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Collection team lead vs collections, customer service

The differences between collection team leads and collectionss, customer service can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a collection team lead and a collections, customer service. Additionally, a collection team lead has an average salary of $68,868, which is higher than the $32,870 average annual salary of a collections, customer service.

The top three skills for a collection team lead include customer service, credit card and delinquent accounts. The most important skills for a collections, customer service are strong customer service, customer service, and payment arrangements.

Collection team lead vs collections, customer service overview

Collection Team LeadCollections, Customer Service
Yearly salary$68,868$32,870
Hourly rate$33.11$15.80
Growth rate-8%-8%
Number of jobs29,386161,544
Job satisfaction--
Most common degreeBachelor's Degree, 45%High School Diploma, 33%
Average age4646
Years of experience1212

Collection team lead vs collections, customer service salary

Collection team leads and collectionss, customer service have different pay scales, as shown below.

Collection Team LeadCollections, Customer Service
Average salary$68,868$32,870
Salary rangeBetween $48,000 And $98,000Between $27,000 And $39,000
Highest paying City-Danvers, MA
Highest paying state-Virginia
Best paying company-University of California
Best paying industry-Automotive

Differences between collection team lead and collections, customer service education

There are a few differences between a collection team lead and a collections, customer service in terms of educational background:

Collection Team LeadCollections, Customer Service
Most common degreeBachelor's Degree, 45%High School Diploma, 33%
Most common majorBusinessBusiness
Most common college--

Collection team lead vs collections, customer service demographics

Here are the differences between collection team leads' and collectionss, customer service' demographics:

Collection Team LeadCollections, Customer Service
Average age4646
Gender ratioMale, 42.9% Female, 57.1%Male, 29.3% Female, 70.7%
Race ratioBlack or African American, 13.0% Unknown, 4.0% Hispanic or Latino, 18.9% Asian, 3.6% White, 59.9% American Indian and Alaska Native, 0.5%Black or African American, 11.4% Unknown, 4.2% Hispanic or Latino, 20.3% Asian, 3.8% White, 59.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collection team lead and collections, customer service duties and responsibilities

Collection team lead example responsibilities.

  • Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
  • Receive and distribute ACH forms receive form all lots.
  • Assist consumers in money and behavior managements and ensures HIPAA compliance
  • Collect monies from Medicaid, Medicare, VA and various other third party payers.
  • Perform insurance follow up on account receivables of Medicare, Medicaid and private health insurance claims to expedite claim reimbursement.
  • Negotiate payments resolutions for delinquent customers to become current while using professionalism, and adhering to all applicable FDCPA collection laws.
  • Show more

Collections, customer service example responsibilities.

  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Provide excellent verbal, written, oral communication skills, attend ongoing training of collections and FDCPA regulations and guidelines.
  • Provide excellent interpersonal, negotiation, and customer service skills via telephone.
  • Research accounts to verify credits and debits make are accurately post against supporting documents showing timely reflect within the FDCPA guidelines.
  • Prevent impending loss and increase profitability through negotiation and enforcement of schedule collection campaigns.
  • Submit additional information request by insurance companies such as medical records, primary/secondary insurance explanation of benefits (EOB).
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Collection team lead vs collections, customer service skills

Common collection team lead skills
  • Customer Service, 14%
  • Credit Card, 7%
  • Delinquent Accounts, 6%
  • Payment Arrangements, 6%
  • FDCPA, 4%
  • Debt Repayment, 4%
Common collections, customer service skills
  • Strong Customer Service, 45%
  • Customer Service, 12%
  • Payment Arrangements, 5%
  • Credit Card Payments, 4%
  • Delinquent Accounts, 4%
  • Past Due Accounts, 3%

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