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Senior collector vs collection team lead

The differences between senior collectors 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 collector and a collection team lead. Additionally, a senior collector has an average salary of $85,626, which is higher than the $68,868 average annual salary of a collection team lead.

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

Senior collector vs collection team lead overview

Senior CollectorCollection Team Lead
Yearly salary$85,626$68,868
Hourly rate$41.17$33.11
Growth rate-8%-8%
Number of jobs5,61429,386
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 45%
Average age4646
Years of experience1212

Senior collector vs collection team lead salary

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

Senior CollectorCollection Team Lead
Average salary$85,626$68,868
Salary rangeBetween $50,000 And $145,000Between $48,000 And $98,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between senior collector and collection team lead education

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

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

Senior collector vs collection team lead demographics

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

Senior CollectorCollection Team Lead
Average age4646
Gender ratioMale, 40.1% Female, 59.9%Male, 42.9% Female, 57.1%
Race ratioBlack 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%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 collector and collection team lead duties and responsibilities

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.
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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 collector vs collection team lead skills

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