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Collections assistant vs credit and collections analyst

The differences between collections assistants and credit and collections 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 credit and collections analyst. Additionally, a credit and collections analyst has an average salary of $49,262, 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 credit and collections analyst are customer service, credit limits, and past due accounts.

Collections assistant vs credit and collections analyst overview

Collections AssistantCredit And Collections Analyst
Yearly salary$38,063$49,262
Hourly rate$18.30$23.68
Growth rate-8%-8%
Number of jobs11,33518,105
Job satisfaction--
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 52%
Average age4646
Years of experience1212

Collections assistant vs credit and collections analyst salary

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

Collections AssistantCredit And Collections Analyst
Average salary$38,063$49,262
Salary rangeBetween $29,000 And $48,000Between $35,000 And $69,000
Highest paying CityNew Haven, CTBridgewater, NJ
Highest paying stateConnecticutConnecticut
Best paying companyCalvin KleinVishay
Best paying industryHealth CareFinance

Differences between collections assistant and credit and collections analyst education

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

Collections AssistantCredit And Collections Analyst
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common college--

Collections assistant vs credit and collections analyst demographics

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

Collections AssistantCredit And Collections Analyst
Average age4646
Gender ratioMale, 27.7% Female, 72.3%Male, 30.0% Female, 70.0%
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, 12.0% Unknown, 4.0% Hispanic or Latino, 20.5% Asian, 3.6% White, 59.4% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collections assistant and credit and collections 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.
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Credit and collections analyst example responsibilities.

  • Represent and lead the collections' team during executive management weekly conference calls providing updates on the delinquent A/R reports.
  • Identify and submit financial adjustments using SOX controls and GAAP accounting principles, increasing monthly AR collection.
  • Develop and maintain detailed spreadsheets on all UCC activity for the branch for tracking purposes and follow-up.
  • Establish the UCC filing template and liaise with agent bank to get UCC filing in due time.
  • Oversee the DSO level and negotiate account settlements, payment plans, and attend small claims court for small businesses.
  • Attend regular credit meetings with order management, sales, treasury, and revenue recognition groups to resolve business issues.
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Collections assistant vs credit and collections analyst skills

Common collections assistant skills
  • Patients, 17%
  • Data Collection, 13%
  • Delinquent Accounts, 5%
  • Collection Calls, 5%
  • Collection Agencies, 5%
  • Medicaid, 4%
Common credit and collections analyst skills
  • Customer Service, 18%
  • Credit Limits, 5%
  • Past Due Accounts, 5%
  • Delinquent Accounts, 4%
  • Financial Statements, 4%
  • Credit Card Payments, 3%

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