Collections Specialist Jobs in Rutherford, NJ
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
- Englewood Cliffs, NJ (9 miles from Rutherford, NJ)
- 1 day ago
- Englewood Cliffs, NJ (9 miles from Rutherford, NJ)
- 1 day ago
at LG Electronics USA, Inc. in Englewood Cliffs, New Jersey, United States Job Description Step into the innovative world of LG Electronics. As a global leader in technology, LG Electronics is...
Accounting/Collections Coordinator
- Brooklyn, NY (10 miles from Rutherford, NJ)
- 1 day ago
- Brooklyn, NY (10 miles from Rutherford, NJ)
- 1 day ago
Valrhona has been a pioneer and leader in the world of chocolate since 1922. We provide high-quality chocolates, with 100% traceable cacao sourced directly from farmers to professionals and...
Credit & Collections Specialist
- Ridgefield Park, NJ (4 miles from Rutherford, NJ)
- 6 days ago
- Ridgefield Park, NJ (4 miles from Rutherford, NJ)
- 6 days ago
Credit & Collections Specialist Job ID 129757 Job Type Contract Industry Manufacturing Location Ridgefield Park, New Jersey, United States Talascend is currently seeking a Credit & Collections Analyst...
Job Description We are currently seeking a Credit & Collections Specialist in Lyndhurst, NJ....
Billing & Collection Specialist (Hybrid RMA NY)
- New York, NY (7 miles from Rutherford, NJ)
- 45+ days ago
- New York, NY (7 miles from Rutherford, NJ)
- 45+ days ago
Billing & Collection Specialist (Hybrid RMA NY) Job Category: Non-Clinical Requisition Number: BILLI008744 ed: February 25, 2025 Full-Time Locations Showing 1 location New York, NY 10022, USA Job Details...
- New York, NY (8 miles from Rutherford, NJ)
- 60+ days ago
- New York, NY (8 miles from Rutherford, NJ)
- 60+ days ago
The Collections Specialist will also assist the Accounting department to reconcile billing issues or payment misapplications. Role Objectives Reviewing open accounts for collection efforts....
Demographic Data for Rutherford, NJ
Moving to Rutherford, NJ? Find some basic demographic data about Rutherford, NJ below.
Collections Specialist Online Courses and Training Opportunities
Salary for Collections Specialist Jobs in Rutherford, NJ
Highest Education Level
Collections Specialists in Rutherford, NJ 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
- Pivot Tables
- Cash Applications
- Enterprise Resource Planning
- VLOOKUP
- Trial Balance
- 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
- Verbal 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 »