5 Collection Analyst Job Description Templates and Examples | Himalayas

5 Collection Analyst Job Description Templates and Examples

Collection Analysts are responsible for managing and analyzing accounts receivable to ensure timely payment of outstanding invoices. They monitor customer accounts, resolve billing discrepancies, and communicate with clients to collect overdue payments. Junior roles focus on assisting with account reviews and basic collections tasks, while senior analysts and managers oversee larger portfolios, develop collection strategies, and lead teams to optimize cash flow.

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1. Junior Collection Analyst Job Description Template

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

We are looking for a detail-oriented Junior Collection Analyst to join our finance team. In this role, you will play a crucial part in managing accounts receivable and ensuring timely collection of outstanding debts, contributing to the overall financial health of [$COMPANY_NAME]. You will be responsible for supporting senior analysts in monitoring account statuses and developing strategies to enhance collection efforts.

Responsibilities

  • Assist in the management of accounts receivable by tracking outstanding invoices and payments
  • Conduct regular follow-ups with clients to ensure timely payments and address any discrepancies
  • Analyze customer accounts and prepare reports on collection activities and performance
  • Collaborate with the finance team to develop and refine collection strategies that drive efficiency
  • Maintain accurate records of communications and actions taken on client accounts
  • Support senior analysts in resolving complex collection issues

Required and Preferred Qualifications

Required:

  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field
  • 1+ years of experience in a finance or collections role is preferred
  • Strong analytical skills with attention to detail
  • Proficiency in Microsoft Excel and financial software
  • Excellent verbal and written communication skills

Preferred:

  • Familiarity with accounts receivable processes and collection strategies
  • Experience with ERP systems and data analysis tools

Technical Skills and Relevant Technologies

  • Proficient in Microsoft Office Suite, especially Excel for data management
  • Experience with accounting software (e.g., QuickBooks, NetSuite) is a plus
  • Basic understanding of financial principles and practices

Soft Skills and Cultural Fit

  • Strong problem-solving abilities and a proactive approach to tasks
  • Ability to work independently and in a team environment
  • Effective time management skills with the ability to prioritize tasks
  • Positive attitude and willingness to learn and grow in the finance field

Benefits and Perks

We offer a competitive salary and a comprehensive benefits package, including:

  • Health, dental, and vision insurance
  • 401(k) plan with company matching
  • Flexible work hours
  • Professional development opportunities
  • Generous paid time off policy

Equal Opportunity Statement

[$COMPANY_NAME] is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other basis protected by applicable law.

Location

This is a remote position within [$COMPANY_LOCATION].

2. Collection Analyst Job Description Template

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

As a Collection Analyst at [$COMPANY_NAME], you will play a critical role in managing and optimizing the accounts receivable process. You will leverage analytical skills and financial expertise to ensure timely collection of outstanding debts while fostering positive relationships with clients.

Responsibilities

  • Analyze accounts receivable aging reports to identify overdue accounts and prioritize collection efforts
  • Engage with clients to negotiate payment arrangements and resolve disputes while maintaining a professional rapport
  • Develop and implement collection strategies to improve cash flow and reduce delinquency rates
  • Collaborate with internal teams to address customer issues and ensure timely resolution
  • Maintain accurate records of collection activities and prepare regular reports for management
  • Monitor and analyze collection metrics to identify trends and recommend process improvements

Required and Preferred Qualifications

Required:

  • Bachelor's degree in Finance, Accounting, or a related field
  • 2+ years of experience in collections, accounts receivable, or credit analysis
  • Strong analytical skills with the ability to interpret financial data
  • Excellent communication and negotiation skills
  • Proficiency in Microsoft Excel and experience with accounting software

Preferred:

  • Experience in a fast-paced environment, preferably in a corporate finance setting
  • Familiarity with financial regulations and compliance standards
  • Certification in credit management (e.g., CICP or similar) is a plus

Technical Skills and Relevant Technologies

  • Proficiency in accounts receivable management software
  • Experience with ERP systems, such as SAP or Oracle
  • Knowledge of data analysis tools to track collection performance

Soft Skills and Cultural Fit

  • Detail-oriented with a strong focus on accuracy and compliance
  • Proactive problem-solver who can work independently and as part of a team
  • Ability to handle sensitive information with discretion and confidentiality
  • Adaptable to changing priorities and a dynamic work environment

Benefits and Perks

We offer a competitive salary and a comprehensive benefits package that includes:

  • Health, dental, and vision insurance
  • Retirement savings plan with company match
  • Generous paid time off and flexible work arrangements
  • Professional development opportunities

Equal Opportunity Statement

[$COMPANY_NAME] is committed to diversity and inclusion in the workplace. We encourage all qualified candidates to apply, regardless of race, color, religion, gender, sexual orientation, age, disability, or any other status protected by law. We welcome applicants from all backgrounds and experiences.

Location

This is a remote position within [$COMPANY_LOCATION].

We encourage applicants from diverse backgrounds to apply, even if they do not meet all the specific requirements.

3. Senior Collection Analyst Job Description Template

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

We are seeking a highly skilled Senior Collection Analyst to join our finance team at [$COMPANY_NAME]. In this pivotal role, you will leverage your expertise in accounts receivable management to optimize collections processes, reduce outstanding debt, and enhance cash flow. You will be responsible for developing strategies to manage high-value accounts effectively while collaborating cross-functionally to ensure alignment with our overall financial objectives.

Responsibilities

  • Develop and implement collection strategies to manage high-value accounts and reduce days sales outstanding (DSO)
  • Analyze accounts receivable aging reports to identify delinquent accounts and prioritize collection efforts
  • Build and maintain strong relationships with clients to facilitate timely payments and resolve disputes
  • Coordinate with cross-functional teams to ensure seamless communication and resolution of account issues
  • Prepare and present regular reports on collection metrics and account status to senior management
  • Utilize data analytics to identify trends and develop predictive models for cash flow forecasting

Required and Preferred Qualifications

Required:

  • 5+ years of experience in collections or accounts receivable management within a corporate finance environment
  • Strong understanding of financial principles and accounting practices related to collections
  • Proficiency in financial software and Microsoft Excel, including advanced functions
  • Exceptional analytical and problem-solving skills with a keen attention to detail

Preferred:

  • Experience in a leadership role, mentoring junior analysts and leading process improvement initiatives
  • Familiarity with ERP systems such as SAP, Oracle, or similar
  • Professional certification in credit and collections (e.g., CCE, CICP) is a plus

Technical Skills and Relevant Technologies

  • Deep knowledge of accounts receivable processes and collection best practices
  • Experience with customer relationship management (CRM) software and collection management tools
  • Ability to leverage data analytics tools to drive decision-making and process improvements

Soft Skills and Cultural Fit

  • Strong negotiation and communication skills, with the ability to engage effectively with clients
  • Proactive and results-oriented mindset, with a focus on achieving targets and driving improvements
  • Ability to work independently in a remote setting while maintaining strong collaboration with team members
  • Adaptability to changing priorities and a dynamic environment

Benefits and Perks

Annual salary range: [$SALARY_RANGE]

In addition to competitive compensation, we offer:

  • Comprehensive health, dental, and vision insurance
  • 401(k) plan with company matching
  • Generous paid time off and holiday schedule
  • Opportunities for professional development and continuing education
  • Flexible work arrangements and remote work options

Equal Opportunity Statement

[$COMPANY_NAME] is dedicated to creating a diverse and inclusive workplace. We are an Equal Opportunity Employer and welcome applicants from all backgrounds to apply. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.

Location

This is a remote position within [$COMPANY_LOCATION].

We encourage applicants who meet some, but not all, of the qualifications to apply. Your unique experiences may make you a great fit for our team!

4. Collections Specialist Job Description Template

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

We are seeking a meticulous Collections Specialist to join our finance team. In this role, you will be instrumental in managing the accounts receivable process, ensuring timely collection of outstanding debts, and maintaining robust relationships with clients to facilitate prompt payments. Your expertise in credit policy and dispute resolution will directly impact our financial health and customer satisfaction.

Responsibilities

  • Manage and monitor accounts receivable to ensure timely collections and minimize delinquency rates.
  • Conduct regular follow-ups with clients regarding overdue accounts through phone calls, emails, and written correspondence.
  • Review and analyze customer accounts to identify payment trends and implement collection strategies accordingly.
  • Collaborate with internal teams to resolve billing discrepancies and disputes, ensuring a seamless customer experience.
  • Prepare and maintain accurate records of all collection activities and client interactions.
  • Generate reports on account status and collection performance metrics to inform management decisions.

Required and Preferred Qualifications

Required:

  • 2+ years of experience in collections, accounts receivable, or a related finance role.
  • Strong understanding of credit and collections principles, practices, and regulations.
  • Proficient in using accounting software and Microsoft Office Suite, particularly Excel.
  • Excellent negotiation and communication skills, with the ability to manage difficult conversations with professionalism.

Preferred:

  • Experience in a high-volume collections environment, preferably within the [specific industry, if applicable].
  • Knowledge of relevant financial regulations and compliance standards.
  • Familiarity with credit reporting processes and tools.

Technical Skills and Relevant Technologies

  • Proficient in accounting software (e.g., QuickBooks, SAP, or similar platforms).
  • Ability to analyze financial data and generate insightful reports.
  • Familiarity with CRM systems and collections management tools.

Soft Skills and Cultural Fit

  • Detail-oriented with strong organizational skills and a methodical approach to tasks.
  • Ability to work independently and collaboratively within a team environment.
  • Proactive problem solver, capable of addressing issues before they escalate.
  • Strong interpersonal skills with a customer-focused mindset.

Benefits and Perks

Annual salary range: [$SALARY_RANGE]

Additional benefits may include:

  • Health, dental, and vision insurance.
  • Retirement savings plan with company match.
  • Generous paid time off and holiday schedule.
  • Opportunities for professional development and career advancement.

Equal Opportunity Statement

[$COMPANY_NAME] is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation, or any other basis protected by applicable law.

Location

This role requires successful candidates to be based in [$COMPANY_LOCATION].

5. Collections Manager Job Description Template

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

We are seeking a detail-oriented and strategic Collections Manager to lead our collections efforts and optimize our receivables processes. This role is essential in managing the collections team, developing effective collection strategies, and ensuring a healthy cash flow for [$COMPANY_NAME]. You will leverage your expertise to improve collection rates and minimize delinquencies while fostering a positive relationship with our clients.

Responsibilities

  • Oversee the daily operations of the collections team, providing guidance and support to ensure high performance and achievement of key metrics.
  • Develop and implement collection strategies that enhance recovery rates and reduce the aging of receivables.
  • Analyze aging reports and identify accounts that require special attention, working closely with team members to address challenges effectively.
  • Collaborate with internal departments, including sales and customer service, to resolve disputes and improve customer satisfaction.
  • Monitor and report on key performance indicators (KPIs) related to collections, providing insights and recommendations to senior management.
  • Utilize various financial software and tools to track collections progress and maintain accurate records.
  • Conduct training sessions for the collections team, ensuring they are well-versed in best practices and compliance regulations.

Required Qualifications

  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
  • 5+ years of experience in collections management or a similar role, with a proven track record of improving collection processes.
  • Strong understanding of credit and collections principles, as well as relevant laws and regulations.
  • Exceptional analytical skills, with the ability to interpret data and make informed decisions.
  • Proficient in financial software and Microsoft Office Suite, particularly Excel.

Preferred Qualifications

  • Experience in managing a remote collections team and utilizing virtual collaboration tools.
  • Knowledge of customer relationship management (CRM) systems.
  • Certification in credit management (e.g., CICP, CCM) is a plus.

Technical Skills and Relevant Technologies

  • Familiarity with accounts receivable software and collection management systems.
  • Strong data analysis skills, with experience in creating reports and dashboards to track collection performance.

Soft Skills and Cultural Fit

  • Excellent communication and interpersonal skills, with the ability to build rapport with clients and stakeholders.
  • Proactive problem-solving attitude, with a focus on continuous improvement.
  • Ability to work independently and manage a remote team effectively.
  • Strong organizational skills, with the capacity to manage multiple priorities and deadlines.

Benefits and Perks

We offer a competitive salary and a comprehensive benefits package, including:

  • Health, dental, and vision insurance.
  • 401(k) retirement plan with company matching.
  • Flexible work hours and unlimited PTO.
  • Professional development opportunities and tuition reimbursement.

Equal Opportunity Statement

[$COMPANY_NAME] is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law.

Location

This is a fully remote position.

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