Collections Specialist Jobs in Oak Brook, 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.
Sr. Collections Representative - Hybrid Chicago
- Chicago, IL (15 miles from Oak Brook, IL)
- 23 hours ago
- Chicago, IL (15 miles from Oak Brook, IL)
- 23 hours ago
The Sr. Collections Representative reports to the Supervisor of Collections and pursues loss prevention and loss mitigation opportunities for member loan and depository products including, but not...
Remote Work- Chicago, IL (15 miles from Oak Brook, IL)
- 7 days ago
- Chicago, IL (15 miles from Oak Brook, IL)
- 7 days ago
Since 1952, Lawson Products has worked hard to make our customers' jobs easier by improving their operational efficiency, productivity and overall performance. As a leader in the MRO industry, we...
Billing & Collections Coordinator
- Chicago, IL (15 miles from Oak Brook, IL)
- 7 days ago
- Chicago, IL (15 miles from Oak Brook, IL)
- 7 days ago
You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of...
- Rolling Meadows, IL (19 miles from Oak Brook, IL)
- 9 days ago
- Rolling Meadows, IL (19 miles from Oak Brook, IL)
- 9 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...
Business Credit Control Specialist
- Chicago, IL (15 miles from Oak Brook, IL)
- 10 days ago
- Chicago, IL (15 miles from Oak Brook, IL)
- 10 days ago
Were building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing whats right for our clients. At CIBC, we embrace your...
CashNetUSA Collections Representative (Remote)
- Chicago, IL (15 miles from Oak Brook, IL)
- 18 days ago
- Chicago, IL (15 miles from Oak Brook, IL)
- 18 days ago
#BI-Remote #LI-Remote About the role: Enova operates multiple consumer lending brands, each with distinct offerings and customer criteria....
Remote Work- Chicago, IL (15 miles from Oak Brook, IL)
- 19 days ago
- Chicago, IL (15 miles from Oak Brook, IL)
- 19 days ago
Credit/Collections Analyst Department: Finance Location: Remote (work from home) In State Candidates Only Salary: $0 - $0 Per Hour Employment Type: Regular Full Time Shift: 1st Shift Scheduled...
Remote WorkCollections Agent - WFH (Must Live in IL)
- Chicago, IL (15 miles from Oak Brook, IL)
- 27 days ago
- Chicago, IL (15 miles from Oak Brook, IL)
- 27 days ago
Collections Agent - Work from Home** Must live in Utah, Illinois, Indiana, Missouri, Iowa, Wisconsin, or Wyoming $18.00/hr to $21.00/hr (depending on experience) plus Monthly Bonuses up to...
Remote Work- Downers Grove, IL (5 miles from Oak Brook, IL)
- 30+ days ago
- Downers Grove, IL (5 miles from Oak Brook, IL)
- 30+ 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 (5 miles from Oak Brook, IL)
- 30+ days ago
- Downers Grove, IL (5 miles from Oak Brook, IL)
- 30+ 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 Department: Accounting & Finance Employment Type: Full Time Location: Oak Brook, IL Description ASC Engineered Solutions is looking for a Accounts Receivable Specialist...
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 Oak Brook, IL
Moving to Oak Brook, IL? Find some basic demographic data about Oak Brook, IL below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Oak Brook, IL
Highest Education Level
Collections Specialists in Oak Brook, 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
- Reconciliation
- Revenue Cycle
- NetSuite
- Claims
- Prioritizing
- Pivot Tables
- Garnishments
- Cash Applications
- Enterprise Resource Planning
- VLOOKUP
- Consumer Lending
- Lending
- BSA
- Credit Underwriting
- Account Maintenance
- Automated Clearing House
- Mortgage Processing
- Credit Analysis
- Financial Services
- Loan Servicing
- Mortgage Servicing
- Account Reconciliation
- Payment Processing
- Reconciliations
- Resolution
- Accounts Receivable
- Inbound/Outbound Calling
- Finance
- Collections
- Accounting
- Customer Relations
- High School Diploma
- Negotiation
- Written Communication
- Investigation
- Microsoft Outlook
- Telephone Skills
- Verbal Communication
- Documentation
- Reporting
- Interpersonal Skills
- Filing
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Multitasking
- 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 »