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Credit and Collections Analyst in Minneapolis, MN

Credit and Collections Analyst Job Description

Credit and collections analyst positions can be entry-level, although many firms seek up to several years of experience. Candidates should have excellent customer service, negotiation, communication and analytics skills. A bachelor’s or associate degree in accounting or a related area is preferred but not always required.

Typical credit/collections analyst duties:

Creating and maintaining credit history filesAnalyzing and assessing the creditworthiness of accounts and clients using external credit risk management tools and reportsManaging the collection efforts and calls for accounts receivable portfolioDocumenting daily collections activityResearching account disputes and billing discrepanciesPerforming account and payment reconciliationsResponding to credit inquiries from external and internal clientsIdentifying delinquent accounts requiring external collection effortsIdentifying bad debt or financial exposure

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Salary for Credit and Collections Analyst in Minneapolis, MN
62060 - 80785
Low
62060
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
71423
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
80785
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Accounts Receivable Manager 76773 87740 108605 Accounts Receivable Analyst 63130 71423 78378 Accounts Receivable Specialist 58583 64468 70353 Accounts Receivable Clerk 47080 55105 62060 Accounts Payable Manager 74098 87473 108070 Accounts Payable Analyst 61525 66608 74098 Accounts Payable Specialist 55373 60455 67678 Accounts Payable Clerk 46278 52698 58583 Billing Manager/Supervisor 63665 77040 95765 Billing Specialist 47080 54303 63130 Billing Clerk 45208 50558 56175 Full Charge Bookkeeper 67410 75970 88275 Bookkeeper 58850 67143 74900 Credit Manager/Supervisor 85868 100848 117968 Credit and Collections Specialist 51360 60990 73563 Purchasing Manager 71690 87473 102453 Purchasing Assistant 45475 51628 59920 Inventory Analyst 51360 64735 76773 Inventory Clerk 42265 47615 58048

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.