Billing Analyst Salary
|Salary||$37,912 - $64,237|
|Bonus||$747 - $5,575|
|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).)
|$32,469 - $63,342|
|Hourly Rate||$13.29 - $25.02|
|Overtime||$21.64 - $39.11|
|Bonus||$747 - $5,575|
|Total Pay (||$32,469 - $63,342|
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. (Copyright 2017 PayScale.com)
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
Billing Analysts might see a strong upturn in salary after transitioning into upper-level roles such as Financial Analyst, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $55K per year. More often than not, a Billing Manager role is the next step for Billing Analysts moving up in the field. Billing Managers usually make $46K per year. Many other Billing Analysts choose to take on a Billing Supervisor role, where salaries are typically $42K.
Billing Analyst Job Listings
Popular Employer Salaries for Billing Analyst
For Billing Analysts, comfortable salaries can be found at Verizon Communications, Inc.; in fact, median earnings sit around $47K, the highest in the area.
Popular Skills for Billing Analyst
Survey results imply that Billing Analysts put a diverse skill set 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 20 percent. Skills that pay less than market rate include Accounting, Data Entry, and Microsoft Office. Most people familiar with Billing also know Data Analysis.
Pay by Experience Level for Billing Analyst
Pay by Experience for a Billing Analyst has a positive trend. An entry-level Billing Analyst with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 316 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Billing Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $49,000 based on 152 salaries. An experienced Billing Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $51,000 based on 159 salaries. A Billing Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $51,000 based on 52 salaries.
Pay Difference by Location
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