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Account resolution analyst vs collections specialist

The differences between account resolution analysts and collections specialists 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 specialist. Additionally, an account resolution analyst has an average salary of $44,937, which is higher than the $35,164 average annual salary of a collections specialist.

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

Account resolution analyst vs collections specialist overview

Account Resolution AnalystCollections Specialist
Yearly salary$44,937$35,164
Hourly rate$21.60$16.91
Growth rate-8%-8%
Number of jobs71,30040,277
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 34%
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 specialist do?

As their name entails, collections specialists collect payments for the outstanding accounts receivables. Collections specialists list the names of those who were unable to pay their overdue bills based on their delinquency severity. They locate the customers through loan documents, background checks, credit bureau information, and other databases or paperwork. These specialists are expected to be excellent in their negotiation and communication skills. They should also be trustworthy, reliable, and act professionally to be considered as good specialists.

Account resolution analyst vs collections specialist salary

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

Account Resolution AnalystCollections Specialist
Average salary$44,937$35,164
Salary rangeBetween $31,000 And $64,000Between $27,000 And $45,000
Highest paying City-Boston, MA
Highest paying state-Connecticut
Best paying company-Kent Daniels & Associates
Best paying industry-Finance

Differences between account resolution analyst and collections specialist education

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

Account Resolution AnalystCollections Specialist
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 34%
Most common majorBusinessBusiness
Most common college--

Account resolution analyst vs collections specialist demographics

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

Account Resolution AnalystCollections Specialist
Average age4646
Gender ratioMale, 34.4% Female, 65.6%Male, 30.5% Female, 69.5%
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, 12.2% Unknown, 4.1% Hispanic or Latino, 18.5% Asian, 3.7% White, 61.0% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between account resolution analyst and collections specialist 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.
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Collections specialist example responsibilities.

  • Manage university A/R processes and enforce tuition payment policy.
  • Manage accounts for healthcare clients, review detailed patient information for payment resolution while abiding HIPPA privacy and security regulations.
  • Review denied Medicare and Maine Medicaid insurance claims for accuracy.
  • Analyze hospital insurance claims of individual patients for errors and contact major insurance carriers for claims dispute resolution.
  • Analyze accounts for patients ineligible for private insurance, Medicare or Medicaid and indicating inability to pay balance.
  • Possess effective persuasion and negotiation skills, excellent interpersonal and communications skills with the ability to deliver quality customer service.
  • Show more

Account resolution analyst vs collections specialist 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 specialist skills
  • Customer Service, 23%
  • Patients, 8%
  • Customer Accounts, 6%
  • Payment Arrangements, 5%
  • Delinquent Accounts, 4%
  • Phone Calls, 4%

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