Post job

Senior collection specialist vs collections, customer service

The differences between senior collection specialists and collectionss, customer service 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 collections, customer service. Additionally, a senior collection specialist has an average salary of $45,150, which is higher than the $32,870 average annual salary of a collections, customer service.

The top three skills for a senior collection specialist include portfolio, customer service and past due accounts. The most important skills for a collections, customer service are strong customer service, customer service, and payment arrangements.

Senior collection specialist vs collections, customer service overview

Senior Collection SpecialistCollections, Customer Service
Yearly salary$45,150$32,870
Hourly rate$21.71$15.80
Growth rate-8%-8%
Number of jobs31,192161,544
Job satisfaction--
Most common degreeBachelor's Degree, 41%High School Diploma, 33%
Average age4646
Years of experience1212

What does a senior collection specialist do?

Senior collection specialists lead others by distributing and balancing workload, providing on-the-job training, and demonstrating proper work methods to employees. The specialists determine the most effective and economical means of collecting for each account, compose correspondence requiring knowledge procedure and practices in the collection, and apply standard due diligence practice to collect monies owed. They should have work leadership, know how to gather data, and analyze financial information for decision-making purposes. Also, they apply payments received to proper accounts and make necessary adjustments or corrections.

What does a collections, customer service do?

A collections customer service or collections agent is the person who is in charge of collecting past-due bill payments. Collections agents establish a list of individuals who failed to make their payments. They organize the list based on the severity of their delinquency. It is their task to find the location of the customers through background checks, credit bureau information, and loan documents. Those who are interested in this job should develop skills in intuition, quick thinking, problem-solving, and communication.

Senior collection specialist vs collections, customer service salary

Senior collection specialists and collectionss, customer service have different pay scales, as shown below.

Senior Collection SpecialistCollections, Customer Service
Average salary$45,150$32,870
Salary rangeBetween $33,000 And $61,000Between $27,000 And $39,000
Highest paying CityHartford, CTDanvers, MA
Highest paying stateConnecticutVirginia
Best paying companyJPMorgan Chase & Co.University of California
Best paying industryHealth CareAutomotive

Differences between senior collection specialist and collections, customer service education

There are a few differences between a senior collection specialist and a collections, customer service in terms of educational background:

Senior Collection SpecialistCollections, Customer Service
Most common degreeBachelor's Degree, 41%High School Diploma, 33%
Most common majorBusinessBusiness
Most common college--

Senior collection specialist vs collections, customer service demographics

Here are the differences between senior collection specialists' and collectionss, customer service' demographics:

Senior Collection SpecialistCollections, Customer Service
Average age4646
Gender ratioMale, 40.4% Female, 59.6%Male, 29.3% Female, 70.7%
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, 11.4% Unknown, 4.2% Hispanic or Latino, 20.3% Asian, 3.8% White, 59.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between senior collection specialist and collections, customer service 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.
  • Show more

Collections, customer service example responsibilities.

  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Provide excellent verbal, written, oral communication skills, attend ongoing training of collections and FDCPA regulations and guidelines.
  • Provide excellent interpersonal, negotiation, and customer service skills via telephone.
  • Research accounts to verify credits and debits make are accurately post against supporting documents showing timely reflect within the FDCPA guidelines.
  • Prevent impending loss and increase profitability through negotiation and enforcement of schedule collection campaigns.
  • Submit additional information request by insurance companies such as medical records, primary/secondary insurance explanation of benefits (EOB).
  • Show more

Senior collection specialist vs collections, customer service 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 collections, customer service skills
  • Strong Customer Service, 45%
  • Customer Service, 12%
  • Payment Arrangements, 5%
  • Credit Card Payments, 4%
  • Delinquent Accounts, 4%
  • Past Due Accounts, 3%

Browse office and administrative jobs