Commercial collector vs senior collector

The differences between commercial collectors and senior collectors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a commercial collector and a senior collector. Additionally, a senior collector has an average salary of $85,626, which is higher than the $36,230 average annual salary of a commercial collector.

The top three skills for a commercial collector include delinquent accounts, customer service and FDCPA. The most important skills for a senior collector are customer service, payment arrangements, and past due accounts.

Commercial collector vs senior collector overview

	Commercial Collector	Senior Collector
Yearly salary	$36,230	$85,626
Hourly rate	$17.42	$41.17
Growth rate	-8%	-8%
Number of jobs	42,081	5,614
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 39%	Bachelor's Degree, 41%
Average age	46	46
Years of experience	12	12

Commercial collector vs senior collector salary

Commercial collectors and senior collectors have different pay scales, as shown below.

	Commercial Collector	Senior Collector
Average salary	$36,230	$85,626
Salary range	Between $29,000 And $43,000	Between $50,000 And $145,000
Highest paying City	Hartford, CT	-
Highest paying state	Connecticut	-
Best paying company	Capgemini	-
Best paying industry	Finance	-

Differences between commercial collector and senior collector education

There are a few differences between a commercial collector and a senior collector in terms of educational background:

	Commercial Collector	Senior Collector
Most common degree	Bachelor's Degree, 39%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	-	-

Commercial collector vs senior collector demographics

Here are the differences between commercial collectors' and senior collectors' demographics:

	Commercial Collector	Senior Collector
Average age	46	46
Gender ratio	Male, 39.0% Female, 61.0%	Male, 40.1% Female, 59.9%
Race ratio	Black or African American, 13.4% Unknown, 4.0% Hispanic or Latino, 20.2% Asian, 3.5% White, 58.4% American Indian and Alaska Native, 0.5%	Black or African American, 13.4% Unknown, 4.1% Hispanic or Latino, 20.9% Asian, 3.7% White, 57.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between commercial collector and senior collector duties and responsibilities

Commercial collector example responsibilities.

Interpret manage care contracts and/or Medicare and Medicaid rules and regulations to ensure proper reimbursement/collection.
Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
Follow the guidelines set by FDCPA
Adhere to FDCPA, state, and federal commercial laws.
Escalate issues with internal business partners for quick resolution to ensure customer satisfaction to maintain health of portfolio against assign metrics.
Collect and record deposits and initiate and/or approve ACH distributions.

Senior collector example responsibilities.

Accomplish the above in compliance with HIPAA regulations.
Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
Record CPT codes and ICD-9 codes on billing forms.
Develop and pursue collection strategies to reduce the DSO.
Process credit cards, purchase cards, ACH payments.
Used the Medicaid web portal to check claim status and eligibility.

Commercial collector vs senior collector skills

Common commercial collector skills

Delinquent Accounts, 9%
Customer Service, 8%
FDCPA, 8%
Past Due Accounts, 6%
Collection Calls, 6%
Payment Arrangements, 5%

Common senior collector skills

Customer Service, 16%
Payment Arrangements, 13%
Past Due Accounts, 6%
Debt Repayment, 5%
Loss Mitigation, 5%
FDCPA, 4%

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Commercial Collector
Commercial Collector vs Senior Collector

Updated January 8, 2025

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