Settlement clerk vs finance coordinator

The differences between settlement clerks and finance coordinators 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 coordinator. Additionally, a finance coordinator has an average salary of $49,358, 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 coordinator are patients, customer service, and payroll.

Settlement clerk vs finance coordinator overview

	Settlement Clerk	Finance Coordinator
Yearly salary	$32,501	$49,358
Hourly rate	$15.63	$23.73
Growth rate	-5%	-5%
Number of jobs	66,380	106,187
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 58%
Average age	51	51
Years of experience	6	6

Settlement clerk vs finance coordinator salary

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

	Settlement Clerk	Finance Coordinator
Average salary	$32,501	$49,358
Salary range	Between $26,000 And $39,000	Between $34,000 And $71,000
Highest paying City	-	Washington, DC
Highest paying state	-	Maryland
Best paying company	-	McKinsey & Company Inc
Best paying industry	-	Professional

Differences between settlement clerk and finance coordinator education

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

	Settlement Clerk	Finance Coordinator
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 58%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Settlement clerk vs finance coordinator demographics

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

	Settlement Clerk	Finance Coordinator
Average age	51	51
Gender ratio	Male, 25.0% Female, 75.0%	Male, 22.1% Female, 77.9%
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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between settlement clerk and finance coordinator 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 coordinator example responsibilities.

Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
Construct posts featuring highlights of past events on Facebook.
Enter EOB payments and denials and perform follow up with insurance company on denials.
Create promotional flyers for annual concerts and fundraisers which are posted through via Facebook and local areas.
Review and process EOB's daily, entering comments into the bill comment log as to status of follow up.
Produce basic PowerPoint presentation materials, including graphical renderings for illustration.

Settlement clerk vs finance coordinator 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 coordinator skills

Patients, 21%
Customer Service, 11%
Payroll, 5%
Reconciliations, 4%
Data Entry, 3%
Insurance Benefits, 3%