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Collections Specialist
Location
United States
Posted
7 days ago
Salary
Not specified
Seniority
Mid Level
Job Description
Role Description
With general direction and working within established guidelines and limits of approval, the Collections Specialist performs a wide variety of collections functions and related activities for an assigned portfolio of customer accounts.
- Contacts customers via phone, fax, email or standard letter to bring accounts to a current status.
- Completes system assigned tasks within the designated timeframes.
- Reconciles and applies customer payments posted on account.
- Monitors the status of delinquent accounts, via the collector dashboard, ensuring high priority tasks are completed.
- Researches customer inquiries related to billing concerns and misapplied payments, escalating complex matters through appropriate channels.
- Understands issues and problem accounts impacting the portfolio and communicates systemic or recurring items to avoid further delinquency.
- Processes payments from delinquent customers and negotiates payment arrangements and/or settlements when necessary.
- Engages management and/or sales when required or appropriate to expedite resolution of customer issues and/or outstanding receivables.
- Accurately and concisely documents actions taken on assigned accounts with the system application.
- Responds timely to requests and questions from other Departments including Sales, Customer Service, Billing and Controllership.
- Initiates or processes write-offs, bad debt recoveries, and credit memos in accordance with defined procedures and levels of authority.
- Performs other job-related duties as assigned or apparent.
Qualifications
- High School diploma or GED.
- A thorough knowledge and understanding of collections transactions and processes.
Requirements
- 2 years of collections or relevant experience required.
Benefits
- Comprehensive medical benefits coverage, dental plans and vision coverage.
- Health care and dependent care spending accounts.
- Short- and long-term disability.
- Life insurance and accidental death & dismemberment insurance.
- Employee and Family Assistance Program (EAP).
- Employee discount programs.
- Retirement plan with a generous company match.
- Employee Stock Purchase Plan (ESPP).
- Paid Time Off (PTO).
Job Requirements
- High School diploma or GED.
- A thorough knowledge and understanding of collections transactions and processes.
- 2 years of collections or relevant experience required.
Benefits
- Comprehensive medical benefits coverage, dental plans and vision coverage.
- Health care and dependent care spending accounts.
- Short- and long-term disability.
- Life insurance and accidental death & dismemberment insurance.
- Employee and Family Assistance Program (EAP).
- Employee discount programs.
- Retirement plan with a generous company match.
- Employee Stock Purchase Plan (ESPP).
- Paid Time Off (PTO).
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