Collections Specialist Jobs in Wayzata, MN
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.
Loan & Collections Coordinator
- Saint Paul, MN (22 miles from Wayzata, MN)
- 6 days ago
- Saint Paul, MN (22 miles from Wayzata, MN)
- 6 days ago
Position Title Loan & Collections Coordinator Division Finance & Administration Department/Office Student Accounts Position Summary Information Advertisement St. Catherine University invites...
Loan & Collections Coordinator St. Catherine University
- Saint Paul, MN (22 miles from Wayzata, MN)
- 7 days ago
- Saint Paul, MN (22 miles from Wayzata, MN)
- 7 days ago
Loan & Collections Coordinator Division: Finance & Administration Department/Office: Student Accounts Advertisement: St. Catherine University invites applications for full-time Loan & Collections...
Revenue Cycle - Insurance Collections Coordinator
- Bloomington, MN (15 miles from Wayzata, MN)
- 16 days ago
- Bloomington, MN (15 miles from Wayzata, MN)
- 16 days ago
Why Choose Fraser: Since 1935, Fraser has been one of the top providers of mental health field in the state of Minnesota. Our programs are nationally recognized for being high quality and...
- Minneapolis, MN (13 miles from Wayzata, MN)
- 16 days ago
- Minneapolis, MN (13 miles from Wayzata, MN)
- 16 days ago
The Collections Analyst is responsible for the resolution and management of outstanding invoices and delinquent accounts. Works directly with clients to negotiate payment terms consistent with...
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Credit and Collections Specialist
- Eden Prairie, MN (7 miles from Wayzata, MN)
- 30+ days ago
- Eden Prairie, MN (7 miles from Wayzata, MN)
- 30+ days ago
Specialist at our Global Headquarters in Eden Prairie, MN....
Demographic Data for Wayzata, MN
Moving to Wayzata, MN? Find some basic demographic data about Wayzata, MN below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Wayzata, MN
Highest Education Level
Collections Specialists in Wayzata, MN 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
- Reconciliation
- General Accounting
- Pivot Tables
- Accounting Software
- Cash Applications
- Enterprise Resource Planning
- VLOOKUP
- Trial Balance
- Education Experience
- Reimbursement
- Consumer Lending
- Lending
- BSA
- Account Maintenance
- Automated Clearing House
- Cash Forecasting
- Mortgage Processing
- Credit Analysis
- Mortgage Servicing
- Wire Transfers
- Loan Servicing
- Financial Operations
- 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
- Multitasking
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Bilingual
- Time Management
- Research Skills
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
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