Collections Analyst

Georgia Department of Revenue; Atlanta (GA); On-site; USD 50,000 - 60,000; Full time

Job summary

Teachers Retirement System of Georgia is seeking a Collections Analyst to manage overpaid benefits from retirement accounts and optimize collection portfolios. You will work under the Operations Manager to verify overpayments, contact parties, and develop action plans.

Candidates should have a bachelor’s degree or equivalent experience, 2–4 years in collections, and strong Word/Excel skills to handle complex accounts and negotiations with diligence and professionalism.

Qualifications

• Bachelor’s degree from a 4-year college/university and/or five years of financial experience.
• 2–4 years of collections experience with cold calls, negotiating payments and disputes.
• Ability to work independently and use Word and Excel.

Responsibilities

• Review member accounts to verify overpayments and responsible parties.
• Analyze complex overpayment issues and create plans of action.
• Negotiate repayment terms with responsible parties and send agreements.
• Maintain and reconcile the Master collection database monthly.

Skills

Negotiation

Communication

Time management

Education

Bachelor’s degree

5 years financial experience

Tools

Excel

Word

Job description

Explore a World of Opportunity with the State of Georgia!

We are the force that drives Georgia!
Georgia State Government is a large enterprise, composed of various agencies and entities with a common goal to improve the lives of Georgia’s more than 10 million citizens!
Join Team Georgia and impact lives everyday while receiving a robust benefits package designed for every stage of your career!

Job Title:

Collections Analyst

Job Requisition ID:

JR0000001257

Number of Openings:

1

Shift:

Not Applicable (United States of America)

Compensation Details:

$50,000 - $60,000

Job Description:

Under general supervision of the Operations Manager, this position is responsible for collecting and reconciling overpaid benefits on retirement accounts, optimizing the Agency’s collection portfolios.

MINIMUM QUALIFICATIONS & EDUCATION

• Bachelor’s degree from (4) year accredited college/university and/ or five years of experience working within a financial related position or experience working with a defined benefit plan.
• 2-4 years of experience in collections, including a proven track record of cold call collections, negotiating payments, handling disputed charges, and managing complex accounts.
• Ability to work independently to accomplish goals and objectives.
• Intermediate skills using Word and Excel

PREFERRED ADDITIONAL QUALIFICATIONS

• Excellent professional verbal communication skills, with an ability to keep calm under pressure and a diplomatic but firm manner.
• High degree of flexibility with the ability to thrive under pressure and adhere to constant change and challenging deadlines.
• Strong analytical and problem-solving skills.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Review assigned member accounts to determine and verify overpayment amounts, source, and responsible parties.
• Analyze complex overpayment issues, develop solutions, and create plans of action to resolve delinquencies in a timely and effective manner.
• Contact responsible parties for negotiation of repayment terms and send contractual repayment agreements as required.
• Investigate disputes and provide resolution and/or additional information as requested.
• Record all collection calls, status of collection efforts and archive all related documentation to member accounts.
• Send payment acknowledgement letters, outlining payment(s) received, outstanding balances and subsequent due dates.
• Maintain Master collection database, ensuring all data is accurate and payments/balances are up to date; Monitor and manage all database activities and corresponding reports; Reconcile Master collection database by updating financial adjustments on a monthly basis.
• Provide follow-up on reclamation requests to financial institutions and resubmit as required.
• Coordinate with the Accounting Department to ensure cash receipts are accurately posted; Update Accounting reversal report as required; Identify and research any discrepancies.
• Conduct face-to-face consultations, both scheduled and walk-in regarding overpayments.
• Summarize and prepare legal packages for civil litigation and /or criminal prosecution.
• Performs other duties as assigned.

KSA’S (KNOWLEDGE, SKILLS, AND ABILITIES)

• Knowledge of related state and federal laws, regulations, and policies.
• Knowledge and abilities in negotiation, mediation, and conflict resolution methods
• Skill in the operation of a personal computer and other office equipment.
• Skill in organizing and planning work.
• Skill in oral and written communication.
• Ability to make sound decisions, effectively and promptly.
• Ability to multi-task and meet all required deadlines.
• Ability to exercise judgment in interpreting and applying applicable state and federal laws, Board of Trustees policies, guidelines, and office procedures.
• Ability to have good interpersonal skills while interacting with difficult customers.
• Ability to handle difficult and stressful situations with professional composure.
• Ability to build and maintain effective working relationships with all levels of management and staff.
• Skill in the operation of a personal computer and other office equipment.
• Ability to handle difficult and stressful situations with professional composure.

CORE COMPETENCIES

• Teamwork
• Customer Service
• Accountability
• Communication
• Judgment and Decision Making

WORK ENVIRONMENT

The work is typically performed in an office environment.

PHYSICAL DEMANDS OF THE JOB

The physical demand of the work job is sedentary work which involves exerting up to 10 pounds of force occasionally or a negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time but may involve walking or standing for brief periods of time.
While performing the duties of this job, the employee will also regularly be required to talk, hear, and use hands and fingers to operate a computer and telephone keyboard reach, specific vision abilities required by this job include close vision requirements due to computer work.

Note: The specific statements shown in each section of this job description are not intended to be all-inclusive. They represent typical elements and criteria necessary to perform the job successfully. The Teachers Retirement System
of Georgia reserves the right to modify and expand job responsibilities and duties over time.

Minimum Qualifications:

Bachelors Degree in Businesses or related a special emphasis and finance industry

Equal Employment Opportunity Employer

The State of Georgia does not discriminate based on race, color, national origin, sex, religion, age, disability, or other protected categories in employment or the provision of services.
Qualified applicants may request reasonable accommodation when needed during the application and/or screening process by contacting the appropriate agency Human Resources department.