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Collection Specialist

Collection Specialist

Central State UniversityWilberforce, OH, United States
9 days ago
Job type
  • Full-time
Job description

Posting Details

Posting Details

Posting Number

0801709

Classification Title

Collection Specialist

Working Title

Department

Cash Management

Department Contact Email

zruffingibson@centralstate.edu

Job Summary / Basic Function

JOB SUMMARY :

Responsible for contacting students with outstanding balances on their accounts, attempting to collect overdue payments through phone calls, emails, and other communication methods, while maintaining a student-centric approach to ensure timely debt resolution and minimizing negative impacts on their academic progress.

DUTIES AND RESPONSIBILITIES :

  • Monitor and maintain up-to-date records for student accounts and reviewing accounts in arrears to ensure appropriate actions are taken
  • Reach out to students with overdue accounts via phone, email, and mail to remind them of outstanding balances and encourage payment
  • Work with students to establish manageable payment plans based on their financial situation.
  • Track student account details, including payment history, outstanding balances, and any relevant notes regarding collection efforts.
  • Negotiate settlements (in conjunction with the Controller) or explore alternative payment arrangements to resolve outstanding debts
  • Ensure all collection activities comply with university policies and relevant regulations regarding student debt.
  • Provide guidance and information to students regarding financial aid options, payment deadlines, and potential consequences of non-payment.
  • Maintain accurate records of collection attempts and provide regular reports on outstanding debt levels to upper management
  • Other Duties as Assigned

REQUIRED KNOWLEDGE, SKILLS, AND ABILITIES

  • Ability to clearly explain financial situations to students and effectively communicate collection procedures in a professional manner.
  • Identifying challenges related to student debt and finding creative solutions to resolve outstanding balances.
  • Prioritizing student satisfaction while enforcing payment obligations
  • Accurately inputting and managing student account information within relevant database systems
  • Recognizing student financial difficulties and tailoring collection strategies accordingly.
  • Minimum Qualifications

    MINIMUM QUALIFICATIONS :

  • Associate or bachelor's degree in business, Accounting, or equivalent work experience
  • Strong understanding of university policies related to student billing and financial aid
  • Experience in customer service and two to five (2 to 5) years of experience in collections preferred
  • Proficiency in Microsoft Office Suite and Banner
  • Preferred Qualifications

    Posting Date

    03 / 27 / 2025

    Closing Date

    Open Until Filled

    Yes

    Special Instructions to Applicants

    Position Category

    Staff - Monthly (Exempt)

    Budgeted Annual Salary

    Commensurate with experience

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    Collection Specialist • Wilberforce, OH, United States