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Aquarion Water Company
Monroe, CT | Full Time
$57k-74k (estimate)
2 Weeks Ago
Collection specialist
$57k-74k (estimate)
Full Time | Professional Associations 2 Weeks Ago
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Aquarion Water Company is Hiring a Collection specialist Near Monroe, CT

Aquarion Water Company is the public water supply company for more than 750,000 people in 72 cities and towns throughout Connecticut, as well as serving customers in Massachusetts and New Hampshire.

It is the largest investor-owned water utility in New England and among the seven largest in the U.S. Based in Bridgeport, CT, it has been in the public water supply business since 1857.

Across its operations, Aquarion strives to act as a responsible steward of the environment and to assist the communities it serves in promoting sustainable practices.

Job Summary

The Collections Reporting Specialist reports directly to the Director, Customer Services and is responsible for collecting, analyzing, and interpreting data and creating reports related to all Collection activities, including accounts receivable, collection field activity, allowance for doubtful accounts, regulatory compliance and financial performance.

Incumbent must ensure strict adherence to the Public Utility Regulatory Authority (PURA) regulations and their counterparts in all three states in which we do business.

Successful candidate will possess strong analytical skills, proficiency in data management tools, and ability to manage and interpret data.

Principal Responsibilities

Gather, interpret data and report trends to management on the above measures to facilitate proper understanding of marketplace and economic activity;

prepare reports as necessary.

  • Prepare and analyze collection and cash receivables data relative to past and budgeted trends.
  • Prepare budgets and forecast information.
  • Create information dashboards to present key performance indicators and trends in collection processes.
  • Work with IT and 3 party providers to implement data qualify measures to ensure accuracy and reliability of reports.
  • Analyze reserve for doubtful accounts and accounts receivable aging for both water and jobbing accounts to measure the efficiency of the Company’s collection efforts and advise management on collection strategy.
  • Understand all aspects of the Customer Service Information Systems including control tables. Monitor overall compliance with PURA regulations and their counterparts in all states serviced by Aquarion Water Company through accurate and timely collection activities.

Ensure consistency of all collection cycles and compliance with state regulations.

  • Monitor timely and accurate collection activity of all 240,000 residential, industrial and commercial customers.
  • Act as liaison between Accounting, Rates & Regulations, Billing, Field Service and Customer Service for collection and validation of information.
  • Create, produce and maintain system reports; write / update queries for execution in SAP and Bobj systems.
  • Analyze and ensure accuracy of collections processes in SAP. Work with IT on testing collection processes related to system changes and upgrades.
  • Act as liaison to Accounting and Rates & Regulations on all collections system related projects.

Preferred Requirements

Excellent communications, customer-service, troubleshooting, problem-solving, analytical, organizational and communication skills are required.

Must be able to manage multiple tasks simultaneously, prioritize, and meet commitments. Strong skills in Microsoft platform (Word and Excel).

SAP experience is desirable. Strong understanding of the collection system's impact on the general ledger system, familiarity with collection practices.

Understanding of the regulations of the CT DPUC and MA’s and NH’s economic regulatory counterparts.

Education / Certifications

Bachelor’s Degree in Accounting or Finance, or related field.

Salary

After 3 months of successful employment, this role will be eligible for a hybrid schedule (3 days office / 2 days remote).

Job is classified as an exempt position with an annual salary range of $72,640 - $90,800.

Aquarion Water Company is an equal opportunity employer, and we prohibit discrimination based on age, color, disability, marital or parental status, national origin, race, religion, sex, sexual orientation, gender identity, military or veteran status, or any other legally protected status in accordance with applicable federal, state and local laws.

Last updated : 2024-04-30

Job Summary

JOB TYPE

Full Time

INDUSTRY

Professional Associations

SALARY

$57k-74k (estimate)

POST DATE

05/01/2024

EXPIRATION DATE

05/09/2024

WEBSITE

aquarionwater.com

HEADQUARTERS

HULL, MA

SIZE

200 - 500

FOUNDED

1857

CEO

PETE NYBERG

REVENUE

$10M - $50M

INDUSTRY

Professional Associations

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About Aquarion Water Company

Aquarion Water Company is the public water supply company for more than 625,000 people in 51 cities and towns throughout Connecticut, as well as serving customers in Massachusetts and New Hampshire. Aquarion Water Company is a wholly-owned subsidiary of Eversource. Based in Bridgeport, Connecticut, it has been in the public water supply business since 1857. Across its operations, Aquarion strives to act as a responsible steward of the environment and to assist the communities it serves in promoting sustainable practices. For more information on Aquarion Water Company and its subsidiaries, plea...se visit www.aquarionwater.com or www.facebook.com/aquarionwater. More
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The job skills required for Collection specialist include Customer Service, Accounts Receivable, Problem Solving, Accounting, Communication Skills, etc. Having related job skills and expertise will give you an advantage when applying to be a Collection specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Collection specialist. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Collection specialist positions, which can be used as a reference in future career path planning. As a Collection specialist, it can be promoted into senior positions as a Collections Representative III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Collection specialist. You can explore the career advancement for a Collection specialist below and select your interested title to get hiring information.

If you are interested in becoming a Collection Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Collection Specialist for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Collection Specialist job description and responsibilities

Specialists must first locate debtors and then attempt to collect payment by negotiating debt settlements.

01/29/2022: Springfield, IL

Collections Specialists are generally responsible for managing and collection all the outstanding accounts receivables form clients and customers.

03/15/2022: Ventura, CA

Collection Specialists keep track of accounts receivable.

03/22/2022: Lorain, OH

Specialists are responsible for establishing and maintaining various documents, reports and following regulation forms.

02/02/2022: Monroe, LA

Analyzed credit service bureau data as needed and recommended changes required to credit limit or collection actions.

03/28/2022: Lawrence, MA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Collection Specialist jobs

Collections specialists must be able to approach each conversation as a fresh start without carrying over any emotions from previous calls.

04/11/2022: Allentown, PA

Collections specialists are often entry-level professionals with minimal experience and education.

02/28/2022: Lexington, KY

If you want to take this path, you must have the ability to provide exemplary customer service, type and talk at the same time, be reliable, hardworking and willing to learn.

02/09/2022: Concord, NH

Collections specialists are often entry-level professionals with minimal experience and education.

02/07/2022: Waco, TX

A collection specialist should also understand how to overcome objections owing to the nature of the job.

01/27/2022: Bridgeport, CT

Step 3: View the best colleges and universities for Collection Specialist.

Florida Southern College
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