Collections Specialist Jobs in Woodruff, SC
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.
Customer Service/Collections Rep - Auto Lending
- Greenville, SC (21 miles from Woodruff, SC)
- 30+ days ago
- Greenville, SC (21 miles from Woodruff, SC)
- 30+ days ago
What you get to do: Payment posting Loan processing Customer Service Collections What you need to succeed: Prior phone collections experience Any prior experience with automotive, insurance or titles...
Demographic Data for Woodruff, SC
Moving to Woodruff, SC? Find some basic demographic data about Woodruff, SC below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Woodruff, SC
Highest Education Level
Collections Specialists in Woodruff, SC offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Collections Specialist position
- Billing
- Spreadsheets
- Business Correspondence
- Reconciliation
- Month-End Close
- NetSuite
- Pivot Tables
- Accounting Software
- Electronic Data Interchange
- Navision
- Cash Applications
- Enterprise Resource Planning
- VLOOKUP
- Consumer Lending
- Lending
- BSA
- Account Maintenance
- Fannie Mae
- Automated Clearing House
- Mortgage Processing
- Credit Analysis
- Mortgage Servicing
- Loan Servicing
- Account Reconciliation
- Payment Processing
- Reconciliations
- Resolution
- Accounts Receivable
- Systems Applications & Products
- Collections
- Inbound/Outbound Calling
- Finance
- Accounting
- Customer Relations
- High School Diploma
- Written Communication
- Investigation
- Negotiation
- Microsoft Outlook
- Verbal Communication
- Telephone Skills
- Interpersonal Skills
- Documentation
- Reporting
- Filing
- Regulations
- Policy Development
- Multitasking
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Bilingual
- Time Management
- Research Skills
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- 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 »