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The differences between account resolution analysts and collections representatives 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 representative. Additionally, an account resolution analyst has an average salary of $44,937, which is higher than the $34,015 average annual salary of a collections representative.
The top three skills for an account resolution analyst include escalate, credit balances and customer accounts. The most important skills for a collections representative are payment arrangements, customer service, 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.
A Collections Representative's role is to collect payment for outstanding or overdue bills through phone calls, email, mail, or sometimes personal appointments. A Collections Representative is required to have a great deal of research and communication skills in order to reach out to people and explain how to settle their debts or even negotiate a payment term or plan. Collections Representatives must also make sure that these terms are honored and met, and create reports for the creditor regarding the delinquent accounts.
Account resolution analysts and collections representatives have different pay scales, as shown below.
| Account Resolution Analyst | Collections Representative | |
| Average salary | $44,937 | $34,015 |
| Salary range | Between $31,000 And $64,000 | Between $26,000 And $42,000 |
| Highest paying City | - | San Ramon, CA |
| Highest paying state | - | California |
| Best paying company | - | University of California, Berkeley |
| Best paying industry | - | Finance |
There are a few differences between an account resolution analyst and a collections representative in terms of educational background:
| Account Resolution Analyst | Collections Representative | |
| 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 collections representatives' demographics:
| Account Resolution Analyst | Collections Representative | |
| Average age | 46 | 46 |
| Gender ratio | Male, 34.4% Female, 65.6% | Male, 30.6% Female, 69.4% |
| 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, 12.2% Unknown, 3.9% Hispanic or Latino, 18.9% Asian, 3.4% White, 61.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |