Collections Specialist Jobs in Algonquin, IL
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.
Accounts Receivable Collections Coordinator
- South Barrington, IL (7 miles from Algonquin, IL)
- 19 days ago
- South Barrington, IL (7 miles from Algonquin, IL)
- 19 days ago
Accounts Receivable Collections Coordinator South Barrington, IL Office PRESENCE is a national, natural products broker and service provider that was born from a desire to work in a progressive,...
Collections Representative - Northbrook, IL (10:00am-7:00pm)
- Northbrook, IL (24 miles from Algonquin, IL)
- 27 days ago
- Northbrook, IL (24 miles from Algonquin, IL)
- 27 days ago
To be Chicagos Bank and Wisconsin's Bank, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices...
- Northbrook, IL (24 miles from Algonquin, IL)
- 60+ days ago
- Northbrook, IL (24 miles from Algonquin, IL)
- 60+ days ago
To be Chicagos Bank and Wisconsin's Bank, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices...
Demographic Data for Algonquin, IL
Moving to Algonquin, IL? Find some basic demographic data about Algonquin, IL below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Algonquin, IL
Highest Education Level
Collections Specialists in Algonquin, IL 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
- Reconciliation
- General Accounting
- Pivot Tables
- Accounting Software
- Cash Applications
- Enterprise Resource Planning
- VLOOKUP
- Trial Balance
- Education Experience
- Reimbursement
- Restructuring
- Consumer Lending
- Lending
- Federal Housing Administration
- BSA
- Account Maintenance
- Automated Clearing House
- Mortgage Processing
- Credit Analysis
- Mortgage Servicing
- Wire Transfers
- Loan Servicing
- Financial Operations
- Account Reconciliation
- Payment Processing
- Reconciliations
- Resolution
- Accounts Receivable
- Finance
- Inbound/Outbound Calling
- Collections
- Accounting
- High School Diploma
- Prioritizing
- Microsoft Outlook
- Written Communication
- Verbal Communication
- Investigation
- Telephone Skills
- Negotiation
- Documentation
- Interpersonal Skills
- Filing
- Reporting
- Regulations
- Multitasking
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Bilingual
- Time Management
- Research Skills
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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