How much does a Collections Representative III make in the United States? The average Collections Representative III salary in the United States is $50,265 as of February 26, 2024, but the range typically falls between $45,215 and $56,560. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Collections Representative III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Collections Representative III Salary $40,617 US February 26, 2024
25th Percentile Collections Representative III Salary $45,215 US February 26, 2024
50th Percentile Collections Representative III Salary $50,265 US February 26, 2024
75th Percentile Collections Representative III Salary $56,560 US February 26, 2024
90th Percentile Collections Representative III Salary $62,291 US February 26, 2024
25% $45,215 10% $40,617 90% $62,291 75% $56,560 $50,265 50%(Median) Didn’t find job title? Click
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What skills does a Collections Representative III need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

3.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

Customer Service 17.13%
Life Insurance 2.93%
Futures 1.34%
Others 78.6%

Job Description for Collections Representative III

Collections Representative III is responsible for initiating calls to complex and difficult delinquent customers by phone, mail or personal visit to collect payments and settle accounts. Follows-up on delinquent accounts, updates and maintains accurate financial records including accounting, receivable, and credit records. Being a Collections Representative III requires a high school diploma or equivalent. Typically reports to a supervisor. The Collections Representative III works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Collections Representative III typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Collections Representative III

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Collections Representative III, the first career path typically progresses to Collections Supervisor.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Collections Representative III salary varies from city to city. Compared with national average salary of Collections Representative III, the highest Collections Representative III salary is in San Francisco, CA, where the Collections Representative III salary is 25.0% above. The lowest Collections Representative III salary is in Miami, FL, where the Collections Representative III salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Collections Representative III, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
45215
56560
50265

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
46667
59427
52234
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Collections Representative III in the United States. The base salary for Collections Representative III ranges from $45,215 to $56,560 with the average base salary of $50,265. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $46,667 to $59,427 with the average total cash compensation of $52,234.
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45215
56560

 

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Skills associated with Collections Representative III: Negotiation, Dunning, Credit and Collections Software, Skip Tracing ...More

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Collections Representative III Salary in United States
Collections Representative III Salary Graph, Regional Distribution and Summary