Credit and collections analyst vs billing analyst

The differences between credit and collections analysts and billing analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a credit and collections analyst, becoming a billing analyst takes usually requires 1-2 years. Additionally, a billing analyst has an average salary of $51,544, which is higher than the $49,262 average annual salary of a credit and collections 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 a billing analyst are customer service, patients, and billing issues.

Credit and collections analyst vs billing analyst overview

	Credit And Collections Analyst	Billing Analyst
Yearly salary	$49,262	$51,544
Hourly rate	$23.68	$24.78
Growth rate	-8%	-3%
Number of jobs	18,105	30,566
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 59%
Average age	46	46
Years of experience	12	2

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 a billing analyst do?

A billing analyst is responsible for supporting the operations of an accounting department, evaluating and issuing invoices, and analyzing the financial transactions of the company. Billing analysts assist with creating financial statements and reports, managing billing discrepancies, updating recent account statements on the company's database, and checking the accuracy of balance sheets. A billing analyst must have excellent analytical skills, as well as the knowledge of the accounting principles, performing account reconciliations, processing receivables, and tracking clients' billing statements.

Credit and collections analyst vs billing analyst salary

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

	Credit And Collections Analyst	Billing Analyst
Average salary	$49,262	$51,544
Salary range	Between $35,000 And $69,000	Between $35,000 And $73,000
Highest paying City	Bridgewater, NJ	Washington, DC
Highest paying state	Connecticut	Alaska
Best paying company	Vishay	Meta
Best paying industry	Finance	Finance

Differences between credit and collections analyst and billing analyst education

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

	Credit And Collections Analyst	Billing Analyst
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 59%
Most common major	Business	Business
Most common college	-	University of Pennsylvania

Credit and collections analyst vs billing analyst demographics

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

	Credit And Collections Analyst	Billing Analyst
Average age	46	46
Gender ratio	Male, 30.0% Female, 70.0%	Male, 29.7% Female, 70.3%
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, 11.3% Unknown, 4.4% Hispanic or Latino, 18.4% Asian, 7.3% White, 57.7% American Indian and Alaska Native, 0.9%
LGBT Percentage	8%	7%

Differences between credit and collections analyst and billing 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.

Billing analyst example responsibilities.

Set up, manage, and terminate ACH accounts.
Manage multiple contracts including timely and accurate billing of monthly invoices, payment notifications, and reconciliations.
Use of the CMS website to determine the correct LCDs or NCDs for Medicare claims.
Master sales, events, and reservations systems.
Produce month-end reports from IDX for executive staff.
Prepare provisional invoices for billing after provisional rates are receive from DCAA.

Credit and collections analyst vs billing 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 billing analyst skills

Customer Service, 16%
Patients, 7%
Billing Issues, 6%
Strong Analytical, 5%
Billing System, 5%
Data Entry, 4%

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Credit And Collections Analyst
Credit And Collections Analyst vs Billing Analyst

Updated January 8, 2025

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