Collections Specialist

Collections SpecialistLocation: Schaumburg, IL (On-Site)Assignment Type: 3-month contract with potential for contract-to-hireCompensation: $28.00 - $32.00 / Per Hour depending on relevant experienceBenefits: 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. Please contact us today to discuss this role!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 StatisticsBenefits & Bonuses: You are eligible for medical, dental, vision insurance benefits, 401K, and monetary bonusesConnections: You connect directly with hiring managers from renowned organizationsOptions: You are presented multiple employment options near your homeProfessional Development: You are provided hiring process advice, resume revision, and employment term negotiationAddison 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.