Collection team lead vs collector lead

The differences between collection team leads and collector leads 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 collector lead. Additionally, a collector lead has an average salary of $99,625, which is higher than the $68,868 average annual salary of a collection team lead.

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

Collection team lead vs collector lead overview

	Collection Team Lead	Collector Lead
Yearly salary	$68,868	$99,625
Hourly rate	$33.11	$47.90
Growth rate	-8%	-8%
Number of jobs	29,386	6,919
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 39%
Average age	46	46
Years of experience	12	12

Collection team lead vs collector lead salary

Collection team leads and collector leads have different pay scales, as shown below.

	Collection Team Lead	Collector Lead
Average salary	$68,868	$99,625
Salary range	Between $48,000 And $98,000	Between $63,000 And $155,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	Connecticut
Best paying company	-	Accenture
Best paying industry	-	-

Differences between collection team lead and collector lead education

There are a few differences between a collection team lead and a collector lead in terms of educational background:

	Collection Team Lead	Collector Lead
Most common degree	Bachelor's Degree, 45%	Bachelor's Degree, 39%
Most common major	Business	Business
Most common college	-	-

Collection team lead vs collector lead demographics

Here are the differences between collection team leads' and collector leads' demographics:

	Collection Team Lead	Collector Lead
Average age	46	46
Gender ratio	Male, 42.9% Female, 57.1%	Male, 40.5% Female, 59.5%
Race ratio	Black 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, 11.7% Unknown, 4.1% Hispanic or Latino, 21.2% Asian, 3.7% White, 58.8% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between collection team lead and collector lead 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.

Collector lead example responsibilities.

Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
Assist department manager in hiring & training new team members on company expectations & FDCPA laws.
Exceed monthly goals set by the client while following all guidelines with state laws and FDCPA.
Complete monthly A/R account reconciliations with minimal reconciling items requiring resolution.
Coordinate monthly inter-company A/R position with multiple operating units around the world.
Utilize communication and negotiation skills to understand the customer s specific situation and assist them with determining the best repayment solution.

Collection team lead vs collector lead skills

Common collection team lead skills

Customer Service, 14%
Credit Card, 7%
Delinquent Accounts, 6%
Payment Arrangements, 6%
FDCPA, 4%
Debt Repayment, 4%

Common collector lead skills

Customer Service, 16%
Collection Calls, 9%
Payment Arrangements, 7%
Credit Card Accounts, 6%
Delinquent Accounts, 6%
Outbound Calls, 5%