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Collections associate vs senior collector

The differences between collections associates and senior collectors 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 associate and a senior collector. Additionally, a senior collector has an average salary of $85,626, which is higher than the $38,589 average annual salary of a collections associate.

The top three skills for a collections associate include phone calls, customer service and UPC. The most important skills for a senior collector are customer service, payment arrangements, and past due accounts.

Collections associate vs senior collector overview

Collections AssociateSenior Collector
Yearly salary$38,589$85,626
Hourly rate$18.55$41.17
Growth rate-8%-8%
Number of jobs20,2975,614
Job satisfaction--
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 41%
Average age4646
Years of experience1212

Collections associate vs senior collector salary

Collections associates and senior collectors have different pay scales, as shown below.

Collections AssociateSenior Collector
Average salary$38,589$85,626
Salary rangeBetween $23,000 And $63,000Between $50,000 And $145,000
Highest paying CityDanbury, CT-
Highest paying stateAlaska-
Best paying companyJPMorgan Chase & Co.-
Best paying industryFinance-

Differences between collections associate and senior collector education

There are a few differences between a collections associate and a senior collector in terms of educational background:

Collections AssociateSenior Collector
Most common degreeBachelor's Degree, 43%Bachelor's Degree, 41%
Most common majorBusinessBusiness
Most common college--

Collections associate vs senior collector demographics

Here are the differences between collections associates' and senior collectors' demographics:

Collections AssociateSenior Collector
Average age4646
Gender ratioMale, 34.4% Female, 65.6%Male, 40.1% Female, 59.9%
Race ratioBlack or African American, 12.3% Unknown, 4.2% Hispanic or Latino, 17.5% Asian, 3.8% White, 61.7% American Indian and Alaska Native, 0.5%Black or African American, 13.4% Unknown, 4.1% Hispanic or Latino, 20.9% Asian, 3.7% White, 57.4% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collections associate and senior collector duties and responsibilities

Collections associate example responsibilities.

  • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
  • Perform follow up on Medicaid accounts.
  • Execute assertive collection skills for inbound/outbound calls while meeting FDCPA guidelines.
  • Call center collections following FDCPA guidelines for third party outbound collections.
  • Perform collections activities on delinquent loan accounts to include repossessions, foreclosures, bankruptcy proceedings, and disposition of repossess assets.
  • Position requires knowledge of Medicaid/Medicare formulary of cover drugs, the dosage and restrictions.
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Senior collector example responsibilities.

  • Accomplish the above in compliance with HIPAA regulations.
  • Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
  • Record CPT codes and ICD-9 codes on billing forms.
  • Develop and pursue collection strategies to reduce the DSO.
  • Process credit cards, purchase cards, ACH payments.
  • Used the Medicaid web portal to check claim status and eligibility.
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Collections associate vs senior collector skills

Common collections associate skills
  • Phone Calls, 16%
  • Customer Service, 14%
  • UPC, 10%
  • Time Card, 7%
  • Retail Store, 7%
  • Patients, 4%
Common senior collector skills
  • Customer Service, 16%
  • Payment Arrangements, 13%
  • Past Due Accounts, 6%
  • Debt Repayment, 5%
  • Loss Mitigation, 5%
  • FDCPA, 4%

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