Collector of internal revenue vs collections representative

The differences between collectors of internal revenue and collections representatives 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 representative. Additionally, a collector of internal revenue has an average salary of $36,264, which is higher than the $34,015 average annual salary of a collections representative.

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 representative are payment arrangements, customer service, and delinquent accounts.

Collector of internal revenue vs collections representative overview

	Collector Of Internal Revenue	Collections Representative
Yearly salary	$36,264	$34,015
Hourly rate	$17.43	$16.35
Growth rate	-8%	-8%
Number of jobs	13,935	85,275
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	High School Diploma, 33%
Average age	46	46
Years of experience	12	12

Collector of internal revenue vs collections representative salary

Collectors of internal revenue and collections representatives have different pay scales, as shown below.

	Collector Of Internal Revenue	Collections Representative
Average salary	$36,264	$34,015
Salary range	Between $29,000 And $45,000	Between $26,000 And $42,000
Highest paying City	-	San Ramon, CA
Highest paying state	-	California
Best paying company	-	University of California, Berkeley
Best paying industry	-	Finance

Differences between collector of internal revenue and collections representative education

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

	Collector Of Internal Revenue	Collections Representative
Most common degree	Bachelor's Degree, 67%	High School Diploma, 33%
Most common major	Business	Business
Most common college	-	-

Collector of internal revenue vs collections representative demographics

Here are the differences between collectors of internal revenue' and collections representatives' demographics:

	Collector Of Internal Revenue	Collections Representative
Average age	46	46
Gender ratio	Male, 42.4% Female, 57.6%	Male, 30.6% Female, 69.4%
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, 12.2% Unknown, 3.9% Hispanic or Latino, 18.9% Asian, 3.4% White, 61.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between collector of internal revenue and collections representative 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 representative example responsibilities.

Protect A/R assets by managing a portfolio of accounts to maximize gainful sales and reduce debt losses.
Maintain effective communication and utilize negotiation skills with internal and external customers to effect collections while maintaining customer good will.
Submit all reconsideration and appeals if need.
Conduct periodic data cleaning of queues balances deny with deny appeals.
Resolve valid or authorize NSF charges due to decline credit cards or ACH transactions.
Collect and count inventories, reconcile purchases and scan UPC's and inputting price information.

Collector of internal revenue vs collections representative skills

Common collector of internal revenue skills

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

Common collections representative skills

Payment Arrangements, 14%
Customer Service, 13%
Delinquent Accounts, 9%
Past Due Accounts, 6%
Customer Accounts, 4%
Debt Repayment, 4%

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Collector Of Internal Revenue
Collector Of Internal Revenue vs Collections Representative

Updated January 8, 2025

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