Collections Specialist Jobs in Elgin, 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.
Credit & Collections Specialist
- Carol Stream, IL (8 miles from Elgin, IL)
- 5 days ago
- Carol Stream, IL (8 miles from Elgin, IL)
- 5 days ago
The successful Credit & Collections Specialist must be able to multi-task, while instinctively readjusting efforts to focus on high-priority tasks....
Senior Credit & Collections Analyst
- Lake Zurich, IL (16 miles from Elgin, IL)
- 16 days ago
- Lake Zurich, IL (16 miles from Elgin, IL)
- 16 days ago
Job Summary The Senior Credit & Collections Analyst plays an integral role in supporting Fresenius Kabi's order to cash cycle within Finance. By teaming up with internal and external stakeholders,...
Credit & Collections Specialist
- Deerfield, IL (21 miles from Elgin, IL)
- 23 days ago
- Deerfield, IL (21 miles from Elgin, IL)
- 23 days ago
The Contribution You'll bring to this Role: The Collections Specialist has the primary responsibility for serving our Chemical Safety, Jobsite Safety (Checkers) and Facility Safety (NoTrax) businesses...
- Naperville, IL (17 miles from Elgin, IL)
- 30+ days ago
- Naperville, IL (17 miles from Elgin, IL)
- 30+ days ago
Our client is looking for a Collections Specialist with advanced excel skills to join their team. Please contact us today to discuss this role!...
- Vernon Hills, IL (20 miles from Elgin, IL)
- 45+ days ago
- Vernon Hills, IL (20 miles from Elgin, IL)
- 45+ days ago
Must be in the office on Wednesdays Hours: Monday - Friday 7:30am - 4:00pm Skills & Qualifications -HS Diploma or GED -2 years of corporate experience within financial services or retail banking experience...
- Rolling Meadows, IL (11 miles from Elgin, IL)
- 60+ days ago
- Rolling Meadows, IL (11 miles from Elgin, IL)
- 60+ days ago
Introduction Indulge your passion for problem-solving and embrace the thrill of addressing risk head-on at Gallagher's global brokerage team. Join a family of diverse minds, united by a relentless...
- Downers Grove, IL (17 miles from Elgin, IL)
- 90+ days ago
- Downers Grove, IL (17 miles from Elgin, IL)
- 90+ 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...
Credit and Collections Specialist
- Oak Brook, IL (21 miles from Elgin, IL)
- 90+ days ago
- Oak Brook, IL (21 miles from Elgin, IL)
- 90+ 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 (21 miles from Elgin, IL)
- 90+ days ago
- Hinsdale, IL (21 miles from Elgin, IL)
- 90+ 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 Elgin, IL
Moving to Elgin, IL? Find some basic demographic data about Elgin, IL below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Elgin, IL
Highest Education Level
Collections Specialists in Elgin, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Collections Specialist position
- Billing
- Spreadsheets
- Invoicing
- Reconciliation
- Month-End Close
- General Accounting
- NetSuite
- Pivot Tables
- Cash Applications
- Enterprise Resource Planning
- VLOOKUP
- JD Edwards
- Education Experience
- Financial Statement Analysis
- Consumer Lending
- Lending
- Loan Documentation
- Credit Underwriting
- Account Maintenance
- Automated Clearing House
- Mortgage Processing
- Loan Servicing
- Credit Analysis
- Account Reconciliation
- Reconciliations
- Payment Processing
- Resolution
- Accounts Receivable
- Collections
- Inbound/Outbound Calling
- Finance
- High School Diploma
- Customer Relations
- Accounting
- Microsoft Outlook
- Negotiation
- Written Communication
- Documentation
- Verbal Communication
- Telephone Skills
- Investigation
- Reporting
- Collaboration
- Filing
- Interpersonal Skills
- Policy Development
- Microsoft PowerPoint
- Regulations
- Multitasking
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Time Management
- Research Skills
- Teamwork
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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