Collections Specialist Jobs in Batavia, 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.
Oracle CC&B Credit & Collections Analyst
- Oak Brook, IL (21 miles from Batavia, IL)
- 3 days ago
- Oak Brook, IL (21 miles from Batavia, IL)
- 3 days ago
Oracle CC&B Credit & Collections Analyst Location: mostly remotewith occasional on-site in Oakbrook, IL Company Overview Our utility company is seeking a detail-oriented Oracle CC&B Credit &...
- Hinsdale, IL (21 miles from Batavia, IL)
- 5 days ago
- Hinsdale, IL (21 miles from Batavia, IL)
- 5 days ago
Job Title: Collections Specialist Department: Early-Stage Collections Reports To: Collections Team Lead, Officer FLSA Status: Non-Exempt (Hourly) Essential Duties and Responsibilities include the following...
Accounts Receivable Collections Coordinator
- South Barrington, IL (23 miles from Batavia, IL)
- 25 days ago
- South Barrington, IL (23 miles from Batavia, IL)
- 25 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,...
- Schaumburg, IL (18 miles from Batavia, IL)
- 45+ days ago
- Schaumburg, IL (18 miles from Batavia, IL)
- 45+ days ago
Collections Analyst Schaumburg, IL, USA Req #291 Friday, March 21, 2025 Location: Schaumburg, IL (currently hybrid with up to 50% remote) Your mission in the finance team: At Touch T unes, your...
Demographic Data for Batavia, IL
Moving to Batavia, IL? Find some basic demographic data about Batavia, IL below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Batavia, IL
Highest Education Level
Collections Specialists in Batavia, 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
- Microsoft Exchange
- Interviewing
- Invoicing
- Reconciliation
- Punctual
- Events
- Pivot Tables
- Cash Applications
- VLOOKUP
- Compensation and Benefits
- Audit Support
- Consumer Lending
- Lending
- Account Maintenance
- Automated Clearing House
- Cash Forecasting
- Mortgage Processing
- Credit Analysis
- Wire Transfers
- Loan Servicing
- Account Reconciliation
- Payment Processing
- Reconciliations
- Customer Retention
- Resolution
- Accounts Receivable
- Finance
- Strategy Development
- Collections
- Inbound/Outbound Calling
- Salesforce
- Accounting
- High School Diploma
- Written Communication
- Verbal Communication
- Auditing
- Telephone Skills
- Negotiation
- Documentation
- Data Analysis
- Filing
- Reporting
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Research Skills
- 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 »