How to hire a senior credit and collections analyst

How to hire a senior credit and collections analyst, step by step

Here's a step-by-step senior credit and collections analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a senior credit and collections analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new senior credit and collections analyst
• Step 8: Go through the hiring process checklist

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1. Identify your hiring needs

   The senior credit and collections analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   You should also consider the ideal background you'd like them a senior credit and collections analyst to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a senior credit and collections analyst that fits the bill.

   The following list breaks down different types of senior credit and collections analysts and their corresponding salaries.

   Type of Senior Credit And Collections Analyst	Description	Hourly rate
   Senior Credit And Collections Analyst	Bill and account collectors, sometimes called collectors, try to recover payment on overdue bills. They negotiate repayment plans with debtors and help them find solutions to make paying their overdue bills easier.	$21-42
   Account Representative	Account representatives are employees who manage client accounts and act as the main contact of the clients they are handling. They maintain existing accounts by updating client details regularly... Show more	$12-24
   Analyst	Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more	$25-47

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Customer Accounts
   • Reconciliations
   • Portfolio
   • Financial Analysis
   • Financial Statements
   • Past Due Accounts
   • Customer Service
   • Credit Worthiness
   • DSO
   • Credit Hold
   • Due Balances
   • SOX
   • Collection Efforts
   • Credit Risk

   Check all skills

   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.
   • Recommend changes to database to comply with Medicare billing guidelines.
   • Research and key NC Medicaid refunds receive from lockbox into MMIS.

3. Make a budget

   Including a salary range in your senior credit and collections analyst job description is one of the best ways to attract top talent. A senior credit and collections analyst can vary based on:

   • Location. For example, senior credit and collections analysts' average salary in oklahoma is 45% less than in district of columbia.
   • Seniority. Entry-level senior credit and collections analysts 49% less than senior-level senior credit and collections analysts.
   • Certifications. A senior credit and collections analyst with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a senior credit and collections analyst's salary.

   Average senior credit and collections analyst salary

   $63,489yearly

   $30.52 hourly rate

   ---

   Entry-level senior credit and collections analyst salary

   $45,000 yearly salary

   Updated December 19, 2025

4. Writing a senior credit and collections analyst job description

   A senior credit and collections analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a senior credit and collections analyst job description:

   Senior credit and collections analyst job description example

   We are seeking a Senior Credit and Collections Analyst. In this role, you will be responsible for collecting and maintaining accurate credit information. You will review and verify overdue accounts. You will contact customers to confirm outstanding payments and renews credit information to help minimize outstanding debts. In addition, you will mentor others in lower level roles in Financial Services.
   **Responsibilities:**
   
   + Works with customer accounts payable staff to determine payment and invoice discrepancies.
   
   + Monitors past due invoices and make collections calls.
   
   + Prepares and transmits credit reference inquires for filing with credit applications.
   
   + Enters new customer accounts.
   
   + Applies freight charges to sales orders.
   
   + Maintains and ensures completeness of files of customer tax exempt certificates.
   
   + Researches and resolves customer inquiries.
   
   + Processes invoices.
   
   + Vouches and approves vendor invoices which conform to receive purchase orders.
   
   + Communicates with purchasing and receiving departments to resolve purchase order and vendor invoice differences.
   
   + Ensures incoming freight charges are invoiced to customers.
   
   + Sets up check runs and assemble check packages.
   
   + Enters new vendor records and perform vendor file maintenance.
   
   + Reviews vendor statements.
   
   + Investigates old items and resolves or reviews with controller.
   
   + Assists in accounts payable permanent records retention and physical document flow.
   
   **Qualifications:**
   
   + Bachelors' Degree is required.
   
   + 2 years of general accounting is required; 4 years is preferred.
   
   + Finance, accounting, budgeting, cost control principles including GAAP is required.
   
   + Federal and state regulations is required.
   
   + Financial and accounting software applications is required.
   
   + Strong computer skills is required.
   
   _WESCO International, Inc., including its subsidiaries and affiliates ("WESCO"), is an Equal Opportunity and Affirmative Action Employer. It is the policy of WESCO to not discriminate against any job applicant or employee based on age, race, religion, color, handicap, sex, physical condition, disability, sexual orientation, gender identity, national origin, or protected veteran status or any other protected status. This policy includes but is not limited to the following: recruitment and employment, promotion, demotion, transfer, compensation, selection for training including apprenticeship, layoff, or termination._
   
   \#LI-RA1

   Copy this example

   

5. Post your job

   To find senior credit and collections analysts for your business, try out a few different recruiting strategies:

   • Consider internal talent. One of the most important talent pools for any company is its current employees.
   • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any senior credit and collections analysts they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level senior credit and collections analysts with the right educational background.
   • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.

   Post your job online:

   • Post your senior credit and collections analyst job on Zippia to find and attract quality senior credit and collections analyst candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   During your first interview to recruit senior credit and collections analysts, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new senior credit and collections analyst

   Once you've decided on a perfect senior credit and collections analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

   To prepare for the new senior credit and collections analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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