Credit and collections analyst vs collector

Differences between credit and collections analyst and collector 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.
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Collector example responsibilities.

• Manage patient focuse reports, collection modules, provider/facility A/R, collections, patient discharge letters.
• Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
• Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
• Provide customer service via telephone and correspondence for patients and authorize representatives regarding outstanding patient accounts in accordance with facility protocol.
• Verify and run eligibility on the following insurance, Medi-Cal, Medi-Cal HMO, Medicare, Medicare HMO.
• Provide excellent customer service while following HIPPA confidentiality laws.
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