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The differences between account resolution analysts and collection analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an account resolution analyst and a collection analyst. Additionally, a collection analyst has an average salary of $46,819, which is higher than the $44,937 average annual salary of an account resolution analyst.
The top three skills for an account resolution analyst include escalate, credit balances and customer accounts. The most important skills for a collection analyst are customer service, portfolio, and patients.
An account resolution analyst is someone who investigates and determines delinquent accounts, locate and help customers resolve their outstanding balances. In service providers, the threat of delinquent accounts is high, especially with the fluctuating economy. For this reason, companies need an account resolution analyst to help the company collect delayed payments. The resolution analyst will also investigate the customer to know the main reason for the financial difficulty and inability to pay on time.
Collections analysts assess the riskiness of a company or person in credit extension and repayment collection. The analysts manage data processing contract procurement negotiation. They help in the quarterly and yearly external and internal audits. It is part of their job to collect the first payment default and make sure that portfolios are inappropriate performance. They also act on collection calls for the area of responsibility assigned to them.
Account resolution analysts and collection analysts have different pay scales, as shown below.
| Account Resolution Analyst | Collection Analyst | |
| Average salary | $44,937 | $46,819 |
| Salary range | Between $31,000 And $64,000 | Between $31,000 And $69,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | Connecticut |
| Best paying company | - | American Tower |
| Best paying industry | - | Technology |
There are a few differences between an account resolution analyst and a collection analyst in terms of educational background:
| Account Resolution Analyst | Collection Analyst | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between account resolution analysts' and collection analysts' demographics:
| Account Resolution Analyst | Collection Analyst | |
| Average age | 46 | 46 |
| Gender ratio | Male, 34.4% Female, 65.6% | Male, 37.7% Female, 62.3% |
| Race ratio | Black or African American, 12.3% Unknown, 4.1% Hispanic or Latino, 14.9% Asian, 3.8% White, 64.4% American Indian and Alaska Native, 0.5% | Black or African American, 13.9% Unknown, 4.2% Hispanic or Latino, 18.6% Asian, 4.0% White, 58.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |