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.
Transactional specialist responsibilities
Here are examples of responsibilities from real transactional specialist resumes:
- 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.
- Maintain confidentiality of patient diagnostic and treatment information with focus on HIPAA guidelines.
- Administer trained techniques' to successfully troubleshoot a viable solution while providing excellent customer service.
- Balance and reconcile contribution information and initiate ACH authorizations as well as balanced checks to contribution ledgers.
- Perform office cost analyses with surgical patients base on individual insurance for schedule procedure in accordance with government policies and guidelines.
- Identify customer needs, maintains extensive knowledge of products and services, cross-sells, opens new accounts and calls on prospects.
- Analyze and consult with governments regarding effective use of GASB and GAAP standards in diverse accounting and ERP systems.
- Establish, implement and monitor internal controls and policies to ensure conformance and compliance with GAAP and other regulatory requirements.
Transactional specialist skills and personality traits
We calculated that 12% of Transactional Specialists are proficient in Real Estate, Customer Relationships, and Customer Satisfaction. They’re also known for soft skills such as Communication skills, Computer skills, and Interpersonal skills.
We break down the percentage of Transactional Specialists that have these skills listed on their resume here:
- Real Estate, 12%
Supported the corporate analysts of the strategic transaction team within the legal department focusing on corporate real estate and global finance.
- Customer Relationships, 9%
Developed and maintained quality customer relationships.
- Customer Satisfaction, 8%
Conduct internal quality assurance and adapt secret shopper methods to assure branches are at optimal customer satisfaction.
- Cash Flow Analysis, 8%
Provided transactional financial analysis support; including cash flow analysis for projects up to $6M.
- Cash Handling, 7%
Managed approvals, account balancing and cash handling 100k+.
- Financial Analysis, 7%
Promoted from financial analysis to commercial business development.
"real estate," "customer relationships," and "customer satisfaction" are among the most common skills that transactional specialists use at work. You can find even more transactional specialist responsibilities below, including:
Communication skills. The most essential soft skill for a transactional specialist to carry out their responsibilities is communication skills. This skill is important for the role because "customer service representatives must be able to provide clear information in writing, by phone, or in person." Additionally, a transactional specialist resume shows how their duties depend on communication skills: "improved communication skills through excellent customer service. "
Interpersonal skills. This is an important skill for transactional specialists to perform their duties. For an example of how transactional specialist responsibilities depend on this skill, consider that "representatives should be able to create positive interactions with customers." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a transactional specialist: "managed interpersonal relationships between the company, patients, and worker's compensation insurance companies. ".
Patience. A big part of what transactional specialists do relies on "patience." You can see how essential it is to transactional specialist responsibilities because "representatives should be patient and polite, especially when interacting with dissatisfied customers." Here's an example of how this skill is used from a resume that represents typical transactional specialist tasks: "combine patience, determination, and persistence to troubleshoot utility department issues by contacting vendors daily. "
Listening skills. Another crucial skill for a transactional specialist to carry out their responsibilities is "listening skills." A big part of what transactional specialists relies on this skill, since "representatives must listen carefully to ensure that they understand customers in order to assist them." How this skill relates to transactional specialist duties can be seen in an example from a transactional specialist resume snippet: "communicated information to customers with confident comprehension of bank products and policies. "
Problem-solving skills. Another skill commonly found on transactional specialist job descriptions is "problem-solving skills." It can come up quite often in transactional specialist duties, since "representatives must determine solutions to customers’ problems." Here's an example from a resume of how this skill fits into day-to-day transactional specialist responsibilities: "resolved customer complaints, billing questions and escalated calls. "
The three companies that hire the most transactional specialists are:
- JPMorgan Chase & Co.101 transactional specialists jobs
- J.P. Morgan22 transactional specialists jobs
- CBRE Group6 transactional specialists jobs
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Transactional specialist vs. Client care specialist
Client care specialists are employees who manage a company's 24/7 hotline number. Most customer care specialists have call center experience before achieving their positions. This way, they know how to personalize the way they handle different types of clients. They can also impart firsthand knowledge to new call center employees about the job. Their usual responsibilities revolve around presenting the weekly and monthly reports on the teams' performances to the management, documenting customer interactions, reviewing customer complaints and taking appropriate actions, and being updated on their product.
While similarities exist, there are also some differences between transactional specialists and client care specialist. For instance, transactional specialist responsibilities require skills such as "real estate," "customer relationships," "cash flow analysis," and "cash handling." Whereas a client care specialist is skilled in "client care," "pet," "patients," and "scheduling appointments." This is part of what separates the two careers.
Client care specialists tend to reach similar levels of education than transactional specialists. In fact, client care specialists are 2.5% less likely to graduate with a Master's Degree and 1.0% less likely to have a Doctoral Degree.Transactional specialist vs. Customer care specialist
A customer care specialist is responsible for assisting the customers with their inquiries and concerns regarding the goods and services offered by the organization. A customer care specialist must be detail-oriented, as well as have excellent communication and time-management skills in responding to the customers' needs while documenting the processes on a specific computer program. Customer care specialists are responsible for processing payments, replacing defective items, and initiating refunds as needed. They must resolve complaints accurately and efficiently to ensure customer satisfaction to keep a good reputation for the organization.
In addition to the difference in salary, there are some other key differences worth noting. For example, transactional specialist responsibilities are more likely to require skills like "real estate," "customer relationships," "cash flow analysis," and "cash handling." Meanwhile, a customer care specialist has duties that require skills in areas such as "customer care," "troubleshoot," "inbound phone calls," and "customer support." These differences highlight just how different the day-to-day in each role looks.
In general, customer care specialists achieve similar levels of education than transactional specialists. They're 2.9% less likely to obtain a Master's Degree while being 1.0% less likely to earn a Doctoral Degree.Transactional specialist vs. Customer specialist
A customer specialist is responsible for assisting customers with their needs and concerns about the products and services offered by the company, addressing their inquiries timely and accurately. Customer specialists evaluate the customers' issues and provide immediate solutions through remote communication. In some cases, a customer specialist may send technical staff to the customer's location for problems that cannot be resolved over the phone or e-mail. They also take orders from the customers, process their payments, and explain the features and functions of the product.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a transactional specialist is likely to be skilled in "real estate," "customer relationships," "cash flow analysis," and "cash handling," while a typical customer specialist is skilled in "client facing," "phone calls," "customer loyalty," and "related training."
Customer specialists typically earn similar educational levels compared to transactional specialists. Specifically, they're 1.7% less likely to graduate with a Master's Degree, and 1.1% less likely to earn a Doctoral Degree.Transactional specialist vs. Call center specialist
A call center specialist is responsible for providing the customers with the highest quality service by responding to their inquiries and concerns and resolving their complaints. Call center specialists assist the customers in taking their orders, processing payments, and verifying transaction details. They may also sell new goods and services to the customers according to their needs and budget limitations to generate more revenue resources for the business and enhance the brand's image. A call center specialist must have excellent communication and computer skills to navigate databases and update customer's information accurately.
Updated January 8, 2025











