Collections Specialist Jobs in Short Hills, 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.
- Wayne, NJ (15 miles from Short Hills, NJ)
- 7 days ago
- Wayne, NJ (15 miles from Short Hills, NJ)
- 7 days ago
Credit & Collections Specialist Full-time | Mon-Fri, 8:30 AM - 5:00 PM Reports to: Accounting Manager Overview: Manufacturing client is seeking a detail-oriented Credit & Collections Specialist to manage...
Client Accounting Collections Coordinator
- New York, NY (17 miles from Short Hills, NJ)
- 9 days ago
- New York, NY (17 miles from Short Hills, NJ)
- 9 days ago
Client Accounting Collections Coordinator remote type Hybrid locations New York time type Full time posted on Posted Today job requisition id JR_2249 We invite you to review our current business...
- Bogota, NJ (18 miles from Short Hills, NJ)
- 24 days ago
- Bogota, NJ (18 miles from Short Hills, NJ)
- 24 days ago
About Addi We are a leading financial platform, building the future of payments, shopping, and banking-a world where consumers and merchants can transact effortlessly, grow together and where we...
Accounting/Collections Coordinator
- Brooklyn, NY (18 miles from Short Hills, NJ)
- 90+ days ago
- Brooklyn, NY (18 miles from Short Hills, NJ)
- 90+ 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...
Demographic Data for Short Hills, NJ
Moving to Short Hills, NJ? Find some basic demographic data about Short Hills, NJ below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Short Hills, NJ
Highest Education Level
Collections Specialists in Short Hills, NJ offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Collections Specialist position
- Billing
- Spreadsheets
- Invoicing
- Reconciliation
- Month-End Close
- General Accounting
- Pivot Tables
- Electronic Data Interchange
- Cash Applications
- Enterprise Resource Planning
- VLOOKUP
- JD Edwards
- Education Experience
- Financial Statement Analysis
- Consumer Lending
- Lending
- Loan Documentation
- Account Maintenance
- Automated Clearing House
- Mortgage Processing
- Loan Servicing
- Credit Analysis
- Account Reconciliation
- Reconciliations
- Payment Processing
- Resolution
- Accounts Receivable
- Collections
- Inbound/Outbound Calling
- Finance
- High School Diploma
- Customer Relations
- Accounting
- Negotiation
- Microsoft Outlook
- Written Communication
- Documentation
- Verbal Communication
- Telephone Skills
- Investigation
- Reporting
- Collaboration
- Filing
- Interpersonal Skills
- Policy Development
- Microsoft PowerPoint
- Multitasking
- Problem Solving
- Regulations
- Microsoft Excel
- Microsoft Office
- Sales
- Time Management
- Research Skills
- Teamwork
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- 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 »