How Much Do Billing Executive Make?
How much do billing executive make? Discover the average salary, base salary, and compensation for billing executive in the accounting & finance category. Learn about billing executive pay per hour, per week, per month, and per annum with detailed salary ranges from $45,000 to $70,000.
How Much Do Billing Executive Make? Complete Salary Guide
How much do billing executive make? This is one of the most common questions in career planning. Billing Executive in the Accounting & Finance field can expect to earn an average salary of $60,000 per year, with entry-level positions starting at $45,000 and experienced professionals earning up to $70,000 annually.
When breaking down the average salary of billing executive by time periods, billing executive typically make around $5,000 per month and approximately $1,153.846 per week. The basic salary of billing executive varies significantly based on experience level, location, and industry specialization. Entry-level billing executive typically start with a base salary of $45,000, while mid-career professionals earn an average of $70,000, and senior-level roles can command salaries exceeding $70,000.
The salary landscape for billing executive is influenced by several key factors including geographic location, years of experience, educational background, and specific industry demands. How much do billing executive make in a week? On average, this translates to approximately $1,153.846 per week. How much do billing executive make per annum? The annual salary range spans from $40,000 to $80,000, with the median salary sitting at $60,000. Additionally, many billing executive receive bonuses averaging $5,000 annually, representing approximately 15.75% of their base salary.
How Much Do Billing Executive Get Paid Per Annum? Billing Executive Salary
Annual salary data for billing executive across different experience levels, showing entry-level, mid-career, and experienced professional compensation ranges based on industry standards.
Entry Level Annual Salary
Mid-Career Annual Salary
Experienced Annual Salary
How Much Do Billing Executive Get Paid in a Month? Billing Executive Monthly Salary
Monthly salary breakdowns for billing executive at different career stages, providing practical budgeting insights and compensation expectations for financial planning.
Entry Level Monthly Salary
Mid-Career Monthly Salary
Experienced Monthly Salary
How Much Do Billing Executive Get Paid in Different Locations?
Geographic salary variations for billing executive across different cities and regions, including cost of living adjustments and regional market demand factors that impact compensation.
Billing Executive Salary Trends
Historical salary progression for billing executive over the past years, showing year-over-year compensation growth and market trends in the industry.
Billing Executive Salary Trends (2020 - 2025)
Bonus & Compensation Package
Additional compensation beyond base salary, including bonuses, commissions, and overtime opportunities that contribute to total annual earnings.
Bonus Percentage
of annual salary
Bonuses for Billing Executives are typically based on performance metrics, revenue targets, customer satisfaction, and overall company profitability.
Average Bonus
annually
Commission
A Billing Executive role often includes commission or incentive opportunities based on performance metrics, encouraging higher efficiency and accuracy in billing processes.
Overtime
Overtime pay for Billing Executives is often common, especially during peak periods or financial audits, as workload demands may exceed standard hours.
Employee Benefits Package
Comprehensive benefits and perks provided to employees, including health coverage, retirement plans, time off policies, and professional development opportunities.
Comprehensive Benefits
Typical benefits for a Billing Executive include health insurance, 401(k) retirement plans, paid time off (PTO), flexible work hours, performance bonuses, and professional development opportunities.
Billing Executive Job Overview
Comprehensive details about the billing executive role including daily responsibilities, work environment, physical demands, and key tasks that define this career path.
About This Role
A Billing Executive manages invoicing processes, ensuring accurate billing for services rendered. They handle customer inquiries regarding charges, resolve discrepancies, and maintain financial records. This role requires strong attention to detail, excellent communication skills, and proficiency in billing software to ensure timely payments and enhance customer satisfaction.
Primary Responsibilities
Invoice generation, payment processing, account reconciliation, customer query resolution, billing dispute management, financial reporting, data entry and maintenance, compliance with regulations, coordination with sales and finance teams, monitoring accounts receivable.
Day-to-Day Tasks
A Billing Executive manages invoices, processes payments, resolves billing discrepancies, communicates with clients about account statuses, prepares financial reports, and ensures compliance with company policies and regulations daily.
Work Environment
Office or Remote.
Billing Executives typically work in office environments, handling invoices and payments, often using computers and software for data management.
Physical Demands
Minimal
Billing Executives typically work in an office environment, requiring prolonged sitting, computer use, and occasional overtime during peak periods. Strong attention to detail is essential.
Billing Executive Requirements & Prerequisites
Essential qualifications and credentials needed to pursue a career as a billing executive, including educational background, certifications, and experience requirements.
Education
Typically, a High School diploma is required for a Billing Executive position.
Field: Accounting, Finance, Business Administration, Economics, Information Technology, Mathematics, Management, Communications.
Experience
3 years
Employers seek candidates with strong attention to detail, proficiency in billing software, excellent communication skills, financial acumen, and experience in accounts receivable management to ensure accurate invoicing and timely payments.
Certifications
Certified Professional Biller (CPB), Certified Medical Billing Specialist (CMBS), Certified Billing and Coding Specialist (CBCS), Certified Revenue Cycle Specialist (CRCS), Medical Billing Certification from AAPC or AHIMA, Health Insurance Portability and Accountability Act (HIPAA) training certification.
Required Skills
Attention to detail, strong communication skills, proficiency in billing software, problem-solving abilities, time management, customer service orientation, analytical skills, basic accounting knowledge.
Technical Skills
Soft Skills
Billing Executive Career Path
Professional progression opportunities for billing executive from entry-level to senior management, including typical career advancement timeline and role evolution.
Entry Level
Billing Clerk, Accounts Receivable Associate, Billing Specialist
Early-career Billing Executives manage invoicing processes, ensure accurate billing, resolve discrepancies, maintain client records, and support financial operations to enhance revenue collection efficiency.
Mid-Career
Billing Coordinator, Accounts Receivable Specialist, Billing Analyst
Mid-career Billing Executives manage invoicing processes, ensure accuracy, resolve discrepancies, oversee billing systems, maintain client relationships, and analyze financial data to optimize revenue.
Senior Management
Billing Manager, Revenue Cycle Director, Accounts Receivable Supervisor
Senior Billing Executives oversee billing operations, ensure compliance, manage financial reporting, optimize revenue cycles, lead teams, and implement strategies to enhance efficiency and customer satisfaction.
Career Progression Timeline
Timeline: 5 years
A Billing Executive typically advances to roles such as Senior Billing Specialist or Billing Manager, gaining expertise in financial processes and team leadership for increased responsibilities. Career growth often includes opportunities in finance management or related fields.
Billing Executive Industry & Growth
Market outlook and growth prospects for billing executive, including industry trends, job market demand, and factors influencing career opportunities and advancement.
Job Outlook
Stable
Projected: 2024–2034
Industry Trends
1. Increased Automation and AI Integration in Billing Processes, 2. Growing Demand for Data Analytics Skills in Financial Management, 3. Emphasis on Regulatory Compliance and Risk Management in Billing Operations.
Growth Factors
Rising healthcare costs, regulatory compliance needs, increased billing complexities, technology integration, and the growth of telemedicine drive demand for skilled Billing Executives.
Future Opportunities
Blockchain billing solutions, subscription-based models, AI-driven invoicing, telehealth services, renewable energy billing systems, and e-commerce payment integrations are emerging opportunities for Billing Executives.
Billing Executive Related Professions
Alternative career paths and similar roles for billing executive, including career transitions, related positions, and advancement opportunities within the field.
Similar Roles
Career Alternatives
Upgrade Paths
Related Entry Roles
Billing Executive Skills & Development
Essential skills and professional development resources for billing executive, including technical abilities, soft skills, recommended courses, and ongoing learning opportunities.
Technical Skills
Soft Skills Needed
Recommended Certifications
Recommended Courses
Development Resources
Training Timeline
Estimated training time
Frequently Asked Questions About Billing Executive Salary
Common questions and answers about pursuing a career as a billing executive, covering qualifications, salary expectations, career prospects, and practical career guidance.
What qualifications are needed to become a Billing Executive?
A degree in finance, accounting, or business administration is typically required.
What is the average salary of a Billing Executive?
The average salary ranges from $50,000 to $70,000 per year, depending on experience and location.
How does a Billing Executive get paid?
Billing Executives are usually paid through a combination of base salary and performance bonuses.
Is prior experience necessary for a Billing Executive role?
While not always required, prior experience in billing or finance can be advantageous.
What skills are important for a successful Billing Executive?
Strong analytical skills, attention to detail, and proficiency with billing software are essential.
How Much Others Make?
Explore salary data for other professions to compare compensation across different career paths and industries.