Collections Specialist Jobs in Buffalo Grove, 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.
Collections Agent - WFH (Must Live in IL)
- Chicago, IL (23 miles from Buffalo Grove, IL)
- 3 days ago
- Chicago, IL (23 miles from Buffalo Grove, IL)
- 3 days ago
at PrincePerelson & Associates in Chicago, Illinois, United States Job Description Collections Agent - Work from Home Must live in Utah, Illinois, Indiana, Missouri, Iowa, Wisconsin, or Wyoming...
Remote WorkCredit and Collections Specialist Senior
- Chicago, IL (23 miles from Buffalo Grove, IL)
- 12 days ago
- Chicago, IL (23 miles from Buffalo Grove, IL)
- 12 days ago
Anticipated End Date: 2025-05-02 Position Title: Credit and Collections Specialist Senior Job Description: Credit and Collections Specialist Senior Location: This position will work within a hybrid...
- Chicago, IL (23 miles from Buffalo Grove, IL)
- 16 days ago
- Chicago, IL (23 miles from Buffalo Grove, IL)
- 16 days ago
An Account Resolution Agent will play a crucial role in managing and resolving early-stage delinquent accounts. This position requires excellent communication skills, a strong understanding of...
Accounts Receivable Collections Coordinator
- South Barrington, IL (10 miles from Buffalo Grove, IL)
- 22 days ago
- South Barrington, IL (10 miles from Buffalo Grove, IL)
- 22 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,...
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Billing & Collections Specialist - JR29797-3800
- Chicago, IL (23 miles from Buffalo Grove, IL)
- 22 days ago
- Chicago, IL (23 miles from Buffalo Grove, IL)
- 22 days ago
**Job Summary**The Billing and Collections Specialist is responsible for activitiesassociated with billing and collecting payments associated withsponsored projects at the University of Chicago....
- Schaumburg, IL (11 miles from Buffalo Grove, IL)
- 30+ days ago
- Schaumburg, IL (11 miles from Buffalo Grove, IL)
- 30+ 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...
- Northbrook, IL (6 miles from Buffalo Grove, IL)
- 60+ days ago
- Northbrook, IL (6 miles from Buffalo Grove, 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 Buffalo Grove, IL
Moving to Buffalo Grove, IL? Find some basic demographic data about Buffalo Grove, IL below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Buffalo Grove, IL
Highest Education Level
Collections Specialists in Buffalo Grove, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Collections Specialist position
- Billing
- Business Correspondence
- Invoicing
- Reconciliation
- Pivot Tables
- Accounting Software
- Cash Applications
- Enterprise Resource Planning
- VLOOKUP
- Education Experience
- Reimbursement
- Consumer Lending
- Lending
- BSA
- Account Maintenance
- Automated Clearing House
- Cash Forecasting
- Mortgage Processing
- Credit Analysis
- Wire Transfers
- Loan Servicing
- Financial Operations
- Financial Statements
- Account Reconciliation
- Payment Processing
- Reconciliations
- Resolution
- Accounts Receivable
- Finance
- Collections
- Inbound/Outbound Calling
- Accounting
- High School Diploma
- Microsoft Outlook
- Written Communication
- Verbal Communication
- Investigation
- Prioritizing
- Telephone Skills
- Negotiation
- Documentation
- Interpersonal Skills
- Filing
- Reporting
- Regulations
- 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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