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Settlement clerk vs accounting assistant

The differences between settlement clerks and accounting assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a settlement clerk and an accounting assistant. Additionally, an accounting assistant has an average salary of $39,569, which is higher than the $32,501 average annual salary of a settlement clerk.

The top three skills for a settlement clerk include data entry, settlement statements and administrative tasks. The most important skills for an accounting assistant are data entry, customer service, and reconciliations.

Settlement clerk vs accounting assistant overview

Settlement ClerkAccounting Assistant
Yearly salary$32,501$39,569
Hourly rate$15.63$19.02
Growth rate-5%-5%
Number of jobs66,38063,945
Job satisfaction--
Most common degreeBachelor's Degree, 35%Bachelor's Degree, 55%
Average age5151
Years of experience66

Settlement clerk vs accounting assistant salary

Settlement clerks and accounting assistants have different pay scales, as shown below.

Settlement ClerkAccounting Assistant
Average salary$32,501$39,569
Salary rangeBetween $26,000 And $39,000Between $30,000 And $50,000
Highest paying City-Washington, DC
Highest paying state-New York
Best paying company-Los Alamos National Laboratory
Best paying industry-Finance

Differences between settlement clerk and accounting assistant education

There are a few differences between a settlement clerk and an accounting assistant in terms of educational background:

Settlement ClerkAccounting Assistant
Most common degreeBachelor's Degree, 35%Bachelor's Degree, 55%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Settlement clerk vs accounting assistant demographics

Here are the differences between settlement clerks' and accounting assistants' demographics:

Settlement ClerkAccounting Assistant
Average age5151
Gender ratioMale, 25.0% Female, 75.0%Male, 20.1% Female, 79.9%
Race ratioBlack or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between settlement clerk and accounting assistant duties and responsibilities

Settlement clerk example responsibilities.

  • Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
  • Process invoices in AS400 for delivery drivers.
  • Read and understand settlement descriptions and amounts within the AS400
  • Balance cash box, PPG and cup/cooler receipts daily.
  • Answer ACH relate questions for external customers and bank personnel.
  • Dispatch all cash letters to correct banks or ACH clearing house.
  • Show more

Accounting assistant example responsibilities.

  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Participate in weekly, monthly, quarterly, and yearly audits to ensure SOX compliance and propose opportunities for improvement.
  • Meet with account teams to discuss job structure, new projects, client requests, billing procedures, and SOX requirements.
  • Reconcile departmental report cash against banking ACH transactions.
  • Process mortgage portfolio monthly payments and interest accruals.
  • Utilize online system for calculating payroll and family tuition payments.
  • Show more

Settlement clerk vs accounting assistant skills

Common settlement clerk skills
  • Data Entry, 43%
  • Settlement Statements, 9%
  • Administrative Tasks, 7%
  • Bank Deposits, 6%
  • Computer System, 3%
  • Multi-Line Phone System, 3%
Common accounting assistant skills
  • Data Entry, 13%
  • Customer Service, 11%
  • Reconciliations, 8%
  • Purchase Orders, 7%
  • Credit Card Payments, 6%
  • General Ledger Accounts, 5%

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