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Senior collection specialist vs collection team lead

The differences between senior collection specialists and collection team leads can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a senior collection specialist and a collection team lead. Additionally, a collection team lead has an average salary of $68,868, which is higher than the $45,150 average annual salary of a senior collection specialist.

The top three skills for a senior collection specialist include portfolio, customer service and past due accounts. The most important skills for a collection team lead are customer service, credit card, and delinquent accounts.

Senior collection specialist vs collection team lead overview

Senior Collection SpecialistCollection Team Lead
Yearly salary$45,150$68,868
Hourly rate$21.71$33.11
Growth rate-8%-8%
Number of jobs31,19229,386
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 45%
Average age4646
Years of experience1212

Senior collection specialist vs collection team lead salary

Senior collection specialists and collection team leads have different pay scales, as shown below.

Senior Collection SpecialistCollection Team Lead
Average salary$45,150$68,868
Salary rangeBetween $33,000 And $61,000Between $48,000 And $98,000
Highest paying CityHartford, CT-
Highest paying stateConnecticut-
Best paying companyJPMorgan Chase & Co.-
Best paying industryHealth Care-

Differences between senior collection specialist and collection team lead education

There are a few differences between a senior collection specialist and a collection team lead in terms of educational background:

Senior Collection SpecialistCollection Team Lead
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 45%
Most common majorBusinessBusiness
Most common college--

Senior collection specialist vs collection team lead demographics

Here are the differences between senior collection specialists' and collection team leads' demographics:

Senior Collection SpecialistCollection Team Lead
Average age4646
Gender ratioMale, 40.4% Female, 59.6%Male, 42.9% Female, 57.1%
Race ratioBlack or African American, 12.3% Unknown, 4.0% Hispanic or Latino, 20.9% Asian, 3.5% White, 58.8% American Indian and Alaska Native, 0.5%Black or African American, 13.0% Unknown, 4.0% Hispanic or Latino, 18.9% Asian, 3.6% White, 59.9% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between senior collection specialist and collection team lead duties and responsibilities

Senior collection specialist example responsibilities.

  • Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
  • Work comp, MV cases, Medicare, Medicaid and commercial insurances.
  • Follow Medicare guidelines, posses knowledge of ICD and CPT coding, medical and reimbursement terminology, third party billing
  • Cross train fellow agents in store support and online product matrix, and train incoming agents in software and FDCPA guidelines.
  • Participate in the Medicaid conversion project.
  • Verify correct consumer provide disclosure to ensure compliance with FDCPA regulations.
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Collection team lead example responsibilities.

  • Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
  • Receive and distribute ACH forms receive form all lots.
  • Assist consumers in money and behavior managements and ensures HIPAA compliance
  • Collect monies from Medicaid, Medicare, VA and various other third party payers.
  • Perform insurance follow up on account receivables of Medicare, Medicaid and private health insurance claims to expedite claim reimbursement.
  • Negotiate payments resolutions for delinquent customers to become current while using professionalism, and adhering to all applicable FDCPA collection laws.
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Senior collection specialist vs collection team lead skills

Common senior collection specialist skills
  • Portfolio, 9%
  • Customer Service, 8%
  • Past Due Accounts, 8%
  • Delinquent Accounts, 6%
  • Customer Accounts, 6%
  • Payment Arrangements, 5%
Common collection team lead skills
  • Customer Service, 14%
  • Credit Card, 7%
  • Delinquent Accounts, 6%
  • Payment Arrangements, 6%
  • FDCPA, 4%
  • Debt Repayment, 4%

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