About the Role

We are seeking a dedicated and experienced Full-time Collections Specialist to join our dynamic team. The ideal candidate will be responsible for managing and executing collection activities to ensure timely payment of outstanding accounts. This role requires a detail-oriented individual with excellent communication skills and a strong understanding of collections processes, billing procedures, and payment processing.

Key Responsibilities

• Manage a portfolio of delinquent accounts and implement effective collection strategies to recover outstanding balances
• Conduct thorough account reviews and analyze customer payment histories to identify potential risks and opportunities
• Initiate and maintain regular contact with customers via phone, email, and written correspondence to resolve payment issues
• Negotiate payment arrangements and settlement agreements with customers, ensuring compliance with company policies and legal regulations
• Process payments accurately and efficiently, updating account information in real-time
• Collaborate with internal departments, including Sales, Customer Service, and Legal, to address complex account issues and disputes
• Maintain detailed records of all collection activities, including customer interactions, payment arrangements, and account status updates
• Generate and analyze reports on collection performance, identifying trends and areas for improvement
• Stay up-to-date with relevant laws, regulations, and industry best practices in collections and credit management
• Assist in the development and implementation of new collection strategies and process improvements
• Participate in training sessions and share knowledge with team members to enhance overall department performance

Qualifications

Required:

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field
• Minimum of 3 years of experience in collections, accounts receivable, or a similar role within the legal or insurance industries
• Proficiency in collections software, billing systems, and payment processing platforms
• Strong understanding of collections laws, regulations, and industry best practices
• Excellent verbal and written communication skills, with the ability to interact professionally with customers and internal stakeholders
• Demonstrated ability to negotiate effectively and resolve conflicts
• Strong analytical and problem-solving skills
• Proficiency in Microsoft Office Suite, particularly Excel for data analysis and reporting
• Ability to work independently and as part of a team in a fast-paced environment
• High level of attention to detail and accuracy in data entry and financial transactions

Preferred:

• Professional certification such as Certified Commercial Collector (CCC) or Credit Business Associate (CBA)
• Experience with enterprise resource planning (ERP) systems
• Knowledge of legal billing and collection practices

Key Competencies

• Customer Focus: Ability to maintain a professional and courteous demeanor while dealing with challenging customer situations
• Communication: Excellent verbal and written communication skills, with the ability to adapt communication style to different audiences
• Negotiation: Strong negotiation skills to reach mut