Collections clerk job description
/The collections clerk position is accountable for collecting the maximum amount of overdue funds from customers, which may include a variety of customer location techniques, collection methods, legal claims, and the selective use of outside collection services.
Principal Accountabilities
Stratify collection activities to maximize cash receipts
Issue dunning letters to overdue accounts
Use skip tracing techniques to locate customers
Contact customers regarding overdue accounts and determine reasons for non-payment
Issue payment commitment letters
Negotiate the return of unpaid merchandise
Repossess merchandise when payment is unlikely
Monitor cash on delivery or COD roll payments
Issue credit hold notifications
Coordinate customer credit changes with the credit department
Recommend that accounts be shifted to a collection agency
Process small claims court complaints
Recommend bad debt write-offs
Maintain accurate records about the customer payment status
Related AccountingTools Courses
Collections Clerk Experience Requirement
Some collections clerks are extremely skilled in their ability to collect overdue funds from customers, irrespective of how much experience they might have. Nonetheless, it is generally best to look for job candidates who have several years of experience in the position; these people are more likely to understand the collection process and the techniques that are most likely to extract funds from delinquent customers.
Desired Qualifications
Must have experience with an automated telephone dialing system and collections database. Associate's degree in business preferred. Must be detail oriented, with the ability to work independently.
Physical Requirements
This person must be willing to sit at a desk and work for long periods of time at a computer.
Supervises
None