Collector of internal revenue vs collections/accounts receivable

The differences between collectors of internal revenue and collections/accounts receivables 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 of internal revenue and a collections/accounts receivable. Additionally, a collections/accounts receivable has an average salary of $38,949, which is higher than the $36,264 average annual salary of a collector of internal revenue.

The top three skills for a collector of internal revenue include payment arrangements, legal guidelines and due payments. The most important skills for a collections/accounts receivable are customer service, patients, and delinquent accounts.

Collector of internal revenue vs collections/accounts receivable overview

	Collector Of Internal Revenue	Collections/Accounts Receivable
Yearly salary	$36,264	$38,949
Hourly rate	$17.43	$18.73
Growth rate	-8%	-8%
Number of jobs	13,935	30,523
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 40%
Average age	46	46
Years of experience	12	12

Collector of internal revenue vs collections/accounts receivable salary

Collectors of internal revenue and collections/accounts receivables have different pay scales, as shown below.

	Collector Of Internal Revenue	Collections/Accounts Receivable
Average salary	$36,264	$38,949
Salary range	Between $29,000 And $45,000	Between $30,000 And $49,000
Highest paying City	-	Boston, MA
Highest paying state	-	Connecticut
Best paying company	-	Apollo Global Management
Best paying industry	-	Finance

Differences between collector of internal revenue and collections/accounts receivable education

There are a few differences between a collector of internal revenue and a collections/accounts receivable in terms of educational background:

	Collector Of Internal Revenue	Collections/Accounts Receivable
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 40%
Most common major	Business	Business
Most common college	-	-

Collector of internal revenue vs collections/accounts receivable demographics

Here are the differences between collectors of internal revenue' and collections/accounts receivables' demographics:

	Collector Of Internal Revenue	Collections/Accounts Receivable
Average age	46	46
Gender ratio	Male, 42.4% Female, 57.6%	Male, 25.3% Female, 74.7%
Race ratio	Black or African American, 14.8% Unknown, 3.5% Hispanic or Latino, 16.7% Asian, 2.6% White, 61.9% American Indian and Alaska Native, 0.5%	Black or African American, 12.0% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between collector of internal revenue and collections/accounts receivable duties and responsibilities

Collector of internal revenue example responsibilities.

Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
Disconnect and restore cable services.
Follow strict guidelines incorporate by FDCPA.
Integrate FDCPA regulations and guidelines in every call.
Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
Secure modification documents including HAMP and bank require documents.

Collections/accounts receivable example responsibilities.

Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
Work accounts receivable for Medicaid verification and payments.
Work remittance advice from Medicaid ensuring accuracy of payments.
Research and obtain extensive knowledge of FDCPA debt recovery laws and assist in recovering commercial debt from organizations.
Communicate effectively with patients, physicians, hospital staff, and insurance representatives to ensure accuracy in claims processing.
Review claims to determine if process correctly and if necessary, direct patients to contact insurance companies regarding additional benefit questions.

Collector of internal revenue vs collections/accounts receivable skills

Common collector of internal revenue skills

Payment Arrangements, 44%
Legal Guidelines, 33%
Due Payments, 19%
Past Due Accounts, 5%

Common collections/accounts receivable skills

Customer Service, 21%
Patients, 6%
Delinquent Accounts, 5%
Credit Card Payments, 5%
Past Due Accounts, 5%
Customer Accounts, 5%

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Collector Of Internal Revenue
Collector Of Internal Revenue vs Collections/Accounts Receivable

Updated January 8, 2025

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