Settlement clerk vs accounting technician

The differences between settlement clerks and accounting technicians 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 technician. Additionally, an accounting technician has an average salary of $41,337, 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 technician are customer service, financial reports, and payroll.

Settlement clerk vs accounting technician overview

	Settlement Clerk	Accounting Technician
Yearly salary	$32,501	$41,337
Hourly rate	$15.63	$19.87
Growth rate	-5%	-5%
Number of jobs	66,380	39,972
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 51%
Average age	51	51
Years of experience	6	6

Settlement clerk vs accounting technician salary

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

	Settlement Clerk	Accounting Technician
Average salary	$32,501	$41,337
Salary range	Between $26,000 And $39,000	Between $31,000 And $53,000
Highest paying City	-	Oakland, CA
Highest paying state	-	California
Best paying company	-	W. R. Berkley
Best paying industry	-	Government

Differences between settlement clerk and accounting technician education

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

	Settlement Clerk	Accounting Technician
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 51%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Settlement clerk vs accounting technician demographics

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

	Settlement Clerk	Accounting Technician
Average age	51	51
Gender ratio	Male, 25.0% Female, 75.0%	Male, 22.7% Female, 77.3%
Race ratio	Black 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, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between settlement clerk and accounting technician 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.

Accounting technician example responsibilities.

Develop expertise in use of PeopleSoft system to manage balance accounts for quarterly investment portfolio.
Reconcile the agency SPCC statement each month
Audit includes reviewing SPCC invoices and receipts to ensure appropriate tax exemptions are follow.
Analyze cases to determine if ICD-9 and CPT codes are covered benefits according to insurance's medical policy.
Apply GAAP following applicable federal regulations.
Maintain adherence to university accounting and GAAP standards.

Settlement clerk vs accounting technician 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 technician skills

Customer Service, 12%
Financial Reports, 10%
Payroll, 8%
Purchase Orders, 7%
Data Entry, 6%
Reconciliations, 5%

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Settlement Clerk
Settlement Clerk vs Accounting Technician

Updated January 8, 2025

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