Collections/accounts receivable vs collection analyst

The differences between collections/accounts receivables and collection 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 a collection analyst. Additionally, a collection analyst has an average salary of $46,819, 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 a collection analyst are customer service, portfolio, and patients.

Collections/accounts receivable vs collection analyst overview

	Collections/Accounts Receivable	Collection Analyst
Yearly salary	$38,949	$46,819
Hourly rate	$18.73	$22.51
Growth rate	-8%	-8%
Number of jobs	30,523	28,967
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 55%
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 a collection analyst do?

Collections analysts assess the riskiness of a company or person in credit extension and repayment collection. The analysts manage data processing contract procurement negotiation. They help in the quarterly and yearly external and internal audits. It is part of their job to collect the first payment default and make sure that portfolios are inappropriate performance. They also act on collection calls for the area of responsibility assigned to them.

Collections/accounts receivable vs collection analyst salary

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

	Collections/Accounts Receivable	Collection Analyst
Average salary	$38,949	$46,819
Salary range	Between $30,000 And $49,000	Between $31,000 And $69,000
Highest paying City	Boston, MA	Washington, DC
Highest paying state	Connecticut	Connecticut
Best paying company	Apollo Global Management	American Tower
Best paying industry	Finance	Technology

Differences between collections/accounts receivable and collection analyst education

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

	Collections/Accounts Receivable	Collection Analyst
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 55%
Most common major	Business	Business
Most common college	-	-

Collections/accounts receivable vs collection analyst demographics

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

	Collections/Accounts Receivable	Collection Analyst
Average age	46	46
Gender ratio	Male, 25.3% Female, 74.7%	Male, 37.7% Female, 62.3%
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, 13.9% Unknown, 4.2% Hispanic or Latino, 18.6% Asian, 4.0% White, 58.8% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between collections/accounts receivable and collection 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.

Collection analyst example responsibilities.

Represent and lead the collections' team during executive management weekly conference calls providing updates on the delinquent A/R reports.
Assist in reducing the DSO down and limit bad debt expense while focusing on building revenue.
Maintain customer relations while improving company DSO.
Work remittance advice from Medicaid and Medicare ensuring accuracy of payments, correcting account billing according with Medicaid or Medicare disposition.
Do credit checks for new clients with Dunn & Bradstreet along with Equifax.
Perform processing functions necessary to ensure timely and accurate DME billing.

Collections/accounts receivable vs collection 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 collection analyst skills

Customer Service, 16%
Portfolio, 9%
Patients, 5%
Customer Accounts, 5%
Delinquent Accounts, 4%
Reconciliations, 4%

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Collections/Accounts Receivable
Collections/Accounts Receivable vs Collection Analyst

Updated January 8, 2025

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