Collections specialist vs credit and collections analyst

Differences between collections specialist and credit and collections analyst duties and responsibilities

Collections specialist example responsibilities.

• Manage university A/R processes and enforce tuition payment policy.
• Manage accounts for healthcare clients, review detailed patient information for payment resolution while abiding HIPPA privacy and security regulations.
• Review denied Medicare and Maine Medicaid insurance claims for accuracy.
• Analyze hospital insurance claims of individual patients for errors and contact major insurance carriers for claims dispute resolution.
• Analyze accounts for patients ineligible for private insurance, Medicare or Medicaid and indicating inability to pay balance.
• Possess effective persuasion and negotiation skills, excellent interpersonal and communications skills with the ability to deliver quality customer service.
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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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