Post job

Account resolution analyst vs collector

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.

Account resolution analyst vs collector overview

Account Resolution AnalystCollector
Yearly salary$44,937$34,872
Hourly rate$21.60$16.77
Growth rate-8%-8%
Number of jobs71,30023,948
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 31%
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 collector do?

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 analyst vs collector salary

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

Account Resolution AnalystCollector
Average salary$44,937$34,872
Salary rangeBetween $31,000 And $64,000Between $27,000 And $44,000
Highest paying City-Los Angeles, CA
Highest paying state-Alaska
Best paying company-Uline
Best paying industry-Finance

Differences between account resolution analyst and collector education

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

Account Resolution AnalystCollector
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 31%
Most common majorBusinessBusiness
Most common college--

Account resolution analyst vs collector demographics

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

Account Resolution AnalystCollector
Average age4646
Gender ratioMale, 34.4% Female, 65.6%Male, 36.0% Female, 64.0%
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, 12.1% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.5% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between account resolution analyst and collector 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

Collector example responsibilities.

  • Manage patient focuse reports, collection modules, provider/facility A/R, collections, patient discharge letters.
  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Provide customer service via telephone and correspondence for patients and authorize representatives regarding outstanding patient accounts in accordance with facility protocol.
  • Verify and run eligibility on the following insurance, Medi-Cal, Medi-Cal HMO, Medicare, Medicare HMO.
  • Provide excellent customer service while following HIPPA confidentiality laws.
  • Show more

Account resolution analyst vs collector skills

Common account resolution analyst skills
  • Escalate, 13%
  • Credit Balances, 8%
  • Customer Accounts, 7%
  • Customer Service, 6%
  • Medical Claims, 5%
  • A/R, 5%
Common collector skills
  • Patients, 14%
  • Customer Service, 10%
  • Payment Arrangements, 10%
  • Excellent Interpersonal, 9%
  • Delinquent Accounts, 8%
  • Student Loans, 5%

Browse office and administrative jobs