Asset recovery specialist vs collections/accounts receivable

The differences between asset recovery specialists and collections/accounts receivables can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an asset recovery specialist and a collections/accounts receivable. Additionally, an asset recovery specialist has an average salary of $57,707, which is higher than the $38,949 average annual salary of a collections/accounts receivable.

The top three skills for an asset recovery specialist include asset recovery, inbound calls and outbound calls. The most important skills for a collections/accounts receivable are customer service, patients, and delinquent accounts.

Asset recovery specialist vs collections/accounts receivable overview

	Asset Recovery Specialist	Collections/Accounts Receivable
Yearly salary	$57,707	$38,949
Hourly rate	$27.74	$18.73
Growth rate	-8%	-8%
Number of jobs	37,364	30,523
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 40%
Average age	46	46
Years of experience	12	12

Asset recovery specialist vs collections/accounts receivable salary

Asset recovery specialists and collections/accounts receivables have different pay scales, as shown below.

	Asset Recovery Specialist	Collections/Accounts Receivable
Average salary	$57,707	$38,949
Salary range	Between $39,000 And $84,000	Between $30,000 And $49,000
Highest paying City	-	Boston, MA
Highest paying state	-	Connecticut
Best paying company	-	Apollo Global Management
Best paying industry	-	Finance

Differences between asset recovery specialist and collections/accounts receivable education

There are a few differences between an asset recovery specialist and a collections/accounts receivable in terms of educational background:

	Asset Recovery Specialist	Collections/Accounts Receivable
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 40%
Most common major	Business	Business
Most common college	-	-

Asset recovery specialist vs collections/accounts receivable demographics

Here are the differences between asset recovery specialists' and collections/accounts receivables' demographics:

	Asset Recovery Specialist	Collections/Accounts Receivable
Average age	46	46
Gender ratio	Male, 55.1% Female, 44.9%	Male, 25.3% Female, 74.7%
Race ratio	Black or African American, 11.6% Unknown, 4.1% Hispanic or Latino, 17.0% Asian, 3.7% White, 63.1% American Indian and Alaska Native, 0.5%	Black or African American, 12.0% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between asset recovery specialist and collections/accounts receivable duties and responsibilities

Asset recovery specialist example responsibilities.

Manage university A/R processes and enforce tuition payment policy.
Handle sensitive information given according to FDCPA regulations and standards.
Create negotiation strategies that help increase revenue by reducing losses on third-party settlement transactions.
Submit additional information request by insurance companies such as medical records, primary/secondary insurance explanation of benefits (EOB).
Secure modification documents including HAMP and bank require documents.

Collections/accounts receivable example responsibilities.

Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
Work accounts receivable for Medicaid verification and payments.
Work remittance advice from Medicaid ensuring accuracy of payments.
Research and obtain extensive knowledge of FDCPA debt recovery laws and assist in recovering commercial debt from organizations.
Communicate effectively with patients, physicians, hospital staff, and insurance representatives to ensure accuracy in claims processing.
Review claims to determine if process correctly and if necessary, direct patients to contact insurance companies regarding additional benefit questions.

Asset recovery specialist vs collections/accounts receivable skills

Common asset recovery specialist skills

Asset Recovery, 19%
Inbound Calls, 11%
Outbound Calls, 10%
Customer Service, 8%
Foreclosure, 7%
Delinquent Accounts, 5%

Common collections/accounts receivable skills

Customer Service, 21%
Patients, 6%
Delinquent Accounts, 5%
Credit Card Payments, 5%
Past Due Accounts, 5%
Customer Accounts, 5%

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Asset Recovery Specialist
Asset Recovery Specialist vs Collections/Accounts Receivable

Updated January 8, 2025

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