Billing Analyst Salary
|Salary||$36,108 - $63,921|
|Bonus||$824 - $6,679|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$32,413 - $63,123|
|Hourly Rate||$13.42 - $25.02|
|Overtime||$21.01 - $39.32|
|Bonus||$824 - $6,679|
|Total Pay (||$32,413 - $63,123|
Job Description for Billing Analyst
Billing analysts work in accounting offices, ensuring that invoices and other financial documents are processed appropriately. The billing analyst holds an entry-level accounting position in most employers’ accounting offices. Billing analysts write invoices, get approval for billing, calculate fees that are due, and generally track the accuracy of all billing and invoicing records. This requires extracting financial information from incoming and outgoing billing documents for entry in record-keeping software.Read More...
Billing analysts also have a reporting and communication component to their jobs. They must project income figures and compose reports containing this information for higher-ups. At the end of an accounting cycle, they prepare statements for customers. They also audit customer accounts and communicate any resulting information as necessary. Billing analysts generally work in an office setting during regular business hours.
A bachelor’s degrees in accounting, finance, or a related field is generally required for this position. Employers may require experience in a similar role, as well as relevant certifications. Billing analysts must have a strong knowledge of accounting and financial analysis, and they must be able to adhere to organizational guidelines while working independently. Organizational skills are also important, as billing analysts typically work with many different client accounts. Communication skills are also vital for these analysts to explain relevant billing concepts to clients and non-accounting colleagues effectively.
Billing Analyst Tasks
- Calculate the amount customers owe the company and prepare billing statements.
- Generate financial and billing reports according to company guidelines.
- Keep updated records of financial transactions and customer account status.
- Review billing reports to ensure accuracy and resolve any errors.
Common Career Paths for Billing Analyst
Advancing into a Financial Analyst role seems to be a popular career move for Billing Analysts, and folks who currently work in the latter position report a notably larger median income of $55K per year. With an annual salary of $46K, Billing Manager is the most common role for Billing Analysts to subsequently assume on their way up the ladder. Transitioning into a Billing Supervisor role — which usually pays $42K — is also typical for Billing Analysts, though less common by comparison.
Billing Analyst Job Listings
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Popular Employer Salaries for Billing Analyst
Verizon Communications, Inc. attracts talent by shelling out the biggest paychecks in the area — the median in that office is $47K.
Popular Skills for Billing Analyst
Survey results suggest that Billing Analysts put a wide range of professional skills to use. Most notably, skills in SQL, Financial Analysis, Data Analysis, and Microsoft Excel are correlated to pay that is above average, with boosts between 3 percent and 19 percent. Skills that are correlated to lower pay, on the other hand, include Accounting, Data Entry, and Microsoft Office. Most people skilled in Billing are similarly competent in Data Analysis.
Pay by Experience Level for Billing Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Billing Analysts with a lot of experience do not necessarily enjoy more money. Although individuals who have less than five years' experience earn $42K on average, people with five to 10 years benefit from a notably larger average of $48K. For Billing Analysts, 10 to 20 years of experience on the job amounts to an average salary of $51K. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.
Pay Difference by Location
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Key Stats for Billing Analyst
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