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What is a senior credit and collections analyst and how to become one

Updated January 8, 2025
3 min read
The average senior credit and collections analyst salary is $63,489. The most common degree is a bachelor's degree degree with an business major. It usually takes 6-12 months of experience to become a senior credit and collections analyst. Senior credit and collections analysts with a International Accredited Business Accountant (IABA) certification earn more money. Between 2018 and 2028, the career is expected to grow -8% and produce -17,500 job opportunities across the U.S.
ScoreSenior Credit And Collections AnalystUS Average
Salary
5.0

Avg. Salary $63,489

Avg. Salary $59,228

Stability level
7.9

Growth rate -8%

Growth rate 0.3%

Diversity
6.1
Race

American Indian and Alaska Native 0.49%

Asian 3.86%

Black or African American 13.22%

Hispanic or Latino 19.33%

Unknown 4.18%

White 58.92%

Gender

female 63.71%

male 36.29%

Age - 46
Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46
Stress level
7.9

Stress level is high

7.1 - high

Complexity level
4.9

Complexity level is intermediate

7 - challenging

Work life balance
7.6

Work life balance is good

6.4 - fair

Senior credit and collections analyst career paths

Key steps to become a senior credit and collections analyst

  1. Explore senior credit and collections analyst education requirements

    Most common senior credit and collections analyst degrees

    Bachelor's

    64.4 %

    Associate

    21.2 %

    Master's

    8.7 %
  2. Start to develop specific senior credit and collections analyst skills

    SkillsPercentages
    Customer Accounts6.46%
    Reconciliations4.90%
    Portfolio4.77%
    Financial Analysis4.67%
    Financial Statements4.36%
  3. Complete relevant senior credit and collections analyst training and internships

    Accountants spend an average of 1-3 months on post-employment, on-the-job training. New senior credit and collections analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a senior credit and collections analyst based on U.S. Bureau of Labor Statistics data and data from real senior credit and collections analyst resumes.
  4. Research senior credit and collections analyst duties and responsibilities

    • Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
    • Gather data necessary for preparing company cash forecasts and DSO calculations.
    • Collaborate with internal departments and management to eliminate problems on large accounts reducing receivables and DSO.
    • Perform collections activities on delinquent loan accounts to include repossessions, foreclosures, bankruptcy proceedings, and disposition of repossess assets.
  5. Get senior credit and collections analyst experience

    Generally, it takes 6-12 months to become a senior credit and collections analyst. The most common roles before becoming a senior credit and collections analyst include credit and collections analyst, credit manager team lead and accounts receivable specialist.
  6. Prepare your senior credit and collections analyst resume

    When your background is strong enough, you can start writing your senior credit and collections analyst resume.

    You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a senior credit and collections analyst resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

    Choose from 10+ customizable senior credit and collections analyst resume templates

    Build a professional senior credit and collections analyst resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your senior credit and collections analyst resume.
    Senior Credit And Collections Analyst Resume
    Senior Credit And Collections Analyst Resume
    Senior Credit And Collections Analyst Resume
    Senior Credit And Collections Analyst Resume
    Senior Credit And Collections Analyst Resume
    Senior Credit And Collections Analyst Resume
    Senior Credit And Collections Analyst Resume
    Senior Credit And Collections Analyst Resume
    Senior Credit And Collections Analyst Resume
  7. Apply for senior credit and collections analyst jobs

    Now it's time to start searching for a senior credit and collections analyst job. Consider the tips below for a successful job search:

    1. Browse job boards for relevant postings
    2. Consult your professional network
    3. Reach out to companies you're interested in working for directly
    4. Watch out for job scams

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Average senior credit and collections analyst salary

The average senior credit and collections analyst salary in the United States is $63,489 per year or $31 per hour. Senior credit and collections analyst salaries range between $45,000 and $88,000 per year.

Average senior credit and collections analyst salary
$63,489 Yearly
$30.52 hourly

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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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