Collections Specialist Jobs in Bolingbrook, IL
A Collections Specialist in the banking industry is responsible for contacting customers with delinquent accounts, negotiating payments, and keeping accurate records of collections and payment activity. They play a crucial role in maintaining the financial health of the bank by minimizing bad debt losses, improving cash flow, and ensuring compliance with banking laws and regulations related to debt collection. They also liaise with legal departments or external agencies if necessary, to handle defaulted accounts or to resolve legal issues related to debt collection.
Important skills for a Collections Specialist include excellent communication and negotiation skills, attention to detail, familiarity with relevant legal and regulatory guidelines, and proficiency in using collections software. A certification such as Certified Receivables Compliance Professional (CRCP) or Certified Credit and Collections Specialist (CCCS) can enhance job prospects. This position often requires prior experience in roles such as Debt Collector, Customer Service Representative, or Credit Analyst, where one gains skills in dealing with customers, managing credit or collections, and understanding financial statements.
- Schaumburg, IL (23 miles from Bolingbrook, IL)
- 6 hours ago
- Schaumburg, IL (23 miles from Bolingbrook, IL)
- 6 hours ago
The B2B Collections Specialist (Accounts Receivable Specialist) should have a sound knowledge of how collections action/lack of action impacts the business....
- Downers Grove, IL (8 miles from Bolingbrook, IL)
- 28 days ago
- Downers Grove, IL (8 miles from Bolingbrook, IL)
- 28 days ago
As a Collections Analyst at Corcentric, you will join a driven, ambitious team within an entrepreneurial global organization. As a technology-enabled Managed Services provider, we specialize in...
- Downers Grove, IL (8 miles from Bolingbrook, IL)
- 28 days ago
- Downers Grove, IL (8 miles from Bolingbrook, IL)
- 28 days ago
Our client, a leader in the financial services industry, is seeking a Senior Collections Analyst to join their team. As a Senior Collections Analyst, you will be part of the collections department...
Credit and Collections Specialist
- Oak Brook, IL (10 miles from Bolingbrook, IL)
- 30+ days ago
- Oak Brook, IL (10 miles from Bolingbrook, IL)
- 30+ days ago
Credit and Collections Specialist Department: Accounting & Finance Employment Type: Full Time Location: Oak Brook, IL Description ASC Engineered Solutions is looking for a Accounts Receivable Specialist...
- Hinsdale, IL (10 miles from Bolingbrook, IL)
- 30+ days ago
- Hinsdale, IL (10 miles from Bolingbrook, IL)
- 30+ days ago
Job Title: Collections Specialist Department: Early-Stage Collections Reports To: Collections Team Lead, Officer FLSA Status: Non-Exempt (Hourly) Essential Duties and Responsibilities include the following...
Demographic Data for Bolingbrook, IL
Moving to Bolingbrook, IL? Find some basic demographic data about Bolingbrook, IL below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Bolingbrook, IL
Highest Education Level
Collections Specialists in Bolingbrook, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Collections Specialist position
- Billing
- Business Correspondence
- Sage Peachtree
- Reconciliation
- NetSuite
- Accounting Management
- Prioritizing
- Pivot Tables
- Cash Applications
- Enterprise Resource Planning
- Education Experience
- Reimbursement
- Restructuring
- Consumer Lending
- Lending
- BSA
- Account Maintenance
- Credit Underwriting
- Automated Clearing House
- Mortgage Processing
- Credit Analysis
- Loan Servicing
- Mortgage Servicing
- Financial Operations
- Account Reconciliation
- Payment Processing
- Reconciliations
- 10 Key
- Resolution
- Accounts Receivable
- Finance
- Inbound/Outbound Calling
- Collections
- Analytical Skills
- Accounting
- High School Diploma
- Investigation
- Negotiation
- Microsoft Outlook
- Verbal Communication
- Telephone Skills
- Written Communication
- Collaboration
- Documentation
- Interpersonal Skills
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Multitasking
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Time Management
- Research Skills
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
Collections Specialist Related Career Advice Articles
How to Decide Between Investment Banking and Commercial Banking
Many finance professionals begin the career planning phase by taking some time to figure out whether they want to pursue commercial banking or investment banking. While both career paths can reap great rewards, each comes with a different set of responsibilities and skills. Here is a breakdown of some of the factors that separate careers in investment and commercial banking to consider.
Read article »