Billing, Cost, and Rate Clerks

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About the Job

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.

It is also Called

  • Accountant
  • Accounting Assistant
  • Accounting Clerk
  • Accounts Manager
  • Accounts Payable Clerk
  • Accounts Payable Specialist
  • Accounts Receivable Clerk
  • Accounts Receivable Specialist
  • Administrative Assistant
  • Bill Checker

What They Do

  • Estimate market value of products or services.
  • Update manuals when rates, rules, or regulations are amended.
  • Consult sources such as rate books, manuals, or insurance company representatives to determine specific charges or information such as rules, regulations, or government tax and tariff information.
  • Compile reports of cost factors, such as labor, production, storage, or equipment.
  • Review compiled data on operating costs and revenues to set rates.
  • Track accumulated hours and dollar amounts charged to each client job to calculate client fees for professional services, such as legal or accounting services.
  • Answer mail or telephone inquiries regarding rates, routing, or procedures.
  • Compute credit terms, discounts, shipment charges, or rates for goods or services to complete billing documents.
  • Contact customers to obtain or relay account information.
  • Type billing documents, shipping labels, credit memorandums, or credit forms, using typewriters or computers.

Interests

People who work in this occupation generally have the interest code: CE.

This means people who work in this occupation generally have Conventional interests, but also prefer Enterprising environments.

Work Values

People who work in this occupation generally prize Relationships, but also value Support and Independence in their jobs.

Things They Need to Know

  • 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.

Things They Need to Be Able to Do

  • 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.
  • Speaking - Talking to others to convey information effectively.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • 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.

Education Required

Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree.

LMI Region

Wages

In 2012, the average annual wage in New Jersey was $37,720 with most people making between $26,520 and $51,070

Outlook

0.62%
avg. annual growth

During 2008, this occupation employed approximately 21,750 people in New Jersey. It is projected that there will be 23,100 employed in 2018.

This occupation will have about 135 openings due to growth and about 355 replacement openings for approximately 490 total annual openings.