Collector of internal revenue vs credit and collections analyst

The differences between collectors of internal revenue and credit and collections analysts 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 credit and collections analyst. Additionally, a credit and collections analyst has an average salary of $49,262, 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 credit and collections analyst are customer service, credit limits, and past due accounts.

Collector of internal revenue vs credit and collections analyst overview

	Collector Of Internal Revenue	Credit And Collections Analyst
Yearly salary	$36,264	$49,262
Hourly rate	$17.43	$23.68
Growth rate	-8%	-8%
Number of jobs	13,935	18,105
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 52%
Average age	46	46
Years of experience	12	12

Collector of internal revenue vs credit and collections analyst salary

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

	Collector Of Internal Revenue	Credit And Collections Analyst
Average salary	$36,264	$49,262
Salary range	Between $29,000 And $45,000	Between $35,000 And $69,000
Highest paying City	-	Bridgewater, NJ
Highest paying state	-	Connecticut
Best paying company	-	Vishay
Best paying industry	-	Finance

Differences between collector of internal revenue and credit and collections analyst education

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

	Collector Of Internal Revenue	Credit And Collections Analyst
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 52%
Most common major	Business	Business
Most common college	-	-

Collector of internal revenue vs credit and collections analyst demographics

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

	Collector Of Internal Revenue	Credit And Collections Analyst
Average age	46	46
Gender ratio	Male, 42.4% Female, 57.6%	Male, 30.0% Female, 70.0%
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, 4.0% Hispanic or Latino, 20.5% Asian, 3.6% White, 59.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between collector of internal revenue and credit and collections analyst 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.

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.

Collector of internal revenue vs credit and collections analyst skills

Common collector of internal revenue skills

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

Common credit and collections analyst skills

Customer Service, 18%
Credit Limits, 5%
Past Due Accounts, 5%
Delinquent Accounts, 4%
Financial Statements, 4%
Credit Card Payments, 3%

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Collector Of Internal Revenue
Collector Of Internal Revenue vs Credit And Collections Analyst

Updated January 8, 2025

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