Collections/account manager vs collections/accounts receivable

The differences between collections/account managers and collections/accounts receivables can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a collections/account manager, becoming a collections/accounts receivable takes usually requires 6-12 months. Additionally, a collections/account manager has an average salary of $48,753, which is higher than the $38,949 average annual salary of a collections/accounts receivable.

The top three skills for a collections/account manager include customer service, payment arrangements and debt collection. The most important skills for a collections/accounts receivable are customer service, patients, and delinquent accounts.

Collections/account manager vs collections/accounts receivable overview

	Collections/Account Manager	Collections/Accounts Receivable
Yearly salary	$48,753	$38,949
Hourly rate	$23.44	$18.73
Growth rate	17%	-8%
Number of jobs	114,936	30,523
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 41%	Bachelor's Degree, 40%
Average age	46	46
Years of experience	8	12

Collections/account manager vs collections/accounts receivable salary

Collections/account managers and collections/accounts receivables have different pay scales, as shown below.

	Collections/Account Manager	Collections/Accounts Receivable
Average salary	$48,753	$38,949
Salary range	Between $34,000 And $68,000	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 collections/account manager and collections/accounts receivable education

There are a few differences between a collections/account manager and a collections/accounts receivable in terms of educational background:

	Collections/Account Manager	Collections/Accounts Receivable
Most common degree	Bachelor's Degree, 41%	Bachelor's Degree, 40%
Most common major	Business	Business
Most common college	Stanford University	-

Collections/account manager vs collections/accounts receivable demographics

Here are the differences between collections/account managers' and collections/accounts receivables' demographics:

	Collections/Account Manager	Collections/Accounts Receivable
Average age	46	46
Gender ratio	Male, 40.2% Female, 59.8%	Male, 25.3% Female, 74.7%
Race ratio	Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.9% Asian, 7.3% White, 65.6% American Indian and Alaska Native, 0.3%	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	11%	8%

Differences between collections/account manager and collections/accounts receivable duties and responsibilities

Collections/account manager example responsibilities.

Achieve historical low of six percent in A/R over 30 days past due and reduction of DSO to 53 days.
Process payroll and employee benefits, mediated/resolve personnel issues and assure EEOC and OSHA compliance.
Handle high volume incoming/outgoing calls, skip-tracing to find location information by following FDCPA regulations and hit monthly budget.
Maintain and ensure a working knowledge of all federal, state and local governmental regulations including FDCPA, TCPA and FISMA.
Negotiate and execute contract labor, outsourcing and payroll servicing contracts.
Resolve delinquency by ACH payment collections, implement payment programs and negotiate settlements.

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.

Collections/account manager vs collections/accounts receivable skills

Common collections/account manager skills

Customer Service, 17%
Payment Arrangements, 11%
Debt Collection, 11%
Delinquent Accounts, 10%
Student Loans, 7%
Past Due Accounts, 6%

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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Collections/Account Manager
Collections/Account Manager vs Collections/Accounts Receivable

Updated January 8, 2025

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