Collections Specialist

3 weeks ago


Boston, United States Latitude, Inc. Full time
Job DescriptionJob Description

As a Collections Specialist, you will be responsible for managing and collecting outstanding accounts receivable from our customers. Your primary goal will be to minimize bad debt and maximize collections, while maintaining a positive customer experience. You will employ effective communication and negotiation skills to resolve payment delinquencies and establish appropriate payment arrangements. Your attention to detail, ability to analyze financial information, and commitment to providing outstanding customer service will contribute to your success in this role.

Responsibilities:

  • Contact customers via phone, email, and other communication channels to collect outstanding payments.
  • Evaluate customer accounts to determine the best approach for collections and develop customized strategies.
  • Identify and resolve discrepancies in payments, invoices, or billing issues.
  • Negotiate payment arrangements and work with customers to establish realistic and achievable payment plans.
  • Maintain accurate and up-to-date records of all collection activities and customer interactions.
  • Research and analyze customer credit history, payment patterns, and financial information to assess credit risk.
  • Collaborate with internal teams, such as sales and customer service, to address customer concerns and resolve payment-related issues.
  • Provide timely and accurate reports on collection activities, delinquency rates, and trends.
  • Stay informed about industry regulations and compliance requirements related to debt collection practices.
  • Maintain a professional and empathetic approach while interacting with customers, ensuring a positive customer experience.

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