Collections Specialist Jobs in Madison, NJ
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.
- Newark, NJ (13 miles from Madison, NJ)
- 8 hours ago
- Newark, NJ (13 miles from Madison, NJ)
- 8 hours ago
Collections Coordinator/Specialist Location: Newark, NJ (Hybrid - 4 days in office, 1 day remote) Salary: $70,000 annually Reports To: Chief Financial Officer (CFO) Parking: On-site parking...
- Basking Ridge, NJ (9 miles from Madison, NJ)
- 12 hours ago
- Basking Ridge, NJ (9 miles from Madison, NJ)
- 12 hours ago
Kennedys, a growing global law firm, is seeking full-time Credit Control Specialist to join our US Finance team. Collections experience preferred, but not required. If you are good with numbers,...
- Teaneck, NJ (23 miles from Madison, NJ)
- 22 hours ago
- Teaneck, NJ (23 miles from Madison, NJ)
- 22 hours ago
Collections Specialist Teaneck, NJ, USA Req #86 Wednesday, November 11, 2020 Company Introduction Interstate Waste Services is the most progressive and innovative provider of solid waste and recycling...
- Wayne, NJ (16 miles from Madison, NJ)
- 7 days ago
- Wayne, NJ (16 miles from Madison, NJ)
- 7 days ago
A large banking client is looking for a Collections Specialist to join their Consumer Lending organization....
- South Plainfield, NJ (12 miles from Madison, NJ)
- 9 days ago
- South Plainfield, NJ (12 miles from Madison, NJ)
- 9 days ago
How You'll Add Value Join the Azenta Finance team as a Collections Analyst for our Multiomics Business, to manage an analyze accounts receivable data to identify delinquent accounts, initiate...
Accounting/Collections Coordinator
- Brooklyn, NY (22 miles from Madison, NJ)
- 14 days ago
- Brooklyn, NY (22 miles from Madison, NJ)
- 14 days ago
Valrhona has been a pioneer and leader in the world of chocolate since 1922. We provide high-quality chocolates, with 100% traceable cacao sourced directly from farmers to professionals and...
Credit & Collections Specialist
- Ridgefield Park, NJ (21 miles from Madison, NJ)
- 19 days ago
- Ridgefield Park, NJ (21 miles from Madison, NJ)
- 19 days ago
Credit & Collections Specialist Job ID 129757 Job Type Contract Industry Manufacturing Location Ridgefield Park, New Jersey, United States Talascend is currently seeking a Credit & Collections Analyst...
Credit & Collections Specialist
- Rutherford, NJ (16 miles from Madison, NJ)
- 30+ days ago
- Rutherford, NJ (16 miles from Madison, NJ)
- 30+ days ago
Job Description We are currently seeking a Credit & Collections Specialist in Lyndhurst, NJ....
- New York, NY (23 miles from Madison, NJ)
- 60+ days ago
- New York, NY (23 miles from Madison, NJ)
- 60+ days ago
The Collections Specialist will also assist the Accounting department to reconcile billing issues or payment misapplications. Role Objectives Reviewing open accounts for collection efforts....
Demographic Data for Madison, NJ
Moving to Madison, NJ? Find some basic demographic data about Madison, NJ below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Madison, NJ
Highest Education Level
Collections Specialists in Madison, NJ 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
- Invoicing
- Reconciliation
- General Accounting
- Pivot Tables
- Accounting Software
- Cash Applications
- Enterprise Resource Planning
- VLOOKUP
- Education Experience
- Reimbursement
- Consumer Lending
- Lending
- Federal Housing Administration
- BSA
- Account Maintenance
- Automated Clearing House
- Cash Forecasting
- Mortgage Processing
- Credit Analysis
- Wire Transfers
- Loan Servicing
- Financial Operations
- Account Reconciliation
- Payment Processing
- Reconciliations
- Resolution
- Accounts Receivable
- Finance
- Collections
- Inbound/Outbound Calling
- Accounting
- High School Diploma
- Microsoft Outlook
- Written Communication
- Verbal Communication
- Investigation
- Prioritizing
- Telephone Skills
- Negotiation
- Documentation
- Interpersonal Skills
- Filing
- Reporting
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Bilingual
- Time Management
- Research Skills
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
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