reconciliations, preparing tax documents, maintaining audit records and balance sheets, generating invoices, and providing recommendations to minimize possible financial loss. A senior accountant must have excellent analytical and critical-thinking skills and extensive knowledge of accounting and financial principles.

Senior accounts receivable specialist vs senior accountant salary

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

	Senior Accounts Receivable Specialist	Senior Accountant
Average salary	$54,494	$71,967
Salary range	Between $38,000 And $78,000	Between $55,000 And $92,000
Highest paying City	Washington, DC	Washington, DC
Highest paying state	Connecticut	New York
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.	Google
Best paying industry	Technology	Finance

Differences between senior accounts receivable specialist and senior accountant education

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

	Senior Accounts Receivable Specialist	Senior Accountant
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 78%
Most common major	Business	Accounting
Most common college	-	University of Pennsylvania

Senior accounts receivable specialist vs senior accountant demographics

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

	Senior Accounts Receivable Specialist	Senior Accountant
Average age	46	44
Gender ratio	Male, 18.3% Female, 81.7%	Male, 46.9% Female, 53.1%
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, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.5% White, 61.8% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	7%

Differences between senior accounts receivable specialist and senior accountant 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.

Senior accountant example responsibilities.

Manage complex pricing structure and maintain SalesForce CRM funnel for forecasting accuracy.
Prepare internal financial reports for treasury manage accounts include in external compliance reports.
Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
Compile and analyze financial information to prepare monthly accruals, payroll journal, general journal and bank reconciliations.
Research and develop policies around Medicaid and Medicare billings and prepare Medicaid cost reports.
Coordinate submissions of financial data from regional divisions and prepare the consolidated company financial statement using Hyperion program.

Senior accounts receivable specialist vs senior accountant 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 senior accountant skills

Reconciliations, 13%
CPA, 8%
GAAP, 7%
External Auditors, 4%
Internal Controls, 4%
Payroll, 4%

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Senior Accounts Receivable Specialist vs Senior Accountant

Updated January 8, 2025

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