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Account resolution analyst vs collections, customer service

The differences between account resolution analysts and collectionss, customer service 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, customer service. Additionally, an account resolution analyst has an average salary of $44,937, which is higher than the $32,870 average annual salary of a collections, customer service.

The top three skills for an account resolution analyst include escalate, credit balances and customer accounts. The most important skills for a collections, customer service are strong customer service, customer service, and payment arrangements.

Account resolution analyst vs collections, customer service overview

Account Resolution AnalystCollections, Customer Service
Yearly salary$44,937$32,870
Hourly rate$21.60$15.80
Growth rate-8%-8%
Number of jobs71,300161,544
Job satisfaction--
Most common degreeBachelor's Degree, 58%High School Diploma, 33%
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 collections, customer service do?

A collections customer service or collections agent is the person who is in charge of collecting past-due bill payments. Collections agents establish a list of individuals who failed to make their payments. They organize the list based on the severity of their delinquency. It is their task to find the location of the customers through background checks, credit bureau information, and loan documents. Those who are interested in this job should develop skills in intuition, quick thinking, problem-solving, and communication.

Account resolution analyst vs collections, customer service salary

Account resolution analysts and collectionss, customer service have different pay scales, as shown below.

Account Resolution AnalystCollections, Customer Service
Average salary$44,937$32,870
Salary rangeBetween $31,000 And $64,000Between $27,000 And $39,000
Highest paying City-Danvers, MA
Highest paying state-Virginia
Best paying company-University of California
Best paying industry-Automotive

Differences between account resolution analyst and collections, customer service education

There are a few differences between an account resolution analyst and a collections, customer service in terms of educational background:

Account Resolution AnalystCollections, Customer Service
Most common degreeBachelor's Degree, 58%High School Diploma, 33%
Most common majorBusinessBusiness
Most common college--

Account resolution analyst vs collections, customer service demographics

Here are the differences between account resolution analysts' and collectionss, customer service' demographics:

Account Resolution AnalystCollections, Customer Service
Average age4646
Gender ratioMale, 34.4% Female, 65.6%Male, 29.3% Female, 70.7%
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, 11.4% Unknown, 4.2% Hispanic or Latino, 20.3% Asian, 3.8% White, 59.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between account resolution analyst and collections, customer service 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

Collections, customer service example responsibilities.

  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Provide excellent verbal, written, oral communication skills, attend ongoing training of collections and FDCPA regulations and guidelines.
  • Provide excellent interpersonal, negotiation, and customer service skills via telephone.
  • Research accounts to verify credits and debits make are accurately post against supporting documents showing timely reflect within the FDCPA guidelines.
  • Prevent impending loss and increase profitability through negotiation and enforcement of schedule collection campaigns.
  • Submit additional information request by insurance companies such as medical records, primary/secondary insurance explanation of benefits (EOB).
  • Show more

Account resolution analyst vs collections, customer service skills

Common account resolution analyst skills
  • Escalate, 13%
  • Credit Balances, 8%
  • Customer Accounts, 7%
  • Customer Service, 6%
  • Medical Claims, 5%
  • A/R, 5%
Common collections, customer service skills
  • Strong Customer Service, 45%
  • Customer Service, 12%
  • Payment Arrangements, 5%
  • Credit Card Payments, 4%
  • Delinquent Accounts, 4%
  • Past Due Accounts, 3%

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