Settlement clerk vs finance clerk

The differences between settlement clerks and finance clerks 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 a finance clerk. Additionally, a finance clerk has an average salary of $39,225, 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 a finance clerk are data entry, purchase orders, and HR.

Settlement clerk vs finance clerk overview

	Settlement Clerk	Finance Clerk
Yearly salary	$32,501	$39,225
Hourly rate	$15.63	$18.86
Growth rate	-5%	-5%
Number of jobs	66,380	143,372
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 44%
Average age	51	51
Years of experience	6	6

Settlement clerk vs finance clerk salary

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

	Settlement Clerk	Finance Clerk
Average salary	$32,501	$39,225
Salary range	Between $26,000 And $39,000	Between $27,000 And $56,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	United States Courts
Best paying industry	-	Government

Differences between settlement clerk and finance clerk education

There are a few differences between a settlement clerk and a finance clerk in terms of educational background:

	Settlement Clerk	Finance Clerk
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Settlement clerk vs finance clerk demographics

Here are the differences between settlement clerks' and finance clerks' demographics:

	Settlement Clerk	Finance Clerk
Average age	51	51
Gender ratio	Male, 25.0% Female, 75.0%	Male, 26.2% Female, 73.8%
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, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between settlement clerk and finance clerk 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.

Finance clerk example responsibilities.

Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Collaborate with insurance company representatives, case managers and physicians to obtain treatment authorization for potential kidney and kidney/pancreas transplant patients.
Write checks in the QuickBooks software to vendors and to reimburse employees.
Establish customer files in QuickBooks, write and test work instructions for clients, log and close complete files.
Produce PowerPoint presentations in order to brief the command team of the on goings within the company.
Used an automate information system (PeopleSoft) to edit, modify, and verify customers personal and payment information.

Settlement clerk vs finance clerk 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 finance clerk skills

Data Entry, 16%
Purchase Orders, 9%
HR, 5%
Bank Statements, 5%
Bank Deposits, 5%
Credit Card, 4%