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The differences between billing associates and collections specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a billing associate, becoming a collections specialist takes usually requires 6-12 months. Additionally, a collections specialist has an average salary of $35,164, which is higher than the $34,612 average annual salary of a billing associate.
The top three skills for a billing associate include patients, customer service and data entry. The most important skills for a collections specialist are customer service, patients, and customer accounts.
| Billing Associate | Collections Specialist | |
| Yearly salary | $34,612 | $35,164 |
| Hourly rate | $16.64 | $16.91 |
| Growth rate | -3% | -8% |
| Number of jobs | 23,835 | 40,277 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 43% | Bachelor's Degree, 34% |
| Average age | 46 | 46 |
| Years of experience | 2 | 12 |
A billing associate is responsible for processing payments and invoices for customers and ensuring accurate financial reports for auditing purposes. Billing associates utilize the business' accounting systems to monitor billing transactions and resolve account discrepancies accordingly. They also update customer records in the database, post payments timely, and escalate outstanding bills to the supervisor for resolution. A billing associate reaches out to the clients and customers for payment responsibility and respond to the inquiries and concerns they may have.
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.
Billing associates and collections specialists have different pay scales, as shown below.
| Billing Associate | Collections Specialist | |
| Average salary | $34,612 | $35,164 |
| Salary range | Between $27,000 And $42,000 | Between $27,000 And $45,000 |
| Highest paying City | Vancouver, WA | Boston, MA |
| Highest paying state | Washington | Connecticut |
| Best paying company | Huron Consulting Group | Kent Daniels & Associates |
| Best paying industry | Technology | Finance |
There are a few differences between a billing associate and a collections specialist in terms of educational background:
| Billing Associate | Collections Specialist | |
| Most common degree | Bachelor's Degree, 43% | Bachelor's Degree, 34% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between billing associates' and collections specialists' demographics:
| Billing Associate | Collections Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 20.6% Female, 79.4% | Male, 30.5% Female, 69.5% |
| Race ratio | Black or African American, 10.7% Unknown, 4.4% Hispanic or Latino, 18.5% Asian, 7.6% White, 58.0% American Indian and Alaska Native, 0.9% | 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 | 7% | 8% |