Collections/accounts receivable vs accounts receivable analyst

The differences between collections/accounts receivables and accounts receivable analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a collections/accounts receivable and an accounts receivable analyst. Additionally, an accounts receivable analyst has an average salary of $43,692, which is higher than the $38,949 average annual salary of a collections/accounts receivable.

The top three skills for a collections/accounts receivable include customer service, patients and delinquent accounts. The most important skills for an accounts receivable analyst are customer service, reconciliations, and customer accounts.

Collections/accounts receivable vs accounts receivable analyst overview

	Collections/Accounts Receivable	Accounts Receivable Analyst
Yearly salary	$38,949	$43,692
Hourly rate	$18.73	$21.01
Growth rate	-8%	-8%
Number of jobs	30,523	26,558
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 61%
Average age	46	46
Years of experience	12	12

What does a collections/accounts receivable do?

An officer for collections/accounts receivable is in charge of a company's financial activities, ensuring that they receive payment from clients. They primarily focus on overseeing all billing and invoices, processing and verifying all receipts and rendered services, maintaining an accurate record of all transactions, producing reports and presentations, reviewing account and payment histories, and ensuring the accuracy of all processes involving the matter. Furthermore, should there be any complex issues, it is essential to reach out to a manager or a supervisor right away.

What does an accounts receivable analyst do?

An Accounts Receivable Analyst provides accounts receivable support through monitoring all aspects of the collection of outstanding debts owed to a company. They check missing and unresolved payment issues, monitor overdue accounts, and prepare statements for managers.

Collections/accounts receivable vs accounts receivable analyst salary

Collections/accounts receivables and accounts receivable analysts have different pay scales, as shown below.

	Collections/Accounts Receivable	Accounts Receivable Analyst
Average salary	$38,949	$43,692
Salary range	Between $30,000 And $49,000	Between $33,000 And $57,000
Highest paying City	Boston, MA	Arlington, VA
Highest paying state	Connecticut	Connecticut
Best paying company	Apollo Global Management	Pacific Investment Management Company LLC
Best paying industry	Finance	Hospitality

Differences between collections/accounts receivable and accounts receivable analyst education

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

	Collections/Accounts Receivable	Accounts Receivable Analyst
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	-	-

Collections/accounts receivable vs accounts receivable analyst demographics

Here are the differences between collections/accounts receivables' and accounts receivable analysts' demographics:

	Collections/Accounts Receivable	Accounts Receivable Analyst
Average age	46	46
Gender ratio	Male, 25.3% Female, 74.7%	Male, 29.4% Female, 70.6%
Race ratio	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%	Black or African American, 14.2% Unknown, 4.0% Hispanic or Latino, 18.7% Asian, 3.5% White, 59.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between collections/accounts receivable and accounts receivable analyst duties and responsibilities

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.

Accounts receivable analyst example responsibilities.

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Perform and analyze all accounts receivable duties, including proper application of cash, check, ACH, and wire transactions.
Forecast estimate check clearing, deposits, ACH activities and other variables in order to set guidelines for daily cash position.
Verify benefits and eligibility for new patients.
Determine medical benefits base on contractual agreements assuring benefits are applied correctly for patients during claims processing.
Code invoices, research customer information, perform detail reconciliations, analyze exceptions with customer information and billing.

Collections/accounts receivable vs accounts receivable analyst skills

Common collections/accounts receivable skills

Customer Service, 21%
Patients, 6%
Delinquent Accounts, 5%
Credit Card Payments, 5%
Past Due Accounts, 5%
Customer Accounts, 5%

Common accounts receivable analyst skills

Customer Service, 13%
Reconciliations, 8%
Customer Accounts, 7%
Pivot Tables, 4%
Patients, 4%
Financial Reports, 4%

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Office and Administrative Industry
Collections/Accounts Receivable
Collections/Accounts Receivable vs Accounts Receivable Analyst

Updated January 8, 2025

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