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Account resolution specialist hiring summary. Here are some key points about hiring account resolution specialists in the United States:
Here's a step-by-step account resolution specialist hiring guide:
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.
First, determine the employments status of the account resolution specialist you need to hire. Certain account resolution specialist roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
You should also consider the ideal background you'd like them an account resolution specialist to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an account resolution specialist that fits the bill.
This list presents account resolution specialist salaries for various positions.
| Type of Account Resolution Specialist | Description | Hourly rate |
|---|---|---|
| Account Resolution Specialist | Bill and account collectors, sometimes called collectors, try to recover payment on overdue bills. They negotiate repayment plans with debtors and help them find solutions to make paying their overdue bills easier. | $13-20 |
| Collector | 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... Show more | $12-21 |
| Bill Collector | A bill collector is responsible for reaching out to the customers to collect overdue payments, negotiate repayment plans, and update account information upon settling of payments. Bill collectors monitor the contact details of the customer, utilizing locator tools and software as required by the organization, and review contract terms to decide on credit advice or escalate the issue to a higher tier... Show more | $14-19 |
Including a salary range in the account resolution specialist job description is a good way to get more applicants. An account resolution specialist salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for an account resolution specialist in Arkansas may be lower than in Connecticut, and an entry-level engineer typically earns less than a senior-level account resolution specialist. Additionally, an account resolution specialist with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Connecticut | $49,769 | $24 |
| 2 | District of Columbia | $48,346 | $23 |
| 3 | Virginia | $45,429 | $22 |
| 4 | Missouri | $44,221 | $21 |
| 5 | Illinois | $42,250 | $20 |
| 6 | Massachusetts | $40,527 | $19 |
| 7 | New York | $40,306 | $19 |
| 8 | Kentucky | $40,096 | $19 |
| 9 | Oregon | $39,112 | $19 |
| 10 | Maryland | $38,380 | $18 |
| 11 | North Dakota | $38,033 | $18 |
| 12 | Indiana | $37,565 | $18 |
| 13 | New Jersey | $37,384 | $18 |
| 14 | California | $37,035 | $18 |
| 15 | Rhode Island | $36,907 | $18 |
| 16 | Hawaii | $36,825 | $18 |
| 17 | Wisconsin | $36,256 | $17 |
| 18 | Georgia | $36,091 | $17 |
| 19 | Colorado | $36,068 | $17 |
| 20 | Michigan | $35,921 | $17 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | American Express | $38,797 | $18.65 | 3 |
| 2 | Praxair | $38,450 | $18.49 | |
| 3 | Wells Fargo | $38,115 | $18.32 | 7 |
| 4 | Zwicker & Associates | $37,524 | $18.04 | 18 |
| 5 | Prime Healthcare | $37,122 | $17.85 | 18 |
| 6 | Hyundai Capital Services | $36,564 | $17.58 | 3 |
| 7 | BMO Capital Markets | $36,524 | $17.56 | 2 |
| 8 | Coastal Credit Union | $36,434 | $17.52 | |
| 9 | GreenState Credit Union | $36,395 | $17.50 | 1 |
| 10 | Noridian Administrative Services, Llc | $36,212 | $17.41 | |
| 11 | TopBuild | $36,059 | $17.34 | 2 |
| 12 | Credibly | $36,003 | $17.31 | |
| 13 | Hancock Whitney | $35,817 | $17.22 | |
| 14 | American Coradius International | $35,345 | $16.99 | 6 |
| 15 | Robert Half | $34,957 | $16.81 | 277 |
| 16 | Randstad North America, Inc. | $34,852 | $16.76 | 17 |
| 17 | United Site Services | $34,720 | $16.69 | 1 |
| 18 | Mission Regional Medical Center | $34,665 | $16.67 | 16 |
| 19 | University of Pennsylvania | $34,513 | $16.59 | |
| 20 | Weltman, Weinberg & Reis Co., LPA | $34,340 | $16.51 | 8 |
An account resolution specialist job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of an account resolution specialist job description:
To find the right account resolution specialist for your business, consider trying out a few different recruiting strategies:
To successfully recruit account resolution specialists, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best account resolution specialist candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
There are different types of costs for hiring account resolution specialists. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new account resolution specialist employee.
You can expect to pay around $35,602 per year for an account resolution specialist, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for account resolution specialists in the US typically range between $13 and $20 an hour.