Creative Financial Staffing
Creative Financial Staffing | Collections Specialist: MI | lansing, mi
Creative Financial Staffing, Lansing, Michigan, United States,
A Collections Specialist is responsible for managing and recovering overdue accounts. They typically work in a finance or customer service role, helping companies ensure that outstanding balances are paid in a timely manner. Heres a typical job description for a Collections Specialist:
Job Title: Collections Specialist
Summary:
The Collections Specialist is responsible for overseeing the accounts receivable process, managing overdue payments, and ensuring collections are made efficiently. This position involves communicating with customers to resolve billing issues, negotiating payment plans, and maintaining accurate records of collection activities.
Key Responsibilities:
Monitor Accounts: Review and manage overdue accounts, identifying those requiring collection efforts.
Customer Contact: Reach out to clients via phone, email, or mail to inform them of outstanding balances and negotiate payment plans.
Payment Processing: Facilitate payments by processing credit card transactions, arranging payment schedules, and providing necessary documentation.
Resolve Discrepancies: Investigate and resolve billing issues or disputes that may delay payment, working closely with the billing and accounting departments.
Maintain Records: Keep detailed and accurate records of all communications, payment plans, and follow-up activities.
Reporting: Prepare and submit regular reports on the status of accounts, collection efforts, and outstanding balances to management.
Compliance: Ensure that all collection efforts comply with company policies and relevant regulations (e.g., FDCPA in the U.S.).
Customer Service: Provide excellent customer service by handling sensitive situations with professionalism and tact.
Legal Actions: Collaborate with legal departments when necessary to initiate legal proceedings for debt recovery.
Qualifications:
Education: A high school diploma or equivalent; a degree in accounting, finance, or a related field is often preferred.
Experience: Prior experience in collections, accounts receivable, or customer service is typically required.
Skills:
Strong communication and negotiation skills
Proficiency in accounting software and Microsoft Office Suite
High attention to detail and organizational skills
Ability to handle difficult conversations professionally
Knowledge of collections laws and regulations
Preferred Qualifications:
Familiarity with industry-specific accounting software
Experience working in a similar industry (e.g., banking, healthcare, retail)
Bilingual abilities (depending on customer base)
Work Environment:
Primarily an office setting with phone and email communication
Some travel may be required for in-person meetings or court appearances
Key Competencies:
Problem-solving abilities
Persistence and determination
Adaptability in a fast-paced environment
Ability to work independently and meet deadlines
This description can be tailored based on specific industry needs or company expectations.
ZRCFS
LI-KB1#INNOV2024
Job Title: Collections Specialist
Summary:
The Collections Specialist is responsible for overseeing the accounts receivable process, managing overdue payments, and ensuring collections are made efficiently. This position involves communicating with customers to resolve billing issues, negotiating payment plans, and maintaining accurate records of collection activities.
Key Responsibilities:
Monitor Accounts: Review and manage overdue accounts, identifying those requiring collection efforts.
Customer Contact: Reach out to clients via phone, email, or mail to inform them of outstanding balances and negotiate payment plans.
Payment Processing: Facilitate payments by processing credit card transactions, arranging payment schedules, and providing necessary documentation.
Resolve Discrepancies: Investigate and resolve billing issues or disputes that may delay payment, working closely with the billing and accounting departments.
Maintain Records: Keep detailed and accurate records of all communications, payment plans, and follow-up activities.
Reporting: Prepare and submit regular reports on the status of accounts, collection efforts, and outstanding balances to management.
Compliance: Ensure that all collection efforts comply with company policies and relevant regulations (e.g., FDCPA in the U.S.).
Customer Service: Provide excellent customer service by handling sensitive situations with professionalism and tact.
Legal Actions: Collaborate with legal departments when necessary to initiate legal proceedings for debt recovery.
Qualifications:
Education: A high school diploma or equivalent; a degree in accounting, finance, or a related field is often preferred.
Experience: Prior experience in collections, accounts receivable, or customer service is typically required.
Skills:
Strong communication and negotiation skills
Proficiency in accounting software and Microsoft Office Suite
High attention to detail and organizational skills
Ability to handle difficult conversations professionally
Knowledge of collections laws and regulations
Preferred Qualifications:
Familiarity with industry-specific accounting software
Experience working in a similar industry (e.g., banking, healthcare, retail)
Bilingual abilities (depending on customer base)
Work Environment:
Primarily an office setting with phone and email communication
Some travel may be required for in-person meetings or court appearances
Key Competencies:
Problem-solving abilities
Persistence and determination
Adaptability in a fast-paced environment
Ability to work independently and meet deadlines
This description can be tailored based on specific industry needs or company expectations.
ZRCFS
LI-KB1#INNOV2024