Credit and collections analyst vs collection analyst

The differences between credit and collections analysts and collection 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 a collection analyst. Additionally, a credit and collections analyst has an average salary of $49,262, which is higher than the $46,819 average annual salary of a collection 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 collection analyst are customer service, portfolio, and patients.

Credit and collections analyst vs collection analyst overview

	Credit And Collections Analyst	Collection Analyst
Yearly salary	$49,262	$46,819
Hourly rate	$23.68	$22.51
Growth rate	-8%	-8%
Number of jobs	18,105	28,967
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 55%
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 a collection analyst do?

Collections analysts assess the riskiness of a company or person in credit extension and repayment collection. The analysts manage data processing contract procurement negotiation. They help in the quarterly and yearly external and internal audits. It is part of their job to collect the first payment default and make sure that portfolios are inappropriate performance. They also act on collection calls for the area of responsibility assigned to them.

Credit and collections analyst vs collection analyst salary

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

	Credit And Collections Analyst	Collection Analyst
Average salary	$49,262	$46,819
Salary range	Between $35,000 And $69,000	Between $31,000 And $69,000
Highest paying City	Bridgewater, NJ	Washington, DC
Highest paying state	Connecticut	Connecticut
Best paying company	Vishay	American Tower
Best paying industry	Finance	Technology

Differences between credit and collections analyst and collection analyst education

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

	Credit And Collections Analyst	Collection Analyst
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 55%
Most common major	Business	Business
Most common college	-	-

Credit and collections analyst vs collection analyst demographics

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

	Credit And Collections Analyst	Collection Analyst
Average age	46	46
Gender ratio	Male, 30.0% Female, 70.0%	Male, 37.7% Female, 62.3%
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, 13.9% Unknown, 4.2% Hispanic or Latino, 18.6% Asian, 4.0% White, 58.8% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between credit and collections analyst and collection 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.

Collection analyst example responsibilities.

Represent and lead the collections' team during executive management weekly conference calls providing updates on the delinquent A/R reports.
Assist in reducing the DSO down and limit bad debt expense while focusing on building revenue.
Maintain customer relations while improving company DSO.
Work remittance advice from Medicaid and Medicare ensuring accuracy of payments, correcting account billing according with Medicaid or Medicare disposition.
Do credit checks for new clients with Dunn & Bradstreet along with Equifax.
Perform processing functions necessary to ensure timely and accurate DME billing.

Credit and collections analyst vs collection 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 collection analyst skills

Customer Service, 16%
Portfolio, 9%
Patients, 5%
Customer Accounts, 5%
Delinquent Accounts, 4%
Reconciliations, 4%

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Credit And Collections Analyst vs Collection Analyst

Updated January 8, 2025

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