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The differences between collections representatives and collections coordinators 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 representative and a collections coordinator. Additionally, a collections coordinator has an average salary of $37,938, which is higher than the $34,015 average annual salary of a collections representative.
The top three skills for a collections representative include payment arrangements, customer service and delinquent accounts. The most important skills for a collections coordinator are customer service, patients, and phone calls.
| Collections Representative | Collections Coordinator | |
| Yearly salary | $34,015 | $37,938 |
| Hourly rate | $16.35 | $18.24 |
| Growth rate | -8% | -8% |
| Number of jobs | 85,275 | 40,113 |
| Job satisfaction | - | - |
| Most common degree | High School Diploma, 33% | Bachelor's Degree, 48% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
A Collections Representative's role is to collect payment for outstanding or overdue bills through phone calls, email, mail, or sometimes personal appointments. A Collections Representative is required to have a great deal of research and communication skills in order to reach out to people and explain how to settle their debts or even negotiate a payment term or plan. Collections Representatives must also make sure that these terms are honored and met, and create reports for the creditor regarding the delinquent accounts.
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.
Collections representatives and collections coordinators have different pay scales, as shown below.
| Collections Representative | Collections Coordinator | |
| Average salary | $34,015 | $37,938 |
| Salary range | Between $26,000 And $42,000 | Between $30,000 And $47,000 |
| Highest paying City | San Ramon, CA | New York, NY |
| Highest paying state | California | Connecticut |
| Best paying company | University of California, Berkeley | University of California, Berkeley |
| Best paying industry | Finance | Professional |
There are a few differences between a collections representative and a collections coordinator in terms of educational background:
| Collections Representative | Collections Coordinator | |
| Most common degree | High School Diploma, 33% | Bachelor's Degree, 48% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between collections representatives' and collections coordinators' demographics:
| Collections Representative | Collections Coordinator | |
| Average age | 46 | 46 |
| Gender ratio | Male, 30.6% Female, 69.4% | Male, 26.6% Female, 73.4% |
| Race ratio | Black or African American, 12.2% Unknown, 3.9% Hispanic or Latino, 18.9% Asian, 3.4% White, 61.1% American Indian and Alaska Native, 0.5% | Black 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% |
| LGBT Percentage | 8% | 8% |