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Collections/account manager vs collections manager

The differences between collections/account managers and collections managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a collections/account manager and a collections manager. Additionally, a collections manager has an average salary of $59,529, which is higher than the $48,753 average annual salary of a collections/account manager.

The top three skills for a collections/account manager include customer service, payment arrangements and debt collection. The most important skills for a collections manager are customer service, collection management, and portfolio.

Collections/account manager vs collections manager overview

Collections/Account ManagerCollections Manager
Yearly salary$48,753$59,529
Hourly rate$23.44$28.62
Growth rate17%17%
Number of jobs114,93644,553
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 51%
Average age4646
Years of experience88

Collections/account manager vs collections manager salary

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

Collections/Account ManagerCollections Manager
Average salary$48,753$59,529
Salary rangeBetween $34,000 And $68,000Between $42,000 And $83,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Amazon
Best paying industry-Health Care

Differences between collections/account manager and collections manager education

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

Collections/Account ManagerCollections Manager
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 51%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Collections/account manager vs collections manager demographics

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

Collections/Account ManagerCollections Manager
Average age4646
Gender ratioMale, 40.2% Female, 59.8%Male, 50.8% Female, 49.2%
Race ratioBlack 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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 7.3% White, 64.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between collections/account manager and collections manager 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.
  • Show more

Collections manager example responsibilities.

  • Achieve 182 FTE save, and annual net saving of $2.8MM
  • Manage Medicaid accounts in effort to receive payment from them.
  • Manage self pay and Medicaid pending collections throughout the southeast region.
  • Organize the managed care effort to ensure that patients are not accept from incorrect PPO's and HMO's.
  • Create and implement new quantitative process to achieve corporate DSO targets that determines monthly cash collection targets by business unit.
  • Achieve historical low of six percent in A/R over 30 days past due and reduction of DSO to 53 days.
  • Show more

Collections/account manager vs collections manager 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 manager skills
  • Customer Service, 15%
  • Collection Management, 9%
  • Portfolio, 7%
  • FDCPA, 5%
  • Delinquent Accounts, 4%
  • Credit Card, 4%

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