Collections Specialist Jobs in New York
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.
Our all-in-one platform offers a range of services from loan origination and servicing to in-depth analytics, supported by advanced technology....
Overview: Responsible for managing an assigned customer base of delinquent loans, mitigating loss situations and reducing nonaccrual and loss population to M&T Bank. Evaluate status of loan to...
Position Overview** The Credit & Collections Specialist is a highly independent role with limited management oversight....
Remote WorkValrhona 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...
contact with consumer borrowers that are in the early stage of delinquency; assess the prospect of repayment, and arranging repayment schedules or other solutions such as: Loan Workout, Alternative Lending...
Knowledge of legal lending methods. Some experience with computerized accounting methods. The above description covers the principal duties and responsibilities of the job....
with consumer borrowers that are in the mid to late stages of delinquency; assess the prospect of repayment, and arranging repayment schedules or other solutions such as: Loan Workout, Alternative Lending...
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 New York
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Salary for Collections Specialist Jobs in New York
Highest Education Level
Collections Specialists in New York 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
- Accounting Management
- Events
- Cash Applications
- Compensation and Benefits
- Reimbursement
- Audit Support
- Consumer Lending
- Lending
- Account Maintenance
- Automated Clearing House
- Mortgage Servicing
- Credit Analysis
- Loan Servicing
- Account Reconciliation
- Payment Processing
- Reconciliations
- Customer Retention
- Resolution
- Accounts Receivable
- Inbound/Outbound Calling
- Strategy Development
- Finance
- Collections
- Salesforce
- Analytical Skills
- Accounting
- High School Diploma
- Auditing
- Microsoft Outlook
- Investigation
- Negotiation
- Written Communication
- Telephone Skills
- Data Analysis
- Documentation
- Regulations
- Reporting
- Policy Development
- Sales
- Problem Solving
- Teamwork
- Microsoft Excel
- Microsoft Office
- Research Skills
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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