What does a Billing Specialist V do?

You can find a Billing Specialist across a wide variety of industries. Almost every medium to large sized corporations requires a Billing Specialist to secure revenue through the billing process. This process consists of identifying outstanding accounts, generating invoices, delivering them via various means, collecting incoming payments via a wide range of payment options, properly logging payment and balancing the books.

While there are no specific education requirements to become a Billing Specialist, almost all employers will expect a High School Diploma with at least some college education. Larger companies will require a degree in business, finance, accounting or similar field. As this is a job dealing with a company's cash flow, attention to detail with experience is paramount.

What responsibilities are common for Billing Specialist V jobs?
  • Utilize accounting software to identify outstanding accounts
  • Generate bills and invoices specific to customer accounts
  • Deliver invoices to clients via digital and traditional mail services
  • Process all payment using various pay services
  • Reconcile all payment with account
  • Send delinquent accounts to the collections department
  • Generate monthly and quarterly reports
  • Delegate duties when necessary to subordinate staff
What are the typical qualifications for Billing Specialist V jobs?
  • Some college education (degree preferred)
  • 5+ years in a billing department roll
  • Understanding of accounting software such as Quickbooks
  • Strong computational skills
  • An extreme attention to detail
  • Ability to be productive without oversight
  • Excellent interpersonal skills
  • Robust written and communication skill set
  • Basic understanding of office software and machinery
Education--
Work/Life Balance
3.5 ★
Salary Range--
Career Opportunity
3.3 ★
Avg. Experience2-4 years

Billing Specialist Salaries

Average Base Pay

$46,926 /yr
Same as national average
Not including cash compensation
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$36K
Median: $47K
$60K
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Glassdoor Estimated Salary

Billing Specialist V Career Path

Learn how to become a Billing Specialist V, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L4
Team Lead Billing Specialist
$50,877/yr
L5
L5

Average Years of Experience

0 - 1
50%
2 - 4
50%
5 - 7
0%
8+
0%
Not including years spent in education and/or training
See Career Path

Billing Specialist V Insights

Read what Billing Specialist V professionals have to say about their job experiences and view top companies for this career.
The Guthrie ClinicThe Guthrie Clinic
AR Medical Billing Specialist
Mar 9, 2022

“I am very thankful I found such a great fit in a career and employer.”

eClinicalWorkseClinicalWorks
Billing Specialist
Feb 12, 2020

“My manager was very nice and left me to do my work with minimal intrusion.”

Blackstone Medical ServicesBlackstone Medical Services
Billing Specialist
Sept 1, 2020

“Their "training" program is utter nonsense and I almost walked away on my first day because of it.”

alliantgroup, LPalliantgroup, LP
Billing Associate
Aug 4, 2021

“Its a good opportunity to get your foot in the door and start your career.”

Mindful Therapy GroupMindful Therapy Group
Billing Specialist
Sept 25, 2020

“They have done such a great job setting up each employee to grow and succeed within Mindful Support Services.”

WalmartWalmart
Resolution Coordinator
May 4, 2022

“Reasonable access to accommodations and resources... or so this is what we were told during training.”

SpectrumSpectrum
Billing Specialist
Mar 4, 2021

“The training seems great until you get on the floor and realize just how much you didn't learn.”

Wells FargoWells Fargo
Account Resolution Specialist II
Aug 15, 2021

“You must stay in your position for one year so this limits career growth and opportunity.”

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Billing Specialist V Interviews

Frequently asked questions about the role and responsibilities of a Billing Specialist V

The most similar professions to Billing Specialist V are:
  • Accounts Receivable Specialist
  • Accountant
  • Accounting Manager
  • Cost Accountant

Related Careers

Accounts Receivable Specialist
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Accountant
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Accounting Manager
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Cost Accountant
$71,069
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Billing Specialist V jobs