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Installment agent vs accounts receivable specialist

The differences between installment agents and accounts receivable specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an installment agent and an accounts receivable specialist. Additionally, an accounts receivable specialist has an average salary of $39,873, which is higher than the $26,430 average annual salary of an installment agent.

The top three skills for an installment agent include customer service, windows and troubleshoot. The most important skills for an accounts receivable specialist are customer service, patients, and data entry.

Installment agent vs accounts receivable specialist overview

Installment AgentAccounts Receivable Specialist
Yearly salary$26,430$39,873
Hourly rate$12.71$19.17
Growth rate-8%-8%
Number of jobs26,46061,988
Job satisfaction-4.5
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 45%
Average age4646
Years of experience1212

Installment agent vs accounts receivable specialist salary

Installment agents and accounts receivable specialists have different pay scales, as shown below.

Installment AgentAccounts Receivable Specialist
Average salary$26,430$39,873
Salary rangeBetween $10,000 And $68,000Between $31,000 And $50,000
Highest paying City-Washington, DC
Highest paying state-Connecticut
Best paying company-InfosysPublicService
Best paying industry-Technology

Differences between installment agent and accounts receivable specialist education

There are a few differences between an installment agent and an accounts receivable specialist in terms of educational background:

Installment AgentAccounts Receivable Specialist
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 45%
Most common majorBusinessBusiness
Most common college--

Installment agent vs accounts receivable specialist demographics

Here are the differences between installment agents' and accounts receivable specialists' demographics:

Installment AgentAccounts Receivable Specialist
Average age4646
Gender ratioMale, 58.8% Female, 41.2%Male, 18.2% Female, 81.8%
Race ratioBlack or African American, 14.1% Unknown, 4.3% Hispanic or Latino, 18.6% Asian, 4.0% White, 58.5% American Indian and Alaska Native, 0.5%Black or African American, 12.9% Unknown, 4.2% Hispanic or Latino, 19.0% Asian, 3.9% White, 59.6% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between installment agent and accounts receivable specialist duties and responsibilities

Installment agent example responsibilities.

  • Answer eligibility and coverage questions from insurance agents pertaining to Medicare advantage plans and prescription drug plans.
  • Book reservations verify availability and reconfirm accommodations.
  • Upgrade, troubleshot, repair, and setup computers in store.
  • Identify & troubleshot in-home network issues, virus/spyware removal, perform PC installations & repairs.
  • Follow and maintain QA guidelines while documenting the customers questions with the appropriate escalations need.
  • Handle supervisor escalations and agent QA monitoring.
  • Show more

Accounts receivable specialist example responsibilities.

  • Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
  • Perform accounts reconciliations, complex invoice research, statement reconciliations, complex invoice research, statement reconciliation and journal entries.
  • Follow company's standard operating procedures in cooperation with Medicare, Medicaid and private insurance providers to resolve billing issues.
  • Cash and credit allocation of customer payments in ROSS ERP system.
  • Prepare PowerPoint presentations, word documents, letters and spreadsheets while meeting deadlines.
  • Reconcile direct billing accounts and adjust product pricing utilizing JD Edwards EnterpriseONE ERP system.
  • Show more

Installment agent vs accounts receivable specialist skills

Common installment agent skills
  • Customer Service, 33%
  • Windows, 24%
  • Troubleshoot, 14%
  • Inbound Calls, 10%
  • Outbound Calls, 10%
  • Linux, 9%
Common accounts receivable specialist skills
  • Customer Service, 15%
  • Patients, 9%
  • Data Entry, 5%
  • Credit Card Payments, 4%
  • Reconciliations, 4%
  • Accounts Receivables, 3%

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