What are the responsibilities and job description for the Collections Specialist position at ABM US?
We are seeking a highly valuable Collection Specialist to join our Quote-to-Cash team. The role will play a pivotal role in managing the company’s account receivable portfolio and analyzing collection data to optimize recovery strategies. The position is responsible for assessing delinquent accounts, implementing effective collection procedures, and collaborating with internal teams to mitigate risks and improve cash flow.
Pay: $30-$32.00/hr
The pay listed is the hourly range or the hourly rate for this position. A specific offer will vary based on the applicant’s experience, skills, abilities, geographic location, and alignment with market data.
Benefit Information:
ABM offers a comprehensive benefits package. For information about ABM’s benefits, visit Employee Benefits | Staff & Management
Qualifications:
- Experience with large-scale ERP systems.
- Experience 3-5 years in B2B collection in a large corporate environment.
- Ability to successfully manage a large portfolio of accounts with high volume.
- Demonstrated a sense of urgency in addressing internal and external customer needs.
- Strong analytical skills with proficiency in data analysis and reporting tools.
- Detail-oriented with the ability to multitask and prioritize tasks effectively.
- Proven ability to prioritize tasks and effectively manage time.
- Willingness to embrace new challenges and take on additional responsibilities.
- Preferred experience with financial / SOX requirements.
- Preferred Intermediate Microsoft Office skills (Outlook, Word, & PowerPoint).
- Preferred Advanced Excel skills (v-lookups, sum-ifs, pivot table, etc.).
- Experience with E-commerce invoicing, EDI, portal invoicing, and uploading invoices to client’s web-based portals.
- Preferred experience in Corrigo and Service Now (ticketing system).
Responsibilities:
- Running AR Aging Reports from the financial system.
- Review cash receipts from the bank and portal system for payment inquiries.
- Initiate contact with delinquent customers to secure payment and resolve outstanding balances.
- Negotiate payment arrangements and settlements in accordance with company policies and regulatory guidelines.
- Monitor payment trends and follow up on overdue accounts to minimize losses and maximize recovery.
- Analyze collection data to identify trends, patterns, and areas of improvement.
- Conduct research for issue concerning unapplied cash, overpayment, billing, and account reconciliations.
- Record detailed collection notes and maintain customer contact in our financial tools.
- Communicate effectively with customers to understand their financial situation and provide appropriate solutions.
- Build and maintain positive relationships with clients while adhering to compliance standards and ethical practices.
- Handle inquiries and disputes promptly, ensuring timely resolution and customer satisfaction.
- Continuously review and refine collection processes to enhance efficiency and effectiveness.
- Collaborate with cross-functional teams, including finance, legal, and billing to streamline workflows and improve overall performance.
- Stay updated on industry trends, regulatory changes, and best practices in collection management.
- Other duties as assigned.
Salary : $30 - $32