Bill / Account Collector in Chicago, Illinois Salary
A Bill / Account Collector in Chicago, Illinois earns an average wage of $14.87 per hour.
|Hourly Rate||$10.56 - $23.59|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$25,842 - $48,725|
How much does a Bill / Account Collector make in Chicago, IL?
A Bill / Account Collector in Chicago earns an average of $14.92 per hour. This is 4% lower than the national average for a Bill / Account Collector which is $15.57 per hour. Wages for a Bill / Account Collector in Chicago range from $10.56 per hour to $23.59 per hour. Total Annual Compensation, which includes hourly rate, bonus, and tips for a Bill / Account Collector in Chicago ranges from $25,842 to $48,725 annually. Among those reporting, there is an average job satisfaction rating of 5 out of 5 stars. Women make up 63% of the Bill / Account Collector workforce in Chicago among those reporting. Many report receiving medical, dental, and vision benefits from their employer.
Job Description for Bill / Account Collector
A bill/account collector communicates with invoiced entities to facilitate payment for past-due accounts. A person in this job may work directly within a company's accounts receivable department or they may be employed by a financial services company that contracts out specialized collection services or that purchases past-due debts to gain some payment.Read More...
An account collector typically spend much of his or her day doing phone work, reaching out to past-due or delinquent account holders to attempt to make contact, gain information, and set up payment for accounts receivable. If the collector works directly in the accounts department of a company, he or she typically prioritizes accounts by amount owed and time past due. For independent debt or financial firms, the collector more typically works with pre-established lists of account contacts; in this case, because these entities are typically more difficult to extract payment from, the collector’s job involves information gathering, investigations, and (in some cases) negotiation as regards payment schedules.
A bill collector likely must provide data or reports on their efforts to supervisors, as well as update account information in relevant databases to reflect incoming remittances and payment schedules. As a result, in addition to phone skills, a bill collector must be comfortable with computer work and standard office processes.
Bill/account collectors generally need at least a high school diploma or equivalent. Although this is frequently an entry level position, an employer may look for some previous office experience. The company expects its bill collectors to be aware of all laws pertaining to collection and adhere to them. It is likely - especially with debt collection companies - that part of a collector’s compensation will involve commissions on debts paid. (Copyright 2018 PayScale.com)
Bill / Account Collector Tasks
- Identify and communicate with customers with delinquent accounts by mail, phone, etc.
- Work out terms for payment or initiates other actions as necessary.
- Ensure collections operations function smoothly and effectively.
Bill / Account Collector Job Listings
Key Stats for Bill / Account Collector
Rated 5 out of 5
based on 3 votes.