Collections Specialist

Job Description

Job Description

Title: Collections Specialist

Location: Buffalo Grove, Illinois

Assignment Type: 6 month contract with the possibility of extensions

Compensation: $24.00 - $26.00 / Hourly depending on experience

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

Are you looking for an opportunity to work with a reputable company and well-established work environment? Our client is looking for a Collections Specialist to join their team. Please contact us today to discuss this role!

Job Responsibilities:

• Manage a portfolio of customer accounts to ensure timely collection of outstanding balances
• Contact customers via phone and email to resolve past-due invoices and secure payments
• Research and resolve billing discrepancies and payment issues
• Reconcile customer accounts and maintain accurate records of collection activities
• Collaborate with internal teams (billing, sales, customer service) to resolve account issues
• Prepare and distribute aging reports and provide updates on collection status
• Negotiate payment plans when necessary while maintaining positive customer relationships
• Apply cash receipts and assist with account adjustments, credits, and write-offs
• Support month-end closing by providing reports and account reconciliations
• Ensure compliance with company policies and collection procedures

Requirements:

• Associate’s/Bachelor’s Degree in Finance, Accounting, or related field preferred
• 2 – 4 years of collections, accounts receivable, or general accounting experience
• Strong communication and negotiation skills
• Proficiency with accounting software and Microsoft Excel
• High attention to detail and strong problem-solving abilities
• Ability to work independently and manage multiple accounts

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.