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Collector of internal revenue vs collections specialist

The differences between collectors of internal revenue 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 of internal revenue and a collections specialist. Additionally, a collector of internal revenue has an average salary of $36,264, which is higher than the $35,164 average annual salary of a collections specialist.

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 specialist are customer service, patients, and customer accounts.

Collector of internal revenue vs collections specialist overview

Collector Of Internal RevenueCollections Specialist
Yearly salary$36,264$35,164
Hourly rate$17.43$16.91
Growth rate-8%-8%
Number of jobs13,93540,277
Job satisfaction--
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 34%
Average age4646
Years of experience1212

Collector of internal revenue vs collections specialist salary

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

Collector Of Internal RevenueCollections Specialist
Average salary$36,264$35,164
Salary rangeBetween $29,000 And $45,000Between $27,000 And $45,000
Highest paying City-Boston, MA
Highest paying state-Connecticut
Best paying company-Kent Daniels & Associates
Best paying industry-Finance

Differences between collector of internal revenue and collections specialist education

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

Collector Of Internal RevenueCollections Specialist
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 34%
Most common majorBusinessBusiness
Most common college--

Collector of internal revenue vs collections specialist demographics

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

Collector Of Internal RevenueCollections Specialist
Average age4646
Gender ratioMale, 42.4% Female, 57.6%Male, 30.5% Female, 69.5%
Race ratioBlack 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, 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 of internal revenue and collections specialist 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 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.
  • Show more

Collector of internal revenue vs collections specialist skills

Common collector of internal revenue skills
  • Payment Arrangements, 44%
  • Legal Guidelines, 33%
  • Due Payments, 19%
  • Past Due Accounts, 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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