Collections Specialist Jobs in Hanover Park, 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.

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Senior Credit and Collections Specialist

  • Oak Brook, IL (16 miles from Hanover Park, IL)
  • 3 days ago
  • Oak Brook, IL (16 miles from Hanover Park, IL)
  • 3 days ago

Position Summary: We are seeking a highly motivated and detail-oriented Senior Credit and Collections Specialist to join our team....

Senior Credit & Collections Analyst

  • Lake Zurich, IL (16 miles from Hanover Park, IL)
  • 29 days ago
  • Lake Zurich, IL (16 miles from Hanover Park, IL)
  • 29 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 (19 miles from Hanover Park, IL)
  • 30+ days ago
  • Deerfield, IL (19 miles from Hanover Park, IL)
  • 30+ 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...

Collections Analyst

  • Naperville, IL (14 miles from Hanover Park, IL)
  • 45+ days ago
  • Naperville, IL (14 miles from Hanover Park, IL)
  • 45+ 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!...

Collections Analyst

  • Rolling Meadows, IL (9 miles from Hanover Park, IL)
  • 60+ days ago
  • Rolling Meadows, IL (9 miles from Hanover Park, 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...

Collections Analyst

  • Downers Grove, IL (12 miles from Hanover Park, IL)
  • 90+ days ago
  • Downers Grove, IL (12 miles from Hanover Park, 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 (16 miles from Hanover Park, IL)
  • 90+ days ago
  • Oak Brook, IL (16 miles from Hanover Park, 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...

Collections Specialist

  • Hinsdale, IL (16 miles from Hanover Park, IL)
  • 90+ days ago
  • Hinsdale, IL (16 miles from Hanover Park, 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 Hanover Park, IL

Moving to Hanover Park, IL? Find some basic demographic data about Hanover Park, IL below.


Local
National
37,494
552
Medium

Collections Specialist Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
Data Creation and Collection for Artificial Intelligence via Crowdsourcing
A one-stop shop to get started on the key considerations about data for AI! Learn how crowdsourcing offers a viable means to leverage human intelligence at scale for data creation, enrichment and...
Akichi in Collections Management: Perspectives from a Japanese University Museum
In 2021, Keio University pioneered a new approach to collections management at its university museum, KeMCo. The museum opened up a creative akichi (an open space for community collections) and...
Collections in Java
Collection is one of the most important topics for Java programming. Without the proper knowledge of every collection type in Java, it becomes difficult for you to decide which option to pick in a...

Salary for Collections Specialist Jobs in Hanover Park, IL

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Collections Specialists in Hanover Park, IL offer the following education background
Bachelor's Degree
33.7%
High School or GED
23.5%
Associate's Degree
14.8%
Vocational Degree or Certification
11.6%
Master's Degree
11.2%
Some College
3.5%
Doctorate Degree
1.4%
Some High School
0.5%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Collections Specialists in Hanover Park, IL
Less than 1 year
49.4%
2-4 years
27.6%
1-2 years
19.0%
None
3.3%
4-6 years
0.4%
10+ years
0.3%



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