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Debt counselor vs accounts receivable analyst

The differences between debt counselors and accounts receivable analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a debt counselor, becoming an accounts receivable analyst takes usually requires 6-12 months. Additionally, an accounts receivable analyst has an average salary of $43,692, which is higher than the $37,932 average annual salary of a debt counselor.

The top three skills for a debt counselor include outbound calls, inbound calls and customer service. The most important skills for an accounts receivable analyst are customer service, reconciliations, and customer accounts.

Debt counselor vs accounts receivable analyst overview

Debt CounselorAccounts Receivable Analyst
Yearly salary$37,932$43,692
Hourly rate$18.24$21.01
Growth rate-8%-8%
Number of jobs27,25826,558
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 61%
Average age4546
Years of experience212

Debt counselor vs accounts receivable analyst salary

Debt counselors and accounts receivable analysts have different pay scales, as shown below.

Debt CounselorAccounts Receivable Analyst
Average salary$37,932$43,692
Salary rangeBetween $27,000 And $51,000Between $33,000 And $57,000
Highest paying City-Arlington, VA
Highest paying state-Connecticut
Best paying company-Pacific Investment Management Company LLC
Best paying industry-Hospitality

Differences between debt counselor and accounts receivable analyst education

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

Debt CounselorAccounts Receivable Analyst
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 61%
Most common majorBusinessBusiness
Most common college--

Debt counselor vs accounts receivable analyst demographics

Here are the differences between debt counselors' and accounts receivable analysts' demographics:

Debt CounselorAccounts Receivable Analyst
Average age4546
Gender ratioMale, 46.8% Female, 53.2%Male, 29.4% Female, 70.6%
Race ratioBlack or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.1% White, 63.4% 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 Percentage8%8%

Differences between debt counselor and accounts receivable analyst duties and responsibilities

Debt counselor example responsibilities.

  • Manage patient focuse reports, collection modules, provider/facility A/R, collections, patient discharge letters.
  • Comply with all of the FDCPA guidelines.
  • Perform numerous acts of repossession and litigation on a daily basis.
  • Complete standard legal garnishment forms for review, and forward to litigation department.
  • Provide administrative support by the filing electronic claims to Medicare, Medicaid and private insurers for emergency and non-emergency transports.
  • Utilize FDCRA and NFCC guidelines.

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.
  • Show more

Debt counselor vs accounts receivable analyst skills

Common debt counselor skills
  • Outbound Calls, 20%
  • Inbound Calls, 15%
  • Customer Service, 14%
  • Delinquent Accounts, 9%
  • Payment Arrangements, 6%
  • Credit Reports, 4%
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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