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Cash Collections Analyst Jobs in Minnesota (NOW HIRING)

LHH US

Sr. Collections Analyst

Minneapolis, MN · On-site

$65K - $85K/yr

... support cash flow through effective collections and relationship management. What You'll Do ... Strong analytical and problem-solving skills Preferred Experience * Experience supporting customers ...

LHH US

Sr. Collections Analyst

Minneapolis, MN · On-site

$65K - $85K/yr

... support cash flow through effective collections and relationship management. What You'll Do ... Strong analytical and problem-solving skills Preferred Experience * Experience supporting customers ...

ClearPlan

Program Financial Analyst

Virginia, MN · On-site

$90 - $130/hr

Track and manage program Post and Copy billings and cash collections. * Generate and analyze quarterly program Estimates at Complete (EACs) in accordance with corporate policies. * Work independently ...

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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 are popular job titles related to Cash Collections Analyst jobs in Minnesota?

For Cash Collections Analyst jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Cash Collections Analyst jobs in Minnesota look for?

The top searched job categories for Cash Collections Analyst jobs in Minnesota are:

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

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

Cash Collections Analyst jobs near you

Credit and Collections Analyst

Cemstone

Mendota Heights, MN • On-site

$60K - $70K/yr

Full-time

Medical, Dental, Life, Retirement, PTO

Posted 23 days ago

Cemstone rating

7.9

Company rating: 7.9 out of 10

Based on 10 frontline employees who took The Breakroom Quiz

Job description

Job Summary:
Cemstone® has become synonymous with high quality products and unparalleled service in the ready-mix concrete industry in the upper Midwest. Our reputation is reflected in the structures we've helped create and our long-held and long-practiced commitment to our core values. Here's your opportunity to join an amazing family-owned business that has been around for nearly 100 years!
What You'll Do:
The Credit and Collections Analyst is responsible for assessing customer creditworthiness and extending lines of credit, managing accounts receivable risk, and executing effective collection strategies to ensure timely payment. This role partners closely with Sales, Shared Services, and Customer Service to minimize credit exposure, resolve billing discrepancies, and maintain strong customer relationships while meeting company cash-flow objectives and other management directives.
Essential Duties and Responsibilities:
Collections
  • Proactively manage a portfolio of accounts to ensure timely collection of receivables.
  • Investigate and resolve past-due balances, short payments, and disputed invoices.
  • Communicate professionally with customers via phone, email, and written correspondence.
  • Negotiate payment plans when necessary while adhering to company policies.
  • Document all collection activities in the ERP system.

Credit Management
  • Review and analyze new and existing customer credit applications.
  • Perform credit risk assessments, scoring, and analysis.
  • Recommend and establish appropriate credit limits and payment terms, per company policy.
  • Monitor customer credit exposure and escalate high-risk accounts.

Internal Collaboration & Compliance
  • Partner with Sales to communicate and evaluate credit risks for all customers.
  • Provide insights to leadership regarding customer risks and collection trends.
  • Ensure compliance with internal credit policy and external regulations.
  • Participate in process improvement initiatives to reduce DSO and bad-debt exposure.
  • Communicate professionally and effectively to foster relationships and collaboration to achieve positive results.
  • Add and maintain customer records and documentation in ERP and linked customer database systems.

Qualifications and Requirements:
  • 5+ years of experience in credit, collections, or accounts receivable required.
  • Bachelor's degree in Finance, Accounting, Business, or related field-or equivalent experience required.
  • Previous credit and collections experience in the construction industry preferred.
  • Knowledge of lien laws, credit compliance, and UCC filings preferred.
  • Intermediate knowledge of Microsoft Excel preferred.
  • Experience with NetSuite preferred.
  • Experience with Experian or Creditsafe preferred.
  • Experience with Microsoft Teams preferred.
  • Strong analytical and problem-solving skills preferred.
  • Excellent communication and interpersonal skills to develop and maintain positive working relationships with internal and external customers preferred.
  • High attention to detail and strong organizational skills preferred.
  • Proficiency in Microsoft Office applications preferred.

Pay Range: $60,000-$70,000 annually
Benefits
  • Medical Insurance
  • Dental Insurance
  • Life Insurance
  • Retirement Plans
  • Paid Time Off
  • Wellness Program
  • Education Assistance
  • Employee Assistance Program

Closing
If you are interested in becoming part of our team, please apply online today.
We are proud to be an Equal Opportunity Employer. We recognize that a diverse
workforce is essential and strongly encourage qualified women, minorities,
individuals with disabilities and veterans to apply. Join us in building a diverse and talented workforce that reflects the communities we serve.

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