Credit and collections analyst vs accounts receivable analyst

The differences between credit and collections analysts and accounts receivable 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 credit and collections analyst and an accounts receivable analyst. Additionally, a credit and collections analyst has an average salary of $49,262, which is higher than the $43,692 average annual salary of an accounts receivable analyst.

The top three skills for a credit and collections analyst include customer service, credit limits and past due accounts. The most important skills for an accounts receivable analyst are customer service, reconciliations, and customer accounts.

Credit and collections analyst vs accounts receivable analyst overview

	Credit And Collections Analyst	Accounts Receivable Analyst
Yearly salary	$49,262	$43,692
Hourly rate	$23.68	$21.01
Growth rate	-8%	-8%
Number of jobs	18,105	26,558
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 61%
Average age	46	46
Years of experience	12	12

What does a credit and collections analyst do?

A credit and collections analyst is responsible for evaluating clients' account statements and financial transactions, analyzing their credit scores, and creating payment plans for outstanding debts. Credit and collections analysts assist in handling account discrepancies and financial disputes, reaching out to financial institutions and clients to collect documents and necessary data for resolution processes. They also update the clients' information on the database, analyze the terms of service of contracts, and respond to the customers' inquiries and concerns regarding their account status.

What does an accounts receivable analyst do?

An Accounts Receivable Analyst provides accounts receivable support through monitoring all aspects of the collection of outstanding debts owed to a company. They check missing and unresolved payment issues, monitor overdue accounts, and prepare statements for managers.

Credit and collections analyst vs accounts receivable analyst salary

Credit and collections analysts and accounts receivable analysts have different pay scales, as shown below.

	Credit And Collections Analyst	Accounts Receivable Analyst
Average salary	$49,262	$43,692
Salary range	Between $35,000 And $69,000	Between $33,000 And $57,000
Highest paying City	Bridgewater, NJ	Arlington, VA
Highest paying state	Connecticut	Connecticut
Best paying company	Vishay	Pacific Investment Management Company LLC
Best paying industry	Finance	Hospitality

Differences between credit and collections analyst and accounts receivable analyst education

There are a few differences between a credit and collections analyst and an accounts receivable analyst in terms of educational background:

	Credit And Collections Analyst	Accounts Receivable Analyst
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	-	-

Credit and collections analyst vs accounts receivable analyst demographics

Here are the differences between credit and collections analysts' and accounts receivable analysts' demographics:

	Credit And Collections Analyst	Accounts Receivable Analyst
Average age	46	46
Gender ratio	Male, 30.0% Female, 70.0%	Male, 29.4% Female, 70.6%
Race ratio	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%	Black or African American, 14.2% Unknown, 4.0% Hispanic or Latino, 18.7% Asian, 3.5% White, 59.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between credit and collections analyst and accounts receivable analyst duties and responsibilities

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.

Accounts receivable analyst example responsibilities.

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Perform and analyze all accounts receivable duties, including proper application of cash, check, ACH, and wire transactions.
Forecast estimate check clearing, deposits, ACH activities and other variables in order to set guidelines for daily cash position.
Verify benefits and eligibility for new patients.
Determine medical benefits base on contractual agreements assuring benefits are applied correctly for patients during claims processing.
Code invoices, research customer information, perform detail reconciliations, analyze exceptions with customer information and billing.

Credit and collections analyst vs accounts receivable analyst skills

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%

Common accounts receivable analyst skills

Customer Service, 13%
Reconciliations, 8%
Customer Accounts, 7%
Pivot Tables, 4%
Patients, 4%
Financial Reports, 4%

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Credit And Collections Analyst
Credit And Collections Analyst vs Accounts Receivable Analyst

Updated January 8, 2025

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