13 Collections Specialist Jobs in Nashville, TN
Philips is Hiring a Collections Specialist Near Nashville, TN
Collections Specialist
Job Description
Job Summary:
As a Collections Specialist you will be responsible for cash collections with a defined group of major /key customer accounts, at Philips' Healthcare North American by maintaining excellent relationships with our customers, internal finance leadership, and cross-functional business partners.
Your role:
- Manage an active customer base of key accounts averaging $6 - $20 million dollars dependent on portfolio mix.
- Contact clients with past due balances in the portfolio to obtain payment, payment commitment, and follow up on payment promises.
- Meets or exceeds targeted cash collections metrics, reducing past due, bad debt exposure, and other quantitative targets.
- Accountable for reporting any disputed/ short paid invoices, identifying root cause, and collaborating with the internal department to expedite resolution/payment.
- Escalate major collection issues with Management that may require special attention/ support.
- Assist the cash applications department with resolving payment application discrepancies ensuring adjustments are completed in a timely fashion.
- Support and develop accounts receivable lean process improvements.
- Prepare proposals for agency placement and write off to bad debt.
- 2 years of experience in with collections background in business to business (B2B) collections with a customer service/retention mindset.
- Have an academic background in finance, commerce, business administration or similar education and relevant experience
- SAP, Oracle or similar ERP accounting application experience preferred.
- Knowledge or experience working with Excel specifically (Vlook up and pivot tables)
- Understanding of PCI (payment card industry) Sox compliance (internal control standards) in a collections environment preferred.
- Experience within the healthcare or medical manufacturing industry is beneficial.
We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.
•Learn more about our business.
•Discover our rich and exciting history.
•Learn more about our purpose.
If you're interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.
This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates. Interested candidates are encouraged to apply as soon as possible to ensure consideration.
Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.
Job Summary
Full Time
$35k-44k (estimate)
04/27/2024
05/16/2024
SAM SEN NOK, CENTRAL
100 - 200
2015
VIROJ VITHAYAVEROJ
$50M - $200M
Wholesale
Related Companies
The following is the career advancement route for Collections Specialist positions, which can be used as a reference in future career path planning. As a Collections 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 Collections Specialist. You can explore the career advancement for a Collections Specialist below and select your interested title to get hiring information.
If you are interested in becoming a Collections 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 Collections Specialist for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Collections Specialist job description and responsibilities
Collections Specialists are generally responsible for managing and collection all the outstanding accounts receivables form clients and customers.
02/26/2022: New York, NY
Collections specialists are responsible for managing overdue accounts for an organization.
12/16/2021: Port Arthur, TX
They prepare official receipts and coordinate with account payable specialists from other companies with pending payables.
01/03/2022: Omaha, NE
remind the clients for the overdue payment
01/05/2022: Fayetteville, NC
Contact clients for overdue outstanding payment
02/28/2022: Saginaw, MI
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 Collections Specialist jobs
Build an optimized Collections Specialist resume quickly and easily using administrative skills.
02/02/2022: Omaha, NE
Collections specialists must be able to approach each conversation as a fresh start without carrying over any emotions from previous calls.
02/04/2022: Idaho Falls, ID
These more advanced collection specialists must know, understand, and follow federal guidelines for these actions.
02/03/2022: Elkhart, IN
Learn excellent knowledge of billing procedure
03/03/2022: Utica, NY
Relevant work experience as a Collections Specialist are prefered
03/03/2022: Charleston, SC
Step 3: View the best colleges and universities for Collections Specialist.
