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TRC Companies
Windsor, CT | Full Time
$46k-58k (estimate)
1 Week Ago
Collections Analyst
TRC Companies Windsor, CT
$46k-58k (estimate)
Full Time | Retail 1 Week Ago
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TRC Companies is Hiring a Collections Analyst Near Windsor, CT

About Us

Groundbreaker. Game changer. Pioneer.

TRC has long set the bar for clients who require more than just engineering, combining science with the latest technology to devise innovative solutions that stand the test of time. From pipelines to power plants, roadways to reservoirs, schoolyards to security solutions, clients look to TRC for breakthrough thinking backed by the innovative follow-through of an industry leader.

TRC's professionals work with a broad range of commercial, industrial and government clients and the communities they serve. We deliver breakthrough solutions that address local needs -- so our clients can better succeed in an ever-changing world.

Working at TRC means tackling interesting, meaningful projects. We pride ourselves on our collaborative spirit, entrepreneurial zeal and agile corporate structure. We recognize that the expertise of our staff is our strongest asset, so we generously reward employees for successful performance and invest in their careers through training and the development of new skills and certifications.

Overview

Company Overview: TRC Companies, Inc. a pioneer in ground-breaking scientific and engineering developments since the 1960s, is an engineering consulting firm that provides integrated services to the energy, environmental and infrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation.

Position Overview: We are seeking a diligent and detail-oriented individual to join our team as a Collections Analyst. The Collections Analyst will be responsible for managing the collection process, including contacting clients with overdue accounts, minimizing bad debt losses, coordinating with internal stakeholders about outstanding accounts, and maintain accurate records of all collection efforts. The ideal candidate will have excellent communication skills and the ability to work effectively in a fast-paced environment.

Responsibilities

Collections Management

    • Proactively contact clients with overdue accounts through phone calls, emails, and letters in accordance with the Company's collection policy.
    • Negotiate payment arrangements and settlements with clients to resolve outstanding balances, when required.
    • Monitor accounts receivable aging reports and prioritize collection efforts based on account status and potential cash flow impact.
    • Investigate and resolve discrepancies in payments, billing, and account balances.

Reporting and Analysis:

    • Generate regular reports on collections performance, including aging analysis, collection trends, and bad debt reserves.
    • Identify opportunities for process improvements and efficiency gains in the collections process.
    • Review collections results versus annual KPIs set by management

Client Relationship Management:

    • Maintain positive relationships with clients while enforcing collection policies.
    • Address client inquiries and concerns regarding billing, payments, and account issues.
    • Collaborate with other departments, such as finance and legal, to resolve complex issues and escalate cases when necessary.

Coordination with Internal Stakeholders:

    • Participate in weekly DSO calls with management to partner on how to address outstanding balances.
    • Clearly communicate with internal stakeholders on the status of collection accounts
    • Develop relationship with internal stakeholders to drive a positive partnership when addressing issues with their client
Qualifications
  • High school diploma or equivalent; associate's or bachelor's degree preferred.
  • Previous experience in debt collection or a related field preferred.
  • Strong negotiation and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Ability to work independently and as part of a team.
  • Proficiency in Microsoft Office and other relevant software applications.

#LN-SN1

EEO Statement

TRC is an equal opportunity employer: disability/veteran. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled

Job Summary

JOB TYPE

Full Time

INDUSTRY

Retail

SALARY

$46k-58k (estimate)

POST DATE

05/08/2024

EXPIRATION DATE

07/07/2024

WEBSITE

trccompanies.com

HEADQUARTERS

MORGANTON, GA

SIZE

15,000 - 50,000

FOUNDED

1969

TYPE

Private

CEO

ROBIN COOK

REVENUE

$500M - $1B

INDUSTRY

Retail

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The job skills required for Collections Analyst include Billing, Accounts Receivable, Problem Solving, Microsoft Office, Communication Skills, Analysis, etc. Having related job skills and expertise will give you an advantage when applying to be a Collections Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Collections Analyst. 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 Collections Analyst positions, which can be used as a reference in future career path planning. As a Collections Analyst, it can be promoted into senior positions as a Collections Supervisor that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Collections Analyst. You can explore the career advancement for a Collections Analyst below and select your interested title to get hiring information.

If you are interested in becoming a Collections Analyst, 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 Analyst for your reference.

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

Quotes from people on Collections Analyst job description and responsibilities

Represent and lead the collections' team during executive management weekly conference calls providing updates on the delinquent A/R reports.

04/05/2022: Riverside, CA

Assist in reducing the DSO down and limit bad debt expense while focusing on building revenue.

03/11/2022: Helena, MT

Work remittance advice from Medicaid and Medicare ensuring accuracy of payments, correcting account billing according with Medicaid or Medicare disposition.

04/10/2022: Pine Bluff, AR

Maintain active communication with supervisor and co-workers to develop a cohesive and supportive unit.

03/15/2022: Portsmouth, NH

Provide accurate information, supporting documentation, and effective communication to complete recovery process.

05/03/2022: Jackson, MS

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 Analyst jobs

Interpret all complex terms for collection process and affiliate agreement terms and maintain relationships with all internal and external customers.

02/25/2022: Syracuse, NY

Assist manager to provide resolution for all collection and manage large amount of data for invoices and maintain knowledge on all variances to ensure prevention in reoccurrence.

04/01/2022: Utica, NY

Analyze collection processes to recommend improvements.

02/23/2022: Los Angeles, CA

Contact customers to collect payments on delinquent accounts.

04/09/2022: Mobile, AL

Confer with credit association and other business representatives to exchange credit information.

04/09/2022: Baton Rouge, LA

Step 3: View the best colleges and universities for Collections Analyst.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College
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