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The differences between accounting coordinators and collections coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an accounting coordinator, becoming a collections coordinator takes usually requires 6-12 months. Additionally, an accounting coordinator has an average salary of $44,639, which is higher than the $37,938 average annual salary of a collections coordinator.
The top three skills for an accounting coordinator include customer service, reconciliations and data entry. The most important skills for a collections coordinator are customer service, patients, and phone calls.
| Accounting Coordinator | Collections Coordinator | |
| Yearly salary | $44,639 | $37,938 |
| Hourly rate | $21.46 | $18.24 |
| Growth rate | -5% | -8% |
| Number of jobs | 63,129 | 40,113 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 48% |
| Average age | 51 | 46 |
| Years of experience | 6 | 12 |
An accounting coordinator is responsible for assisting the operations of the organization's accounting department, processing financial reports, and serving as a liaison between the accounting staff and other department personnel or external parties. Accounting coordinators maintain a record of accounts payable and receivables, issuing invoices, updating account statements, resolving account discrepancies, and managing bank reconciliations. They also help with tax audits, as well as performing bookkeeping functions and other administrative tasks as needed. An accounting coordinator must have excellent analytical skills and knowledge of accounting principles and disciplines.
Usually working alongside a company's account receivables team, a collections coordinator is in charge of developing strategies to optimize the payment collection operations. Among their responsibilities include reaching out to clients through calls or correspondence to remind them of their payment obligations, arranging appointments, processing payments, arranging payment terms, and researching a client's communication information such as cellphone number, address, or email. Moreover, a collections coordinator must maintain an active communication line with staff while promoting and enforcing the company's policies and regulations.
Accounting coordinators and collections coordinators have different pay scales, as shown below.
| Accounting Coordinator | Collections Coordinator | |
| Average salary | $44,639 | $37,938 |
| Salary range | Between $34,000 And $58,000 | Between $30,000 And $47,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | Connecticut |
| Best paying company | Cleary Gottlieb Steen & Hamilton | University of California, Berkeley |
| Best paying industry | Manufacturing | Professional |
There are a few differences between an accounting coordinator and a collections coordinator in terms of educational background:
| Accounting Coordinator | Collections Coordinator | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 48% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between accounting coordinators' and collections coordinators' demographics:
| Accounting Coordinator | Collections Coordinator | |
| Average age | 51 | 46 |
| Gender ratio | Male, 23.3% Female, 76.7% | Male, 26.6% Female, 73.4% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6% | Black or African American, 12.1% Unknown, 4.1% Hispanic or Latino, 20.8% Asian, 3.6% White, 59.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 8% |