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The differences between account resolution specialists 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 specialist and a collections specialist. Additionally, an account resolution specialist has an average salary of $35,602, which is higher than the $35,164 average annual salary of a collections specialist.
The top three skills for an account resolution specialist include account resolution, outbound calls and inbound calls. The most important skills for a collections specialist are customer service, patients, and customer accounts.
| Account Resolution Specialist | Collections Specialist | |
| Yearly salary | $35,602 | $35,164 |
| Hourly rate | $17.12 | $16.91 |
| Growth rate | -8% | -8% |
| Number of jobs | 87,713 | 40,277 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 39% | Bachelor's Degree, 34% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
An account resolutions specialist works at a company's accounting department, where they are in charge of overseeing account receivables to ensure client compliance. Their responsibilities usually include conducting research and analysis, assessing client accounts and credit histories, coordinating with managers and collection agents, and monitoring delinquent accounts. They may also directly communicate with clients to follow-up on invoices, process payments, or even arrange new payment plans while adhering to the company's policies and regulations. Moreover, they must maintain records of all transactions and present regular reports to managers.
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 specialists and collections specialists have different pay scales, as shown below.
| Account Resolution Specialist | Collections Specialist | |
| Average salary | $35,602 | $35,164 |
| Salary range | Between $29,000 And $43,000 | Between $27,000 And $45,000 |
| Highest paying City | Hartford, CT | Boston, MA |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | American Express | Kent Daniels & Associates |
| Best paying industry | Finance | Finance |
There are a few differences between an account resolution specialist and a collections specialist in terms of educational background:
| Account Resolution Specialist | Collections Specialist | |
| Most common degree | Bachelor's Degree, 39% | Bachelor's Degree, 34% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between account resolution specialists' and collections specialists' demographics:
| Account Resolution Specialist | Collections Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 32.4% Female, 67.6% | Male, 30.5% Female, 69.5% |
| Race ratio | Black or African American, 12.5% Unknown, 4.1% Hispanic or Latino, 18.9% Asian, 3.7% White, 60.4% 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 Percentage | 8% | 8% |