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Collections senior representative vs senior collection specialist

The differences between collections senior representatives and senior collection specialists 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 senior representative and a senior collection specialist. Additionally, a collections senior representative has an average salary of $47,814, which is higher than the $45,150 average annual salary of a senior collection specialist.

The top three skills for a collections senior representative include strong customer service, data entry and FDCPA. The most important skills for a senior collection specialist are portfolio, customer service, and past due accounts.

Collections senior representative vs senior collection specialist overview

Collections Senior RepresentativeSenior Collection Specialist
Yearly salary$47,814$45,150
Hourly rate$22.99$21.71
Growth rate-8%-8%
Number of jobs13,95031,192
Job satisfaction--
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 41%
Average age4646
Years of experience1212

Collections senior representative vs senior collection specialist salary

Collections senior representatives and senior collection specialists have different pay scales, as shown below.

Collections Senior RepresentativeSenior Collection Specialist
Average salary$47,814$45,150
Salary rangeBetween $34,000 And $67,000Between $33,000 And $61,000
Highest paying City-Hartford, CT
Highest paying state-Connecticut
Best paying company-JPMorgan Chase & Co.
Best paying industry-Health Care

Differences between collections senior representative and senior collection specialist education

There are a few differences between a collections senior representative and a senior collection specialist in terms of educational background:

Collections Senior RepresentativeSenior Collection Specialist
Most common degreeBachelor's Degree, 36%Bachelor's Degree, 41%
Most common majorBusinessBusiness
Most common college--

Collections senior representative vs senior collection specialist demographics

Here are the differences between collections senior representatives' and senior collection specialists' demographics:

Collections Senior RepresentativeSenior Collection Specialist
Average age4646
Gender ratioMale, 37.3% Female, 62.7%Male, 40.4% Female, 59.6%
Race ratioBlack or African American, 12.5% Unknown, 4.0% Hispanic or Latino, 18.0% Asian, 3.6% White, 61.4% American Indian and Alaska Native, 0.5%Black or African American, 12.3% Unknown, 4.0% Hispanic or Latino, 20.9% Asian, 3.5% White, 58.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collections senior representative and senior collection specialist duties and responsibilities

Collections senior representative example responsibilities.

  • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
  • Avoid legal challenges by complying with the guidelines set forth in the FDCPA and company collection policies.
  • Track and contact responsible party's to secure payment of outstanding debts following FDCPA and HIPAA guidelines.
  • Integrate experimental ISR technologies to maximize intelligence collection and reduce work load on analysts and high demand low density collection assets.
  • Work with customers to research and resolve billing issues, including credit card declines and ACH returns and rejects.
  • Maintain collection portfolios on a daily basis to reduce DSO.
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Senior collection specialist example responsibilities.

  • Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
  • Work comp, MV cases, Medicare, Medicaid and commercial insurances.
  • Follow Medicare guidelines, posses knowledge of ICD and CPT coding, medical and reimbursement terminology, third party billing
  • Cross train fellow agents in store support and online product matrix, and train incoming agents in software and FDCPA guidelines.
  • Participate in the Medicaid conversion project.
  • Verify correct consumer provide disclosure to ensure compliance with FDCPA regulations.
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Collections senior representative vs senior collection specialist skills

Common collections senior representative skills
  • Strong Customer Service, 11%
  • Data Entry, 10%
  • FDCPA, 7%
  • Collection Practices, 7%
  • Customer Service, 6%
  • Strong Negotiation, 6%
Common senior collection specialist skills
  • Portfolio, 9%
  • Customer Service, 8%
  • Past Due Accounts, 8%
  • Delinquent Accounts, 6%
  • Customer Accounts, 6%
  • Payment Arrangements, 5%

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