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The differences between account resolution analysts and collections/accounts receivables 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 collections/accounts receivable. Additionally, an account resolution analyst has an average salary of $44,937, which is higher than the $38,949 average annual salary of a collections/accounts receivable.
The top three skills for an account resolution analyst include escalate, credit balances and customer accounts. The most important skills for a collections/accounts receivable are customer service, patients, and delinquent accounts.
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.
An officer for collections/accounts receivable is in charge of a company's financial activities, ensuring that they receive payment from clients. They primarily focus on overseeing all billing and invoices, processing and verifying all receipts and rendered services, maintaining an accurate record of all transactions, producing reports and presentations, reviewing account and payment histories, and ensuring the accuracy of all processes involving the matter. Furthermore, should there be any complex issues, it is essential to reach out to a manager or a supervisor right away.
Account resolution analysts and collections/accounts receivables have different pay scales, as shown below.
| Account Resolution Analyst | Collections/Accounts Receivable | |
| Average salary | $44,937 | $38,949 |
| Salary range | Between $31,000 And $64,000 | Between $30,000 And $49,000 |
| Highest paying City | - | Boston, MA |
| Highest paying state | - | Connecticut |
| Best paying company | - | Apollo Global Management |
| Best paying industry | - | Finance |
There are a few differences between an account resolution analyst and a collections/accounts receivable in terms of educational background:
| Account Resolution Analyst | Collections/Accounts Receivable | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 40% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between account resolution analysts' and collections/accounts receivables' demographics:
| Account Resolution Analyst | Collections/Accounts Receivable | |
| Average age | 46 | 46 |
| Gender ratio | Male, 34.4% Female, 65.6% | Male, 25.3% Female, 74.7% |
| 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, 12.0% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |