Collections Specialist Jobs in Michigan

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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Collections Specialist I Fenton Main

  • Fenton, MI
  • 1 day ago
  • Fenton, MI
  • 1 day ago

Job Type Full-time Description Collection Specialist I Non-Exempt Grade Level 4 Equal Employment Opportunity Corporate Values & Mission Provide superior service, quality advice and show our utmost respect...

Commercial Collections Officer

  • Southgate, MI
  • 3 days ago
  • Southgate, MI
  • 3 days ago

Work with Commercial Lenders to identify alternatives to resolve problem loan situations....

Collections Specialist SPOC Remote

  • Detroit, MI
  • 6 days ago
  • Detroit, MI
  • 6 days ago

Collections Specialist SPOC Remote Job Code Number 287670860 Job Description Who We AreServiceMac is a new sub-servicing entity backed by some of the leading practitioners of the mortgage servicing...

Remote Work

Credit And Collections Analyst

  • Kalamazoo, MI
  • 19 days ago
  • Kalamazoo, MI
  • 19 days ago

Credit and Collections Analyst Job Description The Credit & Collections Analyst will support the Accounting team by extending credit and collecting payments from customers. They will pull...

Student Billing Specialist Collections Coordinator

  • University Center, MI
  • 27 days ago
  • University Center, MI
  • 27 days ago

Position Title: Student Billing Specialist Collections Coordinator Employee Group: Support Division/Department: Finance Status: Full-Time Starting Salary: $19.94 -- $22.13 per hour, commensurate...

Collections Specialist Remote

  • Detroit, MI
  • 27 days ago
  • Detroit, MI
  • 27 days ago

JOB DETAILS Job Details Collections Specialist Remote Job Code Number 283218795 Job Description Who We AreServiceMac is a new sub-servicing entity backed by some of the leading practitioners of the...

Remote Work

Collections Analyst (Temp)

  • Detroit, MI
  • 30+ days ago
  • Detroit, MI
  • 30+ days ago

Collections Analyst (Temp) Accounting Detroit, Michigan Contract Oct 2, 2024 Job Title: Collections Analyst - Law Firm/Accounts Receivable Location: Detroit, MI Pay: $25 - $30/hr Schedule:...

Inbound Toll Collections Agent (Entry-Level)

  • Bay City, MI
  • 90+ days ago
  • Bay City, MI
  • 90+ days ago

POSITION OVERVIEW MCI is a leading Business Process Outsourcing (BPO) company that specializes in delivering tailored solutions to meet the diverse needs of our clients. With a commitment to...

Demographic Data for Michigan

Moving to Michigan? Find some basic demographic data about Michigan below.


Local
National
10,077,306
222,152

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.
Flow Data Collections Specialist Superbadge
Complete the capstone assessment to earn the Flow Data Collections Specialist Superbadge. This module includes the following lessons: Flow Collections and Loops Superbadge Unit Flow Data...
Paediatric Dentistry for Non-Specialists
This course aims to provide you with the practical advice and guidance you need to treat childrens dental issues and emergencies, achieving excellent results. Apart from various treatment options,...
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...

Salary for Collections Specialist Jobs in Michigan

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

Highest Education Level

Collections Specialists in Michigan offer the following education background
Bachelor's Degree
33.5%
High School or GED
23.7%
Associate's Degree
14.8%
Vocational Degree or Certification
11.6%
Master's Degree
11.0%
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 Michigan
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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