Collections Specialist

Job Description

Job Description

We are looking for a skilled Collections Specialist to join our team on a contract basis. In this role, you will oversee accounts receivable portfolios, ensure timely recovery of outstanding payments, and evaluate credit risks for both new and existing customers. As part of a dynamic manufacturing environment, you will play a key role in maintaining financial stability while delivering exceptional customer service.

Responsibilities :

• Monitor and manage assigned accounts receivable portfolios to ensure prompt collection of overdue invoices.
• Analyze customer accounts to identify high-risk receivables and address payment discrepancies.
• Reconcile vendor statements and maintain accurate financial records.
• Release system-held customer orders and apply monthly finance charges in alignment with company credit policies.
• Collaborate with sales teams and management to negotiate payment plans and resolve disputes.
• Prepare detailed reports on collection activities, payment trends, and potential write-offs.
• Maintain compliance with credit laws, regulations, and company policies.
• Provide support for audits and assist in various accounting projects.
• Regularly communicate with management about account statuses and collection performance.
• Ensure a clean AR Aging report for assigned accounts through effective tracking and follow-up.
• 3-5 years of recent and relevant experience in collections, with extended experience preferred.
• Bachelor’s or Associate’s degree in Accounting, Finance, or Business Administration is preferred but not required.
• Strong knowledge of credit laws, collection processes, and effective negotiation techniques.
• Exceptional communication skills with the ability to resolve disputes professionally.
• Proficiency in accounting software, and advanced Excel capabilities.
• Excellent organizational skills and attention to detail, with the ability to multitask under pressure.
• Self-motivated and proactive, demonstrating a commitment to continuous improvement.
• Proven ability to work independently while fostering positive relationships within a team environment.