Post job

Senior collection specialist vs senior collector

The differences between senior collection specialists 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 senior collection specialist and a senior collector. Additionally, a senior collector has an average salary of $85,626, 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 senior collector are customer service, payment arrangements, and past due accounts.

Senior collection specialist vs senior collector overview

Senior Collection SpecialistSenior Collector
Yearly salary$45,150$85,626
Hourly rate$21.71$41.17
Growth rate-8%-8%
Number of jobs31,1925,614
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 41%
Average age4646
Years of experience1212

Senior collection specialist vs senior collector salary

Senior collection specialists and senior collectors have different pay scales, as shown below.

Senior Collection SpecialistSenior Collector
Average salary$45,150$85,626
Salary rangeBetween $33,000 And $61,000Between $50,000 And $145,000
Highest paying CityHartford, CT-
Highest paying stateConnecticut-
Best paying companyJPMorgan Chase & Co.-
Best paying industryHealth Care-

Differences between senior collection specialist and senior collector education

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

Senior Collection SpecialistSenior Collector
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 41%
Most common majorBusinessBusiness
Most common college--

Senior collection specialist vs senior collector demographics

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

Senior Collection SpecialistSenior Collector
Average age4646
Gender ratioMale, 40.4% Female, 59.6%Male, 40.1% Female, 59.9%
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, 13.4% Unknown, 4.1% Hispanic or Latino, 20.9% Asian, 3.7% White, 57.4% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between senior collection specialist and senior collector 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

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.
  • Show more

Senior collection specialist vs senior collector 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 senior collector skills
  • Customer Service, 16%
  • Payment Arrangements, 13%
  • Past Due Accounts, 6%
  • Debt Repayment, 5%
  • Loss Mitigation, 5%
  • FDCPA, 4%

Browse office and administrative jobs