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CB
Columbia Banking System
Collections Specialist
Career Insights for Collections Analyst
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Based on Washington data
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What they do
A Collections Analyst communicates with clients to provide support and follows up on outstanding payments. Prepares and reviews reports about collection accounts and monitors collection of over-due accounts. May also analyze credit risk and recommend credit extension.
$51,716 / year median in Washington
-2% projected decline
Job Description
Collections Specialist 3.2 3.2 out of 5 stars 3455 South 344th Way, Federal Way, WA 98001 $18
- $22 an hour
- Full-time Columbia Banking System 495 reviews $18
- $22 an hour
- Full-time Established in 1975, Financial Pacific Leasing, Inc.
Role:
Collections Agents are first-party collectors responsible for maintaining acceptable effective collection percentages on 1-30 day delinquent accounts. Effectively communicating with both internal and external customers to resolve delinquent contracts. Utilizing all internal and external resources available to establish contact, identify appropriate courses of resolution to protect the Company's interest and to execute the resolution plan in a timely manner. Communicates with customers that are in a 1-30-day delinquent status via telephone, mail, email, text, or personal contact. Negotiates payment arrangements with the customers to ensure timely payment. Maintain individual and group monthly delinquency goals. Ensure that individual call volume meet company standards for their prospective areas and calls are made in a professional manner. Assessing miscellaneous collection fees including late charges, over-the-phone payment fees, contract addendum fees, documentation fees and interim payments. Maintains complete and accurate documentation to include thorough notation of all communications with the customer or authorized parties. Understands the proper usage of extension, rewrites, addendums, and forbearances. Prepares status worksheets, payoffs, and amortization schedules and requests for Fair Market Values. Prepares Repossession Packets and demand letters when necessary. Understands and utilizes company system and use of the phone dialer. Works with customers' and Financial Pacific Leasing insurance company to ensure proper insurance coverage is obtained. Utilizes the broker base and in-house broker representatives to resolve first payment default delinquencies. Provides highest level of customer service to all lessees, vendors, brokers and staff. Performs all other duties as assigned by management.About You:
High School Diploma or GED required Previous Collection experience preferred Must present oneself in a professional manner Must be proactive and adhere to all company policies including Bank Secrecy Act and compliance regulations Must maintain confidentiality of all company information Must provide exceptional customer service and support to our customers, partners, and all levels of staff Must have working knowledge of Microsoft applications (Outlook, Word, Excel) Strong data entry skills The pay range for this role is $18.00- $22.
Primary Location:
Ability to work fully onsite at posted location(s). 3455 South 344th Way Suite 300 Federal WayWA 98001
Our Benefits:
We are proud to offer a competitive total rewards package including base wages and comprehensive benefits. We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k- retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays.