Billing Coordinator Salary
Job Description for Billing Coordinator
A billing coordinator deals with accounts payable for a company, overseeing all invoicing of customers and clients. Depending on the organization, this may be a supervisory role; in smaller companies, the billing coordinator may be the only person who handles this function.Read More...
The main function of this position is reviewing all documentation for goods or services provided and giving the customer a clear, itemized bill in a timely fashion. The coordinator must be organized and well-versed in their company’s offerings. They review all invoices or bills that leave the business to ensure their accuracy and minimize negative customer feedback. The coordinator must follow all company billing procedures to make sure that sent bills and invoices are noted and tracked. The coordinator also work with accounts receivable to clear outstanding invoices or bills as they are paid. Individuals in this position normally work during regular business hours in an office environment.
In some situations, the only education requirement for his position is a high school diploma ore equivalent. In larger companies (and especially when the billing coordinator is a supervisory position), a bachelor's degree in finance, accounting, or a related field may be preferred. For a supervisory role, a billing coordinator may be promoted from the accounts payable department. Because of the data entry involved in this position, computer fluency and comfort is a must. Additionally, companies that offer a specialized variety of goods or services may look for a billing coordinator who has previous experience in their industry.
Billing Coordinator Tasks
- Ensure accuracy and completeness of billing information.
- Create and process documentation related to billing.
- Oversee billing process and work with others to resolve issues.
Common Career Paths for Billing Coordinator
For Billing Coordinators, progressing to a Financial Analyst role may result in a significant raise. On average, a Financial Analyst can earn $55K annually. Billing Coordinators typically move into roles as Billing Managers or Billing Supervisors, and those positions pay $9K more and $5K more, respectively.
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Popular Employer Salaries for Billing Coordinator
Billing Coordinators seeking a sizable paycheck can earn the most at University of Texas Southwestern Medical Center at Dallas, where the average salary comes to $43K.
Popular Skills for Billing Coordinator
Survey results imply that Billing Coordinators deploy a substantial tool kit of skills at work. Most notably, skills in Financial Analysis, Collections, Insurance, and Accounting are correlated to pay that is above average, with boosts between 7 percent and 12 percent. Skills that seem to negatively impact pay include Customer Service, Medical Coding, and Medicaid & Medicare Billing. Those proficient in Accounts Receivable are, more often than not, also skilled in Microsoft Excel and Medicaid & Medicare Billing.
Pay by Experience Level for Billing Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Billing Coordinators with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Respondents with less than five years' experience take home $34K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $38K. Billing Coordinators see a median salary of $42K after reaching one to two decades on the job. Billing Coordinators who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $45K.
Pay Difference by Location
Surpassing the national average by 43 percent, Billing Coordinators in Los Angeles receive some of the highest pay in the country. Billing Coordinators will also find cushy salaries in New York (+29 percent), Boston (+24 percent), Tampa (+24 percent), and Dallas (+18 percent). The lowest-paying market is St. Louis, which sits 13 percent below the national average.
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