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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.
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.
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 analysts and collectionss, customer service have different pay scales, as shown below.
| Account Resolution Analyst | Collections, Customer Service | |
| Average salary | $44,937 | $32,870 |
| Salary range | Between $31,000 And $64,000 | Between $27,000 And $39,000 |
| Highest paying City | - | Danvers, MA |
| Highest paying state | - | Virginia |
| Best paying company | - | University of California |
| Best paying industry | - | Automotive |
There are a few differences between an account resolution analyst and a collections, customer service in terms of educational background:
| Account Resolution Analyst | Collections, Customer Service | |
| Most common degree | Bachelor's Degree, 58% | High School Diploma, 33% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between account resolution analysts' and collectionss, customer service' demographics:
| Account Resolution Analyst | Collections, Customer Service | |
| Average age | 46 | 46 |
| Gender ratio | Male, 34.4% Female, 65.6% | Male, 29.3% Female, 70.7% |
| 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, 11.4% Unknown, 4.2% Hispanic or Latino, 20.3% Asian, 3.8% White, 59.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |