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Collections assistant vs collection analyst

The differences between collections assistants 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 assistant and a collection analyst. Additionally, a collection analyst has an average salary of $46,819, which is higher than the $38,063 average annual salary of a collections assistant.

The top three skills for a collections assistant include patients, data collection and delinquent accounts. The most important skills for a collection analyst are customer service, portfolio, and patients.

Collections assistant vs collection analyst overview

Collections AssistantCollection Analyst
Yearly salary$38,063$46,819
Hourly rate$18.30$22.51
Growth rate-8%-8%
Number of jobs11,33528,967
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 55%
Average age4646
Years of experience1212

Collections assistant vs collection analyst salary

Collections assistants and collection analysts have different pay scales, as shown below.

Collections AssistantCollection Analyst
Average salary$38,063$46,819
Salary rangeBetween $29,000 And $48,000Between $31,000 And $69,000
Highest paying CityNew Haven, CTWashington, DC
Highest paying stateConnecticutConnecticut
Best paying companyCalvin KleinAmerican Tower
Best paying industryHealth CareTechnology

Differences between collections assistant and collection analyst education

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

Collections AssistantCollection Analyst
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common college--

Collections assistant vs collection analyst demographics

Here are the differences between collections assistants' and collection analysts' demographics:

Collections AssistantCollection Analyst
Average age4646
Gender ratioMale, 27.7% Female, 72.3%Male, 37.7% Female, 62.3%
Race ratioBlack or African American, 12.4% Unknown, 4.2% Hispanic or Latino, 19.8% Asian, 3.9% White, 59.3% 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 Percentage8%8%

Differences between collections assistant and collection analyst duties and responsibilities

Collections assistant example responsibilities.

  • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
  • Maintain confidential donor records in accordance with HIPAA.
  • Adhere to FDCPA guidelines pertaining to all telephone contacts.
  • Submit claims to Medicare and Medicaid and third party commercial plans.
  • Assist customers in all areas regarding their accounts while complying with FDCPA regulations.
  • Promote employee safety and compliance of all government federal regulations including OSHA and HIPAA.
  • Show more

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 assistant vs collection analyst skills

Common collections assistant skills
  • Patients, 17%
  • Data Collection, 13%
  • Delinquent Accounts, 5%
  • Collection Calls, 5%
  • Collection Agencies, 5%
  • Medicaid, 4%
Common collection analyst skills
  • Customer Service, 16%
  • Portfolio, 9%
  • Patients, 5%
  • Customer Accounts, 5%
  • Delinquent Accounts, 4%
  • Reconciliations, 4%

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