Collections Specialist Jobs in Cottage Grove, MN
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.
Restoration Collections Coordinator
- Minneapolis, MN (20 miles from Cottage Grove, MN)
- 6 hours ago
- Minneapolis, MN (20 miles from Cottage Grove, MN)
- 6 hours ago
Service Restoration, Inc. is a leading property restoration company committed to providing top-notch restoration services to individuals and businesses in need. As a trusted industry leader, we...
- Minneapolis, MN (20 miles from Cottage Grove, MN)
- 2 days ago
- Minneapolis, MN (20 miles from Cottage Grove, MN)
- 2 days ago
Senior AR/Collections Analyst REQUISITION ID: 4655 Location: Minneapolis, MN Travel Requirement: No travel required Inovalon was founded in 1998 on the belief that technology, and data...
Credit & Collections Specialist
- Saint Paul, MN (12 miles from Cottage Grove, MN)
- 2 days ago
- Saint Paul, MN (12 miles from Cottage Grove, MN)
- 2 days ago
Position Overview** The Credit & Collections Specialist is a highly independent role with limited management oversight....
Remote WorkLoan & Collections Coordinator
- Saint Paul, MN (12 miles from Cottage Grove, MN)
- 12 days ago
- Saint Paul, MN (12 miles from Cottage Grove, MN)
- 12 days ago
Position Title Loan & Collections Coordinator Division Finance & Administration Department/Office Student Accounts Position Summary Information Advertisement St. Catherine University invites...
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- Minneapolis, MN (20 miles from Cottage Grove, MN)
- 22 days ago
- Minneapolis, MN (20 miles from Cottage Grove, MN)
- 22 days ago
The Collections Analyst is responsible for the resolution and management of outstanding invoices and delinquent accounts. Works directly with clients to negotiate payment terms consistent with...
Credit and Collections Specialist
- Eden Prairie, MN (24 miles from Cottage Grove, MN)
- 45+ days ago
- Eden Prairie, MN (24 miles from Cottage Grove, MN)
- 45+ days ago
Specialist at our Global Headquarters in Eden Prairie, MN....
Demographic Data for Cottage Grove, MN
Moving to Cottage Grove, MN? Find some basic demographic data about Cottage Grove, MN below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Cottage Grove, MN
Highest Education Level
Collections Specialists in Cottage Grove, MN offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Collections Specialist position
- Billing
- Systems Applications & Products
- Microsoft Exchange
- Interviewing
- Invoicing
- Reconciliation
- Punctual
- Events
- Pivot Tables
- Cash Applications
- VLOOKUP
- Compensation and Benefits
- Audit Support
- Consumer Lending
- Lending
- Account Maintenance
- Automated Clearing House
- Cash Forecasting
- Mortgage Processing
- Credit Analysis
- Wire Transfers
- Loan Servicing
- Financial Operations
- Account Reconciliation
- Payment Processing
- Reconciliations
- Customer Retention
- Resolution
- Accounts Receivable
- Finance
- Strategy Development
- Collections
- Inbound/Outbound Calling
- Salesforce
- Accounting
- High School Diploma
- Written Communication
- Auditing
- Telephone Skills
- Negotiation
- Documentation
- Data Analysis
- Reporting
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Research Skills
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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Here are some other career titles that require similar skills
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