Statement processor vs data processor

The differences between statement processors and data processors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a statement processor, becoming a data processor takes usually requires 1-2 years. Additionally, a statement processor has an average salary of $63,304, which is higher than the $33,076 average annual salary of a data processor.

The top three skills for a statement processor include bank statements, financial statements and computer system. The most important skills for a data processor are computer database, data processing, and financial data.

Statement processor vs data processor overview

	Statement Processor	Data Processor
Yearly salary	$63,304	$33,076
Hourly rate	$30.43	$15.90
Growth rate	-3%	-
Number of jobs	6,101	92,954
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 40%
Average age	46	44
Years of experience	12	2

Statement processor vs data processor salary

Statement processors and data processors have different pay scales, as shown below.

	Statement Processor	Data Processor
Average salary	$63,304	$33,076
Salary range	Between $39,000 And $102,000	Between $26,000 And $40,000
Highest paying City	-	Los Angeles, CA
Highest paying state	-	Alaska
Best paying company	-	AECOM
Best paying industry	-	Technology

Differences between statement processor and data processor education

There are a few differences between a statement processor and a data processor in terms of educational background:

	Statement Processor	Data Processor
Most common degree	Bachelor's Degree, 31%	Bachelor's Degree, 40%
Most common major	Business	Business
Most common college	Stanford University	-

Statement processor vs data processor demographics

Here are the differences between statement processors' and data processors' demographics:

	Statement Processor	Data Processor
Average age	46	44
Gender ratio	Male, 40.6% Female, 59.4%	Male, 31.2% Female, 68.8%
Race ratio	Black or African American, 10.0% Unknown, 4.5% Hispanic or Latino, 18.9% Asian, 7.4% White, 58.2% American Indian and Alaska Native, 1.0%	Black or African American, 9.9% Unknown, 4.2% Hispanic or Latino, 20.7% Asian, 8.5% White, 56.1% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	5%

Differences between statement processor and data processor duties and responsibilities

Statement processor example responsibilities.

Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
Sort incoming USPS and interoffice mail.
Respond to mortgage lenders and taxing agency jurisdictions by utilizing effective verbal and written communication in a prompt and accurate manner.
Verify the accuracy of the loan documents to the prepared HUD.
Recognize for being proficient in thinking outside the box for satisfactory documentation to clear underwriting conditions and RESPA regulations.

Data processor example responsibilities.

Manage and prepare pharmaceutical records for multiple FDA audits.
Research the CPT coding manual and edit reference codes from CMS.
Utilize knowledge of diagnosis codes and CPT codes to prevent denial of claim.
Process Medicare and Medicaid papers.
Enter data information about insurance claims for Medicaid.
Demonstrate understanding of HIPAA laws and ability to maintain confidentiality.

Statement processor vs data processor skills

Common statement processor skills

Bank Statements, 34%
Financial Statements, 29%
Computer System, 25%
Account Numbers, 12%

Common data processor skills

Computer Database, 18%
Data Processing, 16%
Financial Data, 5%
Data Entry, 5%
Computer System, 5%
QC, 5%