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Collections Specialist

  • Chicago, IL
  • $55,000 — $60,000
  • Chicago, IL 60654, USA

Collections Specialist

Base Salary: $55,000–$60,000 + Monthly Bonuses + Uncapped Commission
Hybrid – Chicago, IL

A growing financial services organization is seeking a motivated Collections Specialist to support both third-party and in-house recovery efforts.

Role Overview

As a Collections Specialist, you will split your time between managing relationships with third-party collection partners (60%) and supporting internal collections activities (40%). This role requires analytical thinking, strong communication skills, and the ability to drive positive results across a diverse portfolio.

Key Responsibilities

Third-Party Partnerships (60%)

  • Serve as the main liaison with external collection agencies.

  • Conduct monthly performance and strategy meetings.

  • Provide regular reporting and account-health analysis to leadership.

  • Monitor progress and ensure timely movement on delinquent accounts.

In-House Collections (40%)

  • Support inbound/outbound calls, negotiations, and settlements.

  • Develop reconciliation plans and review daily NSF return-payment lists.

  • Perform skip tracing and assist with process improvements.

Qualifications

  • 3–5 years of collections experience, including third-party exposure.

  • Strong analytical and problem-solving abilities.

  • Excellent communication skills; able to articulate clearly and professionally.

  • Bilingual fluency in Spanish highly desired.

Why You’ll Love It Here

  • Expanding company with genuine room for advancement.

  • Competitive compensation with lucrative monthly bonus opportunities—senior team members have averaged $20,000 in annual bonuses.

  • Medical (BCBS), dental, vision (MetLife), unlimited PTO, and 401(k) with match after 60 days.

  • Hybrid schedule, small and collaborative team, and an upbeat, supportive environment.

  • Your ideas count – easy to influence change and improve processes.

If you are a driven Collections Specialist who thrives in a growth-focused, team-oriented setting, this Collections Specialist opportunity offers the perfect blend of challenge, flexibility, and earning potential.

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