Collections Specialist Jobs in Kentucky
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.
Position Information Posting Number 20250069NE Job Title University Collections Coordinator Number of Vacancies 1 About Murray State Located in the West Kentucky region, Murray State University is...
University Collections Coordinator Murray State University
- Murray, KY
- 3 days ago
- Murray, KY
- 3 days ago
Summary of Job Duties and Responsibilities: The University Collections Coordinator is responsible for the review, reporting and maintenance on all past due student accounts based on the guidance...
CREDIT & COLLECTIONS ANALYST Accounting Now Prospect
- Prospect, KY
- 14 days ago
- Prospect, KY
- 14 days ago
CREDIT & COLLECTIONS ANALYST Accounting Now Prospect, KY (Onsite) Full-Time Job Details SNI has partnered with a Construction Industry Client near Waterbury looking for a Credit and Collections...
Job Description The Role: The purpose of the role is to collect all monies owing to Informa within collections policies and procedures to ensure that collection targets are met and to also collect...
Demographic Data for Kentucky
Moving to Kentucky? Find some basic demographic data about Kentucky below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Kentucky
Highest Education Level
Collections Specialists in Kentucky 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
- Consumer 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
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 »