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Collections Specialist
$48k-60k (estimate)
Full Time | Ambulatory Healthcare Services 7 Days Ago
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Green Key Resources is Hiring a Collections Specialist Near New York, NY

SummaryAs a Collections Specialist, you will be responsible for managing the accounts receivable process and maximizing cash flow by promptly collecting payments from clients. You will work closely with internal stakeholders and clients to resolve outstanding invoices and maintain positive relationships.
Responsibilities
  • Contact clients via phone, email, and mail to follow up on overdue invoices and ensure timely payment.
  • Review and analyze client accounts to identify delinquent balances and develop collection strategies.
  • Negotiate payment plans and settlement agreements with clients as needed, while maintaining professionalism and adhering to company policies.
  • Collaborate with internal teams, including billing and client services, to resolve billing discrepancies and address client inquiries.
  • Maintain accurate and updated records of collection activities and communications with clients.
  • Monitor aging reports and prioritize collection efforts based on account status and risk.
  • Prepare regular reports on collection activities, account status, and cash flow projections for management review.
  • Stay informed about industry regulations and best practices in collections to ensure compliance and efficiency.
Qualifications
  • Bachelor's degree in Finance, Accounting, Business Administration, or related field preferred.
  • Proven experience as a Collections Specialist or similar role, preferably within a professional services firm.
  • Strong negotiation and communication skills, with the ability to build rapport and resolve conflicts effectively.
  • Excellent attention to detail and organizational skills, with the ability to prioritize tasks and meet deadlines.
  • Proficiency in accounting software and Microsoft Office suite, particularly Excel for data analysis.
  • Ability to work independently and collaboratively in a team-oriented environment.
  • Problem-solving mindset with a proactive approach to resolving issues and improving processes.
  • Knowledge of collections laws and regulations is a plus.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Ambulatory Healthcare Services

SALARY

$48k-60k (estimate)

POST DATE

06/30/2024

EXPIRATION DATE

09/26/2024

WEBSITE

greenkeyllc.com

HEADQUARTERS

POTOMAC, MD

SIZE

500 - 1,000

FOUNDED

2004

CEO

CHELSEA MURPHY

REVENUE

<$5M

INDUSTRY

Ambulatory Healthcare Services

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The job skills required for Collections Specialist include Billing, Accounts Receivable, Problem Solving, Accounting, Microsoft Office, Communication Skills, etc. Having related job skills and expertise will give you an advantage when applying to be a Collections Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Collections Specialist. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Collections Specialist positions, which can be used as a reference in future career path planning. As a Collections Specialist, it can be promoted into senior positions as a Collections Representative III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Collections Specialist. You can explore the career advancement for a Collections Specialist below and select your interested title to get hiring information.

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If you are interested in becoming a Collections Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Collections Specialist for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Collections Specialist job description and responsibilities

Collections Specialists are generally responsible for managing and collection all the outstanding accounts receivables form clients and customers.

02/26/2022: New York, NY

Collections specialists are responsible for managing overdue accounts for an organization.

12/16/2021: Port Arthur, TX

They prepare official receipts and coordinate with account payable specialists from other companies with pending payables.

01/03/2022: Omaha, NE

remind the clients for the overdue payment

01/05/2022: Fayetteville, NC

Contact clients for overdue outstanding payment

02/28/2022: Saginaw, MI

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Collections Specialist jobs

Build an optimized Collections Specialist resume quickly and easily using administrative skills.

02/02/2022: Omaha, NE

Collections specialists must be able to approach each conversation as a fresh start without carrying over any emotions from previous calls.

02/04/2022: Idaho Falls, ID

These more advanced collection specialists must know, understand, and follow federal guidelines for these actions.

02/03/2022: Elkhart, IN

Learn excellent knowledge of billing procedure

03/03/2022: Utica, NY

Relevant work experience as a Collections Specialist are prefered

03/03/2022: Charleston, SC

Step 3: View the best colleges and universities for Collections Specialist.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College
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