Post job

Transactional specialist vs resolution specialist

The differences between transactional specialists and resolution specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a transactional specialist and a resolution specialist. Additionally, a transactional specialist has an average salary of $64,483, which is higher than the $38,984 average annual salary of a resolution specialist.

The top three skills for a transactional specialist include real estate, customer relationships and customer satisfaction. The most important skills for a resolution specialist are patients, phone calls, and appeals.

Transactional specialist vs resolution specialist overview

Transactional SpecialistResolution Specialist
Yearly salary$64,483$38,984
Hourly rate$31.00$18.74
Growth rate-4%-4%
Number of jobs41,351152,590
Job satisfaction--
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 45%
Average age4040
Years of experience1212

What does a transactional specialist do?

A Transactional Specialist is someone who is in charge of all transactions that take place in a business organization. First of all, he/she is required to process all requests from customers, both online and offline, in an orderly and timely manner. Also, he/she uses all sales tools at his/her reach to drive an increase in profit and to exceed all of the department's goals. As a Transactional Specialist, your task may also include the establishment and monitoring of internal controls and policies to ensure thorough compliance with GAAP and other requirements.

What does a resolution specialist do?

A Resolution Specialist is responsible for investigating claims and analyzing supporting documents to resolve complaints. Resolution Specialists may work for clients' disputes or employee relations, requiring them to have extensive knowledge of labor laws and regulatory policies. They conduct cross-examinations, administer negotiations, and discuss processes with the clients for high-level violations. A Resolution Specialist must have excellent communication and organizational skills, especially in representing the client and the company and coming up with the resolution that would work for both's best interests.

Transactional specialist vs resolution specialist salary

Transactional specialists and resolution specialists have different pay scales, as shown below.

Transactional SpecialistResolution Specialist
Average salary$64,483$38,984
Salary rangeBetween $39,000 And $105,000Between $26,000 And $57,000
Highest paying CityJersey City, NJEwing, NJ
Highest paying stateNew JerseyConnecticut
Best paying companyAppleIBM
Best paying industry-Finance

Differences between transactional specialist and resolution specialist education

There are a few differences between a transactional specialist and a resolution specialist in terms of educational background:

Transactional SpecialistResolution Specialist
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 45%
Most common majorBusinessBusiness
Most common college--

Transactional specialist vs resolution specialist demographics

Here are the differences between transactional specialists' and resolution specialists' demographics:

Transactional SpecialistResolution Specialist
Average age4040
Gender ratioMale, 31.8% Female, 68.2%Male, 36.8% Female, 63.2%
Race ratioBlack or African American, 11.2% Unknown, 5.0% Hispanic or Latino, 20.1% Asian, 7.9% White, 55.2% American Indian and Alaska Native, 0.6%Black or African American, 11.4% Unknown, 5.3% Hispanic or Latino, 19.7% Asian, 7.0% White, 55.8% American Indian and Alaska Native, 0.7%
LGBT Percentage7%7%

Differences between transactional specialist and resolution specialist duties and responsibilities

Transactional specialist example responsibilities.

  • Manage A/R and financial functions for large automotive global account, generating annual revenues in excess of $100M/contract year.
  • Provide support to internal departments on ACH issues.
  • Develop spreadsheets for GL accounts; write balancing procedures for both ATM GL's including the weekly statement account balancing.
  • Identify cross-sell opportunities during customer interaction.
  • Serve as ATM custodian and commercial depository custodian.
  • Maintain patient confidentiality while ensuring any release of information requests are HIPAA compliant.
  • Show more

Resolution specialist example responsibilities.

  • Used software tools including: microsoft excel, powerpoint, outlook.
  • Provide members with accurate and appropriate information to answer questions, troubleshoot issues, and resolve member complaints.
  • Respond to service inquiries regarding existing deposit accounts, ATM and debit cards, consumer loans and eCommerce applications.
  • Contribute written materials and course content for exercises to NADL training and content to PowerPoint presentations as subject matter expert.
  • Analyze, troubleshoot, and resolve complex software, hardware, and networking issues for small and large business owners.
  • Contact federal (Medicare, TRICARE), state (Medicaid), and private health insurance companies for lien information.
  • Show more

Transactional specialist vs resolution specialist skills

Common transactional specialist skills
  • Real Estate, 12%
  • Customer Relationships, 9%
  • Customer Satisfaction, 8%
  • Cash Flow Analysis, 8%
  • Cash Handling, 7%
  • Financial Analysis, 7%
Common resolution specialist skills
  • Patients, 15%
  • Phone Calls, 7%
  • Appeals, 6%
  • CPT, 5%
  • Inbound Calls, 4%
  • PowerPoint, 4%

Browse office and administrative jobs