Position
Salary

How much does a Collections Specialist make?

The average salary for a Collections Specialist is $43,627 per year in the US.

A Collections Specialist plays a key role in helping businesses recover money owed by customers. This job often involves contacting debtors and negotiating payments. The average yearly salary for a Collections Specialist is around $43,627. This means that most specialists earn somewhere between $28,000 and $68,950 each year.

The salary can vary based on several factors. These include experience, location, and the type of company. Specialists with more experience or those who work in larger cities often earn more. Companies in certain industries, like finance or healthcare, may also offer higher pay. This job can be a good choice for those who enjoy problem-solving and working with people.

View Collections Specialist jobs nearby

What are the highest paying cities for a Collections Specialist?

Collections Specialists can find some of the best pay in San Francisco, California, where the average salary reaches $71,031. Washington, DC, and Boston, MA, also offer strong salaries for this role, with averages of $66,292 and $62,998, respectively. Riverside, California, Los Angeles, California, and Reno, Nevada, provide competitive wages, making these cities attractive for job seekers in this field.
Graph displaying highest paying cities salaries for Collections Specialist jobs, highlighting San Francisco, CA with the highest at $71,031 and Stamford, CT with the lowest at $50,974.
  1. San Francisco, CA
    Average Salary: $71,031
    In San Francisco, professionals in this field work with some of the nation's top tech companies. They handle accounts receivable and ensure timely payments. The city's dynamic economy offers many opportunities for growth.
    Find Collections Specialist jobs in San Francisco, CA


  2. Washington, DC
    Average Salary: $66,292
    Washington, DC, provides a unique environment for those in this role. They often work with government agencies and non-profits. The city's political landscape offers a stable job market.
    Find Collections Specialist jobs in Washington, DC


  3. Boston, MA
    Average Salary: $62,998
    Boston offers a mix of financial and educational institutions for specialists. They interact with a diverse client base, from students to businesses. The city's rich history adds a unique charm to the work environment.
    Find Collections Specialist jobs in Boston, MA


  4. Riverside, CA
    Average Salary: $54,828
    Riverside provides a more relaxed pace for those in this field. They work with local businesses and residents, focusing on community relationships. The city's growing economy offers steady job prospects.
    Find Collections Specialist jobs in Riverside, CA


  5. Los Angeles, CA
    Average Salary: $54,617
    Los Angeles offers a vibrant and diverse work environment. Specialists here interact with a wide range of clients, from entertainment companies to small businesses. The city's entertainment industry adds a dynamic flair to the job.
    Find Collections Specialist jobs in Los Angeles, CA


  6. Reno, NV
    Average Salary: $53,804
    Reno provides a smaller-city feel with opportunities in both gaming and hospitality. Specialists here work with a mix of local businesses and tourists. The city's growing economy offers good job stability.
    Find Collections Specialist jobs in Reno, NV


  7. Portland, OR
    Average Salary: $51,735
    Portland offers a progressive and eco-friendly work environment. Specialists here interact with a variety of local businesses and startups. The city's strong community focus creates a supportive work atmosphere.
    Find Collections Specialist jobs in Portland, OR


  8. San Jose, CA
    Average Salary: $51,453
    San Jose, part of Silicon Valley, offers a tech-driven environment for professionals. They work with some of the world's leading tech companies. The city's innovative spirit provides many opportunities for career advancement.
    Find Collections Specialist jobs in San Jose, CA


  9. Seattle, WA
    Average Salary: $51,249
    Seattle offers a mix of tech and maritime industries for specialists. They work with a diverse client base, from tech giants to shipping companies. The city's vibrant culture adds to the job experience.
    Find Collections Specialist jobs in Seattle, WA


  10. Stamford, CT
    Average Salary: $50,974
    Stamford provides a corporate environment with many financial institutions. Specialists here handle accounts for large corporations. The city's proximity to New York City offers additional job opportunities.
    Find Collections Specialist jobs in Stamford, CT

What are the best companies a Collections Specialist can work for?

Job seekers looking for top-paying roles in collections will find excellent opportunities with Turn2Partners, High Country Search Group, and Columbia Debt Recovery. These companies offer competitive salaries, making them attractive options for those in the field. Additionally, CALL-A-HEAD CORP., Addison Group, and Randstad also provide strong compensation packages for collections specialists.
Graph displaying best paying company salaries for Collections Specialist jobs, highlighting Turn2Partners with the highest at $56,481 and Vaco with the lowest at $52,392.
  1. Turn2Partners
    Average Salary: $56,481
    Turn2Partners offers rewarding roles in collections. They focus on providing excellent customer service and have locations across the U.S. Their team works to ensure clients receive timely and effective service.


  2. High Country Search Group
    Average Salary: $56,000
    High Country Search Group provides collections jobs with a focus on professionalism. They operate in various locations and emphasize teamwork and client satisfaction. Their roles require strong communication skills.


  3. Columbia Debt Recovery
    Average Salary: $55,667
    Columbia Debt Recovery is known for its competitive salaries in collections. They have offices in several states and value their employees' contributions. Their work involves resolving debts and maintaining good client relationships.


  4. CALL-A-HEAD CORP.
    Average Salary: $53,655
    CALL-A-HEAD CORP. offers collections positions with a focus on efficiency and customer service. They have locations nationwide and provide training to help employees succeed. Their roles require attention to detail and problem-solving skills.


  5. Addison Group
    Average Salary: $53,526
    Addison Group provides collections jobs with a variety of opportunities. They operate in multiple locations and focus on professional development. Their team works to achieve positive outcomes for clients and the company.


  6. Randstad
    Average Salary: $53,240
    Randstad offers collections roles with a strong emphasis on career growth. They have offices across the country and provide support to their employees. Their work involves managing accounts and ensuring timely payments.


  7. Leeds Professional Resources
    Average Salary: $52,980
    Leeds Professional Resources provides collections jobs with a focus on excellence. They operate in various locations and value their employees' contributions. Their roles require strong communication and negotiation skills.


  8. Optum
    Average Salary: $52,681
    Optum offers collections positions with a focus on health and wellness. They have offices nationwide and provide a supportive work environment. Their work involves managing accounts and ensuring client satisfaction.


  9. Ledgent Finance & Accounting
    Average Salary: $52,611
    Ledgent Finance & Accounting provides collections jobs with a focus on accuracy and efficiency. They operate in multiple locations and value teamwork. Their roles require attention to detail and strong problem-solving skills.


  10. Vaco
    Average Salary: $52,392
    Vaco offers collections roles with a focus on professional development. They have offices across the U.S. and provide training to help employees succeed. Their work involves managing accounts and ensuring timely payments.

How to earn more as a Collections Specialist?

A Collections Specialist can increase their earnings by focusing on several key areas. Building strong relationships with clients helps in understanding their situations better. This understanding can lead to more effective communication and quicker resolutions. Specialists who can negotiate effectively often find themselves earning more. They can secure better payment terms and sometimes even recover more funds.

Specialists who continuously improve their skills can also earn more. This includes learning about new collection techniques and staying updated on laws and regulations. Attending workshops and getting certifications can make a big difference. Networking with other professionals in the field can open up new opportunities. These connections can lead to higher-paying positions or even freelance work. Finally, taking on more responsibilities or roles within the company can lead to higher pay. This might include managing a team or handling more complex cases.

Here are five factors that can help a Collections Specialist earn more:

  1. Build strong client relationships
  2. Improve negotiation skills
  3. Continuously improve skills
  4. Network with other professionals
  5. Take on more responsibilities

Currently 680 Collections Specialist job openings, nationwide.

How's the job market for a Collections Specialist in the US?

Learn what a Collections Specialist does, how to become one, and understand the job outlook. Get simple steps to start your career as a Collections Specialist today.
Position
Overview
Collections Specialist
680 Job Openings