As of April 01, 2025, the average annual salary for a Payment Recovery Specialist in Medford, MA is $68,097. According to Salary.com, salaries can range from a low of $56,849 to a high of $80,562, with most professionals earning between $62,209 and $74,621.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $74,621 | $6,218 | $1,435 | $36 |
| Average | $68,097 | $5,675 | $1,310 | $33 |
| 25th Percentile | $62,209 | $5,184 | $1,196 | $30 |
An entry-level Payment Recovery Specialist with under 1 year experience makes about $66,164. With less than 2 years of experience, a mid-level Payment Recovery Specialist makes around $66,339. After 2-4 years, the Payment Recovery Specialist pay rises to about $67,042. Those senior Payment Recovery Specialist with 5-8 years of experience earn roughly $68,097, and those Payment Recovery Specialist having 8 years or more experience are expected to earn about $70,239 on average.
| Levels | Salary |
|---|---|
| Entry Level Payment Recovery Specialist | $66,164 |
| Intermediate Level Payment Recovery Specialist | $66,339 |
| Senior Level Payment Recovery Specialist | $67,042 |
| Specialist Level Payment Recovery Specialist | $68,097 |
| Expert Level Payment Recovery Specialist | $70,239 |
| Entry Level | 8% |
| Mid Level | 9% |
| Senior Level | 10% |
| Top Level | 12% |
| Experienced | 15% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Project Planning: Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within the project environment. Project planning can be done manually or by the use of project management software.
Accounting Systems: An accounting system is a system that is employed in a company to organize financial information. It can be either manual or computerized.
| Skill | Salary | Demand |
|---|---|---|
|
Root Cause Analysis
|
$85,802 |
26%
|
|
Analysis
|
$80,354 |
18%
|
|
Decision Making
|
$76,268 |
12%
|
|
Communication Skills
|
$74,907 |
10%
|
|
Partnering
|
$74,226 |
9%
|
|
Claim Reviews
|
$74,226 |
9%
|
