CompGeo Salary Survey Benchmark Job Summary and Competencies

Billing, Cost, and Rate Clerks

Billing, Cost, and Rate Clerks

The Benchmark Job Description below represents the specific Position Characteristics of the job used in the Salary Survey. Benchmark Job Descriptions should be inspected carefully to review the degree of matching between an organizations' Job and the Salary Survey Benchmark. Matching internal Jobs to Salary Survey Benchmark Jobs should not be done on Job Title alone. A thorough comparison of Salary Survey Benchmark to Internal Job Descriptions is recommended. A good overlap should exist on any comparisons used on critical Job Dimensions and Competencies.
 
CompGeo Occupation Group: Finance
Job Family: Accounting
Benchmark Title: Billing, Cost, and Rate Clerks
 
Summary Job Description Tasks
Compile data, compute fees and charges, and prepare invoices for billing purposes. Duties include computing costs and calculating rates for goods, services, and shipment of goods; posting data; and keeping other relevant records. May involve use of computer or typewriter, calculator, and adding and bookkeeping machines. Billing and rate clerks, commonly called billing clerks, compile records of charges for services rendered or goods sold, calculate and record the amounts of these services and goods, and prepare invoices to be mailed to customers. Billing and rate clerks review purchase orders, sales tickets, hospital records, or charge slips to calculate the total amount due from a customer. They must take into account any applicable discounts, special rates, or credit terms. A billing clerk for a trucking company often needs to consult a rate book to determine shipping costs of machine parts, for example. A hospitals billing clerk may need to contact an insurance company to determine what items will be reimbursed and for how much. In accounting, law, consulting, and similar firms, billing clerks calculate client fees based on the actual time required to perform the task.
 
Verify accuracy of billing data and revise any errors.
 
Operate typing, adding, calculating, or billing machines.
 
Prepare itemized statements, bills, or invoices, recording amounts due for items purchased or services rendered.
 
Review documents such as purchase orders, sales tickets, charge slips, or hospital records to compute fees and charges due.
 
Perform bookkeeping work, including posting data and keeping other records concerning costs of goods and services and the shipment of goods.
 
Keep records of invoices and support documents.
 
Resolve discrepancies in accounting records.
 
Type billing documents, shipping labels, credit memorandums, and credit forms, using typewriters or computers.
 
Contact customers to obtain or relay account information.
 
Compute credit terms, discounts, shipment charges, and rates for goods and services to complete billing documents.
 
Answer mail and telephone inquiries regarding rates, routing, and procedures.
 
Track accumulated hours and dollar amounts charged to each client job in order to calculate client fees for professional services such as legal and accounting services.
 
Review compiled data on operating costs and revenues to set rates.
 
Compile reports of cost factors, such as labor, production, storage, and equipment.
 
Consult sources such as rate books, manuals, and insurance company representatives in order to determine specific charges and information such as rules, regulations, and government tax and tariff information.
 
Update manuals when rates, rules, or regulations are amended.
 
Estimate market value of products or services.
 
 
CompGeo Occupation Group: Finance
Job Family: Accounting
Benchmark Title: Billing, Cost, and Rate Clerks
 
Important Knowledge Competencies Competency Description
Clerical Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
 
English Language Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
 
Mathematics Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
 
Customer and Personal Service Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
 
Computers and Electronics Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
 
 
CompGeo Occupation Group: Finance
Job Family: Accounting
Benchmark Title: Billing, Cost, and Rate Clerks
 
Important Skill Competencies Competency Description
Active Listening Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
 
Reading Comprehension Understanding written sentences and paragraphs in work related documents.
 
Speaking Talking to others to convey information effectively.
 
Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
 
Social Perceptiveness Being aware of others' reactions and understanding why they react as they do.
 
Time Management Managing one's own time and the time of others.
 
Monitoring Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
 
Writing Communicating effectively in writing as appropriate for the needs of the audience.
 
Service Orientation Actively looking for ways to help people.
 
Complex Problem Solving Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
 
Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.
 
Mathematics Using mathematics to solve problems.
 
Active Learning Understanding the implications of new information for both current and future problem-solving and decision-making.
 
Coordination Adjusting actions in relation to others' actions.
 
Persuasion Persuading others to change their minds or behavior.
 
 
CompGeo Occupation Group: Finance
Job Family: Accounting
Benchmark Title: Billing, Cost, and Rate Clerks
 
Important Ability Competencies Competency Description
Oral Comprehension The ability to listen to and understand information and ideas presented through spoken words and sentences.
 
Oral Expression The ability to communicate information and ideas in speaking so others will understand.
 
Speech Recognition The ability to identify and understand the speech of another person.
 
Speech Clarity The ability to speak clearly so others can understand you.
 
Problem Sensitivity The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
 
Deductive Reasoning The ability to apply general rules to specific problems to produce answers that make sense.
 
Written Comprehension The ability to read and understand information and ideas presented in writing.
 
Inductive Reasoning The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
 
Information Ordering The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
 
Near Vision The ability to see details at close range (within a few feet of the observer).
 
Category Flexibility The ability to generate or use different sets of rules for combining or grouping things in different ways.
 
Mathematical Reasoning The ability to choose the right mathematical methods or formulas to solve a problem.
 
Number Facility The ability to add, subtract, multiply, or divide quickly and correctly.
 
Written Expression The ability to communicate information and ideas in writing so others will understand.
 
Selective Attention The ability to concentrate on a task over a period of time without being distracted.
 
Perceptual Speed The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
 
Flexibility of Closure The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
 
 
CompGeo Occupation Group: Finance
Job Family: Accounting
Benchmark Title: Billing, Cost, and Rate Clerks
 
Prerequisite Qualification Category Education and Experience Level
On-Site or In-Plant Training Up to and including 1 month
 
Required Level of Education High School Diploma (or GED or High School Equivalence Certificate)
 
Related Work Experience Over 1 year, up to and including 2 years
 
On-the-Job Training Over 1 month, up to and including 3 months
 
 
CompGeo Occupation Group: Finance
Job Family: Accounting
Benchmark Title: Billing, Cost, and Rate Clerks
 
Alternate Job Title(s)
Accountant
Accounting Assistant
Accounting Clerk
Accounts Manager
Accounts Payable Clerk
Accounts Payable Specialist
Accounts Receivable Clerk
Accounts Receivable Specialist
Administrative Assistant
Bill Checker
Bill Clerk
Bill of Lading Clerk
Biller
Billing Analyst
Billing Clerk
Billing Clerk
Billing Control Clerk
Billing Coordinator
Billing Manager
Billing Specialist
Billing Typist
Billing and Accounting Staff Assistant
COD Clerk (Cash On Delivery Clerk)
Certified Coding Specialist
Clerk
Contract Administrator
Cost Recorder
Demurrage Agent
Demurrage Clerk
Demurrage Worker
Deposit Clerk
Deposit Refund Clerk
Dispatcher
Documentation Billing Clerk
Estimate Clerk
Evaluator
Fee Clerk
Foreign Clerk
Freight Rate Analyst
Freight Rate Clerk
Freight Rate Specialist
Insurance Clerk
Insurance Coder
Insurance Rater
Interline Clerk
Invoice Checker
Invoice Clerk
Invoice Clerk
Invoice Control Clerk
Invoice Control Clerk
Laundry Pricing Clerk
Medical Biller
Medical Billing Clerk
Medical Billing Coder
Medical Billing Specialist
Medical Billing and Coding Specialist
Medical Coder
Medical Coding Specialist
Medical Insurance Biller
Medical Insurance Clerk
Medical Insurance Coder
Medical Reimbursement Specialist
Medical Voucher Clerk
Message and Delivery Service Pricer
Office Manager
Order Entry Clerk
Patient Account Representative
Patient Accounts Representative
Patient Financial Representative
Patient Service Representative
Personal Property Assessor
Policy Value Calculator
Posting Clerk
Price Lister
Pricer
Pricing Clerk
Rate Clerk
Rate Examiner
Rate Marker
Rate Reviewer
Rate Setter
Rater
Rating Clerk
Rating Examiner
Receipt and Report Clerk
Reconciliation Clerk
Revising Clerk
Sample Clerk
Secretary
Securities Clerk
Services Clerk
Settlement Clerk
Spot Billing Clerk
Statement Clerk
Statement Distribution Clerk
Statement Processor
Tax Clerk
Telegraph Service Rater
Toll Settlement Clerk
Toll Ticket Clerk
Tonnage Compilation Clerk
Traffic Rate Clerk
Traffic Rate Computer
Voucher Clerk
Wharfinger
Yard Demurrage Clerk
 
CompGeo Occupation Group: Finance
Job Family: Accounting
Benchmark Title: Billing, Cost, and Rate Clerks
 
 
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