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Credit & Collections Specialist - job 2 of 2

Position Overview:

We are seeking a detail-oriented and results-driven Credit & Collections Specialist to join our team. The ideal candidate will have a minimum of 2 years of experience in collections or accounts receivable, demonstrating strong analytical skills and a customer-focused approach to managing outstanding accounts. This role is critical in maintaining healthy cash flow and fostering strong customer relationships.

Responsibilities:

Collections Management: Proactively manage and collect outstanding payments from customers within agreed terms to reduce overdue balances.
Customer Account Analysis: Monitor and review customer accounts to identify overdue invoices and discrepancies, ensuring timely resolution.
Credit Assessment: Evaluate and analyze customer creditworthiness by reviewing financial statements, payment history, and credit reports.
Communication: Collaborate with customers via phone, email, and written communication to resolve payment issues while maintaining professional and positive relationships.
Dispute Resolution: Investigate and resolve payment disputes or discrepancies in coordination with internal teams (sales, customer service, etc.).
Documentation and Reporting: Maintain accurate records of all collection activities and provide regular reports on aged receivables, collection progress, and risks.
Compliance: Ensure all activities align with company policies, procedures, and relevant regulatory standards.

$45,000 - $53,000 a year

Latitude Inc Glassdoor Company Review

4.3

Latitude Inc DE&I Review

No rating

CEO of Latitude Inc

Dean Robbins

Approve of CEO

Average salary estimate

$49000 / YEARLY (est.)

min

max

$45000K

$53000K

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What You Should Know About Credit & Collections Specialist, Latitude Inc

Are you passionate about finance and have a knack for problem-solving? If so, we're excited to introduce the Credit & Collections Specialist position at our vibrant company located in Annapolis Junction, MD! We need an organized, detail-oriented individual who thrives on fostering strong customer relationships while ensuring our cash flow remains robust. As a Credit & Collections Specialist, you will dive into managing outstanding payments, employing your analytical skills to assess customer accounts, and resolving any discrepancies that arise. Your excellent communication abilities will shine as you liaise with customers through calls and emails, helping to address any payment issues and maintain a professional rapport. Your expertise will be pivotal in evaluating creditworthiness and collaborating with various internal teams to ensure all disputes are resolved smoothly. Plus, you'll play a key role in documenting all collection activities and providing insightful reports on our receivable status. Our ideal candidate has at least 2 years of experience in collections or accounts receivable and is excited to contribute to a positive team environment. With a competitive salary range of $45,000 to $53,000 annually, this is a fantastic opportunity to grow your career in a supportive and innovative workplace. If you’re ready to make an impact and thrive in the finance sector, we’d love to meet you!

Frequently Asked Questions (FAQs) for Credit & Collections Specialist Role at Latitude Inc

What are the primary responsibilities of a Credit & Collections Specialist at our company?

As a Credit & Collections Specialist, your main responsibilities will include managing and collecting outstanding payments, analyzing customer accounts for overdue invoices, assessing creditworthiness, and resolving disputes. You'll also maintain accurate documentation of collection activities and ensure compliance with company policies.