Recovery collector vs senior collector

The differences between recovery collectors and senior collectors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a recovery collector and a senior collector. Additionally, a senior collector has an average salary of $85,626, which is higher than the $35,897 average annual salary of a recovery collector.

The top three skills for a recovery collector include inbound calls, outbound calls and credit card accounts. The most important skills for a senior collector are customer service, payment arrangements, and past due accounts.

Recovery collector vs senior collector overview

	Recovery Collector	Senior Collector
Yearly salary	$35,897	$85,626
Hourly rate	$17.26	$41.17
Growth rate	-8%	-8%
Number of jobs	7,204	5,614
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 41%
Average age	46	46
Years of experience	12	12

Recovery collector vs senior collector salary

Recovery collectors and senior collectors have different pay scales, as shown below.

	Recovery Collector	Senior Collector
Average salary	$35,897	$85,626
Salary range	Between $25,000 And $51,000	Between $50,000 And $145,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between recovery collector and senior collector education

There are a few differences between a recovery collector and a senior collector in terms of educational background:

	Recovery Collector	Senior Collector
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	-	-

Recovery collector vs senior collector demographics

Here are the differences between recovery collectors' and senior collectors' demographics:

	Recovery Collector	Senior Collector
Average age	46	46
Gender ratio	Male, 42.2% Female, 57.8%	Male, 40.1% Female, 59.9%
Race ratio	Black or African American, 13.3% Unknown, 3.9% Hispanic or Latino, 20.0% Asian, 3.6% White, 58.8% American Indian and Alaska Native, 0.5%	Black or African American, 13.4% Unknown, 4.1% Hispanic or Latino, 20.9% Asian, 3.7% White, 57.4% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between recovery collector and senior collector duties and responsibilities

Recovery collector example responsibilities.

Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
Resolve errors by resubmitting correct or unacknowledge claims, appeals, and other documentation require for timely filing.
Secure modification documents including HAMP and bank require documents.

Senior collector example responsibilities.

Accomplish the above in compliance with HIPAA regulations.
Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
Record CPT codes and ICD-9 codes on billing forms.
Develop and pursue collection strategies to reduce the DSO.
Process credit cards, purchase cards, ACH payments.
Used the Medicaid web portal to check claim status and eligibility.

Recovery collector vs senior collector skills

Common recovery collector skills

Inbound Calls, 10%
Outbound Calls, 9%
Credit Card Accounts, 8%
Delinquent Accounts, 8%
Credit Bureaus, 7%
Customer Service, 6%

Common senior collector skills

Customer Service, 16%
Payment Arrangements, 13%
Past Due Accounts, 6%
Debt Repayment, 5%
Loss Mitigation, 5%
FDCPA, 4%