What are the responsibilities and job description for the Collections Analyst position at INSPYR Solutions?
INSPYR Solutions has partnered with a growing company in Northwest Houston and is seeking a Collections Analyst to join their team. The Collections Analyst will be responsible for managing, analyzing, and optimizing an organization’s accounts receivable portfolio. This role involves monitoring outstanding balances, assessing credit risk, evaluating customer payment behavior, and developing strategies to reduce delinquency and improve cash flow. The Collections Analyst works closely with finance, sales, and customer service teams to ensure timely payments and maintain healthy client relationships. Additional duties will consist of the following:
- Monitor and manage outstanding receivables to ensure timely collection of payments.
- Conduct detailed reviews of past-due accounts and contact customers regarding delinquent balances.
- Investigate disputed charges and collaborate with internal teams to resolve billing issues.
- Analyze customer payment trends, aging reports, and credit risk indicators.
- Prepare weekly, monthly, and quarterly reports on receivables performance and collection status.
- Identify high-risk accounts and recommend mitigation strategies.
- Evaluate current collection processes and suggest improvements to drive efficiency.
- Develop and implement collection strategies to reduce bad debt and DSO (Days Sales Outstanding).
- Assist in automating workflow tools and enhancing reporting dashboards.
- Collaborate with account managers, sales, and finance teams to address customer concerns.
- Provide clear communication to customers regarding payment expectations and account status.
- Maintain detailed documentation of collection activities and correspondence.
- Ensure collection practices comply with financial policies, company guidelines, and regulatory requirements.
- Support internal and external audit requests related to receivables and credit management.
The ideal candidate will have a Bachelor’s degree in Finance, Accounting, Business, or related field and 1–3 years of experience in collections, accounts receivable, credit analysis, or financial operations. If you are interested in learning more, please send a resume to eramos@bgsf.com.
