Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between account resolution analysts and collectors 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 collector. Additionally, an account resolution analyst has an average salary of $44,937, which is higher than the $34,872 average annual salary of a collector.
The top three skills for an account resolution analyst include escalate, credit balances and customer accounts. The most important skills for a collector are patients, 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.
Collectors are responsible for monitoring and providing immediate actions for client accounts with overdue payments. Collectors must be able to contact clients through phone or e-mail. A collector's duty also includes negotiating on payment procedures and offering repayment plans and alternative payment solutions to free the debt. Collectors need to document any agreements made to the client, updating and verifying contact information, resolving account discrepancies and client complaints, and report escalated concerns to the management.
Account resolution analysts and collectors have different pay scales, as shown below.
| Account Resolution Analyst | Collector | |
| Average salary | $44,937 | $34,872 |
| Salary range | Between $31,000 And $64,000 | Between $27,000 And $44,000 |
| Highest paying City | - | Los Angeles, CA |
| Highest paying state | - | Alaska |
| Best paying company | - | Uline |
| Best paying industry | - | Finance |
There are a few differences between an account resolution analyst and a collector in terms of educational background:
| Account Resolution Analyst | Collector | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 31% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between account resolution analysts' and collectors' demographics:
| Account Resolution Analyst | Collector | |
| Average age | 46 | 46 |
| Gender ratio | Male, 34.4% Female, 65.6% | Male, 36.0% Female, 64.0% |
| 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, 12.1% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.5% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |