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Cash Collections Analyst Jobs in Georgia (NOW HIRING)

Collections Analyst Job Requisition ID: JR0000001257 Number of Openings: 1 Shift: Not Applicable ... Coordinate with the Accounting Department to ensure cash receipts are accurately posted; Update ...

Collections Specialist

Atlanta, GA · Hybrid

$17.75 - $24/hr

... help improve cash collections. This is an excellent opportunity for an early-career finance ... Strong analytical, organizational, and problem-solving skills. * Excellent verbal and written ...

Collections Specialist

Atlanta, GA · On-site

$17.75 - $24/hr

... help improve cash collections. This is an excellent opportunity for an early-career finance ... Strong analytical, organizational, and problem-solving skills. * Excellent verbal and written ...

This position offers the chance to make a direct, measurable impact on cash flow while working in a ... ability to analyze large volumes of data from multiple sources Excellent organizational ...

Collections Specialist

Lagrange, GA · On-site

$16.75 - $22.75/hr

The Collections Specialist is responsible for accounts receivable collections for the company. This ... cash to invoices. This position also assists the Credit Analyst with a variety of duties.

Collections Specialist

Lagrange, GA · On-site

$16.50 - $22.50/hr

The Collections Specialist is responsible for accounts receivable collections for the company. This ... cash to invoices. This position also assists the Credit Analyst with a variety of duties.

Collections Specialist

Lagrange, GA · On-site

$16.75 - $22.75/hr

The Collections Specialist is responsible for accounts receivable collections for the company. This ... cash to invoices. This position also assists the Credit Analyst with a variety of duties.

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Cash Collections Analyst information

What does a cash collections analyst do?

A Cash Collections Analyst is responsible for managing and overseeing a company's incoming payments and ensuring that outstanding invoices are collected in a timely manner. They analyze accounts receivable data, communicate with clients about overdue payments, and work closely with the finance team to resolve any discrepancies. Their goal is to optimize cash flow and minimize the risk of bad debt by implementing effective collection strategies and maintaining strong customer relationships.

What are the key skills and qualifications needed to thrive as a cash collections analyst?

To thrive as a Cash Collections Analyst, you need strong analytical skills, attention to detail, and a background in finance or accounting, often supported by a bachelor’s degree. Familiarity with ERP systems like SAP or Oracle, proficiency in Excel, and experience using collections management software are typically required. Excellent communication, negotiation abilities, and problem-solving skills help build rapport with clients and resolve payment issues efficiently. These skills and qualities are crucial for optimizing cash flow, minimizing bad debt, and maintaining positive client relationships.

What are common challenges faced by cash collections analysts and how can they be addressed?

Cash Collections Analysts often encounter challenges such as managing overdue accounts, handling difficult customer conversations, and balancing a high volume of accounts. To address these, strong organizational skills, effective communication, and the ability to remain calm under pressure are crucial. Collaborating closely with sales and customer service teams also helps resolve disputes and maintain positive client relationships, ultimately improving collection rates and reducing outstanding balances.

What is the difference between Cash Collections Analyst vs Accounts Receivable Specialist?

AspectCash Collections AnalystAccounts Receivable Specialist
Primary FocusCollecting outstanding payments and managing overdue accountsManaging invoicing, billing, and recording payments
Skills & CertificationsFinancial analysis, communication skills, familiarity with collection softwareAccounting knowledge, attention to detail, proficiency in accounting software
Work EnvironmentFinance or accounting departments, often in corporate settingsFinance or accounting departments, often in corporate settings
Common UsageUsed by companies focusing on debt recovery and cash flow managementUsed by companies managing overall accounts receivable processes

The main difference is that a Cash Collections Analyst primarily focuses on recovering overdue payments and managing collections, while an Accounts Receivable Specialist handles invoicing, recording payments, and maintaining customer accounts. Both roles require financial knowledge and work within similar environments, but their core responsibilities differ in scope and focus.

What cities in Georgia are hiring for Cash Collections Analyst jobs?

Cities in Georgia with the most Cash Collections Analyst job openings:

$50K - $60K/yr

Full-time

Retirement

Re-posted 4 days ago


Job description

Explore a World of Opportunity with the State of Georgia!

We are the force that drives Georgia!
Georgia State Government is a large enterprise, composed of various agencies and entities with a common goal to improve the lives of Georgia's more than 10 million citizens!
Join Team Georgia and impact lives everyday while receiving a robust benefits package designed for every stage of your career!

Job Title:

Collections Analyst

Job Requisition ID:

JR0000001257

Number of Openings:

1

Shift:

Not Applicable (United States of America)

Compensation Details:

$50,000 - $60,000

Job Description:

Under general supervision of the Operations Manager, this position is responsible for collecting and reconciling overpaid benefits on retirement accounts, optimizing the Agency's collection portfolios.

MINIMUM QUALIFICATIONS & EDUCATION
Bachelor's degree from (4) year accredited college/university and/ or five years of experience working within a financial related position or experience working with a defined benefit plan.
2-4 years of experience in collections, including a proven track record of cold call collections, negotiating payments, handling disputed charges, and managing complex accounts.
Ability to work independently to accomplish goals and objectives.
Intermediate skills using Word and Excel

PREFERRED ADDITIONAL QUALIFICATIONS
Excellent professional verbal communication skills, with an ability to keep calm under pressure and a diplomatic but firm manner.
High degree of flexibility with the ability to thrive under pressure and adhere to constant change and challenging deadlines.
Strong analytical and problem-solving skills.

ESSENTIAL DUTIES & RESPONSIBILITIES
Review assigned member accounts to determine and verify overpayment amounts, source, and responsible parties.
Analyze complex overpayment issues, develop solutions, and create plans of action to resolve delinquencies in a timely and effective manner.
Contact responsible parties for negotiation of repayment terms and send contractual repayment agreements as required.
Investigate disputes and provide resolution and/or additional information as requested.
Record all collection calls, status of collection efforts and archive all related documentation to member accounts.
Send payment acknowledgement letters, outlining payment(s) received, outstanding balances and subsequent due dates.
Maintain Master collection database, ensuring all data is accurate and payments/balances are up to date; Monitor and manage all database activities and corresponding reports; Reconcile Master collection database by updating financial adjustments on a monthly basis.
Provide follow-up on reclamation requests to financial institutions and resubmit as required.
Coordinate with the Accounting Department to ensure cash receipts are accurately posted; Update Accounting reversal report as required; Identify and research any discrepancies.
Conduct face-to-face consultations, both scheduled and walk-in regarding overpayments.
Summarize and prepare legal packages for civil litigation and /or criminal prosecution.
Performs other duties as assigned.


KSA'S (KNOWLEDGE, SKILLS, AND ABILITIES)
Knowledge of related state and federal laws, regulations, and policies.
Knowledge and abilities in negotiation, mediation, and conflict resolution methods
Skill in the operation of a personal computer and other office equipment.
Skill in organizing and planning work.
Skill in oral and written communication.
Ability to make sound decisions, effectively and promptly.
Ability to multi-task and meet all required deadlines.
Ability to exercise judgment in interpreting and applying applicable state and federal laws, Board of Trustees policies, guidelines, and office procedures.
Ability to have good interpersonal skills while interacting with difficult customers.
Ability to handle difficult and stressful situations with professional composure.
Ability to build and maintain effective working relationships with all levels of management and staff.
Skill in the operation of a personal computer and other office equipment.
Ability to handle difficult and stressful situations with professional composure.


CORE COMPETENCIES
Teamwork
Customer Service
Accountability
Communication
Judgment and Decision Making
WORK ENVIRONMENT
The work is typically performed in an office environment.

PHYSICAL DEMANDS OF THE JOB
The physical demand of the work job is sedentary work which involves exerting up to 10 pounds of force occasionally or a negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time but may involve walking or standing for brief periods of time.
While performing the duties of this job, the employee will also regularly be required to talk, hear, and use hands and fingers to operate a computer and telephone keyboard reach, specific vision abilities required by this job include close vision requirements due to computer work.


Note: The specific statements shown in each section of this job description are not intended to be all-inclusive. They represent typical elements and criteria necessary to perform the job successfully. The Teachers Retirement System
of Georgia reserves the right to modify and expand job responsibilities and duties over time.

Minimum Qualifications:

Bachelors Degree in Businesses or related a special emphasis and finance industry

Equal Employment Opportunity Employer

The State of Georgia does not discriminate based on race, color, national origin, sex, religion, age, disability, or other protected categories in employment or the provision of services.
Qualified applicants may request reasonable accommodation when needed during the application and/or screening process by contacting the appropriate agency Human Resources department.