Billing System Analyst Responsibilities

A billing system analyst is a person who assists in the firm's expense accounting and is responsible for compiling data, preparing invoices, obtaining billing approvals, calculating incoming fee dues, recording the transactions, billing the supervisors, etc. The analyst is also involved in computing fees and charges, calculating rates for goods, and shipping of goods. He also maintains the journal entries in regards to the income of the firm. Before knowing the billing system analyst responsibilities, let us take a look at different billing analyst positions.

• Billing Supervisor: He is responsible for generating monthly project reports, client invoices, project accounting, client requests, and project management.

• Billing Officer: He is responsible for generating and verifying the bills, preparing itemized statements, reviewing documents, performing book keeping work, resolving discrepancies in accounting records, and relaying account information.

• Posting and Calculating Machine Operators: They are responsible for operating machines that automatically perform mathematical processes, operating special billing machines, preparing statements, operating bookkeeping machines, and compile records of transactions.

• Banking Clerks: These employees are responsible for tally accounts, detect discrepancies in finances, provide good service to customers, train newly recruited staff, and promote the bank they work.

Job Responsibilities

Following are some of the common job responsibilities of the billing system analyst:

• Verifying the accuracy of billing details and revise for any errors
• Operating the billing machines
• Performing bookkeeping work and maintaining the cost of goods
• Supervising the central billing staff
• Training the new employees and teaching them the billing fundamentals
• Documenting daily, monthly, and annual billing reports
• Preparing quarterly commission reports
• Resolving and coordinating the sales tax issues
• Reviewing the purchase orders, charge slips, sales tickets, hospital records, etc.
• Compiling the cost factor reports for labor, equipments, production, storage, etc.
• Updating the manuals after the amendments of rates or rules
• Keeping track of invoice and support documents

Educational Requirements

A billing system analyst requires a career background in the field of economics, accounting, or the clerical branch. The educational requirements for a billing analyst depend upon the job profile he is working on. The billing supervisor, billing officer, posting and calculating machine operators, and the banking clerks have different educational requirements. However, they must be good in mathematical calculations and have a degree in accounts. The basic educational requirement for a billing system analyst is a bachelor's degree in accounting or economics. A master's degree in accounting or economics along with two to four years of banking experience is the best qualification for the billing system analyst job. The billing system analyst must also have a good knowledge of various computer softwares.

Employment Outlook

According to various career experts, the billing system analyst field as a career is going to reach its top by 2018. It is estimated to grow by fifteen to nineteen percent with a rapid job opportunity in the health care industry. The billing system analysts are also going to boom in the field of information technology, providing various big career opportunities in the billing department there. Although the automated billing programs have reduced the need of billing analysts, we can still expect a job growth in the field of health care.

Salary

The average salary of a billing analyst in the range of $30,000 to $35,000 and may vary with respect to the job profile and industry the employee is working in. The freshers or the entry level applicants are offered an average salary of $22,250, whereas the experienced candidates may receive an average salary of $46,000. The salary of a billing system analyst also depends upon his qualification, knowledge, and the industry he is working in. The above details may differ according to the industry, job profile, and the geographical location of the employee.

The billing system analyst is one of the blooming career opportunities for the students of accounting and economics. The above mentioned billing system analyst responsibilities and details will help you to understand the job profile in detail and further help you in planning your career path.