Data collector vs credit and collections analyst

The differences between data collectors and credit and collections 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 data collector and a credit and collections analyst. Additionally, a credit and collections analyst has an average salary of $49,262, which is higher than the $35,626 average annual salary of a data collector.

The top three skills for a data collector include audit type, grocery store and retail store. The most important skills for a credit and collections analyst are customer service, credit limits, and past due accounts.

Data collector vs credit and collections analyst overview

	Data Collector	Credit And Collections Analyst
Yearly salary	$35,626	$49,262
Hourly rate	$17.13	$23.68
Growth rate	-8%	-8%
Number of jobs	80,812	18,105
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 52%
Average age	46	46
Years of experience	12	12

What does a data collector do?

A data collector is responsible for providing accurate and adequate information needed for business purposes and lead generation. Data collectors must have excellent knowledge of the data processing procedures, especially on updating information on the database, conducting web research, and revising statistical data as needed. They also perform related administrative and clerical duties, such as responding to customers' inquiries and concerns, writing reports, tracking business transactions, and creating business presentations. A data collector should be detail-oriented, doing tasks under minimal supervision, and complying with management deadlines.

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.

Data collector vs credit and collections analyst salary

Data collectors and credit and collections analysts have different pay scales, as shown below.

	Data Collector	Credit And Collections Analyst
Average salary	$35,626	$49,262
Salary range	Between $31,000 And $40,000	Between $35,000 And $69,000
Highest paying City	Washington, DC	Bridgewater, NJ
Highest paying state	California	Connecticut
Best paying company	EDC	Vishay
Best paying industry	Government	Finance

Differences between data collector and credit and collections analyst education

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

	Data Collector	Credit And Collections Analyst
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 52%
Most common major	Business	Business
Most common college	-	-

Data collector vs credit and collections analyst demographics

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

	Data Collector	Credit And Collections Analyst
Average age	46	46
Gender ratio	Male, 40.6% Female, 59.4%	Male, 30.0% Female, 70.0%
Race ratio	Black or African American, 13.8% Unknown, 4.1% Hispanic or Latino, 20.5% Asian, 3.7% White, 57.3% American Indian and Alaska Native, 0.5%	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%
LGBT Percentage	8%	8%

Differences between data collector and credit and collections analyst duties and responsibilities

Data collector example responsibilities.

Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
Collect from all insurances (HMO, PPO, and MEDICARE).
Attend trainings and abide by HIPAA regulations.
Collect from insurance companies (PPO and Medicare).
Execute database queries in SQL in response to client requests.
Collect pricing information in grocery, office, pet and mass retailers

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.

Data collector vs credit and collections analyst skills

Common data collector skills

Audit Type, 31%
Grocery Store, 17%
Retail Store, 16%
UPC, 10%
PET, 8%
Inter-Rater Reliability, 2%

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%

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Data Collector vs Credit And Collections Analyst

Updated January 8, 2025

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