Collections Specialist in Minneapolis, Minnesota Salary

How much does a Collections Specialist make in Minneapolis, MN? The average hourly rate for a Collections Specialist in Minneapolis is $16.81 per hour. This is 1% higher than the national average for a Collections Specialist which is $16.64 per hour. Wages for a Collections Specialist in Minneapolis range from $13.81 per hour to $24.84 per hour. Total Annual Pay, which includes hourly rate, bonus, and overtime for a Collections Specialist in Minneapolis ranges from $29,224 to $56,588 annually. Among those reporting, there is an average job satisfaction rating of 0 out of 5 stars. In Minneapolis, women make up the majority of the workforce (69 percent). Many report receiving medical and dental benefits from their employer.

$13.81 - $24.84
$14
$17
$25
MEDIAN: $16.81
10%
50%
90%

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Hourly Data $0$31
Hourly Rate $13.81 - $24.84
Overtime $25.25
Annual Data $0$56K
Bonus $19,653
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).
)
$29,224 - $56,588
  • Country: United States
  • Currency: USD
  • Updated: 22 Nov 2017
  • Individuals Reporting: 17

Job Description for Collections Specialist

Typically, a collections specialist is an individual that specializes in the collection of debt owed to their organization. They use a variety of means to contact individuals who have defaulted on debts and/or who have not paid past-due bills. Collections specialists usually work in a call center with other collections specialists, although they may telecommute from a remote location such as a home office.

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Collections Specialist Tasks

  • Make collection and billing calls to reduce the lost assets of a company and delinquent payments.
  • Monitor and maintain assigned accounts through follow up and possibly implement alternative payment options.

About Minneapolis, Minnesota

Hennepin County, Minnesota
410,935
Male:
206,547 (50.3%)
Female:
204,388 (49.7%)
Minneapolis (/ˌmɪniˈæpəlɪs/) is the county seat of Hennepin County, and larger of the Twin Cities, the 16th-largest metropolitan area in the United States, containing about 3.5 million residents. As of 2015, Minneapolis is the largest city in the state of Minnesota and 46th-largest in the United States with a population of 410,939. Minneapolis and Saint Paul anchor the second-largest economic center in the Midwest, after Chicago. Minneapolis lies on both banks of the Mississippi River, just north of the river's confluence with the Minnesota River, and adjoins Saint Paul, the state's capital. The city is abundantly rich in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls, many connected by parkways in the Chain of Lakes and the Grand Rounds National Scenic Byway. It was once the world's flour milling capital and a hub for timber. The city and surrounding region is the primary business center between Chicago and...
Minneapolis:
$54,571
Minnesota:
$63,488
$912
Minneapolis:
$227,500
Minnesota:
$200,000
4.3%

Collections Specialist Job Listings

Key Stats for Collections Specialist

Gender

Female
69 %
Male
31 %
1-4 years
19%
5-9 years
33%
10-19 years
38%
20 years or more
10%

Skills That Affect Collections Specialist Salaries

Customer Relations
▲41%

bill collections
▲17%

Collections
▲10%

National Average
$37,000

Gender

Female
69 %
Male
31 %

Years of Experience

1-4 years
19%
5-9 years
33%
10-19 years
38%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 63%
vision benefits
Vision: 50%
no benefits
None: 25%