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Collections coordinator vs collections, customer service

The differences between collections coordinators and collectionss, customer service 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 coordinator and a collections, customer service. Additionally, a collections coordinator has an average salary of $37,938, which is higher than the $32,870 average annual salary of a collections, customer service.

The top three skills for a collections coordinator include customer service, patients and phone calls. The most important skills for a collections, customer service are strong customer service, customer service, and payment arrangements.

Collections coordinator vs collections, customer service overview

Collections CoordinatorCollections, Customer Service
Yearly salary$37,938$32,870
Hourly rate$18.24$15.80
Growth rate-8%-8%
Number of jobs40,113161,544
Job satisfaction--
Most common degreeBachelor's Degree, 48%High School Diploma, 33%
Average age4646
Years of experience1212

What does a collections coordinator do?

Usually working alongside a company's account receivables team, a collections coordinator is in charge of developing strategies to optimize the payment collection operations. Among their responsibilities include reaching out to clients through calls or correspondence to remind them of their payment obligations, arranging appointments, processing payments, arranging payment terms, and researching a client's communication information such as cellphone number, address, or email. Moreover, a collections coordinator must maintain an active communication line with staff while promoting and enforcing the company's policies and regulations.

What does a collections, customer service do?

A collections customer service or collections agent is the person who is in charge of collecting past-due bill payments. Collections agents establish a list of individuals who failed to make their payments. They organize the list based on the severity of their delinquency. It is their task to find the location of the customers through background checks, credit bureau information, and loan documents. Those who are interested in this job should develop skills in intuition, quick thinking, problem-solving, and communication.

Collections coordinator vs collections, customer service salary

Collections coordinators and collectionss, customer service have different pay scales, as shown below.

Collections CoordinatorCollections, Customer Service
Average salary$37,938$32,870
Salary rangeBetween $30,000 And $47,000Between $27,000 And $39,000
Highest paying CityNew York, NYDanvers, MA
Highest paying stateConnecticutVirginia
Best paying companyUniversity of California, BerkeleyUniversity of California
Best paying industryProfessionalAutomotive

Differences between collections coordinator and collections, customer service education

There are a few differences between a collections coordinator and a collections, customer service in terms of educational background:

Collections CoordinatorCollections, Customer Service
Most common degreeBachelor's Degree, 48%High School Diploma, 33%
Most common majorBusinessBusiness
Most common college--

Collections coordinator vs collections, customer service demographics

Here are the differences between collections coordinators' and collectionss, customer service' demographics:

Collections CoordinatorCollections, Customer Service
Average age4646
Gender ratioMale, 26.6% Female, 73.4%Male, 29.3% Female, 70.7%
Race ratioBlack or African American, 12.1% Unknown, 4.1% Hispanic or Latino, 20.8% Asian, 3.6% White, 59.0% American Indian and Alaska Native, 0.5%Black or African American, 11.4% Unknown, 4.2% Hispanic or Latino, 20.3% Asian, 3.8% White, 59.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collections coordinator and collections, customer service duties and responsibilities

Collections coordinator example responsibilities.

  • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
  • Manage accounts receivable/payment, insurance billing and follow-up for a solo physician clinic, and direct communication with patients regarding bills.
  • Audit outstanding accounts and resolve any balances including calling Medicare, Medicaid, government, private or commercial insurances.
  • Perform daily follow-up on Medicare, Medicaid, workers compensation and commercial insurances.
  • Hand illustrate fully render with marker and colore pencil sketches and Photoshop render drawings.
  • Submit insurance appeals and provider disputes when necessary.
  • Show more

Collections, customer service example responsibilities.

  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Provide excellent verbal, written, oral communication skills, attend ongoing training of collections and FDCPA regulations and guidelines.
  • Provide excellent interpersonal, negotiation, and customer service skills via telephone.
  • Research accounts to verify credits and debits make are accurately post against supporting documents showing timely reflect within the FDCPA guidelines.
  • Prevent impending loss and increase profitability through negotiation and enforcement of schedule collection campaigns.
  • Submit additional information request by insurance companies such as medical records, primary/secondary insurance explanation of benefits (EOB).
  • Show more

Collections coordinator vs collections, customer service skills

Common collections coordinator skills
  • Customer Service, 15%
  • Patients, 12%
  • Phone Calls, 6%
  • Collection Efforts, 4%
  • Delinquent Accounts, 4%
  • Appeals, 4%
Common collections, customer service skills
  • Strong Customer Service, 45%
  • Customer Service, 12%
  • Payment Arrangements, 5%
  • Credit Card Payments, 4%
  • Delinquent Accounts, 4%
  • Past Due Accounts, 3%

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