Collections Specialist Jobs in Farmington Hills, MI
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.
- Romulus, MI (21 miles from Farmington Hills, MI)
- 15 days ago
- Romulus, MI (21 miles from Farmington Hills, MI)
- 15 days ago
Job Type Full-time Description PSCU is looking for a motivated and detail-oriented Collections Specialist to join our team....
Repayment Solutions Specialist (Collections)
- Troy, MI (14 miles from Farmington Hills, MI)
- 18 days ago
- Troy, MI (14 miles from Farmington Hills, MI)
- 18 days ago
Founded by a small group of educators, Michigan Schools & Government Credit Union (MSGCU) has been providing quality financial services to the community for 70 years and welcomes everyone in...
Collections Specialist SPOC Remote
- Detroit, MI (20 miles from Farmington Hills, MI)
- 30+ days ago
- Detroit, MI (20 miles from Farmington Hills, MI)
- 30+ days ago
Collections Specialist SPOC Remote Job Code Number 287670860 Job Description Who We AreServiceMac is a new sub-servicing entity backed by some of the leading practitioners of the mortgage servicing...
Remote WorkDemographic Data for Farmington Hills, MI
Moving to Farmington Hills, MI? Find some basic demographic data about Farmington Hills, MI below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Farmington Hills, MI
Highest Education Level
Collections Specialists in Farmington Hills, MI 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
Other Career Titles
Here are some other career titles that require similar skills
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