Collections Specialist

Gosnaphop; Addison (IL); On-site; USD 39,000 - 44,000; Full time

Benefits offered by this job

Medical, dental, vision

401(k)

Bonuses

Job summary

Addison Group is seeking a Collections Specialist to join their team in Schaumburg, IL. This on-site, 3-month contract offers exposure to accounts receivable, overdue collections, and collaboration with sales, billing, and customer service.

The ideal candidate will have an associate or bachelor’s in accounting/finance, 2+ years in collections, and strong Excel skills (PivotTables, VLOOKUP, SUMIFS). Excellent communication and multitasking in a fast-paced setting are essential.

Qualifications

• Associate’s or Bachelor’s degree in Accounting, Finance, or related field preferred.
• Proficiency in Microsoft Excel (Pivot Tables, VLOOKUPs, SUM-IFS).
• 2+ years of experience in collections/accounts receivable.
• Excellent communication, negotiation, and problem-solving skills.

Responsibilities

• Monitor accounts receivable to identify overdue accounts and follow up with customers regarding payment status.
• Contact customers via phone, email, or written correspondence to collect outstanding balances.
• Investigate and resolve payment discrepancies, short payments, and disputes in a timely manner.
• Collaborate with sales, billing, and customer service teams to address issues impacting collections.
• Maintain accurate records of all collection activities and customer communications.
• Prepare and analyze aging reports to track collection efforts and trends.
• Recommend accounts for escalation, legal action, or write-off as appropriate.
• Ensure compliance with company policies and applicable laws governing debt collection.
• Assist in developing and implementing strategies to improve cash flow and reduce bad debt.

Skills

Communication

Negotiation

Problem-solving

Independent work

Prioritization

Education

Associate/Bachelor in Accounting/Finance

Tools

Excel

Job description

Title: Collections Specialist

Location: Schaumburg, IL (On-Site)

Assignment Type: 3- month contract with potential for contract-to-hire

Compensation: $28.00 - $32.00 / Per Hour depending on relevant experience

Benefits: This position is eligible for medical, dental, vision, and 401(k).

***Must be located in the Chicagoland area!! This is an on-site position.

Are you looking for an opportunity to work with a reputable company and well-established work environment? Our client is looking for a Collections Analyst to join their team.

Job Responsibilities:

• Monitor accounts receivable to identify overdue accounts and follow up with customers regarding payment status.
• Contact customers via phone, email, or written correspondence to collect outstanding balances.
• Investigate and resolve payment discrepancies, short payments, and disputes in a timely manner.
• Collaborate with sales, billing, and customer service teams to address issues impacting collections.
• Maintain accurate records of all collection activities and customer communications.
• Prepare and analyze aging reports to track collection efforts and trends.
• Recommend accounts for escalation, legal action, or write-off as appropriate.
• Ensure compliance with company policies and applicable laws governing debt collection.
• Assist in developing and implementing strategies to improve cash flow and reduce bad debt.

Requirements:

• Associate’s or Bachelor’s degree in Accounting, Finance, or related field preferred.
• Proficiency in Microsoft Excel (Pivot Tables, VLOOKUP's, SUM-IFS)
• 2+ years of experience in collections/accounts receivable,
• Excellent communication, negotiation, and problem-solving skills.
• Ability to work independently and manage multiple priorities in a fast-paced environment.

Why choose Addison Finance and Accounting?

• Pay: We negotiate high salaries using U.S. Bureau of Labor Statistics
• Benefits & Bonuses: You are eligible for medical, dental, vision insurance benefits, 401K, and monetary bonuses
• Connections: You connect directly with hiring managers from renowned organizations
• Options: You are presented multiple employment options near your home
• Professional Development: You are provided hiring process advice, resume revision, and employment term negotiation

Addison Group is an Equal Opportunity Employer.

Addison Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws.

Addison Group complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities.

Reasonable accommodation is available for qualified individuals with disabilities, upon request.

IND 002-004