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Collector lead vs collections specialist

The differences between collector leads and collections 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 collector lead and a collections specialist. Additionally, a collector lead has an average salary of $99,625, which is higher than the $35,164 average annual salary of a collections specialist.

The top three skills for a collector lead include customer service, collection calls and payment arrangements. The most important skills for a collections specialist are customer service, patients, and customer accounts.

Collector lead vs collections specialist overview

Collector LeadCollections Specialist
Yearly salary$99,625$35,164
Hourly rate$47.90$16.91
Growth rate-8%-8%
Number of jobs6,91940,277
Job satisfaction--
Most common degreeBachelor's Degree, 39%Bachelor's Degree, 34%
Average age4646
Years of experience1212

Collector lead vs collections specialist salary

Collector leads and collections specialists have different pay scales, as shown below.

Collector LeadCollections Specialist
Average salary$99,625$35,164
Salary rangeBetween $63,000 And $155,000Between $27,000 And $45,000
Highest paying CitySan Francisco, CABoston, MA
Highest paying stateConnecticutConnecticut
Best paying companyAccentureKent Daniels & Associates
Best paying industry-Finance

Differences between collector lead and collections specialist education

There are a few differences between a collector lead and a collections specialist in terms of educational background:

Collector LeadCollections Specialist
Most common degreeBachelor's Degree, 39%Bachelor's Degree, 34%
Most common majorBusinessBusiness
Most common college--

Collector lead vs collections specialist demographics

Here are the differences between collector leads' and collections specialists' demographics:

Collector LeadCollections Specialist
Average age4646
Gender ratioMale, 40.5% Female, 59.5%Male, 30.5% Female, 69.5%
Race ratioBlack or African American, 11.7% Unknown, 4.1% Hispanic or Latino, 21.2% Asian, 3.7% White, 58.8% American Indian and Alaska Native, 0.5%Black or African American, 12.2% Unknown, 4.1% Hispanic or Latino, 18.5% Asian, 3.7% White, 61.0% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between collector lead and collections specialist duties and responsibilities

Collector lead example responsibilities.

  • Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
  • Assist department manager in hiring & training new team members on company expectations & FDCPA laws.
  • Exceed monthly goals set by the client while following all guidelines with state laws and FDCPA.
  • Complete monthly A/R account reconciliations with minimal reconciling items requiring resolution.
  • Coordinate monthly inter-company A/R position with multiple operating units around the world.
  • Utilize communication and negotiation skills to understand the customer s specific situation and assist them with determining the best repayment solution.
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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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Collector lead vs collections specialist skills

Common collector lead skills
  • Customer Service, 16%
  • Collection Calls, 9%
  • Payment Arrangements, 7%
  • Credit Card Accounts, 6%
  • Delinquent Accounts, 6%
  • Outbound Calls, 5%
Common collections specialist skills
  • Customer Service, 23%
  • Patients, 8%
  • Customer Accounts, 6%
  • Payment Arrangements, 5%
  • Delinquent Accounts, 4%
  • Phone Calls, 4%

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