Collections Specialist Jobs in South Elgin, 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 (14 miles from South Elgin, IL)
- 10 days ago
- South Barrington, IL (14 miles from South Elgin, IL)
- 10 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 (12 miles from South Elgin, IL)
- 30+ days ago
- Schaumburg, IL (12 miles from South Elgin, 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...
Demographic Data for South Elgin, IL
Moving to South Elgin, IL? Find some basic demographic data about South Elgin, IL below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in South Elgin, IL
Highest Education Level
Collections Specialists in South Elgin, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Collections Specialist position
- Billing
- Invoicing
- Reconciliation
- Month-End Close
- General Accounting
- Claims
- Pivot Tables
- Cash Applications
- Enterprise Resource Planning
- VLOOKUP
- Trial Balance
- Education Experience
- Reimbursement
- Mortgage Lending
- Lending
- Account Maintenance
- Automated Clearing House
- Mortgage Processing
- Credit Analysis
- Mortgage Servicing
- Wire Transfers
- Loan Servicing
- Financial Operations
- Account Reconciliation
- Payment Processing
- Reconciliations
- 10 Key
- Resolution
- Accounts Receivable
- Finance
- Inbound/Outbound Calling
- Collections
- Accounting
- Analytical Skills
- High School Diploma
- Decision Making
- Prioritizing
- Written Communication
- Investigation
- Negotiation
- Microsoft Outlook
- Telephone Skills
- Documentation
- Reporting
- Interpersonal Skills
- Filing
- Regulations
- Multitasking
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Organization
- Customer Service
- Research Skills
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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