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Account resolution analyst vs collection analyst

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.

Account resolution analyst vs collection analyst overview

Account Resolution AnalystCollection Analyst
Yearly salary$44,937$46,819
Hourly rate$21.60$22.51
Growth rate-8%-8%
Number of jobs71,30028,967
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 55%
Average age4646
Years of experience1212

What does an account resolution analyst do?

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.

What does a collection analyst do?

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 analyst vs collection analyst salary

Account resolution analysts and collection analysts have different pay scales, as shown below.

Account Resolution AnalystCollection Analyst
Average salary$44,937$46,819
Salary rangeBetween $31,000 And $64,000Between $31,000 And $69,000
Highest paying City-Washington, DC
Highest paying state-Connecticut
Best paying company-American Tower
Best paying industry-Technology

Differences between account resolution analyst and collection analyst education

There are a few differences between an account resolution analyst and a collection analyst in terms of educational background:

Account Resolution AnalystCollection Analyst
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common college--

Account resolution analyst vs collection analyst demographics

Here are the differences between account resolution analysts' and collection analysts' demographics:

Account Resolution AnalystCollection Analyst
Average age4646
Gender ratioMale, 34.4% Female, 65.6%Male, 37.7% Female, 62.3%
Race ratioBlack 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 Percentage8%8%

Differences between account resolution analyst and collection analyst duties and responsibilities

Account resolution analyst example responsibilities.

  • Manage daily credit card reconciliations and personally deliver regular cash deposits in a safe and professional manner.
  • Initial task are the development of algorithms to identify overpayments of Medicaid claims.
  • Evaluate, process, and paid out health insurance Medicaid claims with numerous providers.
  • Complete ODAR retro-recovery appeals within a timely manner.
  • Review and respond to physician appeals and correspondence.
  • Escalate issues with internal business partners for quick resolution to ensure customer satisfaction to maintain health of portfolio against assign metrics.
  • Show more

Collection analyst example responsibilities.

  • Represent and lead the collections' team during executive management weekly conference calls providing updates on the delinquent A/R reports.
  • Assist in reducing the DSO down and limit bad debt expense while focusing on building revenue.
  • Maintain customer relations while improving company DSO.
  • Work remittance advice from Medicaid and Medicare ensuring accuracy of payments, correcting account billing according with Medicaid or Medicare disposition.
  • Do credit checks for new clients with Dunn & Bradstreet along with Equifax.
  • Perform processing functions necessary to ensure timely and accurate DME billing.

Account resolution analyst vs collection analyst skills

Common account resolution analyst skills
  • Escalate, 13%
  • Credit Balances, 8%
  • Customer Accounts, 7%
  • Customer Service, 6%
  • Medical Claims, 5%
  • A/R, 5%
Common collection analyst skills
  • Customer Service, 16%
  • Portfolio, 9%
  • Patients, 5%
  • Customer Accounts, 5%
  • Delinquent Accounts, 4%
  • Reconciliations, 4%

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